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So what changed since last week to warrant a 8% sell off in the first hours? Somebody die? Assets were lost to the storms? Board member arrested?
Nothing. There is no recent news either good or bad.
But there is plenty of old news both good and bad.
Anybody believe any of it impacts this company today?
And today's chart you could trace and put over several in the past. Most likely yesterdays would fit just fine.
Head Faint right off the bat followed by a drop, a modest recovery, a lull, afternoon drop, a recovery, another lull, and a sprint at the end.
Manipulation absolutely. Just enough to get a couple of pennies per share.
Although Terra tech has matured the market it finds it's stock brought and sold in is still the wild west and there is no sheriff since deregulation has been sold as something individuals need.
What a laugh. Let's ban bank vaults next. Just have the cash offered up like tomatoes at a supermarket.
Just an inch off the top, please.
Expectation and prediction only works in a rational market.
The powers to be will drop the stock until they see increased volume in sheep sales, probably around .38 and then cool it until 3:30 and get the price up for the next day of shearing. Maybe back to .42
Perfect stock for a day trader.
Decent stock for an investor willing to take a risk.
Terra Tech will prevail - eventually and I will remain invested in the company until the dream is realized.
The DEA will not be a sure thing. After reading a VA study on their web pages, I am not so sure the VA leaders approve MMJ as much as I originally thought. I still believe it will relent but when - I'm not sure. My generation still has a bunch of folks who think MJ is the same as Heroin, smoking anything but American tobacco is subversive, and Medical and MJ will never be used in the same conversation.
The conversation Terra Tech had with Sleek on the face book page was a problem for me. I heard in that exchange that the product flow was not there yet which worries me about the next quarters financials. But it makes sense. A business does not start up and immediately profit. It can take months to years to become profitable. Even the IRS recognizes this and allows a company to declare a loss for I believe it's 3 years, if I remember.
So may be the real upward energy in the stock will happen after the November elections. After a new Supreme court pick. After the profits can be realized fully. Folks here say accumulate on the dips. That may be a good idea if the dip is at the proper level.
Looking at the profits from last year may give you the low and factoring in reasonable profits this year will give you the high. Last years finacials did support a .15 share price.
This quarters numbers may give us the fundamentals to support a share price we can expect for now and forecast forward.
BTW - take a mini vacation from this craziness. It's hot at the beaches!!
Bull done - this was fun - took a while to remember I stopped doing this for a living over a decade ago. - just can not figure what to do with it. I was thinking of a IVXX brand on it's butt or a Terra Tech hat. What do you think. Figure I'll animate it and send it to Terra Tech.
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Not fun. Got everything back with a few extra shares. Definitely not worth the effort. I think I'll take a week off and watch my grand kids in Florida.
Where do you see any legs up? I can not see any.
This does in the supports at the .40's and the support level could be as low as .28. I hate to see this.
This does in the supports at the .40's and the support level could be as low as .28. I hate to see this.
Never would have thought it would but it hit a very generous sell signal. Adios for now
99.99% one day this year.
I'm sure I own shares in a possibility. Beyond that -
That is a problem when the business has to go state by state. Until the federal Government steps in and legalized medical MJ it will vary extremely from state to state. I'm sure states like SC or Miss will one day allow medical MJ but one wonders what conditions they may place on it. Could get very interesting.
I have to go, but I have to say this what I have been ineptly trying to say for a while. Thank you for taking the time to clearly lay out the benefits of holding shares in this company. It just is the smart thing to do until these events settle out.
Thanks
So we lost almost 9% and we are still above Clay's 200 Moving Average. Terra Tech is a beast!!
My expectations for Terra Tech are fairly simple.
1. I expect to hear positive earnings this year from Terra Tech.
2. I expect the DEA scheduling in July to be at least schedule II
3. I expect the population to vote this year in several elections that will change the outlook for the Cannabis Industry in a positive way.
No matter what the the long promised PR's say or don't say it ain't worth squat without positive results in these three events. And if we get a trifecta then we stand to make some decent profits.
So don't let the idiots scare you off. Wait until at least the DEA decides.
Better buy some now - while the bottom is still in sight!!
You mean Terra Tech is diversified? OMG, Isn't there a shot for that? Is it catchy? If Derek keeps it up he might try to launch a rocket or get a self driving vehicle!! Or , God Help Us, a fitness watch!!! The downfall of mankind is at hand!!!
I know. Oh for the easy money of the 90's. Heck we were all geniuses in the 90 market until the tech bubble. Well maybe Terra Tech can go the distance if they just walk and don't run. One foot firmly planted before lifting the other. It appears that is how they are approaching things.
Wish I was around for that split- sometime in the nineties right?
I was in the military having a ball. I remember a few splits then but that's another time and world. The only stock I paid attention to then was usually behind a bar.
Not sure your perspective is correct. But I may have the same perspective if I had rode that horse. I honestly the time and the company is ripe. I'm not sure when I'd sell but I will always set loss limits on the way up. If the DEA doesn't act this year I will act and go back to the sidelines until the time is right.
I'm not sure what's happening, either one of you could be correct. But what do you see with these routine course corrections at around the same times each day? Seems to me this stock would be a day traders dream. But then I really don't know.
Ain't "Big Mo" Grand!! I brought it years ago when I first thought of the possibility of a cannabis sector. It's one of my favorites.
I more than doubled my original investment with TRTC. I'm happy enough to wait out the DEA this year.
I think you are right. The only thing I still wonder about is Obama's lack of action. "States rights", is not something you normally hear from a Democrat. If the DEA fails to act I will probable punt and go to the sidelines for a while. The pink sheets is not a place to have idle capital.
Absolutely, I hope we are pushing a dollar when it is announced. Then Derek might be able to skip the R/S.
By the way, I enjoy your reasonable posts.
There is no investor here that has not considered all the filings.
What part of that sentence is confusing to you?
Your Point?
Getting up listed will not happen until the Schedule status changes.
It would be stupid to try to jump in the NASDAQ with a brand new offering until the banking issues are resolved. I could not imagine how the financials would be reported unless all the profits are legal under federal law. So all this BS about a reverse split is just that - BS.
Now when The DEA drops the schedule and the federal laws allows for bankable profits then is when I'd be wondering about a reverse split.
A R/S to uplist is fine by me. Might migrate up and down a bit but I believe anyone who wanted to invest in the new Cannabis sector would naturally move to TRTC on the NASDAQ rather than any other stocks in this quagmire.
Additionally, if Derek wants to get in the NASDAQ then diluting beyond reasonable requirements would not be something those folks would like to see. Above board is what I'd expect for now from Terra Tech until up listing.
Theme song - "Stairway to Heaven"
With 99.99% of the stocks you would be right 80% of the time. Unfortunately, large events in the market are only judged large well after they happen.
Coulda, Shoulda, Woulda for a penny stock is silly. Jump in, sit down, buckle up and enjoy the ride.
Regardless of what anyone says Terra Tech is a legit business with products on shelves and a future that may reach the top of our shoes or the moon. Who knows?
MUMMMMM love that smell!!!
Maybe he has super speedy fingers!! Heck I don't know I just know that time period was intense, fun but intense and I sure wish I had reacted quicker. Could have got some free shares
Thanks for the correction. You are right.
You mean just before it hit that .74 spike? I don't know enough to trade in the penny stocks. You are right a great exit would have been there with a buy back in the .30's. Wow that would have been a kick.
Grow on site, using clean hydroponics and 50% less water and no chemicals. Testing on site. Medical now, Recreational waiting in the wings. Control wholesale and retail. The "clean" aspects of their methods alone will be huge in selling themselves to the various states as each opens up.
Guy, I think we have a winner.
This is great news. They test on site. Seems like there is another business opportunity. Testing alone could bring in a ton of business.
Thanks for the info
Read up on TRTC. Seems like my investment at an average of .23 is working quite fine. Could be a little better and could be a lot worse.
You guys should cut down on the theatrics- The SAG could start charging you union dues!!
15:30 train will be coming soon which way it goes I don't know but I'm betting to about .485
What is laughable is the amount of small money spent to drop a stock that just doesn't want to drop and the tiny bit it takes to get it back. Must be frustrating.
Yep, the 14:20 is leaving the station. Same time every day. I'll skip this train and catch the 15:30 instead.
Folks to get a herd moving you need more than a pop gun.
The volume tells it all. Sit back and watch the finger of the Gods kick it above .49 and drop it below .50 with just a slow ebb of volume. What a laugh.
Can't you picture the guy sitting at his desk, chatting with the other boys and occasionally dropping a sell or buy to keep the price in line?
Like dipping an oar in a lazy river for a slight correction before getting back to day dreaming.
Amazing how manipulated this market is.
If I wanted to play with folks who rely to much on the level II board. I could when volume is very low place a 200k bid and cancel it right when it begins execution. I'd get the effect of a large bid but with only a few shares.
The only rule that applies is "If it ain't broke, don't F(ix) it up."
What a laugh - hobo you really are a card. Looking for honest men in the corporate world. Now that is funny.