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Sunday, July 07, 2019 5:47:28 PM
Most of the MJ stocks, US and Canadian have been struggling.
Most do not make profits.
Most lose money every quarter.
Most have seen bad quarters this year.
It's a long hot summer when most often it's better to not be in any market and if there wasn't a chance of the States Rights bill passing or a buy out or some other crazy long shot of MJ being legalized, I would not be here either.
I could see day trading this for the summer but holding any serious stake is not what I'd do. I'll buy some at the low .50's or .40's - doubt it will go lower because of it's intrinsic value.
So with TRTC have an undervalued, asset laden company in a brand new industry with world changing news coming.
BRING IT ON BABY!! I'll Buy on the news of legalization in any form.
Then on the other hand, we have choices of all the billion dollar valuation companies that will take decades of revenues to deserve their valuation while still losing money but at a much more substantial level to the idiots who score these stocks. These choices are being sold as the best MJ companies when the fact is they are more overvalued than any stocks I've seen in years and at best they will make modest gains.
I'm not playing in the OTC for modest gains, I could get that from equities I don't need to watch every week.
I'm here with money I can lose to make a moon shot, not looking for lunch money.
I suggest current or future investors filter out the pests and go ahead and figure out the value of TRTC using past present and future revenues.
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