yep, it failed to break the 200 dma though, bearish flag, but the 200 now stands at 82.70, cos its dropping.
oil could be the driving factor this coming week, we will have to wait and see!!
how about that..we wuz right! at least this side of the pond..
getting very close though, the mountain is coming to us, but i would like to know the shorts game plan...mr not greedy, if you are reading, what are your thoughts??
well maybe, but there is no real pipeline for that as we know thus far. sativex failed to meet its primary end point, though in their desire to control cannabis the fda may do some sort of magic trick...but im not holding much hope for that one.
er...but cramer keeps pushing the concept of painkiller...when the evidence so far does not support the notion..
remember he is a pitch man, much like this guy https://www.youtube.com/watch?v=J1tYs5hBFYo
this is what cramer now thinks at the mo...
"SolarCity or GW Pharmaceuticals: "These are both incredibly speculative names. SolarCity, I don't really like the balance sheet. GW Pharma is kind of played out because the good news came out already. That said, I do like GW Pharma long term because the pure play on marijuana and I think it is a great way to be able to have a painkiller that may not be addictive.""
http://www.cnbc.com/2016/04/12/lightning-round-theres-still-bad-money-in-it.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=103541881
so is it going to break through nasdaqs 200 DMA?, only has to break through 82.90...
im just not convinced, not feeling it, just b'cos of the lack of volume but i could def be wrong.....
who is bullish? who is bearish....
yeah, volume is drying up and we are just moving sideways, in a narrow range, up down, up down.....will break at some point, but i'm guessing down rather than up, unless data comes out first.
but who knows...
pointless then, why bother, they could reschedule fda approved just like the other 20 odd countries selling sativex have. total waste of time if that happens. bah humbug!
well it dropped 20 yesterday, and about 10 today, then add to the fact that todd bought months and months ago, and he could be down as much as 70%....great call Todd LOL!!!!