Tuesday, January 29, 2013

1/29/13 early trading

In early trading this morning, CNIT is up 10.88% on pretty good volume.

A quick look at market news / media attention brings up an article on Smallcap Network pointing out that there may be an opportunity in CNIT: http://www.smallcapnetwork.com/Three-Ways-to-Get-the-Trading-Week-Started-Right-OCZ-CERP-CNIT/s/via/1789/article/view/p/mid/3/id/329/.

In their words:

"Last but not least, you have to take a big step back to really see it, but China Information Technology, Inc. shares have been brewing up a breakout effort that's on the verge of finally being unleashed. The chart of CNIT below says it all."

And here's the graph they reference (source is the link above):

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