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That is a generalization. Have you ever heard of turbulent kinetic energy (TKE)? IF this design is able to withstand the increased loads from turbulence, then the turbulence can actually increase the amount of kinetic energy. TKE goes as one half of the sum of the eddy covariance from the u, v, and w directions. Therefore, if the perturbation quantities are greater than average, TKE will increase. Besides, this is not a traditional wind turbine design.
Right, because a state with the highest debt can afford desalination for a heavily populated state. Give me a break. Legalize recreational marijuana first then we will talk.
The amount of scientific misinformation on this board is astonishing (ok, not really). The concept for the tower is actually quite simple: liquid water evaporates at the expense of the dry environmental air due to vapor flux. Evaporation requires energy, thus cooling the air and causing its density to increase. This density difference causes the air to accelerate downwards. Sure, changes in environmental humidity will vary the acceleration of the downdrafts, but if the tower is installed in an anomalously dry climate, the generated power will be fairly constant (at least compared to traditional wind turbines).
When did I say there was no justification for their suspension? You stated "the company is toast" and I strongly disagree. Just wait my friend.
Please explain your reasoning because I completely disagree. How can you say that when no news has come out now that their suspension has been served?
I bet they will acquire an MM very soon, maybe within a few months.
Yes.
So there is no news out on the halt, correct? If so, this is great news in and of itself. I see no reason to believe that things will not continue as previously conducted. The government just doesn't want things to get out of hand, surprise surprise! PHOT strong!
Any thoughts on when the license will be issued? Are we thinking end of this month? Two months?
Not sure how you arrive at that figure. I see an RSI of 47.11, which is a great entry point.
http://stockcharts.com/c-sc/sc?s=PHOT&p=D&b=5&g=0&i=t97820576905&r=1397112135425
Where are you seeing/hearing this?
Anyone else feeling a big PR tomorrow?
You're right - 10k shows a net loss of 16.8 M for Q4.
I am somewhat surprised a solid PR was not released this week, but then again, no news could be good news in this case. Now that financials will be the next piece of news we encounter, I am actually expecting fairly good earnings. Fingers crossed! Have a good weekend PHOT longs!
Easily! I wouldn't be surprised if we touched the 1.42 mark again here soon.
People who freak out about day to day trends on penny stocks need to not look at their portfolio, plain and simple. This is still going to be very volatile until we build a foundation in dollar land. With that said, anyone else think we see a juicy PR this week?
Anyone else see the ask go 5 cents below the bid??
I think so as well! Got back in at .88 - congrats to all the longs still in TRTC!
Albeit higher risk than PHOT, I think FI$X will be very profitable soon. It could really blast off once it receives its growing licenses and is currently still under ten cents. I've got a measly 8,000 shares myself.
Where are people thinking we consolidate? I am feeling mid 50's...
And the dominoes just keep falling. Great news!
Either PHOT or TR$C, no contest IMO. Since this is the PHOT board, I say PHOT...plus you can buy almost twice as many shares of PHOT ;)
Weird. Using the same chart on TD, I get an RSI of 42. Regardless, I personally like to use a longer time period since it smooths out the effects from recent trends. The chart is definitely still overbought IMO.
RSI at 19? Where do you see that? Are you using a daily chart?
Oversold? Why do you say that?
I hear you, just playing Devil's Advocate. I'm in both PHOT and TR$C anyways ;)
GRNH was also fueled by a PR this morning, so it is tough to compare its (one day) run with TRTC's four to five day run.
Just trying to be realistic. Kind of ironic that some of the "longs" are so greedy.
I don't think it will close green today either...if it does, it will most definitely close red tomorrow (assuming no news). I love this stock and all, but some of these guys are drinking too much of the koolaid. We should want it to close red for a day or two, it is healthy for its short term future.
I agree. I think we could see that tomorrow. Friday's are usually down days for the MJ stocks.
Just because it filled the gap and dropped to 0.90 doesn't mean it doesn't need a few days to cool down. The stock still closed well above the open. It has gone up significantly each of the last four days. I personally own shares in this stock, so I am not bashing it by any means - only trying to be realistic.
While it is certainly possible, I just don't buy it. Like I said, these MJ stocks are difficult to predict, but just based off their collective histories, the high RSI periods don't last for more than several days to a week at a time. This WILL correct very soon, just a matter of when.
I agree. Plus, this thing is red hot right now. Even though it is very difficult to predict these MJ stocks, history has told us that a few days of an RSI in the 80s is about the maximum we will see before a correction. Looking to add more to my position in the coming days.
I sold part of my original position and am riding on free shares now - just waiting to enter back in. Let's face it, TRTC is hot right now and in need of a major consolidation. And just as I say that it is on its way back up lol. RSI is still scorching though.
Dr. Gupta did a nice job emphasizing the need to legalize medicinal marijuana on the federal level. He certainly bashed both the feds and Christie (in the nicest ways possible) by pointing out flaws in the outdated system. I think it should propel the industry momentum further for at least the rest of the week.
Absolutely not. While this stock will consolidate a bit in the near future, I don't think you can go wrong with an entrance now if you plan on taking a long position. Timing is everything with these stocks and it is very difficult to get it right.
The Weed 2 documentary on CNN tonight was NOT a repeat! Great publicity for all MJ stocks - looking for FITX to regain some ground and end the week strong!
PHOT climbing back up going into power hour. There appears to be good support right around the 0.50 mark - this chart is looking great!
As per Trained Monkey, shouldn't the 8k regarding the LEAF Aspen GIFT be released today?