Totally Hemp Crazy (OTCMKTS:THCZ) Gets Devastated Again

Totally Hemp Crazy (OTCMKTS:THCZ) took another serious beating yesterday, losing a hefty 23.72% by the time the closing bell finally arrested its descent.

As the charts indicate, the ticker was glowing bright red from the very start of the trading session, but it was the final burst of selling that started around 3 pm that really dragged THCZ to the bottom. Interestingly enough, the drop occurred immediately after the company made a positive announcement that should, by all accounts, have allowed it to bounce instead. So why did this happen?

Maybe a bunch of investors panicked and decided to cash in their shares before the price dropped any lower. The ticker’s upward momentum had run out during the last few days of last week – maybe as a result yesterday some major shareholders finally lost interest in THCZ. Seeing as how we’re dealing with an OTC Markets pinksheets company, at his point, it is really difficult to determine exactly what caused the sudden crash.

One thing is certain, however – THCZ has made some very impressive claims, that afforded it a bit of volatility recently. Unfortunately for its supporters, there is very little in the way of hard evidence to support said claims to success.

Until said evidence is presented, the ticker will likely remain as volatile and unpredictable as it has been in the last few weeks. Let the buyer be ware.