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Love this thing when it's tradable.
There's nothing to suggest short covering.
ARCAlol
Most likely it's more insider buying to subdue bagholders. They've done this time and time again...and pps inevitably heads lower.
Rough thing is - for all we know, shareholders are providing the funds for these promo buys (Steve Vende Verde? How much did TRTC pay him for nothing last year?
Insiders have nothing to lose, but enjoy all the benefit of shareholder losses (the overarching theme of TRTC).
Need to see a big volume break at .41 resistance to hold the trade.
Likely going to be a tough level to move through.
Good luck folks. Don't get trapped!
My position has always been the same: the company is organized and operated in a way that enviably destroys shareholder value. That being so - TRTC, like nearly all penny stocks - is not a viable long term investment. It is a trade.
We explained this when we alerted our original exit at $1.39 along with our downside target alert of .10.
They don't call it THE bagholder stock of the cannabis sector for nothing.
Thanks our entry alert at .14 was followed by an exit alert at .39, so not +200% but close enough.
This is a trade, not an investment.
Not sure? See the S-3.
Quick flips or not - no one is going to leave profits on the table and get caught holding when they increase A/S and move forward with that nasty split.
Don't get trapped.
What a disaster. I've never seen a company display such wanton disregard for shareholders.
If TRTC wasn't the biggest bagholder stock in the cannabis sector it would have no support whatsoever at all.
It's a shame.
SHARES FOR SALE
Sorry folks. Time to unload.
lol Desperate Form 4 promo effort - and it was filled out wrong.
Sad how every time there is insider buying it's blatantly for the purpose of subduing angry shareholders. Extra sad is that TRTC shareholders are more likely than not the source of the funds used to purchase those shares in the first place.
Steve will be losing money on those shares in no time.
Just snagged a few to dump in the morning. Who's with me?
Bagholder stocks only go up. Even when they're going down, they're still going up.
Great day to sell some KSHB.
Although it wasn't a bad report overall (although there appear to be a number of errors), it certainly calls into question the sustainability of the the stock's price over $1.
But hey - the company isn't losing money hand over fist, so that's a good place to start.
Congrats to the profit takers!
Oh it gets much worse than that:
We mustn't forget...TRTC is well known as THE bagholder stock of the cannabis sector.
Novice "investors" with no real knowledge of the financial markets got excited about cannabis stocks way back in 2014, loaded horrifically expensive shares during a period of vast pump & dump promotion, and have been trapped ever since.
After years of watching these unfortunate investments plummet in value, the reality of the stories surrounding these stocks has become something to ignore, not to acknowledge.
Even the future shareholder carnage that is blatantly spelled out in official filings is as if it doesn't exist.
It is and always has been the case that bagholder stocks are always the most adamantly promoted stocks on the market...naturally so.
It's a shame to witness MMs successfully manipulate novice market participants with such ease.
I would feel a little guilty from capitalizing on this sort of thing myself, but I'm here spelling it out loud and clear despite my own trades...so I'm not sure what more I can do.
TRTC is a blatant trap for anyone doing anything but taking profits.
Not only does this not make sense, it's inaccurate...and impossible to boot.
That's why it shouldn't be a surprise to anyone when the stock gets suspended.
It's coming.
The last stock I said this about was PHOT...and we all know what happened to PHOT.
AM pop & drop as usual. Headed lower.
lol The financial markets don't care about "420."
Supposedly TRTC's dispensary in the HOOD of Vegas opens on 4/20 but that isn't a reason to own shares because it's all been priced in.
Historically, TRTC loses 20-30% of its share value the week of 4/20...all despite the hype.
This stock is headed lower. Stepdown pattern was confirmed and holy ish that S-3 spells absolute carnage for positions over .20.
Always take profits/Never get trapped.
lol Because it's a pump & dump and the deal just closed/S-3 just filed.
The dump/dilution will destroy pps just as it did last time the stock ran (and the times before that, and before that).
That's why the key is - ALWAYS TAKE PROFITS.
Never get trapped holding a penny stock folks. TRTC is not special - it's a perfect example of why investment finance professionals are always warning new investors to stay away from penny stocks.
Next entry target for mid to long-term positions is .14-.18.
The stock is overvalued down to .07, but taking into account TRTC's status as THE bagholder stock of the cannabis sector, there will inevitably exist some artificial support - largely due to the vast number of investors holding a loss too big to sell.
Trade smart folks.
Congrats on last week's exits!
It's headed so much lower.
Sorry to say it...but it just is what it is.
I guess we could argue the term "fair" is subjective so...what may seem "fair" to one investor could seem horrifically unfair to another.
I would argue that the ownership of expensive shares has a strong positive correlation with the determination of fairness in this case.
Nothing about it is "fair." Not to say we should expect anything more from TRTC, but regardless of how we look at it - shareholders paid for the entire deal and lost both 37% ownership AND 50% of the profits...
Throw in the gnarly teeth in these recent filings and I think we'd be hard-pressed to find a neutral party willing to call anything about this deal "fair."
Good luck.
It doesn't seem all that far-fetched considering the board of directors has a long history of being subject to investigation and charges for various alleged illegal securities transactions now does it?
It's unreal. THE AUDACITY of this company is unmatched.
Such a scary thing to watch how easily folks get had by these penny stocks...as if there aren't enough warnings out there.
Shareholders funded the whole thing yet the company is GIVING AWAY 50% of the profits for 3 years (at which point they'll likely sell the company back and somehow convince shareholders it's a good thing).
lol
It's laughable because of how absurd this entire company is insofar as viability as an investment goes.
There is no value for shareholders whatsoever at all. I'm sure DP et al really appreciate everyone's donations though.
Don't fall for this nonsense folks. TRTC is nothing more than a pump & dump.
Most. Expensive. Merger. Ever.:
S-3 carnage will be the dominant force here for the foreseeable future.
The recent news made for a cakewalk trade. But as we expected, the details of this merger have painted quite a startling picture insofar as shareholder value is concerned.
Since we first got wind of the costs associated with this merger, it became evident that the whole deal comes at an absolutely horrific cost to shareholders. The scariest thing about it though, was that was our assessment BEFORE this terrible little nugget came to light:
UNBELIEVABLE.
Really happy with our decision to exit completely at .39.
Flip it...but to us, this merger is proof that TRTC is nowhere near investment-worthy at this point.
I'm honestly flabbergasted by the audacity of TRTC...especially considering the company has been battling its image as an "insider enrichment scheme" for years now. Why make it so blatantly official?
Don't be fooled folks. ALWAYS TAKE PROFITS.
S-3 - OUCH
Excuse me but that is NOT the topic of discussion on this board.
lol
TRTC continues to trade precisely according to our projections.
Congrats on the exits this week folks! Don't get trapped!
TRTC trading likely HALTED for MORE alleged illegal insider transactions...just got a call. If this is true, there will be carnage.
LOL @ the suggestion that levels of resistance are somehow subjective, or real vs. fake. It's a pretty simple concept that's illustrated indisputably by the chart. Until it breaks and becomes support it is...um..."real resistance."
lol
None of that is even remotely accurate. In fact, the opposite is true.
Pretty simple stuff. Not sure what happened.
Complete volume death on the buy side.
When a penny stock drops on 3mil volume only to bounce on less than 500k...that is a clear sign of trouble, so don't be fooled.
Dilution or insider selling - Both things we know this stock is plagued with.
The jobs of these MMs is to FOOL retailers with this type of manipulation. Get ahead of it - Don't get trapped.
I didn't go ALL IN AT .80...but if I had, I'd almost be able to convince myself that was possible.
SECURITIES FRAUD BLOG: (TRTC, Michael Nahass) FINRA ANNOUNCES SUSPENSION, FINES
The unprecedented amount of recent insider selling seems incredibly risky when when know FINRA/SEC has eyes on TRTC.
Evidently there are lawyers seeking to file a class action lawsuit?
http://www.stocklaw.com/Securities-Fraud-Blog/2016/January/Michael-Nahass-Fined-Suspended-for-Undisclosed-O.aspx?Mobile=false
Most. Expensive. Merger. Ever.:
The recent news made for a cakewalk trade. But as we expected, the details of this merger have painted quite a startling picture insofar as shareholder value is concerned.
Since we first got wind of the costs associated with this merger, it became evident that the whole deal comes at an absolutely horrific cost to shareholders. The scariest thing about it though, was that was our assessment BEFORE this terrible little nugget came to light:
UNBELIEVABLE.
Really happy with our decision to exit completely at .39.
Flip it...but to us, this merger is proof that TRTC is nowhere near investment-worthy at this point.
I'm honestly flabbergasted by the audacity of TRTC...especially considering the company has been battling its image as an "insider enrichment scheme" for years now. Why make it so blatantly official?
Don't be fooled folks. TAKE PROFITS.
Wow. We nailed it!
Congrats traders!
Wow. There sure is a lot of confusion surrounding ARCA.
I'm extremely interested. Mind elaborating?
As has been so conveniently proved in the last hour, levels of resistance aren't somehow subjective, or real vs. fake.
It's a pretty simple concept that's illustrated indisputably by the chart.
Until it breaks and becomes support it is...um..."real resistance."
lol
Quite a few failed tests at resistance there guys.
Hard to believe insiders could be dumping even more shares, or maybe there really is that much dilutive selling - but either way, the aggressive manipulation is surely raising some eyebrows.
This is quite risky, frankly, considering we know FINRA/SEC have eyes on TRTC due to their investigation/suspension/fine of TRTC exec.
Would be nice to see that big volume breakthrough at .41 to continue the trade...I'm just not sure there is enough interest at these prices and we've already traded through every significant foreseeable catalyst.