Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Fails to Deliver on Monday’s Trading

Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) stumbled, despite the promise for even more dramatic movements on Monday. After Friday’s gains, the ticker ended in the red again, losing a net of more than 22% on Monday, to $0.0317, on selling volumes a bit above $1 million. TTDZ, without boosts from new PR messages, is prone to days of sluggish trading and losses.

Now, TTDZ is mostly hovering on promises for new website launches, but we have to wait and see if this props up the stock price. At three cents, TTDZ may be responsive enough, if investors rekindle their enthusiasm, as forum opinions suggest. But the upward trend for TTDZ was broken, and we have to wait either for a direction, or to see how volatile the stock price becomes. Volumes have shrank significantly since the initial days of mad buying, but for now, selling is still limited.

Unfortunately, the newest Allbotanical.com site is empty of contents, and TTDZ still has no chance of product sales through Green Cures, Inc. Perhaps the only certainty for TTDZ is the upcoming name change, to reflect the switch to medical cannabis, which was expected to happen soon, but was still not announced.

Perhaps the biggest risk around TTDZ is the peak position that was achieved quickly. The ticker, despite the setbacks, is still quite near its peak price, suggesting room for corrections, if the OTC trading continues to cool off.

TTDZ stands at the border between stubborn sub-penny stocks and those that fly to multiple pennies more easily. On Monday, most stocks in this price range on the Marijuana index sank down. The exception was SK3 Group, Inc. (OTCMKTS:SKTO), which added 9.69% to $0.02. This ticker also touched a few cents, but the loss of confidence brought it down again, though more gradually in comparison to TTDZ.

Latteno Food Corp. (OTCMKTS:LATF), yet another company that relies for now on websites and publicity, is sinking more gradually. A few weeks ago LATF almost promised a run above the penny levels, but selling and general pessimism brought it down, as usual. Now, LATF shrank further, toward $0.0077.

In the case that TTDZ announces the name change this week, trading may revive for a while. This stock has proven that it can react well to news- but if you decided to pick it up as a part of a marijuana portfolio, be aware that the quieter periods are not so beneficial.

Investors’ forums are still full of opinions that TTDZ would go through another parabolic rise- and that the takeoff is starting soon, perhaps even this Wednesday. Luckily, the losses in the past days were subdued, but it is still best to be skeptical of the business promises for new websites or other intangible links to the MMJ sector. Remember that TTDZ still remains a token marijuana stock.