Tuesday, March 25, 2008

cit group

CIT- I mentioned this on the blog yesterday. It was a wild ride for sure. I wish I could show you the chart of yesterday but don't have the capability on stockcharts.com. However it is one to have on the radar as more than half the public float traded in the last few days. If it can back and fill (base) over the short term it may lead to much higher prices. The $14.77 area is resistance, but if it can get through there I can see a target around $19


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.