Some geniuses here prognosticated that "it is inevitable, a certainty."
I am being proven right yet again, but I don't expect the guru cognoscenti of this MB to acknowledge it.
do you get paid to post this crap? I posted awhile ago..good entry at 50...no is not over 60 "today"...in this market..has strong support at 50...never said it would light your hair on fire...said it was a good entry point in a market that is crap...use their products daily...cash flow...
good luck all
you have only proven you are an idiot...read back a few months...."good entry point"..at 50, well...given the carnage in the markets...this stock has NOT broken down...I did not say it would light your hair on fire...so with stops in place for the down side...am doing fine here..good luck all
Just as I predicted in June, this stock, which never, ever fails to disappoint the longs, is now going to low 50s for the umpteenth time.
Now, those of you who accused me of being short and short-sighted, should recognize that i was right all along.
ABT is not going over $60 any time soon.
Oh yes, it may go over $60 for a day to retreat back to its current trading range.....
I am not a trader, short seller, etc.
I kept this stock for over 20 years to see it going through this fandango dance time and time again..
Now, this stock is clearly being traded back and forth and there is no compelling reason to believe that it will go over $60 and stay there in any foreeable future.
P/E is at a premium and there are many unknowns as to the future of the coronary stents.
It probably is less stellar then some enthusiasts here were predicting.
As for management and company itself, it is one of the best if not the best in the sector.
And it is a very tough sector for sure.
That's exactly right.
ABT is a very well managed company but there is a limit of what investors can reasonably expect in the next 12 months.
Any talk of permanent over $60 is not very wise because of the factors expressed by previous poster.
There are serious questions concerning the stents and specifically, how successful they will be.
I also held ABT over 20 years but do not see it going over $60 and staying above that level any time soon.
With that being said, it is an excellent company with very good management and we shall see if in the next 12 months it can overcome $60 barrier.
I sincerely hope so.
haven't been watching too closely but it looks like its been relatively low volume which is somewhat disconcerting. Its been a blast playing the options but, as has happened many times, if you're not on the right side of the fence when the big boys decide to move things one could get screwed
long term basher...see post : entry point in around 50. I think the market eventually gets it right...face it..you are wrong...I will take your short postion when you cover ..
good luck to all..this stock is a slow mover but downside risk ..little..the best of breed win..
Is it over $60 yet?????
Wasn't ABT stock supposed to be $62 by the end of Aug?????
What happened to the "genius prognosticators" that were so sure of the continuous ascent of this ABT stock?
Athero(sclerotic) and the rest of them....