% | $
Quotes you view appear here for quick access.

Abbott Laboratories Message Board

  • siteobserver2012 siteobserver2012 Jul 24, 2012 10:16 AM Flag

    Timing of the Split Details Announcement

    With Abbott stabilized around 65, the next move will either be: 1) a drop if the broad market has a correction or mini-crash because ABT tends to track the market...OR...2) a major upside move when the exactly date of the stock split is announced because that will remove uncertainty and allow investors to time their purchase of the stock (or options). There is both up and downside potential here. However, I am personally long on the stock and believe that a year from now there will be increased value coming from the price of the two separate companies, plus the increased value of the companies when they are free to focus on their separate business lines. So I'm ignoring the pundits trying to "talk down" the stock, which in my experience sometimes turns out to be feeble attemptes to manipulate the stock so institutions can buy the stock cheaper.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
41.44-0.85(-2.01%)Sep 29 4:01 PMEDT