RE: Director Activity/DB price target27 Nov 2014 14:38
If anything I think the initial drop was overdone, I'd targeted lower with the short as sentiment may have taken this to pre-offer levels. However, clearly Abbvie felt there was more value to this company than current SP. This alone I think will take it to the 5000s, perhaps not without some retrace on profit taking as you suggest. I don't think anyone should be blamed for taking some off the table with profits to date.