Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : ABT: Abbott Laboratories -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (11)	6/12/2002 12:57:06 AM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 33

Hey Paul, I did short the stock for only a fraction of the fall. It held up well for longer than I felt comfortable so I was shaken out of my short position. I do think it is a buy in here. The only thing holding me back is the trend. If the stock breaks and closes below its 52 week low, it could go much further even though it is oversold. I would not be surprised to see a rally to the 45 area near term if the market can rally. We seem close to capitulating in the general markets which could knock ABT to 32...I'd be very careful and would not use margin. Good luck. Steve D.