Dragni Dragnev

Cannabis Science Inc. (OTCMKTS:CBIS) Struggles Up Again

by Dragni Dragnev August 28, 2015

Cannabis Science Inc. (OTCMKTS:CBIS, CBIS message board) managed to add another 18.46% to its market value yesterday, after nearly 19 MILLION shares changed hands.

CBIS has had an interesting journey up and down the charts in the last few days. A boastful and optimistic announcement flung it up on massive volume on August 18, after which it suffered a serious correction.

The fall proved short-lived, and now CBIS is back on its feet, having added more than 40% to its market value in the last two sessions alone – which is odd in and of itself. Why?

Because there doesn't seem to be a good reason for this bounce. CBIS's initial jump may be attributed to hype caused by a marijuana-related company's boasts. The sudden and violent crash that followed is the natural consequence of said hype dissipating, as it inevitably does. There does not seem to be an obvious reason for the resurgence that followed.

It's not like CBIS has published any meaningful press releases, reports or social media posts in the last week or so. In fact, it is delinquent in filing its latest financial report, for Q2 2015 – and yet, in spite of that, the ticker just seems to be gathering upward momentum. Of course, online commenters such as MicroCapDaily and StockMarketMonitors have covered the company on occasion, however, the timing of the jumps and the publications of said articles suggests that said pieces are not the reason why CBIS is on its way up once more.

Thus it is not difficult to conclude that CBIS's current bounce is baseless. And, as we all know, baseless jumps inevitably end abruptly and messily – often sooner rather than later.

Comments 5

1. Guest
August 30, 2015, 08:32PM

Quotes Nasdaq,nasdaq,coming soon cbis

2. Guest
August 30, 2015, 05:01PM

Quotes Nasdaq,nasdaq

3. Guest
August 29, 2015, 11:24AM

Quotes These nerds nail it each time! It must hurt each time these nerds go into excruciating detail as to why you lost (and continue to lose) money on your crap pot stock picks. GO NERDS!!!

4. Guest
August 28, 2015, 10:35AM

Quotes CBIS Will hit 8 by next year! The time is now!

5. Guest
August 28, 2015, 10:27AM

Quotes You nerds have no idea what you are talking about please stfu

Type the characters that you see in the box (5 characters).