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Abbott Laboratories Message Board

richoncat 66 posts  |  Last Activity: Aug 7, 2014 1:29 PM Member since: Nov 24, 2006
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  • Reply to

    Richoncat pees sitting down

    by messageboardspam May 31, 2014 2:13 AM
    richoncat richoncat May 31, 2014 8:56 PM Flag

    Yeah but my 6% gain is on a base 100,000 times larger than yours. I don't have to swing for the fences to make a handsome living, I only need to make an income larger than my expenses and my net worth will grow forever. I'll outperform you on a gross basis for the rest of our lives.

    But I'm not here to compare my situation to anyone else's. Sure I had a lot of luck, worked hard and invested during an exciting growth period. But more importantly, I want to encourage folks to educate themselves and their kids and live within their means. Ignorance and debt will guarantee a miserable life.

    Sentiment: Hold

  • Reply to

    Richoncat pees sitting down

    by messageboardspam May 31, 2014 2:13 AM
    richoncat richoncat May 31, 2014 4:36 PM Flag

    Yeah he obviously loves me. Easy to be a tough guy on an anonymous message board. So be it.

    Sentiment: Hold

  • Reply to

    Richoncat pees sitting down

    by messageboardspam May 31, 2014 2:13 AM
    richoncat richoncat May 31, 2014 7:57 AM Flag

    Those comments are certainly going to help move the discussion of CAT's business forward. But thanks for the kind thoughts. Hope you have a fine weekend as well.

    Sentiment: Hold

  • Reply to

    Randy is a knucklehead!

    by cat_2_75 May 30, 2014 9:21 AM
    richoncat richoncat May 30, 2014 9:01 PM Flag

    I suspect he was in charge of CAT's installation of SAP operating software and it's not going well. CAT paid a fortune for SAP's software but the integration was always viewed as being nearly impossible. CAT's home grown software was archaic but it was developed with CAT's culture and operations methodology as a guide. Taking tools away from people and telling them to live with what SAP provided was never going to work in my opinion. His departure may be related to that, maybe not. Just sayin'.

    Sentiment: Hold

  • richoncat richoncat May 30, 2014 3:52 PM Flag

    I'm in the Caribbean on vacation and just stopped in the room to escape the sun for a few minutes and felt compelled to see what kind of drivel you've been writing. Sure enough you haven't disappointed me. The chances you you picking the right two days to make 9% in two days without ever losing that much over two other days is just about zero. Nobody can randomly pick the up days from the down days consistently. If you could you'd be working the trading floor in NY or Chicago.

    As far as my short term trade is concerned, who cares? That trade added about a buck and a half to my overall cost basis for an average of $43. I thought the chart looked good and tried a short term trade I normally wouldn't do. I could have put a stop under but why bother. Overall I never got much below an double and I'm working towards a triple.

    Of course I stand by my call that you most frequently remind us about. I'm not at all worried about Lucy yanking it away. I have a handsomely diversified portfolio that pays me to retire, vacation, golf, play with my toys, take care of the family and make enough money in the market to pay for it all. I'll stick by my thesis, (which I borrowed from W. Buffett); buy stock in good companies at value prices and hold for practically ever. They pay you to own them and grow handsomely throughout your lifetime. Has worked just fine for me. So go play your TZA or whatever and hope you can guess what days will be up and which will be down. That's just all noise to me. Adios. IGNORE.

    Sentiment: Hold

  • Reply to

    Randy is a knucklehead!

    by cat_2_75 May 30, 2014 9:21 AM
    richoncat richoncat May 30, 2014 12:29 PM Flag

    My guess is his signing option bonus just vested and he's headed to greener IS pastures. For sure CAT is not one of the IS industry's glamour jobs. Google, Amazon, even Yahoo and eBay are more high profile CIS jobs. But CAT? Not. He'll pocket a $mill from his options and move on. Who knows with only a days notice he might have been canned but allowed to resign to keep his resume clean.

    Sentiment: Hold

ABT
42.24-0.11(-0.26%)Aug 29 4:00 PMEDT

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