Tuesday, March 29, 2016 11:53:20 AM
When it did happen yesterday, a whole bunch of people holding quite a bit of shares had 17.5 hours after the market closed to stare at a portfolio that had exploded with a stock that had experienced nearly a 100% gain in 3 trading days. That does a lot to a person, especially with a ticker that has been through so much. Even the true long believers stared at that PPS last night and fought with themselves about selling off at least a bit of their position at that PPS, just in case it did pull back a bit.
Then, this morning, some pulled the trigger and set their stop losses "just in case." Then, when those stop losses started getting hit, others thought their worries were coming true and sold. Still more had already decided to take some profits and get back in at a lower PPS (which I talked myself out of for some reason). There might even have been a few poor souls who got in yesterday that sold this morning in a panic thinking they had made a mistake and wanted to cut their losses. Either way, what happened after the panic is what I am excited to see.
I must admit, I too had that feeling in my gut this morning when, by 9:36, I was thinking "uh-oh..." Most of that feeling was coming from my decision to hold 1 more day before taking some profits and hoping for a dip to grab some more. I missed that play because I over-thought, some didn't, some got out for good this morning, still others fell victim to their emotions. What I see from 10:15 until now is what makes me smile. After 45 minutes of chaos, everyone collectively took a breath and we started back up again, more solid than this time yesterday even.
If you ask me, I think we are in pretty good shape right about now, we passed the "panic test" without much bloodshed. We also got the pullback that we all knew was coming out of the way. The last real unknown comes with the financials today... If we can hear good news today, we should set the stage for the next level with Terra Tech.
Just my opinion, be it a long winded one. This is why I just read and not post. I've held a position here since October but just never post anything. I don't want to torture everyone with my ramblings. Had to get in on this, though, as I feel like we are at a very important turning point with Terra Tech.
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