GLAXO CHARTS

An announcement expected from the USA - FDA on Glaxo drug prior to 18th March 07. The drugwas submitted on the 18th sept 06 and promised a fast track approval within 6 months hopefully this will be good news,even if it isnt the dividend and P/E is reasonable.

We are in an ageing population, nations are becoming more affluent, and Glaxo R & D has a number of new drugs in the pipeline, add to this there is possibility of bird flu epedemic.

In the last month new cases in Egypt,Thailand,Indonesia which I truly hope it dosent materalise but Glaxo is one of the shares to hold if it do's.

I expect to make 10% by end of March 07 plus dividend.

Happy new year have a great 2007