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Re: mckinley1 post# 109887

Monday, 05/26/2014 7:23:34 PM

Monday, May 26, 2014 7:23:34 PM

Post# of 129054
Helpful post, I agree entirely. Although I prefer the MJN@ ticker over CBIS I admit that it has accumulated its' way into a good price range and with steadily increasing volume and price on the 5 day chart it looks like a decent buy for a swing. Last Friday we had a bit of a shocking dump mid-day but there was ample demand and it quickly bought its' way back to weekly highs, another good sign that the bulls will stay in control here, at least in the short - term.

Going back in time we see that a big run happening this quickly after its' last run is not typical, but with its' market cap being less than $100M atm I think that there's a good chance it at least makes a swing to establish a new resistance - near $0.20.

100% gains within a quarter on a stock with decent liquidity, I consider CBIS a buy.

How could I make such bold presumptions you say? Elementary my dear Watson, I enjoy speculating.

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