Just like "trees don't grow to the sky", stocks don't continue to fall forever after they've reached their intrinsic values. The charts are currently bearing this out. Volume has consistently decreased along with price. I expect it to slow down to a trickle and reverse direction.
Truly assinine comment bordering on plain stupidity.
ABT will "reverse course: to go up to $46 at the most, then POS of a stock will go down again, and so on, and so on and son, and so on...
It will be $60 in 25 years perhaps after the damage inflicted by Miles white is finally repaired.
The question is not why ABT is down last week, but why ABT has been down most of the quarter. I have several theories, but the one that I tend do believe the most is that ABT is recession proof stock that provided a safe haven to many investors during the market falls of last year and this year. This created many opportunities for investors of ABT who after the storm cashed out their positions to put the money on companies that are recovering very quickly. As the economy recovers over the next year, I expect many of those ABT investors to come back to the positions once they held.
Another laggard for pharmaceuticals is the Obama reform that hasn't been resolved and nobody knows how this is going to affect big companies
Why are we down? Because some people do not invest in companies that offer long term growth potential. These folks are only concerned with the next quarter's earnings, which they hope will significantly beat estimates. When the earnings only meet expectations these jerks sell their stocks quickly. The speculation in the financial markets need to be controlled somewhat better so that we don't have these extrmeme moves.
How? Increase margin requirements to 60-75%. This will calm the jungle beast from over speculation.
ABT is down because of yet another "one time charge" that I have been warning about for years but jackasses of this MB do not understand it.
ABT is waste of money. It's a LAGGARD.
How can your question be answered since ABT is up today. If it really had been down, I would have to stick to old saw mentioned in the previous post, trite but true: "more sellers than buyers."
When I was a broker back in the 60's I sat next to a much older man who always answered that question with "there are more sellers then buyers" . That was correct at the time of your post so now at 11:16am we have "more buyers then sellers". Who really knows the why that is the case, we just have to go with the flow and hope we get it right more often then not.
PS: I bought today at 47.15 before it fell to 46.65.