What's up with TRCH?
What's up with TRCH?
Torchlight stock price getting hammered again, despite what seemed to be positive news on their Hazel project last week. Dan or anyone else have any insight?
Re: What's up with TRCH?
Getting Hammered: If you cannot handle a 20% to 30% drop on HIGH RISK micro-caps like TRCH then you should stick to much large companies. Micro-caps like this can move quickly up and down. This is a "lottery ticket" stock, not a true investment. It will be over a year before you know what they have way out near El Paso. If the project is deemed economic and oil prices improve, then TRCH could a "20 Bagger". This is not a stock for anyone that watches it each day. It is going to take a LONG TIME for TRCH to play out.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: What's up with TRCH?
Didn't say I couldn't handle it. LOL. It is down more than 50% from its peak 8 weeks ago, which was much lower than last year's peak. So I was wondering if there was anything fundamental driving it down or if this was potentially setting up an opportunity to add to my position. Sorry I wasn't clear.