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.
Disclaimer: not a pro trader.
BX is done dumping for now. Opinion based on watching this stock get jerked around mercilessly for many years, completely controlled by hedgies, day traders and mo-mo players. Same company, same business model, same value as the company that analysts LOVED at $42 share less than a year ago. This stock is a trader's plaything. Ya gotta sell after a short term run-up. Similarly, ya gotta buy after a short term dump.
"nothing meaningful to mankind..."? Who are you, Billy Graham? After the current meaningless sell-off, there will be an equally meaningless run back up. BX is trader driven, and when it suits them, the share price will be manipulated to whatever level hedgies and options players want it.
Uh, yeah. Great. Swell. It just doesn't matter to the share price, however. Cue the morning sell-off. (low volume sell-off, by the way)
You cannot be surprised at the current sell-off. Honestly. You didn't really think this thing could continue northward at the rate we've seen over the past week, did you? Sheesh. New cycle can begin when profit-takers finish, but if you bought in the 20's and are still holding, you'd best stop using the product before making investment decisions.
Omigod, NO! This could affect .03% of their earnings...oh no!
Booking a profit is excellent, but you may very well miss a nice run with an upside earnings surprise Thursday. There have been a lot of signs...