CIIT ran from $2 to $8 premarket despite an offering filing for 4.8M units with warrants, creating dilution risk. Better-than-expected Q3 results drove the move, but the stock has a history of popping and fading. Watched resistance at $4.10, $4.60, and $4.70. Briefly reclaimed VWAP, then failed and faded. Took a small loss and cut it quickly. Preferred the short around $4.50-$4.60.