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It is a federal mandate to prosecute marijuana sales under the current liberal admin. Should the current admin persist it does not change. Should any of those fools debating in the primary win the general election I highly doubt they will reform marijuana's status as a schedule 1 drug.
What about the fact the marijuana is illegal? Why does everbody ignore this fact?
NSS is often used on these boards as a hypothetical or an excuse. With ENTB based on post from about a year ago it is obvious this is the result of a pump. Again, shorting could have occurred but for a company to go so quickly from double digit pennies to 4.25 and go to .055 in a year suggests otherwise.
I concur. Without real news we will test the 200d and even the 50d.
I have never sold people in my life.
Unrealistic at this point. Red close on the "great news" we heard about all day. With no real news the sell off is coming.
It is conceivable that there was nss of course but I could not really see a point in doing it now on ENTB. There is little to be gained with its being so close to zero. As far as a short squeeze goes...at this point I would argue there is going to be incredible resistance to upward pps movement with the large volume of shares bought at low prices.
True. The other thing that can happen is resistance is broken. The most recent resistance established as thurs and fri lows was broke today though it has recovered a bit. Next solid resistance is still at the 200sma. This needs real news badly for this not to occur.
I smell a sell off coming.
The daily and intraday charts are falling apart.
This needs real news, not a repeat of what is known.
Time will tell.
Are you trading long term or flipping? That chart clearly shows that the overall trend shows a downtrend. See that line that goes down over the last few trading sessions? And the on minute chart accum is flat. I don't care what you do with your money. Never did. I dont tell anyone what to do.
Pointing out a clear trend that overall accumulation is down. Read your own post about one minute charts vs daily. Obviously the news today is not being taken seriously.
Most indicators still heading down including accumulation. Lets face it, if this news were believed by the market this would soar. Today we have so far had a lower high AND a lower low. Time will tell. If you need anymore help with charting I am wiling to help. Good luck!
For a news agency to pick something like this up there needs to be solid results and statistics including a larger sample. This is why it is selling off now. Lets see how the market absorbs this. Indicators on the intraday charts down, daily is continuing in that direction.
PR=Public relations.
Because its not new. Its just smaller piece of the two previous pr's about it.
Thanks TT, I wish you well on your venture.
I could not find any info on short interest.
What is meant by "con people"? DO you mean currently or are you talking about the con that Koos and his friends pulled this time last year?
You need to consider several factors with this company.
1. It is illegal to sell marijuana by Federal law.
2. The "study" has 3 patients and they hint of 2 more. The FDA would NEVER approve a drug for sale with such a small sample size.
3. The pr's were put out in a way that suggests P&D (Jan 11 pr and recent one with photos essentially saying the same thing).
4. If the FDA were event to consider the application the company would be required to do trials. This could take years because of funding issues and they need good results.
Having said that, if they come out with positive pr (whether its true or not) this could run up a bit further. If there is no pr Monday there will be a huge selloff as suggested by Fridays candle (neither bullish or bearish on the flat close). dmlabuda, nebacadneezer, and myself have all posted charts depicting the current situation.
Penny plays are a gamble. Read posts from further back about the hstory of the company too if you want. I have not done so but many here say CBIS has tried a few different things not related to their current direction of "research". This also stinks of P&D.
I tend to play charts but once in a while it is interesting "news" develop on penny plays.
Whether you buy, sell, and sit on your hands is your decision.
Good luck
Posting evidence of shorting would be interesting. I wish I'd had the foresight to know this would crash after the run up, would have been a great short.
Thinking and knowing are two different things. Using language that implies knowing (when it is not public knowledge) is misleading in particular the post that says they already have the biopsy results.
This email contradicts your previous one. You admit you don't know.
That post is SPAM. The public does not have access to the biopsy news. That post is misleading and should be removed.
Real news can change the direction of a chart, no doubt. If this biopsy news is delayed the chart will continue on its new downtrend and we will break support at the 200ma and move on down. If this is real then it could go. However, as I have stated, the market is undecided. That flat close Friday indicated indecision that anyone can see. I am telling no one to sell. To each his own trades. Its going to be interesting to watch. Good luck
Great post.
I would not speculate on that. I think only the two employees and the FDA have access to that info. Surely there are some folks here that are going to tell you they can and will. I am done with my DD on these guys and just chart watching. I think it very odd they came out with a separate pr with photos of the patients in the Jan 11 pr. Why would the photos not be in the first pr or why would they not have a substantive pr with photos and biopsy results? (rhetorically, of course) Obviously the mkt is undecided evident by the flat close. I play it safe these days. Have a good weekend.
(Since I wrote this someone has come out and said the have the results. This has not been made public by the company and should be disregarded. Note also it was said that they are witholding the data to "run up the pps". Um, thats code for P&D. Good luck.)
I do not know how long the application process take but approval for this would likely take years. They still have to do clinical studies. The FDA website is user friendly for questions like these. There can be a lot of hang ups to getting approval. I would say a good practice would be to go to their site and look for their approval schedule. Look at an approaching date for some ticker then find its board on IHUB. Read some posts and learn how it goes. This is years out for approval of any type and marijuana is illegal. No matter what anyone says, if the current liberal admin is prosecuting marijuana it does not bode well that a conservative admin will either in case of a party change. Good on you for thinking this through and good luck.
Technicals have nothing to do with emotion.
Yes, the 200ma is support at 0.034. I will post another daily so you can see. Nebachaneezer has a good one too. I have lost no credibility, rather gained, and when its said and done, the chartists are generally right. Like I said, if you have any questions I willing to help you. Just saying technical words like "support" does not mean much. However, IHUB is a great place to practice learning tech analysis. Please share your analysis of the chart.
Please describe to the board which parts looks good. Lets see...AROON down is at 100, full sto is below 10, cci heading down, pvo heading down, AND accum/dist going down. Um, what part is looking good again?
Actually I said it at .043 and it did proceed to drop to the 200d. My posts are factual and substantive. You will learn. I am willing to help!
Last chance to get in under 0.05? Daily chart is falling apart.
Prove it.
FYI- The FDA will not take an application without the biopsy results. As lostcoastkid said "thats putting the cart before the horse".
We are waiting for more cold hard facts. I am afraid that based on the history of this company and the pump that occurred the forecast is poor. Please feel free to share some cold hard facts with us. The cold hard facts have wiped out many people who believed in this company. Good luck.
What about the people who said this stock was going to $15?
Great post. If you go back and look at some of my previous posts you will find links to all the PR's that took this stock to its current pps.