baz518

E*Trade: Very Undervalued

CITADEL isn't dumping more shares... they only dumped what they have to get below the 9.9% holding. I'm long ETFC... got most of my shares at the secondary price around $1.20 earlier this year. Expecting 3Q results to bring it above the $2 resistance, where I'll unload a percentage... and then hold for 2010 with a price target of $4 by 4Q10. The buyout hope is there, but if loan portfolios keep stabalizing and ETFC returns to profit... I don't see it happening.

CIT Group to Move on After Peek

Whoever wrote this must be Peeks best friend. He ruined CIT... moving the headquarters to Manhattan, getting into student loan lending are just a few of the stupid mistakes he made. The only reason this company is still alive is because bondholders and lenders think they can make a ton of money, not because of the management at CIT. That management team is at the mercy of anyone who will lend them money. Common shares are dead... if you can't buy bonds, buy the Equity Units (CITpZ) in lots of 40, otherwise stay away.