Sold $CDTI; Bought $DCAR

Sold $CDTI for a tiny loss. Mostly flat trade for me. Sold since there has been very low volume the past several days and it seemed like the bids were getting taken out. At close of today’s session, stock closed at 50¢ support. If that breaks, there is no telling how low this one goes. 

Moved those funds over to buy 6,000 shares of $DCAR at avg. price of $1.12. Will swing this for a pop unless I get stopped out. Terrible long term chart but has a history of pops on PRs right after a big drop. Playing my odds here. 

Update 8/8

Just like I had thought, $CDTI broke the 50¢ support today and closed more than 9% down on the day. No telling how low it will go before bouncing. $OHGI, which I had sold flat earlier, also took a dump today and printed 20¢ as the day low. Closed -16% on the day. In hindsight, getting out flat on those swings was a good idea. 

$CDTI - daily chart setting up

$CDTI chart setting up on the daily. Looking for the EMAs to start crossing in the next day or two. If they do, early next week should be interesting here. Insiders loaded big recently. Could pop on volume. Still holding all 9,500 shares. 

Sold $OHGI, bought $CDTI

Sold $OHGI for a measly scalp - wasn’t my plan but buying stopped on volume and I didn’t want to be left holding a bag - so booked gains. 

Bought 9,500 shares of $CDTI at 52¢. Very speculative setup. They recently did a raise at 50¢ and my thesis is there will be a pump or some news announcing the close of financing. 

Just small position since IB account still remains only partially funded.