Totally Hemp Crazy (OTCMKTS:THCZ) Takes A Step Down

Totally Hemp Crazy (OTCMKTS:THCZ) lost another 6.50% of its market value in yesterday’s trading, in spite of publishing a pretty encouraging piece of PR the day before.

Interestingly enough, THCZ‘s June 16 press release failed to impress investors, in spite of containing a sizable list of the company’s distributors throughout the US. Such news usually manage to inspire investor confidence in the company in question, so it’s a bit odd that nothing of the sort happened this time around.

This turn of events may have something to do with the fact that, as promising as THCZ may look to some, it is still struggling to find its feet.

True, the company seems to have come a long way in the last few months – the extensive list of the company’s distributors is proof enough of that. If THCZ manages to keep up the pace of its alleged progress, it may well end up managing to create investor value.

However, the fact remains that, at this moment, the company’s stock is severely overbought. As it is, THCZ‘s market cap is close to $50 MILLION – which is simply ridiculous when you consider the fact that there is no real guarantee that the company will come out on top in the struggle for commercial success any time soon.

THCZ stock prices have grown in leaps and bounds in the past, but said leaps and bounds don’t always match the company’s actual growth, thus a pullback such as the one the company is experiencing now is to be expected.

This is why THCZ presents an interesting case – there is still money to be made from the company, by opportunistic traders and long term investors alike. However, due to the OTC Markets’ capricious nature and the uncertainties surrounding the company, investors should be extra wary when dealing with THCZ.