Last week... While Faber was on CNBC preachin about how he's positive that CIT will file BK.. I decided to put about $400.00 on CIT @ .40 ... My question is where do you guys/gals see this thing goin in the ultra-near term.. I usually participate on the google boards but its rediculous how ignorant those people are. I know CIT is due to blow up here in a few hours, but just unsure as to where I should look to exit.. A key issue that I have is the fact that there is heavy short interest that is going to have to cover seeing as this thing will probably triple or better by EOD.... any coments?
Account balance: $6,590
take your profits