GW Pharmaceuticals (GWP)

[Erithacus]

Is it just me interested in these?

Floated very recently and the price dropped like a stone ! Now seems to have "bottomed out" and showing signs of rising.

Drug research is their speciality - in particular, the development of medicines from cannabis. They're the only UK company licenced to grow cannabis (at "secret" locations in the south of England !).

Worth a punt? Or should that be "worth a spliff"??

Take a look. See what you think.

 

[darth trader]

Hi Erithacus.

From a purely chart point of view IPO's aren't very interesting as there isn't enough data to form a pattern.

It sounds like an interesting company. Let's hope that the price doesn't get too "high".


Darth.

 

[karmicpete]

Held briefly but bailed out when they dropped through my stop loss. Will probably get back in at some stage, I didn't like the way the press moved the price. Will probably do well over 2-3 years.

Directors are currently buying

ALL IMHO


Pete

 

[shelman]

The last time i invested in cannabis, i reached a new high, never mind the price.

Anon

 

[Riz]

Hmm...

I bet it started continuous higher highs

Erithacus,

As there is no history I agree with darth that it's hard to comment on TA basis...still the price stopped falling and forming a flast base which might be a sign of consolidation and being oversold, RSI started ticking up at the oversold area, but as I said not enough history to argue strongly about it...thin volume for a while, still I think it's interesting enough to keep an eye on them and if the price keep ticking up with increased volume worth a try...

Good Luck

Riz