Replies to post #1003 on CIT Group, Inc. New Common (CIT)

[marayatano]

CIT-A Accumulation / Distribution and Money Flow shot up.

Yesterday and today, there has been HUGE sellers (500,000 shares plus) on the ASK, but someone is buying. Every time the sellers shows up, there are major spikes in volume, but the PPS does not go down, it appreciates. An interesting to note that the same MM on the ASK is the same MM on the BID.

This leads me to believe that someone is trying to get holders to sell while someone is scooping them up.

The major offender is the MM "ISA." This MM, I believe, is the trading program by Goldman Sachs or one of the Investments banks that does flash trading.

The above is my opinion.