Terra Tech Corp. (OTCMKTS:TRTC) Stabilizes at Thirty

Thanks to the Colorado legalization hype, the marijuana stocks market has seen more than a little turbulence lately, and Terra Tech Corp. (OTCMKTS:TRTC) is one of the companies that has experienced many ups and downs.

The company surged upwards around the last days of 2013, and crashed, along with most of the sector, on Jan. 9. TRTC‘s fall was especially painful – the company lost almost 30% of its market value over a single trading session. TRTC has tried to recover since then, failed to establish a distinguishable pattern on the charts. 

The reason for this is probably the fact that there doesn’t seem to be much pulling the company in either direction, aside from the marijuana hype, and presently that seems to be somewhat diminished. President Obama’s statement did not make nearly as much of a splash as was expected, thus presently marijuana companies are forced to make up their own publicity stunts to draw the attention of investors.

Some companies, like Creative Edge Nutrition Inc(OTCMKTS:FITX) are more successful. Others, likelike HEMP, INC. (OTCMKTS:HEMP) and Tranzbyte Corp (OTCMKTS:ERBB) and TRTC have failed in that regard. TRTC in particular has no new press releases, filings or disclosure, and only a few articles from stock market watchers and largely irrelevant interviews mention.

This just goes to show how unstable the market is, even in its present calmer state – nothing has changed in the last three sessions, yet the company’s registering fluctuations of no less than 7% daily.

Today TRTC dropped right at the opening bell and is currently trading -3.46% down.