What's up with TRCH?
Posted: Wed Oct 12, 2016 6:27 pm
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?
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Re: What's up with TRCH?
Posted: Wed Oct 12, 2016 8:25 pm
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.
Re: What's up with TRCH?
Posted: Wed Oct 12, 2016 10:51 pm
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.