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Still holding the smoke
Volume heats up in cannabis market
They say a rising tide lifts all boats, and I for one sure hope so. Earlier in the year I made a bet on CBIS. A Colorado based medical marijuana company with a market cap of under 50 million. This stock lives on the Pink Sheets and that alone will let you know this trade is not for the faint hearted. However if you been crazy enough to find yourself perusing the likes of my insane blog, then you just might have the stomach to handle this one.
I’m back at the buying of CBIS here. It looks like a .05 cent bottom is in place, and could make short work of the next .05 move. A double here would still have the market cap under 100 million. When you’re speculating on a micro caps in the “pinks” you generally don’t abide by any conventional mathematics, but more of a degenerate OTB style.
So without any further ramblings I think CBIS can trade .10-.15 by year end.
http://www.youtube.com/watch?v=fURSZtESYXU
Where There’s Smoke…
Oversold Medical Marijuan stock CBIS up 33%
It’s High Time for CBIS Today!
Posted on Sep 05, 2012 in Featured Penny Stocks, General Penny Stocks, Hot Stocks, Today’s Hot Stock Alert - Leave a comment - Published by Papa Roach
Good morning!
So I had a hot and heavy growth play lined up for you this morning, but after digging a little deeper on Cannabis Science Inc. (CBIS) everything changed.
Take a glance at the CBIS chart and you’ll see what got me excited!
Yes! It’s been a miserable four, five months for CBIS as the price action plunged to 3 cents and change.
Yes! That’s because its medical marijuana business has been in “transition” mode. (Readmore)
But look at how CBIS finally started rounding a bottom about a week ago.
Consider how the RSI is flashing deeply “oversold” for the first time in YEARS.
And with the stochastic line flirting with the 20-point frontier, there’s plenty of natural fuel here for an old-fashioned relief move.
The clock is ticking because CBIS is based in Colorado Springs.
Turns out 47% of Colorado voters want to legalize marijuana…and only 38% oppose. (Readmore)
That vote goes up in November. If it goes CBIS’ way, the company’s fortunes look an awful lot better!
Plus, short interest on CBIS clocked in at 31% of all turnover yesterday. (Read more)
Those bears have had it SWEET but they’ve to cover some time, and if the action gets away from them, they might get a little desperate!
Now go back to that CBIS chart. You see any better set-ups to get that kind of action rolling?
More importantly, did my intuition just hand you a chance to make some fun today?
Papa Roach
Something Wicked This Way Comes
Come Hell or high water, you better not be too long prosperity in the USA. This is a washed up illusion that must unfold with swift and forceful blows. I continue to stay long PFMT as they collect on the quintillions of debt burdened pawns, while betting on Fall to return some VOLATILITY via an exponential move in TVIX.
TVIX should not only benefit from a hedge standpoint against longs, but it’s oversold and washed up. Like an out of favor drug. Right now TIVX looks like stepped on coke being offered at The Fly’s dinner Parties. Worthless to say the least. However, it will soon look like LSD at a Brooklyn rave.
PFMT A Picture is Worth a Thousand Words
My Friend My Friend I’m LONG of Volatility
OLD SCHOOL STYLE with some TVIX.
TVIX is bound to bounce back into style when the market begins to revolt upon it’s “Mortal Summer Participants”. I grant you this prophecy, not because I owe you. (may the grande elite testify to this). I do this without the compensation of money that so many have put first in their lives instead of the reward of virtue. I simply provide an anecdotal document to the magical ways in which to divine “Market Wisdom” or the power to bank coin!
Long: TVIX @ $2.70 8/31/2012
Getting Ready for Action in NSPH
James Rev Shark has graced me with picking one of my positions as his “Stock of the Week”
New Hospital Test for Infection Ready to Explode
Our Stock of the Week is Nanosphere, Inc. (NSPH). NSPH offers a molecular diagnostics platform called the Verigene System that enables genomic and protein testing on a single platform that is used for testing infectious disease assays, human and pharmacogenetic assays, and ultra-sensitive protein assays.
What is of particular interest here is that on June 27 the FDA approved NSPH to market the first nucleic acid test that can identify 12 different bacterial types known to cause bloodstream infections. A study conducted by NSPH showed that their Verigen system was consistent with traditional blood culture methods in 93 percent to 100 percent of the comparisons. However the real value of the NSPH system is that it obtains results in three hours rather than three days. This article from NBC News provides further details
Get Long Debt Collection with PFMT
PFMT Undervalued. Not for long!!
This is from the FREE stock of the week at Sharkinvesting.com
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Loaded NSPH and PFMT
Happiness IS A Warm Gun
SWHC is fully loaded and ready to explode over $10.00
iBankChocolate
I don’t kid when it comes to stocks or chocolate
