CNIT plunged a few days ago because the CFO resigned. Wall Street got scared because professional shorts like Alfred Little and Muddy Waters got the ball rolling against "Chiscams". These folks are late to the game. Even the Motley Fools recently had an article of "throwing the towel" on most Chinese Small Caps because supposedly there is prevalence of fraudulent behavior. Small caps are going private buying their own stocks or filling counter lawsuits against false claims.
Time to buy small caps is now, after considering that most everyone is scared to buy these stocks.
Go ahead if you want to lose your arss!! You are taking the word of these companies vs loads of institutional selling!! Institutional investors are privy to a whole lot more candid information than board posters!!!
some of the small caps caught in the scam claims list having tons of cash on hand, sometimes more than the current market cap. Yet none or very few pay a dividend or do a buyback. Hint: Chinese cook book is not refering to food preparation.