InvestorsHub Logo
icon url

ospreyeye

01/11/12 5:10 PM

#33366 RE: GioMustang #33350

I could see more consolidation at this level......

How much more ammo do they have at this time?...

Today's PR couldn't close CBIS green.....

That's very telling.....

That said, people believe in this stock and more importantly they believe in the medicine.......

You can't box people in......they think irrationally and more often than not they trade w/ emotion.......

Most CBIS longs are emotionally tied to this stock and will cont. To increase their position regardless of the chart and indicators..........

As long as the Co. Doesn't dilute so heavy that they reverse this Bullish move this uptrend can cont.......

I predict more consolidation......if support holds and the good news keeps coming CBIS could break this 3 year downtrend and head higher.......so far the 3 yr. Downtrend is still intact.....$$$