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You are right, TRTC is the most legitimate MJ company. Their CEO is a former banker and banking expertise is what an MJ company needs. Their hydroponic focused efforts may place them to become a major supplier. I was chicken and bailed like a fool. Long term 1.15 is a good entry point. Short term I would like to see 0.89
I got back in even though it's a really small position (450 shares) at 1.15 Friday. I plan on buying more and more before any big news hopefully. Is there a site I can go to that will list when a certain company has to report earnings? Is it possible OTC stocks don't have to report earnings?
Yeah but without a stop loss are you really going to go through with selling it before you take it on the chin, assuming you're actively watching the stock?
Without a stop loss this is what most people do with volatile stocks...
"Just a temporary dip, it should start going back up so I'll hold onto it"
"Down 5% now, don't want to sell and see it shoot back up"
"Down 10%, don't want to be a sucker and sell at the bottom"
"Down 20%, it's too late now, I should have sold earlier instead of riding it down but now it's dropped too much so I'm stuck with it."
"Down 30%, screw it, I better take the loss and sell before I lose any more money"
"Up 15%. Motherf#%$er."
With a stock like PLUG any news can cut the stock in half in a matter of minutes or hours. Much better to sell with a profit when you shouldn't have (which you can't know for sure at the time anyway) than to get massacred by a huge drop. You can always buy back in when Citron Research or some other market manipulating short seller puts out a hit piece and crashes the stock.
You couldn't have explained it better. As a novice investor, I have learned a lot from PLUG.
Alright guys. Happy Monday everyone and Happy St. Patrick's day. How about the following for today?
HAST
MNGA
SGK
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and Happy St. Patrick's day. How about the following for today?
