Replies to post #2281 on CIT Group, Inc. New Common (CIT)

[BillyRay]

Yes..thats what happens in BK situation. Commons get wiped out just before the company emerges. A play like this one, you need to have access to a computer throughout the trading day. I wouldnt trust those auto buy/sell parameters with this stock. Better to play it safe and be in control of the trigger yourself. GL