Wednesday, September 17, 2008

Sold Hudson City

For $19.60 - a $740 capital gain. The stock is near all time highs and has a very high price/earnings ratio which is difficult to see being justified by future growth. Good company but pricey stock. I'm assuming the price has been pushed up as one of the most solid banks out there, which is why I bought it in the first place. It's been moving against the market recently and so may be topping out if the market is bottoming out.

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