| KentalCowtipper |
03-02-2012 10:50 AM |
Quote:
Originally Posted by KentalCowtipper
(Post 576154)
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 :( 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
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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
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