JetCreek Radar: CIT Bank

After a long lull, interest in CIT is bound to be enormus over the next few days.

Tuesday, September 22, 2009

$1.83

Its 11:25PM and I'm thinking about my sell point. I had thought that $1.80 was a great place to exit CIT, however in the last couple moments of trading people were snapping it up for $1.83! It ended above its traditional price point of $1.4+ for no apparent reason. WTF? So I placed another order for $2.28 - thinking that I better play it pretty aggressive as it is mid week and I'd like to make as much as possible off this highly speculative stock. All I need to do is ride the waves and sell before the crests.

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