JetCreek Radar: CIT Bank

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

Thursday, September 24, 2009

Fail

I should have maintained my original sell order at $1.80. CIT gave back its recent gains and is now at $1.61... my B/E point. This is frustrating. On the other hand, The Street is predicting that CIT's stock will make some gains as the end of the month approaches... we'll see about that. On the other other hand, its not like I'm itching to get into any other stocks today. So I might as well chill and ride the ride until at least the end of the month. I'll be watching C over the next few weeks. They have earnings due on the 15th of Oct... and I'm expecting the stock to fall until then; they aren't expecting a profit over at their camp.

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