Sell ABT(Abbott Laboratories)
Take profit as soon as it hits $37.73.The target is valid for next one week
This prediction is based on TinoIQ A11 - Overbought Oversold IQ algorithm
Probability of trade success calculated is : 99.77%.
TINO's machine learning predictive analytic algorithms analyzes thousands of stocks everyday and performs billions of calculations on last 25 years of data to predict only the best stocks for trade.
Keep looking for future algorithm based results.
I say, uncertainty. Investors don't want that. ALR created some uncertainty and print media is steering STJ acquisition. All above will be solved by time. So, give ABT a few months and it will be on its right course again.
It is refreshing to read a post on these message boards that shows clear thinking and intelligence. ABT at these prices is a gift. Might is go lower? Sure. But that would provide an opportunity to add shares. Thank you for your cogent and well written post. Let's come back and visit ABT in six months. I can already hear the gnashing of teeth from those saying, "Why didn't I buy it when it was trading so low?"
This is the best deal that ABT could make at the right time.
STJ has $677m cash, makes about $1B in next 3 quarters, has $1.5B in receivable, $900m inventory while payable is around $700m. So, there is over $3B of cash to grab when the deal is closed.
After all, with all above, ABT needs about $18B to close the deal. Two years from now, STJ assets will worth $50B.
The ALR deal can't be the sole reason for this drop ---- hopefully there will be true value here when the S&P does take that dump everyone is waiting for but never comes...
ABT very frustrating right now...
Good luck to you too..
Short term itis. Charlie Munger said it well when he said one of the characteristics of great investors is to be good at delaying gratification. Today's generation is made up of Instant Gratification addicts. If something isn't working they move on. They believe they can always be in the right place at the right time and own only things that make money. Real investors understand that price and value are two different things. So often price disconnects from value and a stock is either overvalued or undervalued. True long term investors who can delay gratification have an advantage when everyone is so short term oriented and they run away causing a disconnect in price and value so that the price is way under the true long term value. Good luck. ItsNotAllBad.
If they could get out of the Alere acquisition, the stock would recover. It's a bad deal now and I believe there is fear over getting stuck with it.
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