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Do not buy in the first hour on Monday.. Wait and see the trend first. You might be able to buy more shares for less money.
My average is now at.61 because I doubled my shares over the last 3 days (which I now know was a mistake). I got greedy and wanted to win big. I was at .48 before that.
My new plan is to wait for what I think is the bottom between Monday and 16 June, and buy 50% more.
I know it is a big risk, but I'm here for the long haul. I'll make a bet on a cultivation permit.
I want a low PPS and this is my opportunity to bring it down for my long term hold plans. I will admit the next time I see a big spike and I'm up 38 percent like I was early this week, I will sell some percentage of what I hold. Lesson learned.
That is not true. Even "IF" TRTC gets zero dispensary permits there is no need for panic. PPS will fall, but June 17/18 64 Cultivation permits are up for grabs. "IF" TRTC gets no dispensary permits, PPS will fall, and that is a great time to add shares. Sixty Four cultivation permits vs only 18 dispensary permits. Cultivation TRTCs main business with veggies. And hydroponics uses less water, a great selling point in NV.
Even "IF" TRTC gets zero dispensary permits there is no need for panic. PPS will fall, but June 17/18 64 Cultivation permits are up for grabs. "IF" TRTC gets no dispensary permits, PPS will fall, and that is a great time to add shares. Sixty Four cultivation permits vs only 18 dispensary permits. Cultivation TRTCs main business with veggies. And hydroponics uses less water, a great selling point in NV.
I just made a buy. Even if no dispensary permit is awarded, cultivation and production permits in the wings. TRTC in great position for cultivation.
18 Dispensing permits
6 Laboratory permits
42 Production permits
64 Cultivation permits
If no dispensary permit we are STILL good to go! There are more production and cultivation permits on the table than dispensary permits. TRTC is better positioned for cultivation.
All I am saying is that if no dispensary permit and PPS drops drastically, then BUY more shares for the cultivation permit process.
Am I correct this current hearing is ONLY for dispensary, and the lab, cultivation, and production hearings and decisions will occur around 15-19 June??
Under .60? Put down the purple acid.
The 6 minutes was just the public face. There is also a document package submission with more information than 6 minutes of speaking can cover.
90 percent down the drain. Will you chase it to try and buy back, or just have regrets?
Yes, I do have a lot to be thankful for. I am happy enough with my .59 average, and that TRTC is "likely" to get "some" permits late Fri or Monday, and that will cause another run. And if NO approvals, PPS will drop and I will buy some bargain shares for the next go round.
Rory Reid was there for yesterdays TRTC presentation in the first 2 minutes. Rory is another sleazeball politician, but he is VERY connected in the city, county, and state, and daddy Harry Reid is US Senate leader.
TRTC greased the political sleazeballs "just in case". I think the political aspect was well covered. I usually find the Reids generally disgusting, but I am glad Rory greased the skids.
I wish I knew when we will reach .85. One month to 12 months? I'm in for a long ride. The sooner the better though. I have great hopes for the dividend of VCIG as well. One for one "free" shares of VICIG is one on the top reasons I am here, along with full reporting and zero debt. I'm also on 3 other stocks I am willing to discuss on private messaging.
What I want to do is at some reasonable point is to sell enough VCIG/MCIG to recover my cost basis, then ride the "house money" for the long haul of several years.
I'm 58 years old, retired early with a pension, full time RV traveling around the country, and can't touch my IRA for another 1.5 years without tax penalty. I need another 10 - 15 percent income per year to live the way we want to. The IRA, stock plays, and eventually at age 62.5 to 67 years old social security will do the trick. The toughest times are now for the next 1.5 years when I can access the IRAs.
I'm not selling until .85, then only 1/4 to 1/2.
I just posted this in response to another question, but this is what I think is happening:
My guess is impatience waiting for the dividend is leading to sales, so people are taking profits, and also there is selling in order to chase another stock that is super hot the last 3 days while it's waiting on county level approval in NV.
I'm holding my MCIG shares and also have shares in the stock being chased.
By the way, I'm retired USAF E-9. How about us old retired vet's investing in the MJ stocks? I'm pro full legalization, but a non user since high school. I thought MJ would be legalized decades ago. I was wrong.
My guess is impatience waiting for the dividend, taking profits, and selling in order to chase another stock that is super hot the last 3 days while it's waiting on county level approval in NV.
I'm holding my MCIG shares and also have shares in the stock being chased.
Thank you for the history lesson. Should be pinned at top.
Dividends, retail announcements, advertising will overcome. Sure it will drop when the dividend of VCIG kicks in, but the dividend and the IPO run will outweigh the MCIG drop. But it's all good if MCIG drops below .40, I'll be buying more for the long term hold.
Run off to the other boards where you are shorting and spreading your "cheer".
Good plan. I'm in.
I also have a established hold on the other stock that had a wild week. I got excited and bought some more above today's close. My average is still showing overall gains though.
Maybe Fri / Mon it will run again. On MCIG, if it falls below my .42 avg I'm buying either more MCIG or VCIG if it's IPO is out.
Or perhaps not check the PPS until the retail sales announcement, or the dividend, or the MCIG 3.0, or the next earnings report.
There is a lot of impatience in this sector, myself included. I think the falling PPS is due to "late" dividends, and some selling profits to reinvest on a MJ stock awaiting NV county level approval (I have some of that stock as well).
If MCIG PPS falls below my average of .42 I'll probably buy more. In the long haul it will payoff.
It's good he's helping with approval, but how is he going to line his pockets by doing so, and how much will it take out of the pockets of shareholders? I just don't trust him given his background. I hope the board is very careful in dealing with him.
I'll do a search for that (Alan Brochstein). Do you have a link handy?
Any chance you know who HC did call or have a link? I do have Private messaging if you have it as well and don't want to reply public.
I'm on limited band width out in the boonies. Couldn't watch the proceedings. Saw a couple of comments on here that Rory Reid was there. Plan to google it in a couple of minutes. Can't stream video here though.
I don't think that was Rory Reid. I sure hope it was NOT. The further we keep corrupt politicians like Harry Greed and Rory Greed away from our company the better. Those two have been involved in MANY corrupt land deals and swindling of land owners and investors.
Not everyone shorted the stock as deeply as you and have become as desperate and manipulating trying to recover from bad decisions.
I don't think that was Rory Reid. And the further we keep corrupt politicians like Harry Greed and Rory Greed away from our company the better. Those two have been involved in MANY corrupt land deals and swindling of land owners and investors.
Profits from the thirties? The same thirties you said we would be at right now in early June? The same bog pit thirties you said TRTC could NEVER climb out of? Bwahhhhh haaaaa haaaaaa!!!!!!!
Shorts are taking it in the ----- shorts!
Shorts are SCREWED!
How's that short working out for you? The train has left the station, Your only hope is that TRTC gets no county approvals. How much do you stand to lose on your bad wager?
I have been buying shares, so yes I can easily sell shares. Less shares available = higher demand on good news/licensing. Up .38 cents today. I am also holding 3000 shares of FITX
Thanks Matt.
Nice! I'm at .0505.
Maybe not. 49% of Vcig, and natural PPS rate increase as sales and advertising increas. May not need a split if patience is used. Give it 6 moths to one year and it could uplist with no split,
It's not free money until you sell your shares. It's pure speculation if you don't sell and cash out, not free money. I'm holding for a while by speculating and hoping for success of the company and my bank account. I might make money, and I might ose money. All depends on a license, and HC is hugely back logged and intentionally slow rolling ALL the applicants.
I'm thinking after this last hard run some folks will take some profits Monday/Tuesday, so a small drop in PPS for 2 days as profit takers sell. After 1 - 2 days, it "should" run up again.
The day traders will take the percentages, but once they sell the longs will be rewarded as shares dry up and it runs again.
Just my best guess.
Help me understand where this puts MDCN in the process of final approval to grow. Is this basically city/province approval, and we still need HC approval to begin operations?
Nice link!
The house passed protection for Medical MJ and hemp farming in the USA. Next it goes to the senate, then if passed to Obama to sign.
The key is to get the senate to pass it. All US readers should immediately email their 2 senators and urge passing this bill. Do a sales pitch.
1. States rights.
2. Basic fairness.
3. Medical use access.
4. Hemp sales.
5. Taxes for the "government".
6. Frees up jail and prison space, reduces spending.
7.. Help economy recover.
etc etc etc.
Write up a sales pitch with whatever you can come up with.
So just roll over and play dead and let the politicians do what they want with no comments from the taxpayers?
No thanks!
Get involved.
Sorry, I meant JUNE 15-30 not July.