Bleecker Street Research
Long/short equity, special situations

China Information Technology: Numerous Red Flags Surround This Company

About a month ago there were a number of Chinese stocks that were going parabolic. Mainly low-float Chinese stocks were making these moves. I shorted several of these and some worked and some didn't, but almost all of them have since settled down. Now that many of the momentum traders who will buy anything that is up 30% in a few days have left these stocks, I think that now would be a much safer time to short these type of stocks. One of the stocks in particular is China Information Technology (NASDAQ:CNIT).

(click to enlarge)

CNIT is a Chinese information technology company. By the company's own description it provides mainly smart education, smart family, smart business, public...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details