CBAI Technical Update
The one thing we know about cockroaches is that they adapt to just about anything and they have legs that act similar to robot legs. So how does this help us as traders? Well, whether it be a putrid, trashy pump and dump stock or a undiscovered roachy gem, we as traders need to adapt and trade like robots, just like our fellow family members.
A few days ago we brought CBAI to your attention at which point the stock was just coming off a monster run peaking at .0197 high. Roaches from all around the world were kicking and chirping to our young nymphs to BUY BUY BUY the stock is going to $1.00!!! Well, luckily for the young’ins we took them under our wings and mentioned to them that they may want to hold off until we pull back to support levels of .012 ranges. So how did it play out? Well the price pulled back to .013 which is the current 20 moving average line and appears as though it might just hold there….for now.
Now what? How do we see this trade folding out over the next few days….click on “Continue Reading” to see what “Papa Roach” see’s moving forward.
Technically speaking, we have support at .013 .009 below and if we hold this support we could see a short term reversal in trend back up to .0185 .019 with major resistance at .0197. The MACD line is curling up which is a good short term indicator, so we will watch that closely along with what hopefully will be new buying volume in the coming days.
Stay tuned for more details on CBAI and other hot penny stocks.
Register now and start discussing CBAI with us in our forums!
~ Sounding off….. Papa Roach
Press Release Source: Cord Blood America, Inc. On Tuesday January 19, 2010, 6:00 am EST
LAS VEGAS, Jan. 19 /PRNewswire-FirstCall/ — Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells, a biological insurance policy, to families nationwide and internationally, announced today that it has contracted with The Center for Stem Cell Awareness to re-sell its stem cell collection and storage services.
The Center for Stem Cell Awareness, Inc., Sarasota, Florida (www.babyslifeline.com) has contracted to sell these services throughout the state of Florida.
“This is another very important step forward for Cord Blood America. As a direct result of processing and storing cord blood stem cells in our own laboratory, it allows CBAI to contract partners who will sell our services without CBAI’s out-of-pocket investment to develop a new territory. We are fortunate to work with The Center for Stem Cell Awareness, and are very pleased to make this announcement,” said Matthew Schissler, CBAI co-founder and CEO.
The Center for Stem Cell Awareness, founded by Joan and Jeff Williams, was a personal endeavor based on a real life scenario with their daughter. Realizing that most expectant parents have no idea about the research and medical breakthroughs with cord blood stem cells, they started their company with the goal of providing an educational resource for expectant families and their physicians to draw upon.
About The Center for Stem Cell Awareness, Inc.
Center for Stem Cell Awareness Story:
Ten years ago we decided to save our daughter’s cord blood stem cells. Our physicians at that time were aware of this procedure but freely admitted that they had never done this before, not even for one of their patients. At this time, my husband’s older sister had just been diagnosed with Leukemia. According to the information we received, Leukemia was a disease that could be treated with using stem cells. We felt that the important power of our daughter’s stem cells might offer her protection from this disease and others. One year ago our daughter was diagnosed with juvenile diabetes. Juvenile diabetes is also known as type 1 or insulin dependent diabetes. I am thankful everyday that we saved her stem cells from her cord blood.
When she was diagnosed with diabetes all of her physicians stated that it was probably a wise decision to have saved her cord blood cells, but they did not think anything was being done in conjunction with cord blood stem cells and diabetes. Upon further research we discovered that there are studies underway to determine the best way to use her cord cells to hopefully reverse this disease. We want every expectant parent to know the facts about the importance of cord blood and all the medical advancements in this field. We wanted to allow interested parties to have someone locally to discuss the importance of this decision and answer all of their questions, and to hopefully provide guidance in this decision making process. Most importantly, to allow you to participate in this process at the best pricing possible.
Contact: Joan Williams
About Cord Blood America
Cord Blood America (OTC Bulletin Board: CBAI) is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI), visit our website at www.corcell.com. For investor information, visit www.cordblood-america.com.
E & E Communications
Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell CBAI at any time after this post.
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