It's obviously difficult to predict stock prices. Especially in Pennyland. Now, I'm under the opinion that tomorrow's forecast will be green and that the site and broadcast will execute as expected, on time, and stylishly. This should pique investor intereset and bring in more volume than the last few days have done. But this is just my opinion.
That being said, I think some people are losing focus here and need to remember...
Nothing fundamental about the company has changed. Today's news alone - dropped any other day but today (on a day when all the MMJ stocks are bleeding red) - would have taken us past Monday's high of 0.0144. This is a big deal. Insurance companies know how to make money (I think that's an obvious statement). If they make money from UTRM's clients, then UTRM will certainly make money in return. They wouldn't be setting up deals with insurance companies unless they thought that their site would reflect legitimate business practices with as much interest and traffic so as to bring in other companies and then offer them insurance quotes on the spot. If they weren't expecting that already, the insurance partnerships would not have been made. Simple as that. I'm sure Chris already has some potential leads with other companies that may want that added security of having UTRM backed by a major insurance player.
The site launches tomorrow, it will draw back more interest in UTRM. Maybe not enough to bring the PPS to $0.02, or maybe so. Penny stocks can and do jump 200, 300, 400% or more in a single trading session - as anyone who's been here longer than two weeks can attest to. This stock needed to cool down, it was running on rocket ship fuel and needed to refuel. It's natural. These things happen. I honesty don't think there is much to be worried about here. The price dropped drastically on low volume. On higher volume (such as tomorrow should hopefully bring), it flies like a bird. Let's hope for more volume tomorrow and a huge turnaround for the days and weeks/months to come.
I do believe that the site will generate continuous interest and buzz as it is touted to be the one stop shop for all things MMJ and MMJ business-related. People will visit, they will click around. Clicking around = $ for UTRM, and $ for UTRM = $ for me and for you. Believe in the general outlook of the company and not in the weekly PPS predictions and you will be fine. Stop worrying about the day-to-day activity. Be patient. It was a hard lesson for me to learn as I screwed up a huge $50,000 opportunity with Apple back in 2010 when I panicked and sold. I have since learned not to do that and made that $50,000 back times 3 this year alone after thinking I'd never get back into the stock market again because it was too unpredictable.
It IS unpredictable, predictably unpredictable - when you're looking at the day-to-day prices which literally change by the second. A wise investor, however, doesn't predict share prices. A wise investor predicts whether or not a company is sound and worthy of his or her money and bases investments accordingly. Those of you invested here right now should be invested in the company, not the share price. The stock market has a weird way of screwing you over when you invest in the share price by doing what it's doing to UTRM today. Believe in the companies you invest in and you will be happier with the outcomes, even if you're wrong sometimes. You'll be happy you did.
Go UTRM. Long and strong here.
