Fiasco Trade of the Day – 9/7/2005 – Buy GSK
Wednesday, September 7th, 2005
Using his proprietary trading system, Thierry Martin has identified a stock which he believes will trade higher within the next few days.
GLAXOSMITHKLINE PLC (NYSE – GSK)
TARGET= + 5.00
Yahoo Chart – view trend for Lehman
GlaxoSmithKline plc engages in the creation, discovery, development, manufacture, and marketing of pharmaceutical and consumer health-related products worldwide. The company operates in two segments, Pharmaceuticals and Consumer Healthcare. The Pharmaceutical segment offers prescription pharmaceuticals and vaccines. Its primary pharmaceutical products include medicines in nine therapeutic areas, including central nervous system, respiratory, anti-virals, anti-bacterials, vaccines, oncology and emesis, metabolic, cardiovascular, and urogenital. The Consumer Healthcare segment provides various over-the-counter medicines, oral care, and nutritional healthcare products. Its oral care products include toothpastes and mouthwashes, toothbrushes, and denture care products. Its nutritional healthcare products include glucose energy and sports drinks, a blackcurrant juice-based drink with vitamin C, and a range of milk-based malted food and chocolate drinks. GlaxoSmithKline has a strategic alliance with Theravance, Inc. to develop and commercialise medicines across a various therapeutic areas. The company was incorporated in 1999 and is headquartered in London.
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Fiasco Trade of the Day
