I am titling this message to you but the reality is I know better then to think I will ever change your mind so this is basicly for the other readers of this board.
I can read charts. I prefer to listen to news flow and look at trends.
First on the news flow side. HRS (Heart Rhythm Society) annual convention is in a week or so. This is the largest annual meeting for Doctors and associated professionals that work in the implantable medical device arena. Always a lot of news flow during this meeting from all medical device companies. I am willing to bet that this range that the stock is in ($7.00 to 7.50) will be broken shortly after or maybe even during that meeting.
Next another point that I would like to bring up is a fact that anyone can verify easily but few maybe aware of. If you go to Analysts opinions click on that and then go a little more then halfway down the page and click on "more upgrades and downgrades for BSX", if you do this look at the regularity of major analysts doing upgrades and downgrades over the past 12 to 13 years. Remember our last major analyst opinion was an upgrade by Collins Stewart in Nov 2010. You will notice that for this stock to go 4 to 5 months without an upgrade or a downgrade is there, but uncommon. For this stock to go to the end of summer without an upgrade or a downgrade is very very unlikely. In fact that hasn't happened in the past 12 years maybe longer (only 12 years worth of data there)
SO to think that this stock will be range bound till the end of summer I think is unrealistic. and I am basing that on historical patterns and facts.
The only thing that is more likely then an analyst's upgrade or downgrade to break a stock out of a range is the actual quarterly earnings reports themselves. The past 3 quarters have been very very positive. What do you think the next major analyst's opinion is going to be? ......... Up or down????????
P.S. Karma is a bit<h
Thanks for calling me a fool for being long, You'll get what is coming to you.