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GW Pharma spikes

March 14, 2016 by Cody Willard

Well, we covered about 1/3 of our GWPH short a month ago to lock in a 50% gain, as the stock had been more than cut in half since we shorted it. This morning, GW Pharma announced the positive results of the first pivotal Phase 3 study of its investigational medicine Epidiolex (cannabidiol or CBD) for the treatment of Dravet syndrome.

I don’t think that GW Pharma can make a sustainable, patent-protected product cycle for any of their cannabis-derived products, but the headlines alone today are enough to wipe out our remaining gains in this stock as it pops back to where it was when we first shorted it. I can tell you that we’ve been researching the potential for cannabidoil to help our own little daughter with some seizures she had early on but that seem to have subsided on their own lately. I don’t think these products will have the type of margins that we see at Gilead or other big biotech drug companies that are fleecing the US taxpayer to the tune of 90% gross margins and which GW Pharma investors expect to see.

None of that will matter this morning as the stock goes crazy. I’m in no rush to make any new moves in this name and will likely let it trade itself out today and tomorrow.

I’ll be back with additional markets, economic and stock analysis later.

 

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Filed Under: Trading

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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