On Tuesday, I sold 7,500 shares of ABT stock that I have been accumulating since 1985. My instinct told me an earnings disappointment was coming and I wasn�t wrong. What did it for me was watching the stock go sideways while the rest of the market goes up and watching it go down while the rest of the market goes sideways. Since 1998 this stock has been treading water. Past history is the surest indicator of future performance. Need I say more?
The money from my sale will be rolled into better investments. The stock market is on the brink on its next great bull run. This time, I can be a participant in the bull run instead of a spectator!
Gutsy move, Stinky. When I extricated myself from an over reliance on the laggard, I did it a bit at a time. Usually, making a ballsy move like you did blows up in the face of us small timers. If I had done what you did, the laggard would have gone up after I sold and everything I bought would have gone down. Hopefully it will work out for you and everything will go up. Have friends and family still suffering with the laggard and would like to see it go up so they can bail - unless they are like other laggard lovers on this board that are too psychologically attached to sell.
It is amusing that the pet name for ABT stock is �the laggard.� I�ve never seen this before, but then, I don�t spend much time on the message boards.
Yes � it was difficult to decide whether to trickle my holdings out of ABT or dump �the laggard� all at once. I puzzled over this for months, watching the stock drift down with each passing day. Then, a simple football analogy made things very clear for me. Assuming that history repeats itself, I asked myself what was more likely: ABT throws the long bomb for a touchdown or ABT fumbles the ball into their own end zone?
I think everyone on this board can correctly answer that question.
The $300K is rolled into a diverse mix of growth, blend and value mutual funds that will take advantage of the future bull market.
Am I reading this right? ABT EPS is flat? If so, one needs to look no further than MRK to see what that kind of performance portends for the future.
Persh- i'll take that bet, lunch at Highlands Inn next to Tickle Pink.I am happy for small gains ABT hit $42 & NFI $34. I really got good vibes about NFI, I take back all those bad posts I said about Aok's friend Dirty.Wish Ponte would tell us why he is so unhappy, anyone know?
Plute, you said:
"Admittedly,I am not a dancer like Persh & Kiki..."
50% of my net worth is in bonds, notes, cash, gold and Swiss francs. I'm not counting my home.
Now, does that sound like a dancer.
I don't like index funds, ie the S&P or the DJI but they have been safer and more profitable than ABBOTT LABS.
Plute says he does not like bond funds when we are coming off the mother of all bond bull markets!
I have said it many times on this board. ABT and some on this board are joined at the hip. There have been no blockbusters in how long from anyone?
If I was to bet I would say 50% chance of ABT below $40 EOY.