If the major funds were bailing out at this point, the volume would probably be a lot higher and these companies would be taking an even worse beating than yesterday. Anyhow, you might want to count your blessings on ABT today - it's up, while PFE, MRK, GLX, and others are down. I don't think you need to be worried, but you should be commended for your vigilance over your portfolio. :) Best wishes and good luck.
I wouldn't think that the institutions are bailing out here. There is just tomuch upside potential left in this sector. Take a look at a good generic company, Mylan, up today 5/8 on respectable volume.
Concerning ABT, it has had a good run and probably needs a rest, especially with the coming 2-1 split.
I'm crying in my beer over this one! I can' imagine that this is over that lawsuit. There wasn't that much money involved. If it's because of the suit it's an over reaction & this small dip may be a time to take on more shares. When you look at some of the other drug stocks, many of them are down as well????
all pharmacuticals were dawn today also abt lab has good management and good products . if you go to any hospital look around almost 75% products are from abt from pumps to meds to supply wait to see market for abakase.