chartMonday was a positive day on the markets as all the boards rallied on the news of a (CIT) bailout of sorts. Bottom line was that there was a meeting with bondholders who would loan the funds necessary to bridge the gap and allow the holding company to function. With a spike on the pre-markets, I got into the stock at a limit price for $1.20/share for 2500 shares and towards the close at $1.30. A really small profit.

Total Profit on (CIT) = $250

Am I happy yes, but whats better, look at my VVTV that I called MANY MANY MANY times and today was above my target of $2.50. I am sitting on a potential profit of $6755 on the shares I got for $0.66 for 3500 shares. I made a really small investment but the payout has been excellent!!

Here is the market summary for Monday:

News:
Boston Scientific profit rises 61%
Shares rise more than 5% following report; full-year sales may top views

Legg Mason swings to a profit in “comeback quarter”. (LM)

Barnes & Noble Opens E-Bookstore With 700,000 Titles. (BKS)

I am in a really good mode and for tomorrow, will just relax and watch the markets. There isn’t a need to play when I have (VVTV) growing on its own.

Happy Investing!

Aman, MBA

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