Cit Grp. Pfd A (fka CIT-A)

[Joe Stocks]

Thanks. can't think of anything for the Ibox at this time. I usually close them and just interested in the messages. I don't know if for the moment that most that can be said about this play has been said and now is time to wait and see what happens. I would imagine that most that are in CITBQ are in for more than a daytrade. I think this one has great potential to run at some point.

My theory on these stocks that fall hard and end up on the pink sheets are a nice potential money maker for the market makers that sponsor them. Letting them sit stagnant makes them little money. These stocks end up be enticing money makers that they can manipulate from time to time to draw in nice profits. Look at the lehman trust preferreds recently. Nice run from about 15 cents to about 90 cents, and now down to about 30-35 cents.

So, even if one thinks these will end up worthless (I don't think they will) there is still potential for a nice run. I would love to see someone put the gov't on the spot and ask them how they are going to protect the taxpayers investment.