I'm not sure about this company so I'm doing some research. One thing that sticks out in my mind, is the fact that this company is losing money big-time! Don't give me wrong, I'm not trying to bash the stock. But I've seen companies like this before, and they have a tendency to bring up more shares to the market, has he will need more revenue for research.
Point number two, is the fact that the marijuana industry is the hot new money maker on Wall Street, as with most things this dies down and the true winners show up in the long run. I have no idea whether this will be one of them. But experience tells me, that would take some money off the table after a run like this..
Any comments would be appreciated, but please know that I'm not attacking the stock. My interest is to know what some long-term people think about this company.
Also anybody know who the competitors are?
This stock is extremely volatile so we need to be very careful anyway.
If the marijuana space is go promising than there are big biotech companies will enter to compete. Maybe they already working on this. same with 3D sector. Look at prices last year and now.
When a sector or stocks are so hot, we need to nimble of we want to invest in the space. For traders is a different story. Remember FEYE, secondary at $81 after it ran up to $97, look at it now.
I' m learning all the latest daily and when it comes to biotech, i' m extremely careful and have stop loss. At the end of the day, our bottom line is the most important thing, not to find one or two winning lottery tickets. I use TA to trade short short short term what I see at the moment and trade accordingly. For stocks as longer term investments, I do not look at daily.
FEYE, dropped 50% afer its secondary. Which is bad, real bad. But look at their market cap. 5 billion!! And that's AFTER falling 50% from it's high. We're at 1/2 billion AT our all time high. huge difference. That being said, this is an insane mo mo stock and will correct 25 to 50% like it did earlier this year.
Sentiment: Strong Sell
Agreed. Anything that has gone up 10 fold in 9 months needs a multi month consolidation phase. Imo considering the not even 1% jump in AHs after the ceo fluff piece, the mainia has subsided and we start our journy back to earth Monday.
Im the only sensible short here.
IMO we drift into the $70s, maybe even $60s. Some would say a test of our $40s low.
At any rate, we're extremely over bought, and you are correct in recommending people take some money off the table. You'll get a better price in a few weeks.
Sentiment: Strong Sell
According to your stated trading last week, you were not "sensible", at all.
Saving children from certain death trumps a "consolidation phase".
By all means, keep pouring money into our long accounts. This thing is just getting started.
Sentiment: Strong Buy
GW Pharmaceuticals plc Announces Pricing of U.S. Public Offering of ADSs Totalling Approximately $148 Million on NASDAQ Global Market
LONDON, June 18, 2014 (GLOBE NEWSWIRE) -- GW Pharmaceuticals plc (Nasdaq:GWPH) (AIM:GWP) ("GW" or the "Company"), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announced today the pricing of an underwritten public offering by the Company and certain of its shareholders of 1,700,000 American Depositary Shares ("ADSs") representing 20,400,000 ordinary shares of GW, at a price to the public of $86.83 per ADS on the NASDAQ Global Market. The ADSs being sold in the offering consist of 1,200,000 ADSs being sold by the Company and 500,000 ADSs being sold by the selling shareholders, raising gross proceeds to the Company of approximately $104.2 million (before deducting underwriting discount, commissions and offering expenses). GW will not receive any proceeds from the sale of ADSs by the selling shareholders in this offering. GW has granted the underwriters a 30-day option to purchase up to an additional 255,000 ADSs at the public offering price less the underwriting discount. Closing of the offering is expected to occur on June 25, 2014.