These posts were just published on ZYX Buy Change Alert.

First Post

This is a short-term trade suitable only for aggressive investors.  Consider initiating a 20% tranche in CIT in the zone of $41.80 to $42.45.

Second Post

CIT is a speciality finance company.  IT has long been rumored as a takeover candidate.  Now there is a report that it has hired Goldman Sachs. In a take out the stock can fetch close to $60.  However if there is no take out the stock will fall.  Fair value based on ZYX Quantitative Screen is $36.to $40.50.

To limit potential losses consider stops in the zone of $38.83 to $39.36.  Those who want a tighter stop can consider $41.11 to $41.23 at the risk of being whipsawed.

We have a fill at $42.14.

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