Gsk Share Discussion Threads

[sogoesit] 03/9/2019 08:17

Re-invested my original stake this am.
This is all “cable” in my view. Unfortunately US markets closed today to gauge underlying performance.

EDIT: US markets Closed Monday 02/09 as abdulla corrected below.

[abdullla] 03/9/2019 08:12

GSK recently sold @16.50 current share price 17.50 now that is a big wow :-)

[tradermichael] 03/9/2019 07:42

£1 = USD1.20 wow ………; ;0)

[andycapp1] 02/9/2019 22:45

Just bought in to Glaxo after being out for couple years. Personally think it’s very cheap and could rise hugely over next five years. I’ve a stretch DCF of £30 but I might be being a bit optimistic but not hugely so.

[abdullla] 02/9/2019 15:35

Thanks TM for the technical jargon,indeed you are the man with knowledge but then I see you have decided to stay away from GSK,maybe Vodafone still has some life left in it :-))

[tradermichael] 02/9/2019 14:05

Cable (or the cable) is a foreign exchange term used for the GBP/USD currency pair rate (British pound priced in US dollars).

The term cable is a slang term used by forex traders to refer to the exchange rate between the pound and dollar and is also used to simply refer to the British pound itself. The term originated in the mid-19th century, when the exchange rate between the U.S. dollar and British pound began to be transmitted across the Atlantic by a submarine communications cable. Since that time the exchange rate has been referred to as the cable.

The first Transatlantic Cable was laid under the Atlantic Ocean in 1858, but it failed after only about a month of fitful service. The first truly successful cable across the Atlantic was completed in July 1866, reliably transmitting currency prices between the London and New York City Exchanges. The first such exchange rate to be published in The Times appeared in their issue of 10 August 1866.

Transatlantic communications are now mainly carried by optical fibre cables, supplemented to a small degree by satellites, but forex traders' nickname for the pound-dollar pair still harks back to the old days of copper telegraph cables.

[cochise] 02/9/2019 12:28

cable is £ to $ exchange rate

[abdullla] 02/9/2019 12:24

Who & what is cable

[sogoesit] 02/9/2019 12:01

Cable back down below 1.21; encouraging for the breakout on further weakness.

[quepassa] 02/9/2019 10:44

new FIVE YEAR HIGH for GSK today

[abdullla] 02/9/2019 10:30

Maybe GSK has changed into higher gear £17-18

[sogoesit] 30/8/2019 11:39

A good play for cable, imv, is PHGP (long gold in GBP).
Good luck!

[ianood] 30/8/2019 11:34

The best has already been taken out of cable imv. The guy to follow on ADVFN is Alphorn he has called it absolutly correctly and I believe he is now square having sold the £ all the way down.

[sogoesit] 30/8/2019 11:28

Yes, Beckers, I'm not on the side of the talking heads.
We may well see parity.
(I think it was 1985 last time at parity).

Thanks tim 3, indeed.

[tim 3] 30/8/2019 10:48

Sogoesit

Nice one and the key word is IF, its not broken it yet!

[beckers2008] 30/8/2019 10:25

S,

"Some market talking heads say cable at $1.20/$1.22 prices "no deal brexit" in"

I have heard some analysts talking $1.00/£1.00 parity! If there is a "no deal Brexit".

FTSE-100 is being held back by Brexit and it is only circa 230 point above what it was in the Xmas period in 1999! Much catching up to do.

Good work to tie up with Pfizer so much good news to come, hopefully?

[sogoesit] 30/8/2019 10:16

The FTSE-100 is currently a cable play, imv.
But on GSK there's reistance at current $41.7/$42.2 on the ADR's.
Upside from there would be to about $44 (£18/share at $1.22/£).
Some market talking heads say cable at $1.20/$1.22 prices "no deal brexit" in.
AIMV

[sogoesit] 30/8/2019 09:57

Agree, tim 3.
But I'm closing today for £1.30 profit on my long trade.
Will re-visit if there's a breakout between 1722 and 1749 at longer term resistance.
Good luck!

[tradermichael] 30/8/2019 09:56

Who would buy at >1700p? (Especially this side of 31 Oct …. ;0)

[aimtoretire] 30/8/2019 09:35

GSK has been more or less aligned with FTSE 100 since 1st August. I'm guessing this will continue until some news specific to GSK causes it to break away up or down. Difficult for those of us wanting to buy - unless you've got a crystal ball.

[tim 3] 29/8/2019 21:48

If it breaks 1730 likely to see another leg up imo.

[abdullla] 29/8/2019 09:14

This tree shaking looks to be working in opposite direction

[abdullla] 27/8/2019 14:10

It looks like GSK is tracking the Ftse

[tradermichael] 27/8/2019 09:15

Its just shaking out the novice buyers who bought on the way to the top.

There could be a short-term double bottom here, on 1650p, or possibly a triple bottom.