Marijuana may be the key to curing cancer

[Autotune]

hardly interdasting. I've been tomfoolerized

[Uthagain]

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

hardly interdasting. I've been tomfoolerized

And still more interesting than the other.

[Autotune]

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

And still more interesting than the other.

yeah, i guess the other just has sentimental value [You must be logged in to view images. Log in or Register.]

This one is just sad that it's even a debate lol.

[KentalCowtipper]

I purchased the shares over the last 3 weeks with an average pps of .021 - got some when they were even .009 a share. Insane to watch a .009 stock hit .24 cents.

Anyway I ended up getting nervous with the Lev2 ask/bid levels and the trading pattern this morning (spike to .247, then back down to .23 on 1.5 million volume) so I sold 75% - 45k shares - of my position at .2215 - should have hopped on .23 but I wanted to watch the 5 minute directional trending.
Figured regardless of what happened I would free-roll the other 15k shares.

I cleared 9957.50 on my sale of 45k shares. I paid 1260 the 60k shares netting me 8697.50 in profit and 15k shares freerolling.

Sitting here laughing - best decision I made in a long time in the market (other than buying this in the first place).
The Market Makers (Manipulating SoBS) have just walked this down down from .22 to .145 with about 10 million shares traded. This traded over 50 million shares this morning before 11 am all over .19 - most over .21.

They walked it down to take out as many stop losses as they could and then will let it rise again - watch and see.

So I just took 3697.50 of my profit and bought back 25150 shares at .147.

This gives me a net profit of 5k and I'm once again holding 40,150 shares free and clear.

Currently back up to .16 as I finish typing this.

[Uthagain]

So which is it? Pot cures cancer? Smoking pot won't cause cancer? You use pot gel for lube to assist with ED and it cured your wife's HPV?

[Autotune]

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

[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.

[Xatava]

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

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.

lol, you trollin or dumb if you think banks and mutual funds invest in weed penny stocks