Cannabis Science Inc (fka CBIS)

[moviedude25]

Buy the rumor, sell the news.

It's simple really. The traders saw this coming, the pps went up before this PR came out with them antisipating that people would buy it on the news, then the news hit and new people like myself got in here so the pps kept going up until the buying pressure was less and the swing traders started exiting. After the news the only thing that would continue to make the pps go up was stronger buying pressure then selling pressure but buyers don't want to get in at bad prices so they were choosey about where they entered. When the pps started dropping the traders rushed to get out of it before the close to protect themselves, the buyers let the pps go down so they could get in lower so the support wasn't there. Once it got to a point where it looked cheap people bought it again and it went up.

The reason I think it didn't end up green is because when everyone else saw the pps going down some longs took profits and the two combined caused the Red we got today.

All of which is imo