Ludicrous. Many have been waiting for a pullback into the mid-60. Everyone knows that Abbott is still on track for the spin-off and they have some home run medicines in the pipeline. I can't think of a better time to go all in on a long. At this price, I think it's a Strong Buy.
what are these home run medicines? how big is HCV market when everyone is in it? why would they want a near-cure for any disease??????.......gotta keep 'em hooked on the maintenance drugs; that's where the money is. not too proud to say that I bet that Abt would dazzle (massage) the earnings and I got screwed. Time to re-think going long (for the short time).
Upgraded today. ABT definitely on sale yesterday. I had been looking for this opportunity and added to my position. Kudos to anyone able to get in below 65 dollars...IMO you'll be very happy moving forward.