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Thursday, January 08, 2015 4:20:22 PM
Stock opened at .28, so the pervasive intraday trend was still down, and rather significantly at -5%.
Volume decreased significantly today as well, giving solid proof of the market's complete disregard for TRTC's paid promo blast.
Impressive to me is how poorly TRTC has performed in the last month. Down more than 20%.
Buying weakness only works for a stock that has the potential for reversal. The pending dilution amidst this severe 8 month downtrend doesn't bode well in that regard. Also troubling is the fact that, predictably, every major catalyst has come and gone with price action clearly dominated by the sell side.
This, my friends, is a bagholder stock.
Flip it!
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