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Abbott Laboratories Message Board

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  • snugly60031 snugly60031 Jun 2, 2004 4:49 PM Flag

    Spec/Ortho: Implant stocks-OpinionENCR?

    Spec,
    It took a big % hit today, closing @ $6.14. Reason I'm targeting initial buy @ $5 is that they had an IPO 8/03 @ $4 and then another 12/03 @ $6.25. Appears from insider trade listings that insiders did a mass sale on the 2nd IPO. Although it got up to about $9 during 1Q, IMO anything $6.25 or above was considered overpriced by the insiders. Would expect it to drop below $5, but since I don't know exact low, would plan on beginning buying @ $5, more as it goes lower. Snug

 
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