Blum Holdings Inc (BLMH)

[why_meil]

More insider dumping...

I currently hold a long position in TRTC and I'm a believer in this company and its potential. But the relentless insider selling is really getting old and taking its toll on the share price.

After hours last night more Form 4's were filed by the director Ross and DP's wife.

1,592,870 shares were dumped by DP's wife last week from Monday through Thursday, and Ross dumped 200,000 shares on Friday.

The good news is DP's wife only had 56,577 shares remaining after she was finished selling on Thursday. So most likely those are already sold too and we'll see the Form 4 for that today or tomorrow.

Once all the insiders are finished selling the share price should be able to start moving up again. But when will that be?

I decided to wait on the sidelines until the Form 4s stop rolling in. I put a sell order in at the bid so it should execute when the market opens today. I figure if 20 cents is good enough for all the insiders it's good enough for me too. They probably know more than I do regarding their business anyway.

There are just too many other fast money making opportunities out there. I plan to put the proceeds into a higher Beta stock. I need more action.

I will continue to closely follow Terra Tech. I think it has a lot of long term potential, especially with California recreational coming online in a few months.

My plan is to buy back in right before they post their next quarterly results, assuming the price is still around 20 cents or less. If the stock runs up quickly before the report comes out then I will just wait for the numbers before I make a decision to buy.

Often, the retail herd expects too much because they don't fully understand how businesses really work. So they might still punish the stock even if the company meets or exceeds analysts expectations.

Best of luck to all the faithful longs still holding!