Replies to post #2279 on CIT Group, Inc. New Common (CIT)

[fredd369]

key support is at 0.20.. if it goes near it, its game over

im prob gonna dump for a huge loss on this one tomorrow if this selling continues. If there is no bounce after 4 days.. 99% of the time its pretty much fu.cked.

[porkman385]

I'm watching. Not in yet but definitely getting in if the opportunity presents itself. Hoping for single digits.

BTW Whats the deal with the commons? Are they definitely getting cancelled? Sorry I haven't really been following the news, just the technicals.

[Beardeus]

Like I said earlier, CBCGQ had a run that doubled in value and their assets were seized by the FED. CIT is able to still operate until the court hearing. You never know what comes to light between now and then.