CBIS - Cannabis Science - Page 58

Previous close: 0.167

Current bid: 0.17

Current ask: 0.172

This is before the open.

It needs to cross 0.18 quickly in the first 5 to 10 minutes, if it is to test much higher levels. Looking like a good setup so far. MM's seem determined to test 0.24 as soon as possible, which can happen with in 2 to 3 days. 0.17 level is like a magnet, it needs to move away from it with force to break free.

A pull back is possible after it touches 0.24 or 0.245, so keep a close eye. It all depends on today's action. On the downside, 0.165 is a strong support level, so I am not as worried about it falling down big from here.

Got out at .0165

Jeez, I was away from computer for 30 minutes and this happened. That is too steep a drop for such a low volume dump. It is below the lower Bollinger band, should be able to recover some later.

Make your exits guys, It should not have fallen below 0.165 and it did. It will bounce a bit, so look for exits around 0.16 level or so and look for other trades. This is really disappointing to see it fall today, it should have at least maintained 0.17 level.

I have to admit, I didn't see a massive sell-off coming so soon, especially on the heels of so much news.  Time to re-up and catch the next wave now.  I'm still confident in a recovery today.  BB now looking very bullish.

Why the Sudden Huge dip in pricing?

What's garden variety sell off?

Quote:

Originally Posted by rando 

I had this ticker up for a bit and the tape was showing a significant amount of the trading happening below the bid. That tells me this is probably not your garden variety sell off... but that's just me.

I'll admit it guys. I am confused with this drop. I could not read if it is a controlled sell off that will bounce or end up with a much bigger drop. Either way, it wont worth the play anymore I think. I am looking for exits, so you got the notice if you think my selling would influence the price.

Out @ .14

Quote:

Originally Posted by Philosuffer 

I'll admit it guys. I am confused with this drop. I could not read if it is a controlled sell off that will bounce or end up with a much bigger drop. Either way, it wont worth the play anymore I think. I am looking for exits, so you got the notice if you think my selling would influence the price.

What's your exit target?

Holy smokes man my stop was .165 didn't get filled until .151.  So much for a nice profit.  Still sneaked out with a little something though.

Sold mine @15 cents, looking to rebuy when it decides to dip further. 

0.143 seems like a  good support. It bounced off from that a couple of days back.

Not much selling pressure at this price level. i think it would try to close above 0.15 today.

I wonder how all those big 1 million buys @ .16 and .17 feel?  Hopefully they know something that I don't, holding in the meantime. 

Did you exit in the .15's? I still see so much good things to come with this company... exit point in between .60 - .70!! or more!!

I am still holding. Sold about 30k shares at 0.149. I cannot wait for long in this one. Max date I am willing to hold is April 11th.

Quote:

Originally Posted by Philosuffer 

I am still holding. Sold about 30k shares at 0.149. I cannot wait for long in this one. Max date I am willing to hold is April 11th.

 

Definitely nerve racking.

How come their annual report is not on the edgar search?