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Abbott Laboratories Message Board

mjs030853 2 posts  |  Last Activity: Jun 24, 2014 4:03 PM Member since: Apr 3, 2009
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  • mjs030853 by mjs030853 Jun 24, 2014 4:03 PM Flag

    If you do your due diligence there is NO reason to have a "bad feeling" and mgmt is not trying to F$&# anyone. Mgmt is making a positive move eliminating these 3 rigs. All 3 are deep well rigs that because of new stricter laws are extremely expensive to operate and with greater risk.
    As far as "what's going on with RIG". RIG stock is currently shorted by 14.8% - that is unbelievably high. Today's action is nothing more than a combination of investors taking profits from the recent $4 move up and selling on the news. Shorts lick their chops when they see selling on the news and jump on this type of action to make a quick dollar. Don't forget, this is a zero sum game we play. Everyone is looking to make money and the bulls are in a great battle with the shorts. Trust me, the shorts know their opportunities to make money shorting RIG is almost over, but they still have a few more plays before this thing runs to $60 - the technicals are strong with the stock reaching higher highs and higher lows as it steped up past the 200 day ma. Longs, you need to be patient and sit back and watch all of this fun- I got in at $41.47 and $42.00 and am in no hurry with a 7% divvy

    Sentiment: Strong Buy

  • Reply to

    bad feeling

    by dou_cme2011 Jun 24, 2014 10:27 AM
    mjs030853 mjs030853 Jun 24, 2014 3:53 PM Flag

    If you do your due diligence there is NO reason to have a "bad feeling" and mgmt is not trying to F$&# anyone. Mgmt is making a positive move eliminating these 3 rigs. All 3 are deep well rigs that because of new stricter laws are extremely expensive to operate and with greater risk.
    As far as "what's going on with RIG". RIG stock is currently shorted by 14.8% - that is unbelievably high. Today's action is nothing more than a combination of investors taking profits from the recent $4 move up and selling on the news. Shorts lick their chops when they see selling on the news and jump on this type of action to make a quick dollar. Don't forget, this is a zero sum game we play. Everyone is looking to make money and the bulls are in a great battle with the shorts. Trust me, the shorts know their opportunities to make money shorting RIG is almost over, but they still have a few more plays before this thing runs to $60 - the technicals are strong with the stock reaching higher highs and higher lows as it steped up past the 200 day ma. Longs, you need to be patient and sit back and watch all of this fun- I got in at $41.47 and $42.00 and am in no hurry with a 7% divvy.

ABT
42.40+0.26(+0.62%)1:18 PMEDT

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