Bank Of Georgia Share Discussion Threads

[mr_bluesky] 09/4/2013 17:27

GWP:

Looks to be in a potential high flag pole having bounced from c40p to 70p now.

look for a flag to set up on low volume for confirmation!

Below is the reason why GWP has risen so quickly......

GW Pharmaceuticals Announces New US Patent Allowance for Delivery of its SATIVEX® Formulation



Porton Down, UK; 3 April 2013: GW Pharmaceuticals plc (AIM: GWP), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, today announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for U.S. Application Serial Number 13/607,897, a patent which protects delivery of its Sativex® product formulation.



The subject patent specifically covers an improved method of sublingual delivery to a human consisting of administering an extract of cannabis in ethanol and propylene glycol. The formulation may be dispensed using an aerosol spray. A Notice of Allowance is issued after the USPTO makes a determination that a patent can be granted from an application. The issued patent from this application will provide an exclusivity period until March 2021.

[mr_bluesky] 09/4/2013 16:28

LWB has had a temporary break down of the break out!

Alot of shares that where showing bullish patterns have failed with the 3 day market rapid sell off.All that has happened so far is that LWB has back tested the support at cerca 70p and the 50dma.If it closes below 70p though then things will look more bearish.

Mr Bluesky

[allstar4eva] 09/4/2013 13:24

LWB Update?

[mr_bluesky] 09/4/2013 10:11

I have been tracking POG,KAZ and FXPO to look for signs of a turn around in their demise.

FXPO looks to be the most promising as it has had a big bull bounce off strong support at c 150p.

POG has made a move today off support at just under 200p

KAZ has risen also but could just be a case of back testing 400p before further declines.

Will keep a close eye on them

Mr Bluesky

[mr_bluesky] 08/4/2013 10:55

Well if this is the same as last year then we are in line for a sharp fall in the markets.If you sniff in slightly you can just about detect the faint smell of fear,but no where near strong enough to start being greedy.That will come after the panic sell off.

I'm just happy to sit back and let it un fold infront of me having banked my profits.

Mr Bluesky

[mr_bluesky] 05/4/2013 11:07

Just reposting this chart as it has broken out today after a wee back test.Price now at 78p.....


Mr_BlueSky
24 Mar'13 - 16:08 - 258 of 272 edit


LWB chart 22/03/13 showing a high & tight flag formation: Price 72p.

Just been going back through my posts and found a bullish comment I made on LWB.When I looked at the updated charts I found that it looks to be in a classic High and tight flag formation which has a very reliable bullish out come on break out.

It shows that LWB had a high volume rally from a base of c58p to rally a high of 74p (the high flag pole).It is now in consolidation below 74p (the tight flag).Also the flag formed on lower volume which is a good sign.

The entry point will be to wait for 74p to be broken through and this should also result in the MACD crossing over again (fast over slow).The RSI at 57 is also in a good place for a break out to happen.

I would suggest that,on break out,the next target would be c90p with a secondary target of c150p.

Lets see how it goes.

Mr Bluesky

[mr_bluesky] 04/4/2013 13:55

what a splendid rally!

well Over the last few days I have started banking alot of my profits from this stonking rally as I am preparing for a short sharp shock to the markets.


ATB

Mr Bluesky

[mr_bluesky] 04/4/2013 11:51

DRTY and WIN:

Have both had a bull bounce today after a big sell off period.

Watch!

Mr Bluesky

[mr_bluesky] 04/4/2013 10:57

just dug up this old chart!


Mr_BlueSky
11 Oct'12 - 20:06 edit


HFD chart 05/10/12:
This chart shows the descending resistence line which has been broken through and also the inverted head and shoulders(IH&S) which has also broken.Two very bullish signs.The share also double bottomed at 188p.When it broke out of the IH&S the MACD crossed over.Another sign that a rally was due.The MACD has crossed over again on this big gap up which also leap frogged over the 200dma and a number of resistences also.I would like to see it head up to cerca 346p over the next few weeks,but i suspect we will get a period of small retrace/sideways trading before hand.The gap up happened on good interims helped by the Olympics and the tour de france.I would expect HFD to keep capitalising on this as Xmas approaches

update 11/10/12

Well it seems that it has built on the gains from the big gap up/bull bounce.I still expect a little sideways trading until the advance on to 346p.Its all looking good!

Update 04/04/13:

The price did go onto my target of 346p and a bit more.It has since retraced to retest the top of the gap up and now looks to be in a small uptrend.It has come into contact with the 50dma and retreated so it remains to be seen if the 200dma at just under 300p will be hit.

Mr Bluesky

[mr_bluesky] 02/4/2013 15:48

mt:

Yes! why do you ask?

[mechanical trader] 02/4/2013 02:52

Bluey, do you ever make any money
at this lark??.

[mr_bluesky] 01/4/2013 23:22

RDW:

A break out over c200p and its c250p next stop.Price now 188p

[mr_bluesky] 01/4/2013 23:19

CWC:

looks very close to a good break out now at 42p!

Mr Bluesky

[mr_bluesky] 01/4/2013 11:04

Just reposting this chart and comments as it played out as suspected hitting my 349p target spot on...When it reached the target the price fell off very sharply..


NTG chart 19/11/12:

Just dug up this chart from November 2012 when the price was 257p
The chart shows the progression to 349p as a medium term target and when it breaches this the road to recovery is wide open.

Mr Bluesky

[mr_bluesky] 01/4/2013 10:54

CWK @ 986p looks to be in a potential extended high and tight bull flag formation!

Mr Bluesky

[mr_bluesky] 29/3/2013 18:59

LWB:

Has broken out of the bull flag now at 76p!

Next target c90p!

Mr Bluesky

[mr_bluesky] 28/3/2013 15:53

Thought for the day!

Does money buy you happiness?

NO! but I would rather be crying in my Bentley continental then on the bus ;)

Mr Bluesky

[mr_bluesky] 28/3/2013 11:09

LLOY Elliot wave ? 27/03/13:

[mr_bluesky] 26/3/2013 17:36

CSR at 486p is looking for a big break out and soon with the next stop at c600p.

Mr Bluesky

[mr_bluesky] 24/3/2013 16:08

LWB chart 22/03/13 showing a high & tight flag formation: Price 72p.

Just been going back through my posts and found a bullish comment I made on LWB.When I looked at the updated charts I found that it looks to be in a classic High and tight flag formation which has a very reliable bullish out come on break out.

It shows that LWB had a high volume rally from a base of c58p to rally a high of 74p (the high flag pole).It is now in consolidation below 74p (the tight flag).Also the flag formed on lower volume which is a good sign.

The entry point will be to wait for 74p to be broken through and this should also result in the MACD crossing over again (fast over slow).The RSI at 57 is also in a good place for a break out to happen.

I would suggest that,on break out,the next target would be c90p with a secondary target of c150p.

Lets see how it goes.

Mr Bluesky

P.S: The only thing that would ruin this uber bullish formation is a big market correction!

[mr_bluesky] 24/3/2013 14:26

FTSE 100 correction!

I was'nt going to post this chart just yet,but things are looking increasingly bearish so I thought I would.

Mr Bluesky

[mr_bluesky] 19/3/2013 18:46

KAZ daily chart.

Shows that KAZ is right on the descending resistence support line(red)and one more down day and it falls through the bottom and It looks like c 400p will be a reality.

The sell off has been on high volume so it does look like the drop through is going to be the likely result,but there is a small chance that it could bounce off it and head back up towards the descending resistence line in green on the chart.

RSI is well into over sold,but that can remain that way for quite some time on a strong sell off move so that is not really an indicator that this will turn up from here.

The MACD is trending down steeply with a wide zone so there is nothing to indicate a bullish out come there either.

Mr Bluesky

[mr_bluesky] 19/3/2013 11:09

KAZ compared with FTSE 100 over the last three months:

As you can see the FTSE has been up nearly 10% from three months ago and......well you can see where KAZ is.

The Trend is your friend and when a share has gone so drasticaly in the oposite direction to one of the biggest rallies to start a year for decades then stay well clear and do not try to catch a falling kinife....IMO

Mr Bluesky

[mr_bluesky] 19/3/2013 10:28

THT:

Bought at 45p

sold some today at 78.15p

Mr Bluesky

update:

and the rest at 82.90p

All done for now.

another case of not buying in at the bottom and not selling at the top and the money is banked ;)