CIT- May file chapter 11- Down 28% after hours

[kinggyppo]

was up on this story I believe.

http://wallstreetpit.com/10756-john-paulson-may-merge-struggling-cit-group-with-indymac

 

[nelsanity]

Quote from vhehn:

Jim Cramer
Citi and CIT Are Primed for Upside
1:54 PM EDT

That's because the chart he's looking at is upside down.

 

[wutang]

You used to have to go to the pinksheets to see shit like this move. What a joke.

 

[johncool]

AMT,
Where did you get the numbers for "Commercials" holding large resting SHORT inventory ?

I only sell the market when "Commercials" are holding large resting SHORT inventory. They are currently holding large resting SHORT inventory and as a result I am SHORT

 

[AMT4SWA]

Quote from johncool:

AMT,
Where did you get the numbers for "Commercials" holding large resting SHORT inventory ?

I track their activity through a parsed volume study as I find the areas where they accumulate LONG or SHORT inventory.

 

[AMT4SWA]

Quote from piggie2000:

let me guess you were long all the way up and you'll be short all the way down?how many short signals have you been stopped out of the past 3 months? 10,20,30 or 40?

Commercials holding SHORT positions and so was I......targets filled all the way down to the 1042's so far today.