What would people do if I said these thing to
their face? What have I said that is so insulting?
Nothing. Don't take it too personally that your stock is
in the toilet. It was a bad call on the part of
anyone who tied up their money in this stock for the
last five years. I guess you would like to channel
that energy my way since you are powerless to take it
out on the Abbott management.
So, yes. I laugh in
your face and there is NOTHING you can do about it.
You sure post a lot. I'm sure you are quite
impressed with your posts and how smart you are. I'll bet
you are a Renaissance man too.
To what end are
you posting all of these messages, and being so
insulting to people that would probably kick your ass if
you said some of the things to their faces which you
Please go back to the OTC boards. You will find much
better company there whom are equally insulting, self
serving and chicken shit.
So your ABT has retuned some 350% in 10 years,
correct? So you expect it to continue right? It's a lock
you say. Future growth is the same as historical.
Shouldn't you buy Cisco, then? Let's see, CSCO has returned
45,000% in ten years. Using your logic, it's a lock that
it will continue to do the same. Dell returned
50,000%, Microsoft 8,000%, Intel 3,500%, Applied
Matterials, 4,500%, America Online 42,000% (although that's
only 8 years back) in those same ten years. Using your
logic everyone should invest in those high return
stocks, right? Why settle for 350% in ten years? Unless
you are happy to settle for less.
I never shorted Merck you idiot. Yeah, I LIED. I
just wanted you to admit you got out of your position
you moron. I don't short stocks - too much risk , too
Besides, even if I did short Merck do
you think I'd be pissin' in my pants over a 1 day
gain? I'm not day-trading these freakin' giant drug
stocks. Just like I'm indifferent about the fact that ABT
is up 1/2 since I bought at $36.50. Sure I'd rather
go up than down after a buy, but in the long-run
it's not important. What is important is that ABT
returns an average of 15% for the next 25 years. That my
foolish Monkeyman is a lock.
I'm sorry but I'm not Dr. Fungwhatever and I'm
not Chowy Amanda. I'm the monkeydozen, damn it! Too
hard to beleive there might be more than one person
down on this stock?
I do like how you wished
luck to the ABT longs. You'll need it. I suggest snake
charming, rubbing Buddah's belly, crossing your fingers,
throwing a penny in a fountain, killing a sheep, blowing
up a building (in praise of allah and ABT shares) or
some other meaningless rutual. Tried it all? Damn, ABT
shares are still underperforming. Wonder why. I guess
luck has nothing to do with it.
ABT closed up, true. Is that a bullish sign? Hell
no! You see, there was money moving into the sector
and a little of that helped ABT maintain that level
you are calling support. Is it really support? I love
how people on this forum called 39 support. You
should look up the definition of the word and look at a
chart. There is nothing to suggest that 37 is any kind
of support level.
The problem with your theory
is that Abbott is having some serious run ins with
the FDA. That kind of uncertainty has some people
scared enough to drive the stock down. Someone here said
that it's fear driving the stock down. Hello! Of
course it's fear. You don't want investors to fear the
future. Will an FDA agreeement cause ABT to jump up three
points? Not likely. When bad news hits it causes the
stock to get hit bad and any clarification on that bad
news doesn't cause the stock to come right back to
where it was before the bad news hit. It might come
back 50% of the drop and then sell off a little and
slowly work it's way back up. Even in a best case
senario you aren't going to see 40 in October. That best
case senario includes a closing of the FDA issue which
is a lot to hope for.
Time to cover? I think
not. There will be either some more bad news or
another downgrade. I'm waiting for that next 10% drop
before I think about covering.
A sucker's rally is when the market makers bid up
the price of the stock, which entices the small fry
like all of us to jump on board, thinking a real rally
is going on... then when they feel they've pushed it
as far as it goes, they pull out the rug, and start
dumping huge huge blocks, driving the price even lower
than from the low at which the "rally" began.