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no excuses. it just confirms what we told you for the past 3 weeks. nobody cared about seeing the Biopsy because they already knew the results. No surprise.
THC cures cancer. It's already well documented. No surprise.
I'm not saying the Biopsy will do nothing, this is BIG news, but it will take it a few days and give it that constant push over .24.
just wait.
To answer your question, CBIS was already up 1600% simply on speculation of the biopsy.
As others have said, it's a really good sign it's holding up here, volume is consistent and very healthy. chart is healthy.
The documentary is tomorrow. It will take a few days for the news to spread further and big money to come in. The chart still looks beautiful.
I know, but I would like to have had over $100,000. There's a reason for that...
When I first started trading it was in 2008 just 2 months before the crash. I was brand new, didn't know how to read charts or anything. I traded myself to nearly 0 :(
Now I know tons more but I am having to work my capital back from a very small amount.
There will probably be an opportunity to swing trade this and increase my position but theres so much news I'm afraid I will miss it.
So far it's been pretty orderly trading actually within a nice braod strong up channel.
I'm jealous!
370K shares. I only have 50K. I wish I had more cash to add in. I could sell a couple other stocks but they are in decent setups so I'm waiting. Probably better to be in CBIS since it's running strong.
I almost wish I took that small swing trade, between .165 and .14. I saw the div on the shorter timeframes but wasn't able to watch stocks all day yesterday. I don't want to get squeezed out or miss the next wave up.
Still it's tempting to try to swing my position up a little :)
I'm expecting consistent accumulation throughout the month, as the documentary airs and the people who watch it tell their friends. It could possibly go viral with facebook and social media outlets as well.
I'd like to see them play this in LA, SF, IL and maybe NY and D.C also.
Gomez is right.
The dillution must explain the run-up from .01 to .15...
wait a minute..
that doesn't make any sense..
hmm
:) thx.
Daily chart with prediction lines...
http://stockcharts.com/h-sc/ui?s=CBIS&p=D&b=5&g=0&id=p07591390222&a=262941379&listNum=1
1, 5 and 30 minute charts look great.
Here's an annotated link to the 30 minute.
http://stockcharts.com/h-sc/ui?s=CBIS&p=30&b=5&g=0&id=p15908901039&a=263447631&listNum=1
I got into this at .01 and have a cost average of .035. This is NOT going to .10. A lot of people who missed the boat are coming out of the woodwork.
It's not going to drop to .08. Haven't you been paying attention?
Besides that, there are regulatory concerns. You cant just come out and say we cured cancer without FDA sponsored clinical trials, or they will shut you down. I think that's what this big pr campaign is about. If they build a large enough communications base they can get around these obstacles.
Are you back in?
Great question. We've known for a long time that pot smokers do not seem to get lung cancer. Btheyve never been able to confirm a lung cancer case solely o pot smoke, to the best ofmy knowledge. This would run counter to expectation since several carcinogens are present in pot smoke, and in any combusted plant material.
It's likely that the THC counters tenet effect of the existing carcinogens. That said vaporizing or ediblesarestill safer andhealtier for you.
Me too! Good luck.
Chart pattern is very bullish right now. It's rare to find such broad and solid up channels
That's cool that u admit it. Next target .18 .24 .40 .57
Today could close anywhere between .16 -.20. My guess is around .18. I think tomorrow will be an even bigger candle. Look at last time the bollies broke
Today could close anywhere between .16 -.20. My guess is around .18. I think tomorrow will be an even bigger candle. Look at last time the bollies broke
Hmmm I have another $1000 to put in CBIS that is in a dead money penny stock with only 5-10k avr volume. I'm down 75% on this one.. (don't ask :))
I'm trying to decide if I should sell it and buy more CBIS or wait probably months for the possibility that it will turn around. Weekly chart on this other stock has some weekly pos div over MACD but it's spanning over 18 months so it will. It be a fast move up.
Thinking CBIS is a much better value as CBIS IS an easy 2-3x from here and then some long term
Lol, even FDA related news? Come on u are nuts.
Consolidating and will retest the Billie and .16. Lots of support here, intaday looks good
Lol, even FDA related news? Come on u are nuts.
Consolidating and will retest the Billie and .16. Lots of support here, intaday looks good
Gomez, you are cracking me up.
Did you even bother to look at the chart I posted? What do you call that? Do you not see the CONSISTENT trend line? You must know nothing about technicals if you can't see it. It's in black and white right there for you to see it.
Penny stocks are definitely more prone to news and speculation but that does not mean you ignore technicals. The only time that's true is when a penny stock has very low volume and then it can introduce alot of noise or even make the technicals useless.
Hey there JVL,
Welcome to CBIS.
Sorry to hear you caught caught at the .24, but you did a VERY good job of cost averaging back in. .15 is a great price in the long term. I'm lucky, my cost average is at .035.
Here is the trend channel I see:
http://stockcharts.com/h-sc/ui?s=CBIS&p=D&b=5&g=0&id=p07591390222&a=262941379&listNum=1
Although biopsy news could cause some major buying up to .70 and it's not impossible, I would be surprised to see it this week. However this week I think seeing .18 - .24 is very realistic and possibily a break of that.
I do see over .50 and to .75 even in the short term, just would be surprised to see it this week.
BS, penny stocks are just like any other stock. Technical rules still apply. PR and speculation have alot to do with it, but that's true in the big caps too.
If there were no technicals you could not draw channels and use indicators to trade pennies. Since you can, your theory is wrong.
How can you say it's not a chart play?
Did you see the chart I posted?
http://stockcharts.com/h-sc/ui?s=CBIS&p=D&b=5&g=0&id=p07591390222&a=262941379&listNum=1
If it wern't a chart play, you wouldn't be able to draw a big thick trend channel and predict the tops and bottoms. But there it is in black and white.
you are right that it is a news play also. This chart will continue as it is drawn until either unexpected or major news hits. If the biopsy results come late that is fine, the uptrend is still in tact. plenty of reason for this to goto even $1 without that news.
If we ever get major major news like biopsy confirmed, or beginning FDA clinical trials you are right, you can throw the chart out the window for a while while it jumps to entirely new levels.
Uh, I know it went down since then. What are you atlking about?
I bought in at .01, .03 and .10. My average is .035.
The next targets are: .24 .40 .57 .77 - to the upside...
first of all, I've been around here since the last run.
Second, I know how to read a chart and know when KEY indicators are broken. All of the last runs were brought down against a major downtrend.
The downtrend is now broken and we are forming a very very strong up channel.
Different rules apply.
Chart looks fine. I suspected that .16 would be the first intraday resistance yesterday. A double top with a .005 is hardly worth trading. .15 is the support. Too easy to get flipped out. Imho, next stop .18 and then more upside
you probably know this, but HEMP oil is good for you but does not treat most of these conditions. It's HASH oil with the psychoactive cannabinoids that actually appear to treat the cancer cells. Full spectrum is important because HEMP oil is the perfect carrier and adds the 'multi-dimentional' aspect they talk about in the documentary.
sorry not going back to eight, lowest would be .11-.12 and only if you are lucky. More likely is a run starting Monday.
Lay off Gomez; he just doesn't how how to read charts. Let him flip and sell early and miss the ride. Just help point it out and then it's up to him.
Ok,
Back to my real comment...
I just wanted to say that this is one of the best boards I've seen. There's not alot of bickering or stupid comments. People are positive but also realistic.
Several on here are good technical traders and have identified very key levels. Others are on here because of the fundamentals and the future prospects.
GLTA
Hi bab1,
welcome to the board.
I'm sorry but i have to disagree with you here.
1) Apple did not become successful because they gave away computers. Apple made tons of strategic errors in the beginning, this included as well as product design and closed architecture issues.
It's not until AAPL completely reinvented themselves as the perfect consumer gadget that they became the 'cool' brand.
2) It wasn't Cannabis Science that said they were giving product away for free, it was the other guy from California. Sorry I forgot his name. CBIS is not the only one in the medicinal cannabis business but they are by far the most positioned to gain market share and have Dr's, Academics and executive leadership.
you don't know whether the patient has had the biopsy. the last info on that was from at least two weeks ago.
second, I'm not opposed to swing trading, but you can see the chart. Now is the time to BUY not to sell on a swing trade.
I've seen every top and probably should have taken it but can tell you that this is still the bottom of the next wave up.
I just added to my position substantially. Now I have enough that I feel comfortable swing trading half of it, and will probably do so when the time is right.
Hi Gomez,
I've been watching your posts for a while. You seem to be what I classify as a 'nervous trader'. You see a little bit of green and want to jump out.
I am going to post a link to a chart I have annotated. The chart is pretty clear, CBIS is in a STRONG uptrend with a STRONG channel. A channel this thick should have a long and strong run with multiple waves. I believe we are just seeing the beginning.
There are many reasons CBIS may be waiting to release the biopsy news.
1) Seeking additional tests and confirmations
2) Timing with the April 5th documentary and subsequent press-releases and interviews
3) Legal considerations and certain precedents.
CBIS is probably very well trying to cover their ass and make sure that they have irrefutable proof and that they word the press release very carefully.
Meanwhile, CBIS could head to .70-$1 this year alone just on election speculation and more states legalizing. Look at the 2008 run when it was on the California ballot; Therefore, there is no great rush to release the bioposy results prematurely.
I'm glad they are taking their time and doing proper due-diligence.
LINK:
http://stockcharts.com/h-sc/ui?s=CBIS&p=D&b=5&g=0&id=p07591390222&a=262941379&listNum=1
Trendline support at .11-12
Trendline support at .11-12
There are multiple studies showing THC kills cancer. I'm skeptical that we knew this for forty years but likely 10 - 15.
Besides some well documented research, which you can Google, have you noticed that pot smokers rarely as is virtually never get lung cancer. How could this be, all combustible plant master contains carcinogens.
This is going .24 to .40 min before a pullback
Yes, long term targets could go over $1, especially with November election hype, all this positive media attention, cancer cure.
Obviously if they get FDA approval this will go over $20.