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maxluke1

09/29/23 3:37 PM

#107682 RE: nelson1234 #107681

TRT - it's true the $4s would be quite a fall. These small microcaps cycle within the ups and downs of the overall market, often out of sync with the overall market. The way I view TRT is that's it's on the upper bound of its microcap cycle ($4 would be an approximate lower bound and much more attractive to someone less risk averse, like myself). From what I can tell, the timescales of these microcap cycles can be a few weeks or years, often unpredictable.

Some of the cycles are due to the cyclic nature of the businesses (e.g. ULBI), institutional overselling/overbuying, etc. More recently, there's been way more cycles attributable to low float pumps/social media (e.g. AWX, SCKT), etc.

Yourself and others on this board are some of the best at buying and selling microcap cycles. As you often say, "I own a bunch of this shite" (or something to that effect) having bought a bunch of a stock when no one gave a crap or the financials were trash (but cyclical).
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hweb2

11/17/23 9:48 AM

#108780 RE: nelson1234 #107681

Wild action on TRT the past couple days. They reported another stinky comp on Monday-

https://finance.yahoo.com/news/trio-tech-reports-first-quarter-133000001.html

Stock didn't do much. Was hanging around $6. I didn't have any interest with the weak quarter sitting there, mixed outlook commentary & another tough comp coming up. But the stock shot up like 13% yesterday and even went over $7. Today it's crashing 25%?!? All the way back to near $5. I made a few bucks shorting, but covered too soon this morning and obviously wish I'd shorted a ton more yesterday.

Maybe it gets a bounce from here? I would guess so. At least the balance sheet on this one is great and they have a low float.