Why do you keep dragging up this four month old post? You're going to develop a shoulder problem if you keep patting yourself on the back.
This stock has become poison. Yesterday's high volume along with today's almost 2 million shares traded in the first 30 minutes are either capitulation or an indication that longs are completely hosed for the foreseeable future. Too much uncertainty in the air with impending Trump/Clinton catastrophe hanging over our heads and global meltdowns popping up all over. Is the sky literally falling?
Be wary...BX is near a three-year low. Great company, great business plan, but the stock is a trading vehicle. The most manipulated issue on the NYSE.
One would have to surmise that if they disappoint again, BX stock will get crucified.
I can only come to one conclusion: you MUST sell after every run-up. It doesn't matter that the yield is pretty healthy. Or that their business plan is brilliant. Or that they have more cash on hand than God. This stock is 100% controlled by traders, and it will sell off after every run up. The last run to 27 was a perfect example. When it hit 27, it teetered there for a day or two, and when traders decided the rally was tired, blammo. Down 10% over the next two weeks, like clockwork. No reasoning, no news, nothing, just traders playing. I'm holding 1,000 shares for now, but I will be selling after the next run, and buying back in two weeks later for a fast $2-3,000 profit. Traders - you can't beat'em. Investing for the long term is dead. Dangerous.
Longs...you know the cycle by now. A preposterous run-up of 30-40-50% or more over a few days, then the trickle down. No hard data on earnings, no profits, just hype. So what will drive the next run-up? And how low will the current trickle down take the share price? Watching with great interest here...an MJ market is surely on the horizon.
gims...shareholder value is strictly in the hands of traders, hedgies, etc. This isn't your father's stock market, In fact, it's not a stock market at all any more, it's a casino. BX isn't an investment, it's a trading vehicle. Share price has ZERO to do with company performance.
Why? Because that's what traders are doing, and currently, they are controlling the share price 100%. BX stock on the NYSE. It's not an investment, it's a trader's plaything.
Yeah, I love how this is the most recent BX headline today...TODAY, in the middle of the biggest two day rally in months for the stock. Just proves...it's all a rigged, crooked game.
With longs holding on. It's incredible to me that people talk about buying 100,000 shares. That they could sink $25 thousand dollars into a falling knife stock for a company that deals in a product that is currently illegal on the federal level, a company with no profits and massive dilution hanging over its stock. There's a reason the share price has lost half it's value in the last few weeks. But anyone who points out these little facts is basher and a hater. I am impressed.
From 10:09 to 10:28 this morning, 20 minutes of trading...and BX share price doesn't budge. Not an inch. Bid 26.29, ask 26.30. A fair amount of trades are made, but market makers locked the bid/ask at 26.29/26.30.
BX trades fairly heavily, 4-6 million shares a day. I've never seen a share price frozen for 20 minutes in a stock that trades as much as BX. I've seen it before in BX, but nowhere else. Then, after not moving for 1/3 of an hour, predictably it started to dump. What a crock.
In a broad market stunningly corrupted by HFT's, hedgies, day traders, mo-mo players, etc, BX stock stands out as the most blatantly manipulated issue on the planet.
Yes, by all means, catch a falling knife. I have no doubt TRTC will bounce again and bounce hard, but right now, there is a serious downdraft. Go ahead, ignore it.
Ah yes, thank-you for the thoughtful, intelligent reply, representative of the average TRTC shareholder. Can you look at a chart and honestly say there is NOT a short-term down trend? Go easy on the company product, bro.
In California, where recreational pot will be legal by year's end. Been charting TRTC all year. Careful longs, don't delude yourselves, the shares are in a serious downtrend...for the moment. Waiting for the next catalyst, at which time there will be another moonshot northward. The question is, how long will shares be falling, and what will the next catalyst be? When will it occur? In the meantime...drip drip drip.
Full disclosure: no position, not a basher.
Each day this week, not just dropping, but plunging to these daily lows. And then coming back up. Every time. Look suspicious?
Good God, it's like clockwork! It's almost laughable. The manipulations are so transparent, you'd think there would be an investigation. This market is a joke.