You forgot to take into consideration that I must have some shares in my core position that drops the overall percentage. There is a big difference between 350% and 870%. Or, did you miss ALL of your math classes? I'm a trader, as well as an investor. Every penny of GWPH that I own was free!!!! I was buying GWPRF long before the GWPH IPO and it was trading in the 60 cent range back then. You are only wasting your time by trying to trade when you don't know how to.
I won't post my portfolio, you might. With the dip today, my overall core is up about 350% and my best position is still at about 870%. I wish I had picked up more than a 500 shares below $9.00.
So, how much have you lost on this?
You never told us how much you have lost shorting this and now you seem to be upset about missing this dip. When are you going to start posting when you buy and sell and show us how good you are? You are back here to contribute nothing but garbage, again. Are you simply a sore loser? A smart trader would have placed a stop somewhere and been out with a small loss if they bought above $100. So, it simply doesn't matter who bought at the recent high. Do you want to know the percentages in my long, core accounts? I really want to know how much you have lost on this because you seem very bitter.
Good news will do. "Amazing" news will rocket this 50% at least. Remember, this is a "spec stock" even with good news. We hit $100 today, on "spec". We hit $111 months ago on "spec". Good news should be enough. Tomorrow isn't anything bigger than the BOA conference on the 3rd. There was no major movement around that conference. The volume in the past two days doesn't indicate that a conference is going to be "amazing". It isn't individual investors trading 1-2 million shares per day at these prices, either. I believe that the indication from the feds to move this to a schedule 2 drug is behind the price increase. The timing was too good.
Maybe you could look at it this way. Oxycontin is a schedule 2 drug. If you get cancer, you could get your prescription for the FDA approved, patented drug, or get street heroin, which is a better pain reliever. They use schedule 2 cocaine in medicine, but not to get you high. You can get stuff for a buzz on the corner. You don't know what's in it and you don't know the dosage.
The alternative for kids with some forms of epilepsy would be to move to a cannabis oil friendly state, instead of using Epidiolex. Then they hope to find a good "caregiver". The quality and cannabinoid content varies in street oils. Most parents would want to have a doctor administer an approved drug and these children need additional care. That would be best served by having a single team of doctors administering all of the drugs and having total medical oversight. I don't think that the sales and earnings numbers are taking into account that Epidiolex will be approved and marketed. How can they?
Did you just make that up?
From the National Institute on Health:
"Animal and human research on the effects of marijuana on seizure activity are inconclusive. There are currently insufficient data to determine whether occasional or chronic marijuana use influences seizure frequency. Some evidence suggests that marijuana and its active cannabinoids have antiepileptic effects, but these may be specific to partial or tonic-clonic seizures. In some animal models, marijuana or its constituents can lower the seizure threshold. Preliminary, uncontrolled clinical studies suggest that cannabidiol may have antiepileptic effects in humans."
I have to admit that they look a lot better than the fundamentals. I have to give him that one. I really do hope that he was short and couldn't cover in time, though. We will get one or two more on the next dip. They just keep coming and going. I still haven't seen one post about how much money they made, even with all of the reasons that they come up with for thinking that they will. It would have been nice to sell at about $110 and buy back around $65, but I'm just not that good.
Sentiment: Strong Buy
Just short the stock, if you think that it isn't going to preform. According to your theory there is a 75% chance that you will make a ton of money. Of course, there is a bit of "speculation" there, too. How do you invest without speculating?
Do you think that the trial results for Epidiolex are fabricated? Do you think that all of the family testimonies to the effectiveness of this drug are lies? Do you believe that it will not be accepted if it is found to be safe and effective for children with life threatening epilepsy disorders?
Do you believe that our government will continue to force people to move to Colorado, or just buy cannabis oil on the black market to save their children? That's what they have to do and are doing right now. I believe that when the placebo trials are complete, Epidiolex will be accepted. The trials to this point show that it causes no harm and benefits more than 50% of patients with two types of epilepsy.
"The closest thing to a blue chip is GW Pharmaceuticals (GWPH) which uses the active ingredients in the cannabis plant to synthesize more conventional looking drugs for multiple sclerosis and is working on other diseases. The 17-year-old company is based in England. Its shares are up almost 50% in the last year and its market cap is $1.5 billion."
LOL - And you don't own any! Sucka! Making over 300% on this one was easy and the good stuff is coming this year!
What does Sativex have to do with the epilepsy trials?
Your CFO sold a little more than $60K worth of his shares. So what? He probably got them for free and needed money to pay taxes on his profits from prior stock sales. If you hadn't noticed, the stock has done quite well in the past year, or so. In fact, I'd bet that most of the traders here have pocketed more than $60K on this stock.
"Complete irrationality" would be to continue to force parents to move their families to Colorado, where they can purchase a non-pharmaceutical drug that could be produced by GW Pharmaceuticals in laboratory controlled conditions and perfectly measured doses. People have been treating conditions underground, with concentrates, for decades. That is a viable alternative to pharmaceutical products.
This guy lost about $7,700 in nine trading days and you think that he made a good decision? I've made more on this stock in a few hours than that. He sold just before the recent breakout. Maybe he can balance books, but he's a lousy trader.
Yes, you are a loser. You should have picked it up at, or below, the IPO. You would be up by about 850%. But, you have been buying and selling and losing money. On the wrong side of the trade every time and then come here to complain. Why don't you just talk to your therapist about it? We don't care about your inability to trade stocks.
How much "fun" are you having today? When you posted this stock was trading at about $70.00. You are only down about a half million. I'd hold.
Sentiment: Strong Buy
If he shorted at $72, he only lost $100,000, so far, today. My guess is that he doesn't have enough money to buy 100 shares. If he made this bad bet, he probably does so fairly consistently.
How much "nothing" will you have when "something real happens"? Apple looked like "nothing" when it was selling @ $7.00. Then "something real happened". It all depends on your perspective. I bought this when it dipped under the IPO for a short time. It's been a while now, but it was just under $9.00, so it's "something" for me. You could have almost doubled your money by going long within the past year. $41.86 is the 52 week low. Back in October you could have grabbed it on the dip, just above $60.00, and show a nice profit. Looks like another nice opportunity may come with this dip. "Nothin' from nothin' leaves nothin'.
Sentiment: Strong Buy