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Csl
Couldn't find a CSL thread.
Took a position in CSL on open this morning. I have been considering an investment/trade in CSL for sometime. A recent report from UBS suggests that CSL will receive government funds to develop a vaccine for the swine flu (which apparently only takes around 4-6 weeks?) and then will have to ramp up production of the vaccine.
Also CSL has already raised the funds to pay for its Telecris acqusition which I expect will get approved eventually.
The TA experts may also think the close above $33 was a short term positive.
If the market tanks on economic and flu concerns CSL may show its defensive properties again.
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