Tuesday, August 11, 2009

Time Capsule Treasure Chest Stock: CIT

Added another 500 shares at $1.24 to my already 2000 share base. My cost average is $1.4726. I have no stop on this position. This is part of my put in the chest and lock it away positions. The uptrend still looks intact. There was an article in Barron's about the Fed focusing on commercial real estate over the weekend. Any governmental assistance to commercial real estate should greatly benefit this laggard financial and help propel out of it's trough bottom and get it kick started like AIG and Fannie and Freddie.

Once there's stabilization with CIT I will look to sell monthly covered calls.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aTOaAnSiL7YM

No comments:

Post a Comment