The next few weeks are going to be very interesting.
I think the period of intense accumulation prior to the license awarding date will be longer than previous anticipatory accumulations we saw before the CC dispensary permit hearing in June and more recently the LV dispensary permit hearing in late September, both of which started 1 week prior to these events.
With much more on the line this time, 8 licenses vs 1 permit, I expect the accumulation period to last 2-3 weeks.
This means that the bottom of the current trading range will occur this week or next week and then we move upwards again, slowly at first, and then picking up steam as we get closer and closer to the magic date in November.
Trading volume should also increase as we move along into mid and then late October and early November.
Volume during the week before the magic license day will be key to predict how crazy things will get after the date.
Volume in week prior to magic license day:
If trading volume remains 1-3 million, rocket ride will be boring... $1
If trading volume is 3-5 million, rocket ride will be more exciting... $1.25
If trading volume is 5-8 million, rocket ride will be titillating.... $1.50-$2
8-12 million...... $2-$3
Volume over 12 million in the week prior to license day...... $4-$6
The above price targets take into account the huge fundamental change in TRTC and more importantly, the huge change in sentiment as hype kicks in and the media goes nuts with TRTC and DP.
These price targets may be achieved in November or December.
Sleek
