DIMI Stock Bounce Scores 930% Gains Since July 26

Co-founded by Ferrari racing champion Roberto Fata, DiMi Telematics International (DIMI) stock has bounced like China’s Dong Dong for the Gold Medal. After dropping from nearly $2, DIMI stock found a home and gained 930% in the process. Considering there has been nothing else to do but scalp while bag holders try to average down, it seems the best place to pull a “Kriss Kross” trade for a Monday session.

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DIMI Stock Chart

Last Trade: 0.134, up 0.0565 (72.90%)
Volume: 7,698,532
Open: 0.099
High: 0.135
Previous Close: 0.0775
Trades: 550

Amazing activity for a Monday considering the 5 Day moving average is 0.0534 and the 5 Day average volume, 7,243,316, has already been passed.

Bottom Line: The penny stock can only bounce so long before the springs break from the 800 pound gorilla.

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