Comments on: WHY IS CIT TRADING ABOVE $1?

By: prescient11

prescient11 — Thu, 23 Jul 2009 04:27:43 +0000

Saluzzi’s point is who the hell is driving it up to $1. The three stocks making up 10% of the volume of the exchanges is a much better point, imho.

By: TPC

TPC — Wed, 22 Jul 2009 06:03:32 +0000

I have to admit that it sounds a bit like Saluzzi is grasping at straws here….The evidence is hardly convincing on his CIT report….

By: Bloomberg user

Bloomberg user — Wed, 22 Jul 2009 05:48:39 +0000

Anyone who has a bloomberg screen will see that this is not true, because CIT traded under $1 for most of the day, only breaking through on a sustained basis after 2pm, when volume was well off the torrid pace during the first two hours.

By: RICK SANTELLI

RICK SANTELLI — Wed, 22 Jul 2009 05:03:24 +0000

SEC, Are you listening? Obama, are you listening? I didn’t think so. Are screams fall on deaf ears to do something about this bullshit. This HFT bullshit must end!!

By: samiam6

samiam6 — Wed, 22 Jul 2009 01:49:32 +0000

move along, people. nothing to see here. government sachs is the good samaritan saving cit for the welfare of the country and is happy to manipulate stock prices using taxpayer-guaranteed funds for the greater good. lol

By: prescient11

prescient11 — Wed, 22 Jul 2009 01:45:25 +0000

thank you, i was going to say the same thing…

hft!!!!! when will the sec do its job?????