Shorts are selling and will buy back at the last hour today making a huge profit. Good earnings will take the stock up to 5.00 or more 3/8/11. All those who buy at the lows today will profit. If you are long and selling at these lows it's your lost.
Very good plan.....these bums must have ~1.4 million shares that they have already shorted out....THEY are actually the ones panicked here...that's why the flurry of moron comments about earnings misses etc..
We are watching carefully the short trades by volume available after the close today...if they have not covered by the close they are engaging in naked shorting again..and that IS reportable..
We're very, very excited about Cnit's earnings prospects...and plan to incrementally buy shares every time they hit it lower...