Thursday, March 02, 2017 10:52:38 AM
As I said before, I own a small position in Lifeloc. I want to see it prosper. Right now it appears that the marijuana stocks are in traders hands, not investors. Maybe this pull-back is a buying opportunity. I have to admit that I tried to buy CBIS this morning at the open, but could not get my order filled. I didn't want to chase it, but had it been filled, I'd be up almost a grand in just half an hour.
Lifeloc is still a company I feel comfortable holding, despite the large swings in share price. It could easily go back up 8 dollars on 1000 shares traded. And yes, I agree that whatever political things occur in regard to marijuana, the breathalyzer stocks theoretically should be immune - and maybe even prosper.
If you compare Lifeloc to other companies like Cannabix and Cannabis Science, you will see that CBIS and BLOZF sit at multi year highs, whereas Lifeloc is barely at 12 month highs. So yes, I think once Lifeloc gets it's legs back, we could easily, and very quickly be in the low 30's - which would put it's chart at par with others in the sector.
Please know that I always look at both sides of a trade, understanding both positive, and negative stimulus can make, or save you a great deal of money.
Right now, we have the near term stimulus coming in the next few weeks of Lifeloc's Annual Report. I don't expect any exciting news financially. As a matter of fact, I believe their revenues had fallen last Quarter, but that is not what investors will be looking for. What we will want to see is some indication on progress of Lifeloc's marijuana breathalyzer.
Best of luck to the three of us, as we may be the only 3 retail investors in this stock. She's wound up tight, and a little news will go a long way....
Recent LCTC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:14:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:46:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 02:57:07 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 10/23/2023 02:57:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 09:11:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 09:26:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:21:40 PM
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