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Friday, July 25, 2008

glaxosmith


their last year EPS was 3.64tk.So how much price it must be?is it not highly overvalued?as the public portion is very low its price is high.Look for the four new product their profit will increase.But how much??what will be their this year EPS?

come to TA.When there is very good volume with small price increase we can assume it as big guns buy or institutional buy.Do they buy in high price?i dont think so.Today its price increasd abt 17.49%.Is it not suspicious?i think they have not bought today.Some portion they have sold.And for next two days they will offload it more.look at their last day volume.It is 1.17% of their total volume.But public have only .79%.So from where that volm came?i think that it will increase for one more day,at best two days.then it will start to fall.
other things are shown in graph.

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