Easyonlinepaydayloan

Gsk

MonsterZero said: "Hello everyone I have been reading this forum for 8 months or so and this is my first post. I wanted to get some opinions on GSK. I believe they are the worlds second largest pharmaceutical company in the world. A report came out stating that one of their drugs (Avandia) might increase heart attack risks. This dropped the stock close to its 52-week low. Tomorrow the company is releasing the first ever over the counter FDA approved diet pill. The company also will be launching their biggest marketing campaign ever. What do you guys think about a short-term play? America has never been fatter and more desperate to loose weight. I think anyone wanting to loose 10 pounds or more is going to run out and buy. What do you guys think? I just want to say again I really enjoy reading this forum and respect most of you regulars."

pzarker said: "From what I saw when I took a quick look at, it seems to be a good value play. With a P/E and a PEG both below its industry's average and a higher EPS growth rate then the average, I think there is definitely room to the upside, especially if this new drug will be successful, which i think it does considering the amount of overweight people in this country. With obesity now being labeled as a disease, I think people will be more and more open to taking some form of medication to help reduce weight. On the short term it looks like GSK had a false breakout to the downside right around its resistance level of $52, although I would give it some more time to develop before making a decision. I think its safe to say you'll be golden if you GSK holds its resistance and can rebound in a positive direction. You will be set tell at least $54-55. If it gets enough momentum to cross its 20 MA, which it is getting close to, you might see even more room to the upside. harrison"