In terms of taking a position now, I would say it is better to step aside and let things settle (seasonal factor, summer season, is against you too).
There is currently support between 6.7 to 6.9 but the stock is repeatedly testing this, with current volume and downside movement the risk is skewed to the downside; if that gives the next area is approx 6.5. That is the point I will be looking at, if it gets there, to see how BSX handles it.
Looks like it needs to do more work before it can break the $8 mark.
Having said all that - appointment of a highly regarded (by wall st)CEO could easily result in "turnaround" momentum buying....
We have ALL done it! Just most folks never admit to themselves, much less anyone else.
Watched my vested interest in my former employer go from $128k to 00.00, with no way to get out.
There is no T/A, F/A, or any other system to predict this type of event, and this is the stuff that moves stock price.
It's just a casino, and the house always wins. All we can do is try to scrape a little gold dust off the floor.
I console myself knowing that in a few years, cash will be worthless as well. :)
crap, 7 more cents down and I will have to make another decision.