The penny stocks that have anything to do with marijuana, even a roach in an ash tray somewhere on the shop floor, have been explosive in recent trading sessions. One slow toker of the group, Terra Tech Corp. (OTC: TRTC), even saw a substantial gain last week thanks to a massive campaign gone viral. Although quadruple digit gains in 3 days are no where near what TRTC stock has provided or could possibly even come close to, the 45% gains since January 18, 190% since election day in November, looks poised for a toke before burning up some more rolled paper from convertibles.
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TRTC Stock Chart
Market Cap: 46.13M
Last: 0.56 ▼ -0.02 (-3.45%)
Dollar Volume: $197,532
Issued and Outstanding: 82,371,853
14-Day Rel Strength: 63.16%
14-Day Stochastic: 75.50%
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Viral ads are hitting inboxes around the planet pushing Terra Tech Corp as hot topic that financial analysts are talking about getting rich from and how these once considered taboo “marijuana” stocks are finally making believers from right-wing investors. See the headline here:
Double digit gains were achieved on TRTC stock over the last two weeks. Triple digit gains were achieved since we alerted on it in November and were confident this new legislation could help to push Terra Tech into profitable territory by booking net income, a task that is not out of reach for the Company.
Quadruple digit gains are as likely as seeing Obama spark one up on his next CBS interview, Super Bowl or not. TRTC only began trading in August and only one trade was done for less than 0.195, 0.13, and that was in October.
The Company’s business plan to pursue acquisitions like the recent letter of intent signing to acquire GroRite, one of New Jersey’s largest gardening super centers, is a solid game plan moving forward. Revenues are already set to top $500,000 for the year ended December 31, 2012 producing a gross profit of less than 10% based on the nine month numbers. Increasing Terra Tech’s top line revenue could be the ticket to EBITDA, a feat that would prove to investors that “pot” is green in more ways than one.
About TRTC Stock
Terra Tech Corp., through their wholly-owned subsidiary GrowOp Technology Ltd., engages in the design, marketing and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture. Click here to view the SEC filings for TRTC.
Last 5 Trading Sessions:
Bottom Line: There is a $500,000 plus penny stock promotion in effect for TRTC stock, a strong reason for why the gains have been significant over the recent sessions. However, unlike the mirror image promotions on ASUV, SWVI and ECAU, as well as SUSA. TRTC has seen some of its share price appreciation due in part to its ability to produce revenues since it acquired GrowOp Technology, an Oakland, CA based leader in hydroponics. Look for a possible pull back to 0.42 some time in the next few sessions.
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