New Buy GSK
04 Mar 2016 18:36
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Market has been steadily going up for the last week and a lot of the bargains have disappeared but I still need some positions to diversify.
An area I have been woefully lacking in was healthcare of which I targeted Johnson & Johnson (JNJ) and GlaxoSmithKline (GSK). Luckily GSK dropped and triggered my limit order that allowed me to get 150 shares of GSK @ $38.90. Hopefully JNJ will trigger my limit order of $100 in the next couple of months and this should complete the buys I was looking for in this sector.
After healthcare the only sector I have left to diversify is Utilities. But they have had such a run-up this year I just feel that I'm overpaying for a slow growth sector.
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page revision: 0, last edited: 04 Mar 2016 18:36
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Close previewThanks for sharing your recent buy. I've had GSK on my watchlist for awhile and would f mind picking some up at the current levels.
To be honest I do not like where they are right now but I do like them long term. GSK has been swinging more into the over the counter consumer business which should fuel growth in 2018 and beyond. Not much downside to the price so I grabbed some now with hopes for a future.
I agree. Most of the stocks I was waiting to buy have increased a lot the past 2-weeks. Oh well, I'll wait for the next dip. GSK is a great buy at the price you paid.