Replies to post #103595 on Blum Holdings Inc (BLMH)

[MonestHind]

Well...not today we're not ;)


Stock opened at .28, so the pervasive intraday trend was still down, and rather significantly at -5%.

Volume decreased significantly today as well, giving solid proof of the market's complete disregard for TRTC's paid promo blast.

Impressive to me is how poorly TRTC has performed in the last month. Down more than 20%.




Buying weakness only works for a stock that has the potential for reversal. The pending dilution amidst this severe 8 month downtrend doesn't bode well in that regard. Also troubling is the fact that, predictably, every major catalyst has come and gone with price action clearly dominated by the sell side.

This, my friends, is a bagholder stock.

Flip it!

[Crusen]

Traded red most of the day except for the usual morning pop.

Once the morning optimists were sated, down she goes. However, the diluters were very restrained today, only taking it down a couple percent, unlike yesterday, for instance.

Volume suffered for this restraint, but it was more important not to kill the price. Hence, they only did about half the volume of yesterday.

At the end of the day, we get to some very delicate eod tape painting for just the last few trades. imo

http://www.wisegeek.com/what-does-painting-the-tape-mean.htm

[Rickylane]

I agree....great opportunity to add.

mm # 1