ACCUMULATION!!!!!! Look at the past 5 days. you will notice that they have all been held under 63 and MUCH higher than typical volume. This is the same thing i noticed with ISRG before it went from 95 to 150... BDX is a great company. I used to work for them and i know a few other people that have as well. Their business model is phenominal and they are in a such a great niche that they are proteced from much competition and recessions. Look back at 2000-2002, the stock barely took a hit at all, the same thing this time. MAJOR support at $60... They haven't broke $58 in over 3 years...
thanks... that is a good idea... But i won't be happy till 70... should only take a few weeks. i think 65 by end of week... GL to you... hope you don't stay short on this. I would rather short MGM or BIDU tomorrow... but you know bull rally's... they can go up far beyond what we think
ok, Mr. Denial. Keep thinking its going to break 58.00... Go ahead and short it here. I would LOVE to see you do that!!!! You just don't have the guts. I bought at $61.10. Full Disclosure... if i hold on to it till Jan 2011 it will be worth $100. That is less than 2 yrs. If i want to i can sell it for $72 for a 10% profit by the end of June.
Well when you look at the charts a drop to low 50's is the next level of support if 58 is broken.
The problem I have with that is that 3.5 years time difference reduces the revelance tremendously for a stock with steady year over year growth rates. Earnings are now 35%-40% higher than what they were then.
Theoretically the pessimism towards BDX is greater now, and understandable with the uncertainty of the gov altering the medical field.
I just don't see a price of 50 unless a really radical overhaul of the health industry is enacted that would drastically cut into profits; which I don't see happening.
For the record, long term purchaser of BDX when it is undervalued IMHO. It was my largest holding during the crash of 87. I have always admired the consistent and always evolving manner in which this company has operated.
okay--whatever you say...but being in denial is a sure way to lose money in the market--don't forget to enter your stop-loss order and pray that BDX doesn't gap down below it.........
my number did not change... i round to the nearest 5 for easy math, i put 58 to make it more clear to you that you are 20% off from "your" target and give you a DEFINITE answer. 58.14 is the 52week low and it WILL hold. sooo 58.14... uh oh, i raised my price now... hahahaha. Watch and learn.