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I'm not worried about the low volume. Look at where it went when they announced the FDA clearance and the stock went up 12,700%.
Volume will come in due time. Besides, I don't intend to sell any of my shares for under 50 cents/sh. If it hits 50 cents I'll sell some but still keep a core position for a buck or more.
Buy low, sell high.
Two up days since Aug 30th.
All the rest have been down days. This was very difficult for me to hold. I participated in all the down days except today because I sold all my shares on the opening bell this morning at 20 cents.
In my opinion the poor stock performance is attributed to all the insider selling, thus holders like myself to lose confidence in the company. It was hard for me not to ask myself, "What do the insiders know that I don't?"
The job of a good CEO is to create shareholder value. I wasn't feeling the love.
Anyways, in my opinion, a good quarterly report could make up for all the pain and suffering of all who are holding this. I will buy back in if I like the report (i.e. see improvements across all the fronts that matter most to me).
I'm anxiously awaiting to see it. Certainly revenues will have increased over the previous quarter, but I'm looking to see at what costs. I don't expect them to turn a profit, but I am looking to see a decrease in net losses on a percentage basis. If that doesn't happen, I think I will continue to stay on the side lines until more positive developments arise.
I agree. This company has a lot going for it and a huge amount of potential. I only got out of TRTC today because in my opinion the stock is dead money now, at least until they file their next quarterly report. And I'm seeing a lot of missed opportunities elsewhere in the stock market. So I chose to go where the action is. I need to keep my money working for me.
I intend to get back into TRTC if the Form 4's stop rolling in. Chances are though I will wait until they report their numbers. If their quarterly report is as good as the the retail investors are hoping, this stock should start a new direction. And that is up. And it's easier to make money on a stock with upward momentum than downward momentum. It takes a lot to stop a moving train.
Just my opinions.
Best of luck to all.
Yep it certainly doesn't instill confidence in the retail shareholders. On the flip side though if the insiders were buying shares on the open market this stock would soar.
But what company insiders actually "pay" for stock anymore? And I'm not talking just Terra Tech. Very few and far between. Insiders don't mind selling on the cheap if they were gifted the shares. It's still a huge net gain for them.
More insider dumping...
I currently hold a long position in TRTC and I'm a believer in this company and its potential. But the relentless insider selling is really getting old and taking its toll on the share price.
After hours last night more Form 4's were filed by the director Ross and DP's wife.
1,592,870 shares were dumped by DP's wife last week from Monday through Thursday, and Ross dumped 200,000 shares on Friday.
The good news is DP's wife only had 56,577 shares remaining after she was finished selling on Thursday. So most likely those are already sold too and we'll see the Form 4 for that today or tomorrow.
Once all the insiders are finished selling the share price should be able to start moving up again. But when will that be?
I decided to wait on the sidelines until the Form 4s stop rolling in. I put a sell order in at the bid so it should execute when the market opens today. I figure if 20 cents is good enough for all the insiders it's good enough for me too. They probably know more than I do regarding their business anyway.
There are just too many other fast money making opportunities out there. I plan to put the proceeds into a higher Beta stock. I need more action.
I will continue to closely follow Terra Tech. I think it has a lot of long term potential, especially with California recreational coming online in a few months.
My plan is to buy back in right before they post their next quarterly results, assuming the price is still around 20 cents or less. If the stock runs up quickly before the report comes out then I will just wait for the numbers before I make a decision to buy.
Often, the retail herd expects too much because they don't fully understand how businesses really work. So they might still punish the stock even if the company meets or exceeds analysts expectations.
Best of luck to all the faithful longs still holding!
And you're hilarious!
I'll oblige. I pronounce ALRT the stock of the century!
j/k... but ya never know.
LMAO!!!
My first purchase was at 10.5 cents, but then I loaded up again at 4.8 cents/sh. My cost basis for ALRT currently sits at 6.21 cents, but I plan to lower that even more in 3 days when my funds clear with the broker (and assuming I can buy more at 6 cents or less).
However I am willing to pay more if I have to. I've been burned too many times before in the past waiting for a stock price to come to me. Sometimes they never do even when the charts scream that they should, and I miss out on huge gains. To me, missing out on fast huge gains is more painful than watching one of my holdings bleed lower for months on end.
One never knows when a penny stock will decide to go on a rampage and trade higher for 5-10 consecutive days or more and end up 5-10x higher. I want to be fully vested if or when that happens.
I'm willing to wait a few years for gains like that, but it sure is nice when it happens in a matter of days :)
I agree. I never use a stop loss with my trades. The market makers see all those stops and can take them out at will. Best to leave them guessing what the investors/traders plans are rather than give them a heads-up advantage like that.
I have my broker text me an alert when a stock I hold or follow hits a predefined level. That works good enough for me. Simple enough to place a 1 or 2 minute trade with my phone app.
I'm not expecting them to be caught up on their financial filings for the SEC within a month. Just one SEC filing can take an accountant much more than a month to prepare, and they are behind more than one report. They also still need to raise the cash to pay for the CPA.
That said however, I am expecting them to release more details on their marketing plans, possible sponsorship, etc., within 30 days or so.
Just my humble opinion.
I agree. The stock dropped today but on insignificant dollar volume.
I transferred more funds to my broker and in 3 days after the funds clear I plan to add more shares of this bad boy. I'll even pay 20 cents/sh if that's the price in 3 days.
A year from now anything under a buck could look like a steal.
My opinions.
I concur. Nice post!
Thanks Maverick! This answers my question to Pell in my previous post. I should have read your post first lol!
This thing is certainly coiled and ready to pop. But no telling when. I'm hoping to see some positive upward action leading into the quarterly report. But so far not much happening. Hopefully the next quarterly report doesn't disappoint.
I'm not expecting too much. I still expect them to report negative earnings on less revenues than the same quarter a year ago. But I will be happy if they report continued reduction of debt along with a decrease in the percentage of net losses. I'm also looking for growth in revenues over the previous sequential quarter. If they can do that, at least that would indicate to me a trend in the right direction and worth hanging around for another quarter.
In the meantime I'm still holding 450k+ shares at an average cost of $0.0203/sh and patiently waiting.
I started accumulating ICLD on 3/23/17 before the 1:4 reverse split, and I have been dollar cost averaging down since then. My last purchase was on 8/30/17 but I can't add any more without throwing my portfolio allocation out of whack. Still need to stay diversified.
But I'm comfortable with my current position in ICLD and still expect to sell one day at many multiples of my average cost. However my attitude will change if their next quarterly report doesn't live up to my modest expectations listed above. I have a lot of patience but there is a limit to it lol.
I haven't been following this board much this month since I quit adding to my position. So I don't know what ICLD's current OS is. Last I have is 371,909,360, but that was as of September 9th. I meant to call their transfer agent today but didn't get around to it. Would you or anyone else here happen to have a more current count?
Thanks in advance and best of luck to all the longs still here!
Clay's charts use 30 minute time intervals between the candlesticks, so they won't look like the daily candlestick charts for ALRT.
In a nutshell, ALRT did indeed close at $0.0468/sh yesterday. And just a few trading days ago prior to the FDA clearance news it was trading at almost no dollar volume at prices around $0.0012. It was a dead do nothing stock.
This stock went up around 12,700% with real dollar volume when the FDA news broke on the 19th. The stock has since pulled back some but it's currently trading up over 6000% from the pre-FDA news price of $0.0012.
Crazy price action for sure!
Thank you! I'm really looking forward to how this thing plays out over time.
I think ALR can be trading at many multiples higher than 7 cents within a relatively short time frame. I prefer a gradual approach to sustainable gains vs. up too fast with very little support.
Best of luck to you!
Nothing wrong with realizing a gain. That's what we're all here for in the first place.
However, I'm going to hold out for more. MUCH more. Call me greedy ;)
Per ALR's transfer agent the float was at 88,471,169 shares. That was as of last week September 20th when I contacted them.
Issued was 242,777,909 shares and restricted was 154,306,740 shares.
Give it up. Face it, you missed the 57% pop today. But so did I because I didn't sell any of my shares today. You only "realize" a loss or a gain if you sell.
But I'm not going to settle for peanuts. A year or two from now this could very well be trading in the dollars range instead of pennies.
My opinion of course.
I'm well aware of that. This clearance is for the insulin dose adjustment feature to the original device that they applied for last December with the FDA.
In my opinion this addition is what sets ALR's monitoring system apart from the competition's.
And watch this stock stair step higher as they announce details of sponsorship, product launches, SEC compliance, etc...
Lots of upside here in my opinion, with less risks than most stinky pinkies. This FDA clearance is a game changer for ALR.
10 cents by EOD would be nice if I were trading this. But for me it would just be a paper gain.
I have no intention of selling my shares any time soon. ALR has monster potential! I plan to hold on to this for the big payday.
Watch and learn! Obviously you must be new to all of this. Do you even know who the FDA is and what FDA certification means?
Billions spent every year on diabetes. Do you understand how huge this market is and the potential now for ALR?
Best though not to mess around with penny stocks unless you have the stomach for wild price swings. It comes with the territory.
LOL! You must be standing on your head... where up is down and down is up.
So you missed the boat and now want to put a negative spin on today's great news... LMAO!
Perhaps sponsorship news coming soon? That would be the icing on the cake.
Funny how you failed to hi-light in red the important phrase "at this time". Why is that? Seems a little suspicious to me.
Who cares? I would be all for this company selling shares to raise the funds necessary to become currently listed. In my opinion that would be a good cause for a little dilution.
At any rate, FDA certified products with more good things in the pipeline. People holding this stock at these levels will be rewarded one day assuming they don't let the naysayers get to them.
Remember, it's buy low and sell high. Not the other way around as the ones touting SELL SELL SELL would want you to believe. Funny how they come out of the woodwork on a down day and you never see hide nor hair of them on an up day. It speaks volumes.
Know what you own.
Nah I'll just hold and if the stock gets suspended when it comes out of suspension on the date they become current with their filings I'll watch the stock soar another 500-5000%.
But by all means please sell and move along.
PS: The black font is actually easier to read and easier on the eyes than the red font.
My opinions of course.
.01 you wish! Obviously you missed the big run up and want to get in cheap now. But a nickel is a pretty good discount from the 14 cents a couple of days ago. A decent entry point in my opinion.
I agree with you. Still like the chart. I'm in for the long haul, plan to buy more on the dips.
I know what I own.
Exactly!
The problem with extracting nicotine from the tobacco is that it changes the quality and taste of the tobacco. My money is on 22nd Century's tech.
I've been averaging down but I think I'm about finished accumulating ICLD shares. Now it's pretty much wait and see what happens over the next couple of quarters. Hopefully they can execute and get this puppy to positive cash flow and positive net income.
The share price is ridiculously low so I think investors have already priced into the equation that ICLD won't and it'll just be more of the same BS. BUT... if ICLD can get their act together their stock could soar. Or at least that's what I'm hoping :)
Lately, watching this stock has been worse than watching corn grow.
Nevada SOS info is dated. The transfer agent will ALWAYS have the most current and accurate information regarding share structure. This goes for all stocks too. Always contact the company's transfer agent for the most up to date info.
The Form T trade is shown right here on iHub... 33,300 shs @ $0.0949/sh.
One can hypothesize but no one really knows. The market will determine the price. It's only worth what someone is willing to pay for it, as with all stocks ;)
Not necessarily.
At $4.12/sh theoretically. $1B/242,777,909 shares OS.
My opinion.