{"id":4801,"date":"2014-06-23T12:15:55","date_gmt":"2014-06-23T12:15:55","guid":{"rendered":"\/?p=4801"},"modified":"2014-06-23T12:29:17","modified_gmt":"2014-06-23T12:29:17","slug":"why-is-terra-tech-corp-otcmktstrtc-still-dropping","status":"publish","type":"post","link":"\/articles\/why-is-terra-tech-corp-otcmktstrtc-still-dropping\/","title":{"rendered":"Why is Terra Tech Corp. (OTCMKTS:TRTC) Still Dropping?"},"content":{"rendered":"

\"722TRTC_chart.png\"Friday’s session culminated a week of turbulent trading for Terra Tech Corp. (OTCMKTS:TRTC<\/a>). The closing bell saw TRTC<\/a> stop another 10% down, red for the third time in a row, on slightly faded volume of 3 million shares. <\/p>\n

The last three sessions completely wiped out the 31% surge that the stock went through on Tuesday. News of getting cultivation and production special use permits in Clark County, Nevada sent TRTC<\/a>‘s supporters on a buying spree that pushed the price up significantly. The news was a boon to investors disappointed by the dispensary permit fiasco a week earlier. TRTC<\/a> failed to secure a place among the parties awarded a dispensary license, allegedly hindered by a shorter article on Seeking Alpha, as well as a misinformation campaign conducted by another person.<\/p>\n

Considering the collective enthusiasm displayed by TRTC<\/a> longs regarding the cultivation and production permits, it’s somewhat strange that TRTC<\/a> failed to run higher and shifted in reverse after a single green session. Who is selling TRTC<\/a> stock despite the positive news? Hard to tell, frankly. The recent hike to $0.42 may have scared some of the less dedicated investors who were hoping for explosive growth and prompted them to sell.<\/p>\n

The waiting game is on, with TRTC<\/a> having obtained its permits and looking forward to the state licensing procedure in August. Until then traders have the company’s deflating Q1 report and the hope that Edible Garden revenues will actually grow into the current and next quarters. Here is a brief summary of the numbers TRTC<\/a> last reported:<\/p>\n