Bought 500 shares of AMGN at $156, look at it goes over $180 today.
Sentiment: Strong Buy
Very interesting article where Canada may be heading. Could be a big catalyst for US approval.
Sentiment: Strong Buy
GW is the next Apple of cannabis! Sit tight and be patient , this baby has a L O N G way to go!
It took us many months to consolidate between $90 to $112 to form at $120 floor onto high $133. I was hoping that it will hold no less than $124 after it pulled back from $127. Really never expect it to go down to the 2nd offering cost back in many months ago. Hope the $112 will hold.
good move. Spread out different purchases will protect you for a strong price and without missing the great opportunity.
GWPH is not a MJ stock, that is correct, but I would say at least $30 bucks of it is priced in because they associate it with the scientific version of a MJ stock.
Take my word, I rode this from $8 to $40 based on the marijuana hype 2 years back. The same people are still associating it with MJ. I found this stock after overhearing someone talk about it in a restaurant while I was in London on business 2 years ago, hence how I found about the company back in May 2013.
If they fail one pipeline drug even though people claim they have most of the value in the other trials, the point is confidence will be lost and most of that MJ premium will be lifted out where they probably would believe a straight forward MJ stock has better potential for gains.
I am not a die hard short in this stock, I only own a few puts for 2016, which I believe are a good hedge for the market regardless of what happens here. They have no revenues so until then with the likelihood of the market especially bios going down is high before year end, the first that fall are the have no revenues and trade discount to their potential. Nothing is sure until you have cash flow coming in. With that said, even if you can make a projection that should the drug be approved, it will sell billions, nobody will give it a premium in a weak and down market.
There are better opportunities out there to make a safer and excellent return hence my call that this for the time being is too high.
I invest in a number of bio-techs, finally took a position in this at 111 range after missing out in the past when I tried to buy at 91 and 107. Only bought 90 shares though as I will buy more if it somehow drops big again.
Sentiment: Strong Buy
Its all about timing, not pretty shapes on a chart, earnings are due..
The SP is unlikely to drop much below $110, but heck it would be nice if it did ;)
That is not what we would call a small-sized heart. We would call that a lack of confidence in this stock.
Too much money is invested in this stock if the phase 3 trials in December fail. If they pass, not enough money is invested.
The world markets and biotech, especially, has taken some big hits in the past two weeks. It stands to reason that one of the high flyers would see profit taking on this.
GWPH IS NOT a MJ stock! It is considered a biotech.
It seems that the head and shoulder pattern is working very clearly.
I am more familiar with the Japanese Sakeda's ceiling three mountaintops pattern than the western head and shoulder pattern since I am from S. Korea.
Basically, they are the same things. I write this just without any specific reason.
According to the Sakeda's ceiling three mountaintop pattern.
1. The volume of the left mountaintop is the highest.
2. Then, the volume tends to decrease and the volume of the right mountaintop is the lowest of the three mountaintops.
3. The time to complete the formation of the entire three mountaintops on the ceiling takes approximately one month.
4. After forming the three mountaintops, the stock price goes to hell very fast.
Maybe almost same as the western head and shoulder pattern. Either way, very spooky. Even if the future would be rosy...
I take a long position and strongly assume that the future of GWPH would be a shining star, more especially among the itty-bitty MJ stocks. But too much money is invested in this company... Scared.
Maybe I have a small-sized heart.
June 5 trading price was $120's, now it is $116. I still believe firmly that the stock is high for it's stage in the development process. If we get good news it can sustain the price, if not, we will see sub $100 fast.
jrsautr, isn't the 2nd offering many months ago at $112? GWPH has gone through a lot of consolidation since this 2nd offering back and forth for a long time to build it up to $130. I would hope that $116 shall have a strong hold. Thanks.
Sentiment: Strong Buy
We were due for a shakeout, and we are getting it. Traders are running away from risk after the Biogen fiasco. Biogen's problems are pretty serious, but they are company specific. Recent news calls into question Biogen's MS franchise and the pipeline. In other words, everything. For GW, it's guilt by association. It's just another risky biotech. Sell and ask questions later. Will it go lower? I don't know and I don't care. I've owned this for 2 years and plan on holding another 2 years - maybe more.
Strong support around the 116 area should hold around that area as support!
Very helpful comment. Thanks, jrsautr. Last night, I hesitated for a long time (this is S. Korea) whether to sell this stock at least 50% because of the head and shoulder appearance and GWPH's habitual big drops. In the end, I decided to keep this one at least by the end of this year silently. Like what you said, this is the only right one in the MJ stock group under current condition. I really hope this fluctuation would be temporary. Thank you for your comment, again.
Thanks for this. Remarkably, CBD does appear to be an anti-epileptic. It makes me wonder if epilepsy has an associated inflammatory process and CBD interferes with that process. I'm anxious to find out how it works (chemically).
I have been tracking a large number of MJ stocks and this seems to be the only legitimate low risk one. If you want to be in this market and don't want to take a huge risk (all the ones I am tracking are down since April except GWPH) I would hang in there. Recreational MJ related stocks on the supply and distribution side face way too many hurdles. Plus if the Republicans gain the white house these stocks will tumble (as they did in the mid term election). I don't see this happening with GWPH. I expect some fluctuation, but not enough to justify selling if you are long. Looking to buy more shares today or tomorrow.