TerraTech Corp. (OTCMKTS:TRTC) Even More In Demand

TerraTech Corp. (OTCMKTS:TRTC) continues its climb as investors’ forums appreciate it for the accessible price, one of the relatively low among the pot stocks. But the price is low only for now. TRTC continues the relentless climb, adding more than 55% to 37 cents, on even more robust dollar volumes of $8.6 million. It seems like TRTC is riding the fast elevator to a higher price range.

For TRTC, investors’ forums easily see a price of $2.50 or even $5, based on prospective earnings. TRTC is one of the older marijuana tickers, which has appeared before, even being promoted for a while. So it is no wonder that the familiar continues to attract investors.

TRTC is also seen as moving in parallel with GreenGro Technologies, Inc. (OTCMKTS:GRNH), which is rising even more relentlessly, without even a single day of correction in the past week. GRNH jumped by more than 53% to stand at 79 cents, as a further inflow of $53 million turned the ticker into one of the most active on the OTC markets. Of course, at the top of the trades one may meet mostly older or newer marijuana stocks, each offering their variety of direct products or additional technology and equipment.

Other newcoming companies are showing even more robust daily growth of a few hundred percent, by easily finding and partnering with new suppliers. Within that exuberance, several companies may show great individual risks and red flags. But the two tickers mentioned above have the benefit of familiarity, and are among the core group of marijuana stocks that was active in the past months.

Investors’ forums also mark that familiarity may be a price driver, as peaking tickers become even more demanded than fast newcomers.

What is curious is why Medical Marijuana, Inc. (OTCMKTS:MJNA) has not shot upward as well, but for now the selection remains extremely subdued. But this was the case with GRNH for weeks and months before the very latest upward trend.

If you still want to select TRTC or a similar ticker, attracted by the possibility that the earnings may rise twice or more, keep in mind that corrections and profit-taking may happen in the interim. Still, for TRTC and GRNH, momentum play seems viable enough to take them to the end of the week.