i like gsk at the moment as a pharma play
as stock languishing at 52-week low due to tax loss selling
=== Solid companies have been sold to be used solely as write-offs, and you can gain from that
Shares of solid companies go on sale at this time of the year simply because it's the season for tax-loss selling.
Tax-loss selling hits stocks that have had a bad year. Investors want to dump them to beat the tax man by booking losses to offset gains.
=== But, come January, the tax-loss sellers are gone, and those stocks can rebound. Short-term traders might book quick profits.
dumping gsk for tax loss? stock hovering close to 52-week low price ...
the laggard of this year may be a star of next year or vice versa?
GlaxoSmithKline (GSK) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch.
Sentiment: Strong Sell