Marijuana may be the key to curing cancer

[KentalCowtipper]

Originally Posted by Autotune [You must be logged in to view images. Log in or Register.]

i think he is trolling to increase his stock value. Probably what that entire stock/company is all about.

Yeah Stealin.. 100 mllion shares traded yesterday.
40 million dollars worth of shares traded so far this week.

Do you think this is some fly by night scam? I've seen penny stock scams but I have yet to see one where Wall-Street en mass hopped all over it like white on rice.
I've seen 3 and 4 million block purchases here at .20 + a share - thats 600k-800k. No one invests that magnitude in a penny stock scam. Its either institutions or fund managers.

The buying pressure and the price rise tells the story. Also if you invest too man check out the Lev2 bids/asks and how they're stacked.

[Orruar]

Originally Posted by KentalCowtipper [You must be logged in to view images. Log in or Register.]

Yeah Stealin.. 100 mllion shares traded yesterday.
40 million dollars worth of shares traded so far this week.

Do you think this is some fly by night scam? I've seen penny stock scams but I have yet to see one where Wall-Street en mass hopped all over it like white on rice.
I've seen 3 and 4 million block purchases here at .20 + a share - thats 600k-800k. No one invests that magnitude in a penny stock scam. Its either institutions or fund managers.

The buying pressure and the price rise tells the story. Also if you invest too man check out the Lev2 bids/asks and how they're stacked.

Which is why the institutional ownership of this stock is 0%? Do you know how to read financial reports? I'd suggest taking a look at their financials, it's not pretty. I'd also suggest you cash out with your big payday now. The stock can't go all that high, considering that even if this ends up being the cure for cancer, they'll have to issue a buttload of new shares to raise the capital necessary to cash in on their discovery.

[KentalCowtipper]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

Which is why the institutional ownership of this stock is 0%? Do you know how to read financial reports? I'd suggest taking a look at their financials, it's not pretty. I'd also suggest you cash out with your big payday now. The stock can't go all that high, considering that even if this ends up being the cure for cancer, they'll have to issue a buttload of new shares to raise the capital necessary to cash in on their discovery.

Orruar I highly doubt they will go the route of dilution. Much more probable is obtaining partnership if this is proven valid.

Time will tell. I know I'm up 5k and freerolling 40k shares atm; whats the harm in me sitting a while and waiting for the biopsy results?

Yes I've taken a look at their financial statements. Many small cap pharm/medical companies are in the same boat until they come up with one winning product or idea. Take a look at Jazz Pharm. It was as low as .10 cents 3 years ago in 2009. Its a $46 a share stock now.

I know that CBIS recently hired several new full time employees. I know they have phenomenal potential and obviously people are willing to invest in their company and product (100 million shares traded yesterday; 40 million so far today).

As to the institutional ownership - you know as well as I do the vast majority of hedge funds and institutions will not invest in any company under 1.00; most even go so far as to set a 5.00 cap.

What figures are you looking at from the most recent institutional holdings? When I look at the NASDAQ site yes, you're right it lists none - along with no other holders of the stock. You know share ownership for stocks that are under .10 is almost never properly accounted for let alone one that was recently at .009 -

http://www.nasdaq.com/symbol/cbis/in...ional-holdings
http://www.nasdaq.com/symbol/cbis/ownership-summary

Notice it lists no one owning any shares.
I've watched 3 and 4 million buys hit at .20 the last couple of days. Who else but an institution or hedge manager drops 800k on a single stock? Some funds/institutions do invest in penny stocks but the majority do not. What else can I say.

If you look at the 50 dma its forming a cross around .164 that I can see. That seems to be the current resistance from this point forward.

Until we get further news - like the biopsy results. Then it wouldn't surprise me to see another 60-70% day like yesterday. And the day before that.

[KentalCowtipper]

Xat some institutions and hedge funds do invest in penny stocks.
Or i guess it could be one really big buyer who is pro cannabis - say Soros. Only other think I can come up with that makes sense after I watched 25 million shares traded in the first 30 minutes yesterday.

[Xatava]

Originally Posted by KentalCowtipper [You must be logged in to view images. Log in or Register.]

Xat some institutions and hedge funds do invest in penny stocks.

1. No they don't
2. regardless, http://www.google.com/finance?q=cbis notice the 0% institutionally owned?

[Orruar]

Originally Posted by KentalCowtipper [You must be logged in to view images. Log in or Register.]

Orruar I highly doubt they will go the route of dilution. Much more probable is obtaining partnership if this is proven valid.

Time will tell. I know I'm up 5k and freerolling 40k shares atm; whats the harm in me sitting a while and waiting for the biopsy results?

The price was at 0.16 when I said to sell. It's now at 0.116. Hope you cashed out some of your lottery winnings. At this point, you're the chronic gambler who just won a roll of roulette, and now you're putting all your winnings back out on the table, in hopes that they live up to the recent hype.

[KentalCowtipper]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

The price was at 0.16 when I said to sell. It's now at 0.116. Hope you cashed out some of your lottery winnings. At this point, you're the chronic gambler who just won a roll of roulette, and now you're putting all your winnings back out on the table, in hopes that they live up to the recent hype.

Orr thanks for the concern man. Read my earlier posts - I did cash out a good chunk at .2215; then bought more with some of the profits. I had 60k shares averaged in at .021. I sold 45k at .2215, then bought back at 25k at .16. Leaving me with 5k profit and 40k odd shares that are 100% free and paid for.
Whenever I hit a 2 or 3 bagger or more (like this but not very often do I see a 11 bagger) I always try to protect profits yet freeroll a sizable chunk too. Wish to god I would have done that with JAZZ back in 2009. I got in at .16 but got greedy and sold my entire position at 1.40. I was convinced it would tank. I ask myself to this day why the fuck I didn't keep 10k or even 5k shares. 10k shares would be close to half a million today [You must be logged in to view images. Log in or Register.] Why I leave some of the profits on the table as freeroll shares.

How is that chronic gambling? This stock is highly volatile. After rising from .009 to .245 in 2 weeks its going to need to gap down and fill the gaps - 74 million shares traded today. It had a couple of days of 50%+ gains in a row; today it retraced 30% and filled a lot of the gaps. My only regret with CBIS is that I wish I would have waited until today to rebuy the 25k shares instead of yesterday- would have been freerolling over 50k shares instead of 40k but oh well. I can't get too greedy.

Keep an eye on this and you'll see it hit .25+ in March; likely within the next week when biopsy results come out.

And FYI - check after hours and the Lev2 bid/ask stack. Its not down to .10 a share - closed at .1165.

CBIS CANNABIS SCIENCE INC COM
0.1165 -0.0465 (-28.53%)
Bid 0.1021 Ask 0.17 Vol 74,701,064
Real Time Quote by OTCBB @ 8:20:55 PM EST

[KentalCowtipper]

Originally Posted by KentalCowtipper [You must be logged in to view images. Log in or Register.]

Orr thanks for the concern man. Read my earlier posts - I did cash out a good chunk at .2215; then bought more with some of the profits. I had 60k shares averaged in at .021. I sold 45k at .2215, then bought back at 25k at .16. Leaving me with 5k profit and 40k odd shares that are 100% free and paid for.
Whenever I hit a 2 or 3 bagger or more (like this but not very often do I see a 11 bagger) I always try to protect profits yet freeroll a sizable chunk too. Wish to god I would have done that with JAZZ back in 2009. I got in at .16 but got greedy and sold my entire position at 1.40. I was convinced it would tank. I ask myself to this day why the fuck I didn't keep 10k or even 5k shares. 10k shares would be close to half a million today [You must be logged in to view images. Log in or Register.] Why I leave some of the profits on the table as freeroll shares.

How is that chronic gambling? This stock is highly volatile. After rising from .009 to .245 in 2 weeks its going to need to gap down and fill the gaps - 74 million shares traded today. It had a couple of days of 50%+ gains in a row; today it retraced 30% and filled a lot of the gaps. My only regret with CBIS is that I wish I would have waited until today to rebuy the 25k shares instead of yesterday- would have been freerolling over 50k shares instead of 40k but oh well. I can't get too greedy.

Keep an eye on this and you'll see it hit .25+ in March; likely within the next week when biopsy results come out.

And FYI - check after hours and the Lev2 bid/ask stack. Its not down to .10 a share - closed at .1165.

CBIS CANNABIS SCIENCE INC COM
0.1165 -0.0465 (-28.53%)
Bid 0.1021 Ask 0.17 Vol 74,701,064
Real Time Quote by OTCBB @ 8:20:55 PM EST

Orr you watching the action this this morning?
Textbook Market Maker manipulation -they walked it down yesterday and took out a lot of the stop losses and are letting it run today.
Interesting to add to the mix is the accumulation (not plain churn) paterns I have observed over the past week.

CBIS CANNABIS SCIENCE INC COM
0.1488 0.0323 (27.73%)
Bid 0.1488 Ask 0.1489 Vol 8,402,290
Real Time Quote by OTCBB @ 9:50:04 AM EST

[Aviann]

Let me take a pill the size of a plain M&M, that I know will get me fucked up for 8 hours straight in daze. It will also prevent me from thinking and can possibly give me a down after its done.

[Orruar]

Originally Posted by KentalCowtipper [You must be logged in to view images. Log in or Register.]

I know they have phenomenal potential and obviously people are willing to invest in their company and product (100 million shares traded yesterday; 40 million so far today).

...

I've watched 3 and 4 million buys hit at .20 the last couple of days. Who else but an institution or hedge manager drops 800k on a single stock? Some funds/institutions do invest in penny stocks but the majority do not. What else can I say.

When the entire number of outstanding shares are traded in a single day, you have to know a whole lot of flipping is going on. Also, do you realize when you look at the volume information somewhere like Google Finance, they aggregate all the trades over a 2 minute window? That is often dozens or hundreds of trades. In fact, looking back over the past 2 days, there's only two 2 minute window where more than 3M shares changed hands. Your theory about people buying up huge blocks of shares is unfounded. I'll have my brokerage window up tomorrow and will look at the bids/asks for any of these huge blocks. At this point, I think you're looking for excuses to keep riding this bet. Chronic gambler indeed.