The move was unsustainable - since so may people had profits there was panic selling when they saw the reversal - everyone trying to get out at once to try and keep their profits combined with some people who chased it up in the 20's - either way it was parabolic and unsustainable as many people said pre - opening. It has absolutely nothing to do with where the price is headed - there were plenty of people spewing BS about charts when it was in the .05 range - they aren't here any more. It's a pullback in an uptrend - and there is still major news pending - there is huge upside considering where the stock was a year ago without news even close to as good as what we have had and what is pending - combined with the entire sector moving up imo
This stock is primed and ready for news...I'm sure IR knows alot but not everything...It would be insider info for him to give out upcoming PR.. Someone here said he talked to Kane and thinks the A&E show with Brett is going to take this stock to 1.00 The 4 Products about to be announced will be on the show...what better way to bring it to a MAJOR network that will air the shows over and over again... I have seen a company that sell Algae products for health.... ticker CYAN that is trading up in the 9.00 range it was below 1.00 just a couple years ago ... CBIS has a comparable health products and they CURE CANCER! entering 3 billion dollar Market.I know what products will sell and I think CBIS products will gain underground popularity then explode into the limelight /mainstream....our new COO has the backround and the motivation... Get ready to Gap up....CBIS
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