Good morning everyone...! If you are a long term investor in this company, I believe we have weathered the storm and seen the worst of it. If you are a new investor, or just contemplating investing, there couldn't be a more exciting time in my opinion.
Before I start discussing the recent topics that have been brought up, let me share some of my background. I have years of technical experience working for Fortune 500 companies, including DuPont, WL Gore, and Hewlett-Packard. I have worked in Research and development, manufacturing, quality assurance, and many other technical positions involved in taking a product from proof of concept to market. I do not claim to be an expert, nor should you take what I say as investment advice. This is a message board for a stock that is traded in the OTC market, and trading involves risk - so please do your own due diligence and only take what I say as my opinion, not fact or advice.
My first investment in this company was back in 2016 in the 5 to 7 dollar range, after selling a position I had in Cannabix. The stock quickly ran to nearly 23 dollars, then slowly started to drift down, so sold my entire position around 15, locking in a nice gain. Realizing that their marijuana breathalyzer was still some time away from completion, I took a more patient approach to purchasing LCTC stock due to it's extremely low float. I have been purchasing stock in this company over the past couple of years in small increments of 100 to 400 shares at a time. I am still buying, and purchased over 600 shares in the last week as well. I currently plan on holding these shares as a long term investment,
If you follow the over all stock market, you can see how politics play a major roll as a stimulus or depressant to certain business sectors. With a solid Democratic win in the recent US election, the marijuana sector, as well as others such as the alternative energy stocks, are all seeing an influx of cash. I honestly have to say that I completely missed the early run of hydrogen fuel cell stocks such as FCEL and PLUG. I have invested in both of these companies years ago, and believe they still have much more room to run.
So, in the coming weeks, I expect the chatter on this message board to increase dramatically. Dicamillo has brought up a lot of topics recently, and I'd like to give my opinion on them. I don't have time to address them all at once, so I will post as time permits.
The first topic is a move toward COVID testing via breathalyzer. My thoughts on this is that "you need to keep your eyes on the prize." Which essentially means focus on the marijuana breathalyzer. Lifeloc has brought their recent endeavors in the RADAR system to fruition, and has stated that they are now fully focused on bringing the marijuana breathalyzer to market - which they also stated will occur this year. By the time they could get a COVID test to market, COVID will be a thing of the past. Yes, it would have brought attention, and possibly grant money, but ultimately may be detrimental in the long run.
This again, is just my opinion. I wish everyone good fortune with their investments...
