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Impax Laboratories Inc. Message Board

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  • blackdiamondjack blackdiamondjack Dec 16, 2010 5:33 PM Flag

    IPXL/GSK Deal ETC

    baronvonkirk, doesn't it seem THIS agreement will raise IPXL earning's? Just for starters '10 will be stronger w/more cash on hand but going forward into '11 Impax should see $2.00 + ps. This is VERY GOOD NEW's, yet the sp is struggling?? What is UP w/that? Hoping analysts will put a pencile to the figures, also upgrades are in order. -jack-

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    • "the sp is struggling"

      No it's not.

      Don't go by the day price. Look at a longer timeframe. IPXL's 1-yr chart shows an ascending triangle -- higher and higher lows. That's a very bullish pattern. It indicates investors are accumulating on the dips and holding. Look for an upwards breakout if the triangle narrows further in Q1 or Q2 of 2011. No guarantees on the timing nor the outcome but that's the most probably continuance of such a pattern.

 
IPXL
38.13-0.77(-1.98%)Jan 28 4:00 PMEST

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