We had a sell order @ $1.8 that we upped to $2.1.
Given that JPM may be taking over CIT, we think that $2.1 may be an attainable short-term level.
That said, we could be in the same cycle that has held this stock between $1.40-$1.50 for the past couple weeks. If so, JCV should get out now at $1.7+ and buy back in at < $1.40.
2 different rumors for today:
A: JPM is going to purchase CIT Group
B: CIT Group's restructuring is going to be helped out by TARP funds
JetCreek Venture serves the recapitalization needs of distressed firms. Our portfolio includes several banks and insurance firms including: American Insurance Group (AIG), Citibank (C), CIT Bank (CIT), Freddy Mac (FRE), and Fanny May (FNM). Of note is our ongoing committment to establishing an exclusive sterilization service for the Twin Cities' medtech and biobusiness industries.
JetCreek Thinking
Near Misses and Wins
So far...
WINS
Win 3: Section 1 of Get Uplinked Chapter 2 is done!
Win 2: August 2009 25% increase in portfolio profits
Win 1: May 2009 70% increase in portfolio profits
MISSES
Should have sold CIT @ $2.20!!!!
Should have sold CIT @ $1.83.
DEED: Not interested
Jump Associates: "Need new and better skills/experience..." i.e. get to it dude.
CIT: Could have bought in @ $1.23/share
AIG: Sold out @ $37/share
C: Could have bought in @ $2.6/share
FNM & FRE: Still not too sure about these guys
JetCreek Home Base
JetCreek Life
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