Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Chart says .. back to .2 when will people learn not to hold and invest in OTC stocks with no profits no cash crazy debt and a buch of empty promisses
good luck trying to sell when the volume dries up
its not buy time not even close
I came to help you guys protect your profits but you didn't listen are you listening now I have been spot on with the price action.. no scare tactics just facts
negative cash flow
40k cash in the bank
1.5 million dollars in debt
share count will continue to rise as the print stock to fund the day to day ops and that printed stock will be sold asap
Its hard to explain without showing you the chart But basically after hitting a interday high of .6 on thursday it never reached that hi on Friday. If it made it back there on Monday the chart would still be intact however it did not which means .6 is the short term top. Monday there was major selling pressure because of the convertable debt the debt holder is selling at a discount and will continue to sell until all shares are gone.. They don't really care about the share price as they are selling at a discount the discount gets bigger as teh share price falls
the chart broke on Friday.. the downtrend is confirmed No real support until .3
that ws the interday support.. this is going to .4 this week
The seller is at least try to keep the price proped up.. but they won’t be able for long..
correct but that is only on the interday chart.. it has broken the weekly support of .5 the support @ .4 is not very strong on the monthly thats why you don't want your stock up 200- 300% in a couple weeks if that happens smart money sells the stock had no chance to consolidate and build support
T dawg the trend clearly broke on Friday and had follow through yesterday.. The thing about charts are you can use them min by min, day by day, month by month, or year by year.. I advise learning how to read charts they are moe relibable than anything the charts never lie. they just cant predict news..
resistane .48 support .4
big seller on the ask
this is not the bottom.. the chart never lies. only thing that can stop this is a real PR not that bs like yesterday
And there is goes.. see ya at .3 or less
my prediction .3 by next week
Hers is why it is red and will, downtrend for a while The uptrend broke on Friday Morn. the financing PR is the main reason other reasons
Negative cash flow
40 thousand dollars in the bank prob less now
1.5 million dollars of debt
No more buyers
When it falls through .5 watch out below
The share price will support my posts.
Love is blind
The uptrend looks like it broke on Friday.. tomorrow is a key day.. It will either hold support at .5 or roll over..
good luck
Sorry boys and girls. Looks like the chart is rolling over. Looking like another red day tomorrow. As stated in a previous post 20mil shares have to be sold.. see ya at .4 but looking more like .3 as no real support at .4 all these MJ stocks are done.. get your money out this sector is fried for now
There it is support at .5 like i said..
I don't understand why it get taken personal when someone says sometinhg a stock they don't agree with.. stock are tools to make money with.. not to fall in love with get your money and go.. invest in real companies with real profits.. trade and flip these pennies.. invest when they prove worthy of investing in.
AND ALL CORRECT CHECK EM OUT
you not supposed to sit on big gains with a penny stock
guys be careful at .5
.55 Resistance .5 support if it goes through .5 its going to .4
You are correct.. There's lost of selling pressure right now.. .6 was short term top this moring was your sell opportunity The chart may be rolling over .5 is key point. all MJ stocks to high right now no pun intended..
Here is your sell opportunity buy back lower
Here is your sell opportunity buy back lower
There will be selling pressure because of all of those reasons I mentioned as I research new issues come up
Good luck to you I hve no position If it looks good again I will reenter
I believe you they still do not generate enough cash for day to day ops.. trust me
I have already traded this last week I'll be around flipping. gonna see how the chart shapes up next week stocks always let you in no matter the price.. no such thing as missing the boat its all about discipline and a strategy
your thinking is flawed you cannot get greenhouses and infrastructure without cash unless you borrow which also takes cash to service.. cash is king
thats great if the greenhouse is gong to pay salaries and buy supplies and pay for all the things a business needs to grow.. focus on cash flow, revenue and margins not greenhouses
thanks I will.. They have revenue its getting better they just need more cash flow for day to day ops its not a empty shell...once cash flow improves then they can stand on their own I will watch as I think it will uptrend but it has good % movement to trade. If they ever apply to move off the OTC I will probably be a investor at that point
they have no cash look at the balance sheet and income statement
as of 9/30/13 they had 40k cash in the bank cash is king.. all that cost money liquid cash to keep going on a daily basis. that is why they need the loan they have no cash.. I'm not doubting they will rule I'm just a show me first type of guy. I don't make the facts want I want them to be just what they are. focus on what is important that is cash flow
The one thing you have to remember is they have no cash flow so how are they going to service the debt. this loan is really for day to day operations.. it might look ok on the surface but TRTC will be printing a lot of shares and someone will be selling a lot of shares to recoup their money
Ugly day but the chart is still looks fine, support around .5
Its the financing.. the board beleives diffent but if you read the filing it would not be that hard to beleive its all there in black and white
Lots of ugly candles on the chart today.. close not looking good selling pressure