Most people will not make this themselves, even if it were easy enough. People like off the shelf products.

Agreed, interest is surging.

It takes a while to learn to distinguish an intraday pullback, daily pullback and signs of an actual top or trend reversal.

Macd still positive on daily and weekly, no neg. Divergence say this will continue higher. While a greater pullback to say .11 -12 is not totally out of the question, I'm about 75% certain we will see this stay between .14 and .24 and set the stage for a higher move over .40

Healthy Consolidation-Technical Analysis

.24 to .14 is actually healthy consolidation after the straight run-up from .01 to .24, with only one minor retrace along the way.

Today's chart posted a black spinning top. It does not matter if it had closed up one cent or down one cent today. The message is the same, consolidation with profit takers at the higher end .24 and new buyers coming back in in the lower end, .14. Some of the people who have been holding since the lower end .01-.03 are selling out and new investors are coming in at the higher numers.

Some reasons why the trend is still up:
- Price is still over the top BBand
- Today has likely tested both short-term support and resistance. The trading range is now .14 to .24.
- Near term resistance is near the 200MA near the .24 mark
- It should trade between .16 and .24 for the next couple of days until it makes a flag or pennent and breaks out to higher levels. News could cause a surprise breakout or gap higher.
- .35 - .50 is where the weekly char points. This would support a fresh golden cross. (The daily of course has already posted a golden cross)
-P&F Chart using Average True Range is now posting a bullish trend
-Weekly stochastic and MACD still point to continued momentum upward
- A weekly close over .14 would be very bullish and point to continued breakout
- No negative divergence is present.
- Super strong volume 15% over yesterday.

Today would have been a great day to flip, and sell out at the top range of .24 and buy back in at .14. It remains to be seen whether we will get another chance like today; my guess is chance for swing will be limited and at least tighter then today.

Also, I've heard a few people say the MACD is 'overextended'. Acually it's quite the opposite, the double positive wave of the MACD is indicative of a very strong up-trend. It is found on some of the big momentum plays like Apple (AAPL). The MACD does support that there will be consolidation between .14-.24 before the move higher.

Happy Trading.

Stupid question... Can you day trade penny stocks? I use ib. Do I have to have 2x capital in the account to prevent getting a 'round trip'

Can Cannabis extract treat hairless?

ok, I heard someone mention this but I didn't take it seriously last time.

Now I'm wondering, is it possible this product could encourage hair growth. Anyone know how cannabis effects DHT. Obviously it's role in inflammation would likely be positive.

I'm hoping for over $3 so i can turn my 33k share nvestment of $350 into 100k. Is this over-reaching

Why over $1


1 part speculation
1part product nation wide distribution = revenue
1 part cancer / FDA
1 part other products in pipeline

2012 will create a natural speculation and investment surge in cannabis stocks. You can see this last to,e in 08 when California was going for legalization. Now there are what... 15 states now?

The a&e show will just bring even more investors CBIS way

sativex has a real shot with the FDA,NAND now with Walgreens exec pharmacist as COO, CBIS. Has a real shot.

Bleeding edge news and press releases. MAnagement team is starting to earn their stripes

I agree with your projections. I wish I could buy another 30-50k but it's hard to do when you get in at .o1. However going from .10 to .50 is still another 5 bagger

What is your PPS Target for short/medium/long term?

Besides, technicals are also in play here.

50/200 Golden Cross, Strong MACD, Strong Volume.
Election hype on the horizon, could move this near or over the $1 IMHO

Well it's only fair, since the 'real' PR of the Walgreens COO didn't get much of a PPS bump.

So I'm good with it :)

I'm jealous. I want 200K. I only have ~35K :(

I'm jealous. I want 200K. I only have ~35K :(

Agreed with the last poster. The COO is a total game changer. Sativex is also awaiting FDA Approval. CBIS getting the Walgreens Exec Pharmacist gives us at least the same chance as Sativex. And Sativex has a pretty good shot.

There is actually a REAL shot at FDA approval here.

Fluff PR?
An 8 part A&E documentary that will bring lots of attention to CBIS and more investors is NOT fluff.

Neither is the new Wallgreens Exec pharmacist who is now COO. The stock barely moved on that one, but it is by far one of the post significant PR's to date.

Yes indeed.

Golden Cross; Strong MACD, Strong Trend Channnel. Strong Volume.

I have about 33K shares + whatever dividend ever comes out from the shares I had a while back.

What does everyone think CBIS potential is? Over $1 Near Term? Over $3? Is over $5? Posssible?

Personally I can see over $1 easily just on election hype plus with the new COO and this Documentary, $1.50? Maybe more. FDA Approval and of course this thing will probably be over $20 overnight;

what is everyones targets for:

Pre-Election
Post-Election
Nation Wide Distribution
FDA Initiation
FDA Approval

I'm sure I'm missing some milestones in there.

In addition; you can see consistent bullflags; Very nice pattern. Flag, Flag Flag, and now I see a larger flag forming, fractal flag, meaning another move to .13 - .14 forming.

Golden Cross:

Agreed on the golden cross. IMHO the Golden Cross has already happened (in the future). Usually when price has a significant jump over the 200 like it has now, the cross will happen. Theres plenty of room for it to consolidate while we wait for the 50/200 cross, Price could stay anywhere between .06 and .04 during that time. News could make this launch even before the golden cross.

Very bullish chart pattern.

Two inside days in a row; we are forming a bullish pennant.

I didn't say we needed double-blind studies(yet). I am totally up for hearing anecdotal reports, but that is different then someone saying "since cannibus seems to be effective with cancer I bet it treats acne too!"

I dunno I just got the feeling it was made up. If someone wants to try it and report back that's a different story.

ok seriously what is with this cannabis cures pimples. Why are shareholders making stuff up now.

Is curing cancer not good enough?
I'm not saying that it couldn't cure acne but theres been no studies that I know about.

Stop making stuff up!

I see support at .040-.041 level. Not only does this have Ickimoku support here it is also the 50% FIB retrace. CBIS could get a quick flash to the 200 MA at .034 which also happens to be the 61.8 FIB level. Any accumulation between .04 and .05 is good IMHO.

Chart is very strong. Positive news is still pending which could cause another run despite any technical (news & fundamentals redefines technicals).

For the longs that got in and see the price coming down, hold your posisition and buy more in the .04 - .05 range. If you want to realy try to get the best price you can shoot for low .04s or high .03s but I wouldn't count on it breaking that .04 line.

totally healthy profit taking, Ickimoku confirmation, bull trend in tact and confirmed, 50/200 cross is building, may be some consolidation in here or it could launch higher upon more news.

Agreed, I think I've decided to take a second position and try to swing trade that and just hold my initial 33K position

If you were going to try to swing trade this to accumulate more on the way up is there any place you would sell and then try to buy back at?


I agree this is headed for sure over .25, probably over .50 by election day. Could even go higher depending on the news.

I have 33K shares, I want to swing trade some to get more shares but I don't really want to risk being out of the trade if it continues to explode upwards or mistime something.

I'm thinking that I can try swing-trading with a second position and keep my 33K as a base so I won't lose anything.

Any thoughts?

My technical analysis shows this is going to .26 on the weekly chart.

I'm kicking myself cause I didn't buy more. 33K shares and holding.

I don't want to try swing trading my core position but maybe I can add a second position and swing trade that and try to accumulate some more before the monster run.

profit taking; chart is still strong.

sad only have 32K shares. why didn't I buy more :(

sad only have 32K shares. why didn't I buy more :(

agreed breaking .07 will send this back to .15-.25

agreed, I'm trying to find some technical levels; but realy technicals only work when news is stagnant. As news and fundamentals change it could rocket higher.

I would love to trade in and out like that. I'm trying to figure out where a good place to take profits are. Chart is VERY strong and I could see this getting back to .20s and then higher if we keep getting good news and 2012 election hype.

But it could pullback for dips along the way. I have 32K shares at .01. I sooo wish I had bought another 50K shares or so. I don't see this pulling back to .01 but maybe if I sell everything and buy I could get a good pullback somewhere along the road and accumulate more.

Anyone on here have a good feeling for a good profit point, I think .052 is just a little early, I'm thinking close to .07. but the weekly chart looks so strong too it could rip through that too.

You and I are in the same boat. I have 32K shares but I wish I had closer to 60-100K in shares. At least getting to 60K should be doable for me unless it continues to explode upward this week. I'm making another lage purchase this week and don't have alot of free cash.

So if you sold your shares in 2011 after the record date; and bought more now; you don't get a divy?

:(

Totally agree. So I'm trying to decide if it's worth buying like another 10K shares. Do you see any pullback? Chart is very bullish. My technical analysis is telling me that this could pullback to .02 by mid feb and still maintain it's bullish trend before another launch; but with the momentum we're seeing and the news it could also just keep running up to .07; a break of .07 would give it another launch higher and it would likely never come down to these levels again.

Any thoughts?

My gut is tellig me I should buy more.

FDA approval could be a real thing; they are already looking at and getting pressure for other similar things. It will likely not be a fast process but I beleive it will happen eventually.

What do you think the potential of the stock is. Obviously if it gets FDA clearance it could be a $5-10 stock or more. But what about more short term?

I see .07 then run to .25; some Election hype might take it even higher.

All these good press releases could give it momentum and take it to $1; Gotta see how their revenues are doing as their products start making their way through dispensaries also.

I just feel like I'm not holding enough; I wish I could have held 60-100K in shares when it was on the cheap. I can still do it but I have cash tied up right now (buying an engagement ring :) )

What is a 'good amount' to hold of this stock. Just curious what you guys are holding. I'm holding only 32K of shares.

When is the DIVY happening? I had about 10-20K of shares back during the DIVY window