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Yes, and should be punishable by firing squad.
that was just a poor attempt at pumping their stock up
Besides the Greek financial negotiations, it surely seems as though there is an active effort to drive the share price down here. Does anyone other than myself think it is connected with the "bid" offer for going private?
Sure appears that the price is being manipulated when watching Level II and the charts.
the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015
I find it interesting that todays "fundamental" news on the company's business focus,
and the fact that they are narrowing their offering to "Cloud" has had abslulutely "no"
effect whatsoever on the price action. CNIT appears to be trading on the chart and
technicals alone.
Pure technical. Price has very clear price support levels at $4.00 and $3.50 and $3.00. If it breaks below $3.00 then $2.50 is next. Also if you pull up the 2 year chart and draw a line at the very bottom tips; this points to $2.50. Anything under $3.00 this month is probably a buy and will surge to $4.00 before August.
Willlbone. A financial expert am I not. But, why do you say PPS should drop below $2.50 ?
The warrants are exercisable at $7.73 and $7.09. Net proceeds to CNIT will be $12.7 mill - not just a drop in the bucket.
Kindly explain your thinking to the unwashed like me please.
Is dilution a factor in the equation ?
$CNIT recent news/filings
bullish
high green cmf readings
## source: finance.yahoo.com
Fri, 15 May 2015 10:00:00 GMT ~ CNIT Expands New Media Offerings in Wudang District of Guiyang City
[PR Newswire] - SHENZHEN, China, May 15, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it has entered into a strategic agreement with the Wudang District government in Guiyang City to collaborate on the "CNIT Internet + Smart Guiyang" project through applying new media solutions in elevator Internet of things, bus stops, healthcare, public transportation and residential communities, and explore cloud-based new media opportunities in fields from education, finance, healthcare, media, and transportation. According to the agreement, the Company will leverage its proprietary Cloud-App-Terminal (CAT) model and Cloud-Nest data analytics to build the "CNIT Internet + Elevator Internet of Things" platform, the "CNIT Internet + Smart Bus Stops" platform, promote the Company's cloud-based solutions such as Cloud Media, Cloud Conferencing, Healthcare One Pass, Smart Bus Stops, and explore additional new media opportunities in fields including education, finance, healthcare, media, and transportation.
read full: http://finance.yahoo.com/news/cnit-expands-media-offerings-wudang-100000376.html
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Fri, 15 May 2015 06:27:28 GMT ~ CNIT Expands New Media Offerings in Wudang District of Guiyang City
[at noodls] - SHENZHEN, China, May 15, 2015 -- China Information Technology, Inc. (the 'Company' or 'CNIT') (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions ...
read full: http://www.noodls.com/view/E76A0AD8688F19E51FFD01CA45A6C2F8B9F4D76E
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Tue, 12 May 2015 10:46:32 GMT ~ CNIT Entered Into Strategic Agreement with Sznews.com of Shenzhen Press Group
[at noodls] - SHENZHEN, China, May 12, 2015 -- China Information Technology, Inc. (the 'Company' or 'CNIT') (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions ...
read full: http://www.noodls.com/view/DC3BFFF4F4E7A5C653EFA4BFA41BA1F7FFC63983
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Tue, 12 May 2015 10:00:00 GMT ~ CNIT Entered Into Strategic Agreement with Sznews.com of Shenzhen Press Group
[PR Newswire] - SHENZHEN, China, May 12, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it has entered into a five-year strategic agreement with Sznews.com Co., Ltd. ("Shenzhen News"), a subsidiary of Shenzhen Press Group Limited, to collaborate on the "Internet + Smart City" project involving industries such as healthcare, education, and transportation. According to the agreement, Shenzhen News will leverage on the competitive strength of its parent company in media content and resources to operate the new media platform associated with "Healthy Shenzhen" and other cities.
read full: http://finance.yahoo.com/news/cnit-entered-strategic-agreement-sznews-100000632.html
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Tue, 05 May 2015 10:25:26 GMT ~ CNIT Entered Into Strategic Agreement with the $1.6 Billion Shenzhen Capital Group
[at noodls] - SHENZHEN, China, May 5, 2015 -- China Information Technology, Inc. (the 'Company' or 'CNIT') (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in ...
read full: http://www.noodls.com/view/144DB25B81BF37AA4A73959666794F0EF09F0849
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$CNIT charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$CNIT company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CNIT/company-info
Ticker: $CNIT
OTC Market Place: Not Available
CIK code: 0001350684
Company name: China Information Technology, Inc.
Company website: http://www.chinacpby.com
Incorporated In: Virgin Islands (British)
Business Description:
$CNIT share structure
## source: otcmarkets.com
Market Value: $192,834,321 a/o May 15, 2015
Shares Outstanding: 27,007,608 a/o Aug 07, 2012
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$CNIT extra dd links
Company name: China Information Technology, Inc.
Company website: http://www.chinacpby.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CNIT+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CNIT+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CNIT+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CNIT/news - http://finance.yahoo.com/q/h?s=CNIT+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CNIT/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CNIT/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CNIT+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CNIT
DTCC (dtcc.com): http://search2.dtcc.com/?q=China+Information+Technology%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=China+Information+Technology%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=China+Information+Technology%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.chinacpby.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.chinacpby.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.chinacpby.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CNIT
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001350684&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CNIT/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CNIT/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CNIT&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CNIT
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CNIT/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CNIT+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CNIT+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CNIT
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CNIT
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CNIT+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CNIT/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CNIT+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CNIT.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CNIT
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CNIT/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CNIT/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CNIT
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CNIT
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CNIT:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CNIT
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CNIT
$CNIT DD Notes ~ http://www.ddnotesmaker.com/CNIT
AMERICAN BULLS!STAY LONG, LAST PATTERN,BEARISH ONE BLACK CROW
Signal Update :CHINA INFORMATION TECHNOLOGY
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 01/07/2014, 8 days ago, when the stock price was 4,2050. Since then CNIT has risen by +24,85%.
Market Outlook
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. Based on this pattern, in response to emerging market bearishness the system established new confirmation and stop loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to SELL is very high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.
Year End 2013 Results and FY2014 Financial Guidance
These Chinese! The Hoax
http://www.knobias.com/story.htm?eid=3.1.8dd8dc8d3c277c844bbbe808cef8d551ef3d75d1c4205a40368fbcb97aff4de9
THE CHART, RSI(14)83.76 is shorted. Collapse!!
Be carefull
http://stockcharts.com/h-sc/ui?s=CNIT&p=D&b=5&g=0&id=p26099102557&a=264845671
yeah from 1 dollar to 3 dollar in just a few weeks
Anything above 2.37 is a buy!!! It is time...., Barchart has it listed as a buy also.
Positive close.
1.00? this is sick...
What a crazy volatility in the past 2 months.
If you watch the intraday trades, you can see that this is heavily
manipulated.
This things is moving up and down violently without any
significant event.
It almost looks as though certain MMs are playing with this
to show up in realtime scanners to lure in traders.
I'm going to play this artificial volatility
and attempt to take some MMs money. LOL
could see 2.50
i'm long
nice hod $1.75
dont know how long will take to fade
http://profit.ly/plans?aff=1775
weeeeeeeeeee...still holding
A lot of activity today
trading in prices not seen since spring time,
Hmmm Maybe my next play... Nice insider buys recently.
CNIT: Insider Buys/Sells (?)
.
Insider Position Date Trades Shares Trade Price ($) Change (%) Details
Lin Jiang Huai President and CEO, 10% Owner 2012-07-11 Buy 18,600 $0.98 3.06 view
Lin Jiang Huai PRESIDENT AND CEO, 10% Owner 2012-07-09 Buy 3,565 $1 1 view
Lin Jiang Huai President and CEO, 10% Owner 2012-07-05 Buy 6,031 $1 1 view
Lin Jiang Huai President and CEO, 10% Owner 2012-06-29 Buy 15,450 $1 1 view
Lin Jiang Huai President and CEO, 10% Owner 2012-06-26 Buy 10,293 $1 1 view
Lin Jiang Huai President and CEO, 10% Owner 2012-06-22 Buy 13,926 $1 1 view
Lin Jiang Huai PRESIDENT AND CEO, 10% Owner 2012-06-20 Buy 23,350 $1 1 view
Lin Jiang Huai PRESIDENT AND CEO, 10% Owner 2012-06-13 Buy 45,436 $0.95 6.32 view
$CNIT
1.52, 1.41 resistance
1.24, 1.18 support
500k volume first one and half hour to ramp up @ 10:36am
100k volume next 20mins @ 11:18am
Afterward Massive dumps at support 1.22-1.18 320K which made it bounce back 1.40 @ 2:18pm with 250k volume
anyone it would have a run on monday? on the chart there is not much for it to fall. last support is around 1 doolar.
Almost a million shares short.
http://www.nasdaq.com/symbol/cnit/short-interest
It seems like a good place to start covering now, don't you think?
It's bouncing nicely today.
Someone suggested they might go private.
Any other thoughts on why it's moving up today?
Wait, wait, these guys did a reverse split and it's already trading around a dollar again?
~ Monday! $CNIT ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $CNIT ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=CNIT&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=CNIT&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=CNIT
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CNIT#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CNIT+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CNIT
Finviz: http://finviz.com/quote.ashx?t=CNIT
~ BusyStock: http://busystock.com/i.php?s=CNIT&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CNIT >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
I thought this went up today. How disappointing.
Looking for 2.00$, no less. accumulate what you can on pullbacks. Once 1.00$ breaks,.........the race is on my friend.
Will do kurupster>>>>>>>>>>>>>>>>>...
Cali...Look for a confirmation next week
We just ran almost 40% CONSOLIDATION is HEALTHY Shake Shake.....Fibonacci retrace, would put us at
Cheeers!
still a long way to go here I see. May have to hit for a few under a dollar. Will see what she pulls back to.
Iam looking for the conversion around 2.00.
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China Information Technology, Inc.
21st Floor Everbright Bank Building Zhuzilin
Futian District
Shenzhen, China 518040
Phone: 86 755 8370 8333
Fax: 86 755 8370 9333
Web Site: http://chinacnit.com
BUSINESS SUMMARY
China Information Technology, Inc., through its subsidiary, focuses on the development and implementation of public security and Geographic Information System (GIS) related projects. It provides a portfolio of integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control, and Intelligent Security Surveillance), Geographic Information System (Police-use GIS and Civil-use GIS), and e-Government Platform services, as well as software sales and maintenance. The company, through its contractual arrangement with iASPEC Software Company Limited, has the licenses to 16 registered and copyrighted software applications in the People's Republic of China. China Information Technology, Inc. is based in Shenzhen, the People's Republic of China.
Venue Changes Expected for May 23, 2008
China Information Security Technology, Inc (OTCBB: CIFS) will begin trading on the Nasdaq NM as China Information Technology, Inc (Nasdaq NM: CNIT)
FINANCIALS Numbers in 000's
Period Ending 12-31-07 12-31-08 12-31-09 12-31-10 13-31-11
Total Revnue $ 30,343 85,301 100,996 163,846
Cost of Revenue 12,714 46,222 50,344 93,282
Gross Profit 17,629 39,079 50,652 70,563
Net Income 13,331 23,787 30,095 34,402
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