Next Stop Hudson City (NASDAQ:HCBK)

Hudson City Bancorp finished the day up 0.25%, the stock is trading near its 52 week low and well below its 52 week high of $14.75. HCBK appears to be a liquidity play as investors flee the stock and put their money into better performers. HCBK reports earnings on October 20th. Allan Edwards the CEO of The Markets Are Open is expecting earnings to come in at 27 cents a share. Edwards said that HCBK will have trouble generated returns on its Mortgage Backed Security Portfolio, but that its loan portfolio will perform strongly. Edwards expects non performing loans to drop from the previous quarter and provisions of 50 million.