Huge breakout to pennies do any day now. Marijuana ecommerce site now generating revenue
Well smart spammer, it's been two weeks and it hasn't doubled. This is why only rookies read e-rags like PSW.
I respectfully disagree. The growth is stagnant because there are to many shares dilluting the MJNA sector and that's why none of the pot stocks are on the big boards. The market caps on many of the MJNA stocks are grossly overvalued including CBIS. CBIS's market cap is 88 million yet they only have 1 (one) full time employee and operate out of their homes, strip mall offices or garages. That's not an over exageration. MJNA stocks are an emotional buy and there's very little substance to these companies. New investors want to own pot stocks and they don't understand basic stock economics which drive the stock up and experienced investors out when we hit our margin. There's an expression, "Buy Apple stock two days before a release of a product and sell when you see people standing in line for it". Pot stocks are the same. Get in before it's legalized and get out the day after.
That's not actually true. Expectations in Colorado were that there would be over 100 million in tax revenue but it barely cleared 40 million. It's not going to be the state legislators that legalize it for medical or recreational use, it's going to be the voters who decide and based on the trends, it's going to be a slow process. But when NY legalizes it (for medical and not recreational use), that's going to open up a huge short term market and I'm expecting CBIS to spike like it did when CA, WA and Colorado legalized it. That'll be a short term spike as we see happened in all the other MJ stocks.
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whole industry is set to take off as Washington State exhausts Cannabis Supply
The longer the economy stays sluggish the more states will legalize MJNA for tax revenue even if they don't want to. Also some of these small stocks will be up listed buying a few different stocks might be a good idea for the long term such as cbis,erbb, hemp, mjna, grcu.
Reynolds American Inc merger/buyout with LO (Lorriad) immenent according to CNBC. mayby 3 weeks!
Actually medical MJ is great but there are to many companies with too many shares out there dilluting the market making it extremely difficult to make significant money like we did when CBIS, GRNH, MCIG and a few others went public. CBIS may offer great medical products but it's all about "What Have You Done For Me Lately"? CBIS hasn't done much of anything. As for Supply and Demand, there's plenty of supply. Really. If there wasn't, these stocks wouldn't be penny or micro stocks. There's no shortage of pot, pot products or pot supplies anywhere it's legal. All the pumping in the world isn't going to influence price. We just need some significant buys at a higher price. The 20 day average is just over 6 million shares. We NEED volume to surpass it before we see any increase in price.
Great question. We know that the way market cap is computed, (the number of shares out times the current market price, it's 80 million bucks). It stays at 80 million in large part because the rookie investors who are longing CBIS just sit on their shares waiting for the day it hits an unrealistic margin. They're killing volume and keeping the market cap ridiculously high. The other variable is that CBIS isn't putting out any significant news.
I expect CBIS to dump more stock into the market to attract more investors. It'll right the market cap and get some movement on these shares. I hate the idea but something has to be done.
It's just a pump, that's it. Nothing else. No amount of "perveived" experience can predict what the market will do. If that were the case, we'd all be rich.