Penny Stock Cannabis Science, Inc. (OTCBB: CBIS.OB), makers of pharmaceutical marijuana products announced its possibility to seek out FDA approval for its treatment of basal cell carcinoma.
CBIS closing price today was $0.0450, down -4.05% (-0.0019).
CBIS traded volume of 29,035,352.
CBIS is trading:
- $0.006 above its 20 day moving average,
- $-0.003 below its 10 day moving average and
- $-0.002 below its 5 day moving average.
CBIS has a Market Cap of $10.89M with a 241.92M share float.
Cannabis Science is currently assisting numerous cancer patients suffering from a variety of cancers, who are self-medicating with cannabis extracts.
Cannabis Science extracts can be legally used in humans in states allowing medical marijuana. This situation puts Cannabis Science in the unique position of knowing the effectiveness of its formulations before applying to the FDA.
In order for CBIS to successfully get FDA approval it would need for the FDA to consider what is happening in medical marijuana states into the federal approval process.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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