InvestorsHub Logo
Followers 8
Posts 419
Boards Moderated 0
Alias Born 11/25/2008

Re: SurgeGuy2.0 post# 56060

Monday, 04/02/2012 11:35:55 AM

Monday, April 02, 2012 11:35:55 AM

Post# of 129051
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.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.