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Boston Scientific Corporation Message Board

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  • cordialng cordialng Nov 6, 2010 10:24 AM Flag

    Why today. Why the 7-8% gain today

    BSC stock was being accumulated by instituational investors before Fridays run-up. The picture is starting to get clearer and the funds are looking for stocks like this. When the stock blew through the 200 day moving average, it started to show up on a lot of stock tracking software and brought in new buyers. The sale of the neuro unit is a tough choice, but it gets them out of a very expensive operation mainly based in california (high taxes, high wages). Stock should head up into December with some pull backs along the way.

 
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