Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Follows the Low Mood
It seems the perfect storm is now brewing for marijuana stocks- the general mood is low, critical articles are showing up, and not even positive news can revert the falling trend. In the case of Triton Distribution Systems, Inc. (OTCMKTS:TTDZ), this means the rising trend would be cut off relentlessly. TTDZ peaked around 45 cents, but on Thursday sank by another 18% to $0.03. Selling has been expanding in the past three days, to $2.14 million. 
On the OTC markets, marijuana stocks have been traded with caution. Only a few weeks ago, volumes would expand into more than $20 million for the most sought-after stocks. Later, the biggest names in the sector pulled back, and it was usually a rogue double-zero ticker that provided the fast gains- only for a few days. 
TTDZ tried to repair itself with a PR reiterating its financial filings. Let’s see how TTDZ would be equipped to make the switch to a legal marijuana business:
- $1.3 million quarterly revenues to September 30th 2013
- $241,000 net operating income
- $343,000 net operating income
- $75,000 cash
All of the information is a matter of good will, as the same data were not to be found with the SEC. On top of all, the TTDZ OTC profile included a warning for not making material information publicly available. With a low, potentially volatile price, and at a bad general moment, TTDZ looks amazingly risky for both old and new buyers.
The Marijuana index also looks like a warning for a worse fallout, as on Thursday companies were in the red across the board, with only one ticker adding a bit of value. That was the case of Puget Technologies, Inc. (OTCBB:PUGE), which grew by a modest 2.56% to $0.40. This is a small MMJ company with a mere $17 million market cap, but even such a high-quality company was not immune from the fallout. In the case of PUGE, the downward trend is already a few months old.
At the extremely low price range, Quasar Aerospace, Inc. (OTCMKTS:QASP) is striving to keep even the factions of a penny. QASP sank back with a net loss, to $0.0023. While there are some short-term trading opportunities, investors remain extremely cautious of this company.
In the case of TTDZ, the financial filings look promising, but there are enough other red flags around the ticker. Still, investors’ forums see the small recent slide in price as a temporary correction, and there are suggestions that things would improve dramatically in the new week. There are expectations that TTDZ will start selling the products of Green Cures, Inc. from next week. Until now, the site of the company did not offer any sales, or even a ready product.
But until sales show up in the bottom line, TTDZ remains vulnerable to moods and expectations. If you want to ride the rising wave after a fresh PR message, keep in mind that the upward movement is just a possibility, not a certainty. Avoid over-investing based on future expectations for TTDZ.
