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#71
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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. | |||
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#72
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You don't seem to understand. Peoples' personal opinions about smoking pot is irrelevant in the face of a success rate being no different than the rate of spontaneous remission.
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#73
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No one is going to go to your website. You can stop tooting your own horn over your stocks no one cares about and advertising for it.
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#74
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#75
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Feel sort of bad for the guy, but this is what happens when one desperately needs to believe. No amount of reason will sway them.
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#76
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#77
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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. | |||
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#78
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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. | ||
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#79
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I quite smoking 5 days ago, and I only desired pot for the first 3 days. Didn't sleep well, didn't eat well, and felt MILDLY nauseous at times . . .but what you're describing is a heroin addict, not your average pothead. Seriously, weed isn't a great thing to be indulging in everyday as I did, but it's not the devil, and it wont control you unless you're predisposed to addiction- in which case you could just as easily become "addicted" to sweet, fatty foods . . .like a lot of America right now. Quote:
__________________
Maern - Enchanter
Cyic - Shaman Shigal - Crapromancer As they ground to make XP holy . . . let us twink to make it free; our EQ marches on! | ||||
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#80
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sorry, someone had to call this out wtf? | |||
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