I'm going to be very patient on ITIC, too. It's going to be like NTZ, on which I went long-term on all purchases (in reference to capital gains taxation) by August. Same for ALGI, where I'm still short-term on all purchases but holding at least until they're long-term.
See the SBAC board for details on my most recent short-sale disaster!
Telling point on tax. I got into NTZ down near 8 last Nov and out at 10.50 or something two months later. Felt like quite the Operative for a while. But that particular money hasn't done much for me since then, NTZ is up a little more and next month my tax bill would have dropped.
The hard thing about this work is how many times ya gotta measure and how seldom ya can afford to actually cut.