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Not everyone knows what that even is...I've been trading for a few years but I've never heard of "custody services" and can't find anything about that on google either
So at this point it seems safe to say I wont see my money again from this stock...*sigh*
Drop was somewhat expected post ASCO due to several hundred companies releasing data at a time. YMI had great data, but so did other companies. Much of the money lost in the morning was put into INCY. Many companies tanked, like EXEL, SNSS, etc. All will rebound and I full see this as a huge buying opp for YMI. What itches me is that there were actually a significant amount more buys than sells today, especially late afternoon, yet price remained -10%. Each sell had much more price impact than buys that were double previous sells. The stock also OPENED 20 cents lower. This leads me to believe YMI may have released more equity or shares. I think this will be filled quickly and YMI will skyrocket very soon. There was a LOT of buying interest late today that did not really push up the stock price. This leads me to believe we are undervalued and will see a big positive correction soon. Get in while you can :)
-Ivan
Just wanted to say don't freak about the dip. Most of it came from a big block trade. just disregard and continue with a great buying opportunity
Holy shitake. I never knew that my login for thehotpennystocks.com made it so that my posts show up here and vice versa for other members...
6 by december is easy.
2006? wow...did you take advantage and invest more when it dropped to .17?
Like I said, i'd get in at .044. So I'm just calling it now, I'm getting in.
ASCO 2011 ABSTRACT
Background: CYT387 is a potent JAK-1/2 inhibitor. In an ongoing phase-1/2 multi-center study, 108 patients with myelofibrosis (MF) have so far been accrued. We present updated interim results for 60 patients who have completed a minimum of 3 cycles of treatment. Additional information for the entire study cohort will be presented at the meeting. Methods: Patients with high/intermediate-risk MF were included. CYT387 was administered orally once daily in 28-day cycles. Responses were assessed by International Working Group (IWG) criteria. Results: Dose-limiting toxicities were grade 3 hyperlipasemia and grade 3 headache. The maximum tolerated dose was 300 mg/day. The study retention rate after a median of 6.4 months was 92%. About half of the patients experienced a first-dose effect (transient lightheadedness and hypotension), which was self-limited and generally resolved within hours with rare recurrence. Grade 3/4 hematologic and non-hematologic adverse events were infrequent with the exception of thrombocytopenia, which occurred in approximately 25% of patients. Forty-two patients were evaluable for anemia response per IWG criteria (Blood 2006;108:1497) and 33 were red cell transfusion-dependent. In the latter group, anemia response required a transfusion-free period of =12 weeks, while on protocol drug therapy, and capped by a hemoglobin level of =8 g/dL. Accordingly, the overall anemia response rate was 50% and 58% in transfusion-dependent patients. The median duration of anemia response was 20 weeks (range 12-54) and only 2 (11%) of the 19 patients who achieved transfusion-independency required single episodes of PRBC transfusions. Responses in anemia were not affected by leukocyte count (p=0.39), platelet count (p=0.35), circulating blast count (p=0.35), circulating CD34 cell count (p=0.78), karyotype (p=0.67) or JAK2V617F mutational status (p=0.17). Spleen response rate by IWG criteria was approximately 45% whereas the majority of patients experienced resolution of constitutional symptoms including pruritus, night sweats and bone pain. Conclusions: CYT387 is unique among JAK inhibitors because of its ability to induce durable anemia responses in a significant number of patients with myelofibrosis
Make sure to look into INCY's history. They started around $3-4 only about 2 and a half years ago and are already hitting $20 a share. It's quite possible that with good news and results, along with more developing drugs, YMI could quite possibly be where INCY is right now in 2-3 years. This stock is good for both short and long term.
Sorry guys but I've seen enough. I'm all for the eventual MMJ revolution and the overall legalization of it...but CBIS has proven worse and worse each month I read into it, not just stock price, but their overall values and upkeep of business. I would not be surprised if CBIS goes bankrupt even when all this happens. I'll day trade at .044, otherwise I'm putting my main focus in other MMJ stocks. Not to bash, I just don't see this stock doing any good in the future. To the few that stay true like matty simone, i wish you guys good luck in the stock (truthfully) and have a good summer.
What the eff...anyone else notice that a sell of only ONE HUNDRED FIFTY DOLLARS dropped the stock value .002!? Holy christo that's beyond bullshit
May not be directly involved, but Osama is caught. Great milestone for the world. It calls for a celebration IMO and will help to bring us all together :)
Otherwise, continue with your investments everyone and GLTA
I agree Platero. I've been saying it for months, Dr. Bob is a downright despicable CEO. No CEO should ever be a part-timer. That itself will prevent this stock from soaring, no smart investor in their right mind will put a decent chunk into this stock, millionaires don't invest in things like this. That's why I firmly believe if this stock soars, it's not from wealthy investments, but from day traders who caught up in the hype. Then afterward, will see a sharp turn around.
For the last 6 months people here keep expecting some "big news next week" thing to happen, without any insight as to why. The only insight as to why, is because there hasn't been any news in a while, so it must come...I'm sorry but that's a poor excuse for a reason.
This is a message board, people come here to share news, estimates, etc. When every other post is repeating the same thing, it really defeats the purpose of a message board.
Therefore, here's my two cents:
I feel that this stock will see a hit soon, but not until summer. Currently there are far too many other things going on that investors will go into, such as ASCO's meet in June where a ton of biotech stocks release their PIII and other data. These type of stocks have a high potential of doubling in this month alone due to that (examples are YMI, SNSS, INCY and INHX, which is obvious by the last month's charts). Gold and silver is still going up, much change is undergoing in the house, politics etc. It's not until mid-late summer, imo, that investor confidence will bring this stock back up a little bit. But in the meantime, it doesn't make sense for investors to go into this one.
I refuse to get in over .05, because historically by the charts, this stock will drop back down under .05 at some point. Seems to be extremely strong support around .04.
Regardless of all this, I don't think CBIS will ever fully take off. They have strong values but the management is beyond poor. There are many other Cannabis-related stocks that have a higher cash value, better reports, etc. If anything, investors will be more likely to dive into those ones. I think CBIS has the potential to go up to 1-1.4? but cannot retain that for a lengthy period
I'll be in this way past ASCO. ASCO is just the start...By late 2012 it might be 8-9 imo. I just wish I had more money to put in before ASCO, it's almost tempting to take out a loan for this, but I always told myself I would never get to that point
Thanks Don. I've been admins and mods on forums before but never one like this, I wouldn't even know what to do lol.
Austin thanks for your reply. Believe me I've looked at the charts from the past, but there hasn't been any significant events to bring up a change for this company at those points. I believe in 1-2 years the company will have potential due to all the laws in play. Like it or not, there are plenty of people out there who invest in stocks without DD. I am confident from what I've seen in other stocks, that people will dump into this around the time of MMJ votes, federally and for other reasons too.
I 100% agree with you that this stock is on the verge of bankruptcy, their charts are downright terrible. Like I've stated many times before, the company doesn't have good management now. But what can you expect, the CEO is part time. When momentum picks up politically, I do believe this stock will see some light. I'm not saying it will make a 180 turnaround for huge company profit, but it will be better off than it is now.
Oh and like it or not, CBIS will 100% be up tomorrow by close.
Reading this message board for CBIS used to have informative information and speculation. Now it's bickering between children. If you don't agree to the stock, then leave, why waste your time and that of others. There's plenty of terrible/good stocks out there with plenty of investors in both.
When this stock hits back down to .045 I'm going to start getting in. I'm in with Matt that it's a long stock. I'll throw a few in and see how it plays short term. I probably won't start fruitfully adding until a year from now, before the time that I estimate momentum will pick up. If it hits $1 with actual backup support, I may start to move some IRA funds into it too. IMO biotech stocks are the best way to make money in the stock market. They are risky, but rarely have as much risk as other penny stocks. They have potential to grow, but when they grow, they really, really grow.
My problem with this stock and message board.
1.) Stock has great potential, but it's too early. Only Matt Simone seems to understand..it's a long investment. Little can happen in the short term due to federal, political, and money regulations, like it or not.
2.) Pumpers. Even those who don't intentionally pump..."TO DA MOON" is a waste of a post. It gets up hope to newbies, who then lose money. Hope should be the last thing to drive your investments unless you're OK with a high risk of losing money.
3.) Bashers. Many bash this stock without reason. This stock won't get you short returns(excluding day trading), it's a penny stock. Albeit, a penny stock with potential. Bashing without reason is stupid, same as pumping/praising without reason.
4.) Ignorant society. Many still believe weed is bad and harmful. Most people are uneducated in the manner. Until people really understand these things, passing decriminalization laws etc. will be difficult. Even more sad, many MJ drugs to help cure cancer use extracts, not nearly the same as smoking the substance.
Gomez,
I would invest back in at .05 because that tends to be the stock low. I don't see it falling below that anymore, due to investor confidence and the like. It was good to see that at least the company did not want it to drop below .03. Like I said, I'll treat it like it is, a penny stock, until it start gaining momentum, which I believe will be in 2012. At that point with the plausible federal vote will come more attention to the industry, more state medical legalization, and the like. Remember how much the stock soared from Arizona's prop 19? That didn't even have to DO with medical use. but it soared. Just imagine what a federal vote will do. I truly believe at this point these types of stocks will receive much more needed attention, and from that point will have the ability to really start making $ for themselves, the stockholders, and products for people
4.5 - 5 is more realistic imho. I'm aiming for a target of 4 and I'll be happy. I'll probably pull out half of it after it hits 4, this of course depends what makes it get to 4.
If 4 consists of FDA approval; PIII; partnership, then I get out. Those are the main 3 things right now in YM's pipeline to make it bounce(amongst other smaller things). Undoubtedly there will be more things in the future such as new drugs, marketing, etc. But those will be more so years than <1yr. I see plenty of other company opportunities that can bounce sooner, which is why I do love YMI, but I'm in stocks to make money like most of you.
If it gets to 4 before any of those three things hit, then all the better and I'll stay in longer. Looks like so far the 5 million share buy wasn't an institution, then again it may be too early for a SEC filing? But I see no new filings, last one was late March.
Realistically as well, Nimo is not a well marketed drug, but their JAK inhibitor/CYT is. Remember too that even after FDA, these things can take 3-4 years to get moving. YM is still an early stage company, which is doing pretty well regardless. I'm fairly certain that regardless of your short/medium/long position, anyone should do fine in YM.
I as well won't invest until it hits back at .05. I hate to trash a stock but CBIS really has nothing for it. Everyone thinks that because MJ will be legalized soon, that CBIS will profit. Unfortunately there's not even a phase I trial, nor enough funds to file for dividends, nor an FDA trial. MJ legalization doesn't mean that a company that deals with MJ, has the ability to get it off the ground. Speculation will make the price soar from investor interest, but when they see CBIS really can't move up much, it'll go back down.
It's sad that they needed to release PR when it hit .03 cents to avoid failing for the dividend qualification, or at least so some people believe.
Like I stated a while ago...Dr. Bob is a full time teacher, how well do you really think a company can do with a part-time CEO? As good as his intentions are, he doesn't have enough resources or time to devote fully to this company. It's a project more than anything in my eyes.
5 million even shares sold with little impact on price, immediately rose after. High possibility of company buyout/merger with 5 million share trade between an institutional owner to the new parter/owner. Although still a risk of this not being the case, I highly recommend putting in some
Wonderful, thank you :)
Harley where did you find that article?
You guys are also forgetting FDA is under severe scrutiny right now and the government plans to cut funding. This puts a damper on most biotech and medical stocks that require approval for growth. Because of that, expect your long terms to be even longer.
Unfortunately too, the prospects on this company are as they were back in November when it first caught my attention...dismal...
CBIS rarely seems to go +/- more than 3 days a row. I'd say tomorrow will be up or even, but of course it's really difficult to predict these penny ones.
I love the concept behind CBIS but until they do some management improvements, I'm treating this like a penny stock and day trading.
Yeah, depending on how much extra funding I can supply to my scottrade, I may or may not try for SNSS on Tuesday, I like what I see for the most part, it just seems a little longer term.
GLTA
Sure. Here's the link:
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=ym
Looks like our beloved CEO david allan sold almost $350,000 in shares along with one of his coworkers at the 52 week high. These bastards really show how much they care to maintain a stock price...luckily I am convinced it does not mean that the stock has any bad news coming up, rather, that it's going to be a while before any large jumps. My reasoning behind this is Mr. Allan seems to only sell quarterly, so he probably won't sell for another quarter (which would be near ASCO time), where the next big jump will be
I'm a fan of the biostocks because they have incredibly high upside potential. Plus, they are driven muchly on faith and news, so as long as a company releases good news or good prospect, you are usually safe in assuming the next few months of growth. At least, from what I've noticed. I'm honestly not too too familiar with the Chinese market, but considering the constant news on their growth etc I'm sure your stocks in that field will turn around soon too :)
Not a prob harley!
If only they'd finally get around to a merger or something sooner...Daddy wants a new car!!!
http://community.nasdaq.com/News/2011-03/30-small-caps-snapped-by-smart-money.aspx?storyid=60805
mentioned on NASDAQ community as a good upcoming corp.
More PR = more exposure
http://ymbiosciences.com/investors/events.php
CEO Nick Glover will also be presenting on the 9th and 14th at stock conventions
Institutional holdings have gone up incredibly high. Big investment companies are now interested. They've only started to invest, so near term and mid term should have fantastic results.
So, 13-18% rise tomorrow? Hope you all got in on Friday and good luck.
They are bashing cuz they are trying to reach out to some "suckers" that read these boards, and tactfully scare them into selling real low....they are on every board...since it is a penny stock still...
and highly doubt that some of them are even invested here..so its' easy for them to bash.