Overreaction to news. Shares correcting lower. Stock still way off the $7.78 close of March 12 (last trading day prior to suspension of ICD sales). Price reflects serious skepticism about the return to sales volumes prior to ICD recall. Downtrend in 50 and 200 day moving averages intact. New lower highs, like this one, leading to new lower lower lows (see chart). Resumption of ICD sales is a big long term problem. Many accounts are lost for good. Physicians are smarter than the FDA...
Price action really weak (up 1 cent, woo hoo!). Volume back to normal levels. Stock unable to meet, let alone surpass, its 50 day moving average ($7.47). Unable to recover to pre-recall levels ($7.78). Recent ICD news fully factored into current stock price. Expect a downturn in response to earnings.
Strong resistance upward at these levels... not expecting any positive movement until the company divests business units to deal with its debt service.
Glad to hear some sanity on this board. Some of these longs are on the proverbial ship of fools. I guess once you are pot committed, so to speak, you have to justify why you didn't dump your shares when the smell of failure began to over power your optimism. The simple bottom line is that doctors need implants for patients quickly without drama, delays or explanations about lawsuits or FDA investigations. If a company like BSX cannot provide simplicity and efficiency someone else certainly will, and we should be glad there is still that choice while we have it because at the rate the government is trying to go, the last thing we will have is any choice.
You can't fool everyone on this board you snake oil salesman. Instrumentation for designing and testing devices typically would not fall under part 11, which deals with electronic signatures, not test equipment!
you need to put down the smack, press the buy button it over reacted when it fell and its not even close to being back up. 12 dollar target coming from two analyst and 10 dollars from 1 analyst. gl being short-bwaaaaaaaaaaaaaaaaaaaa
Wow, you make such a compelling argument for your long position. You left out "liar, liar pants on fire" and other playground taunts. Grow up. How can anyone take you people seriously. You're all gamblers, not an investors. Good luck. You'll need it.
I'd be very surprised if sales ever return to pre-recall levels. Until they do, expect more bad news.