While watching the progress of my market shares
on http://hotstocktip.com , I came across the
following information concerning Abbott Laboratories. The
pharmaceuticals maker and Japan's Takeda Chemical Industries
(4502 JP) have developed a drug to compete with Pfizer
Inc.'s (PFE) blockbuster impotence pill Viagra that can
help impotent men obtain an erection, new research
shows. Abbott fell 1/16 to 48 5/16.
ABT down 3%, when everything else up. The only
thing to do it buy more when its down. ABT is Too good
a company to be down this low. Without a doubt,
this is a great time to get in and look for a move
well over 50. Count me in. Also pick up WAG...its way
down and a lot like ABT (conservative and steady solid
growth). Baby boomers getting old. Good luck to all.
Its not because its below its 200 day MA. I
recently bought a basket of drug stocks that including
MRK, WLA, PFE, and LLY. All are below their 200 day
MA, but all went up today, so I don't think that is
The after hours press release did not look negative
I like ABT. I was waiting for this
pullback. I hope it stays down in the morning. If it does
PE in the mid 20's is a good entry
point for ABT.
Did you know that over the last
20 years, ABT has had the most consistent earnings
of any company. Not just among the drug stocks, but
#1 in earnings consistency among ALL stocks.
Sure hope you're right. In for 1000. Sell off at
end could be fund dumping as they anticipate rate
increase. Hope this has nothing to do with the cancer drug
issue. Good luck to you and thanks for the reply.
Yeah, you're right. I just checked the others and
they are all up. ABT has fallen through it's 200 day
moving average. However, it did that in Oct '97 too, and
it's next year and a half performance was superb. I'm
in for the long term, so I try not to worry about
there perturbations. No negative news that I can see,
but volume sure has picked up at the close.