I was trying to figure out what caused the spike in the stock price at the end of the day on Friday. Volume suddenly increased and the stock price jumped 10 cents or so in a matter of a minute or so. At first I thought it was some big time money manager getting his necessary money he has to report at the end of the quarter or end of the month into say the medical device sector since Friday was the last trading day of the quarter. Problem was that I do not recall seeing this in the last few minutes of trading in a quarter in this stock in the past.
So next I started thinking maybe it is the corporation buying back stock at the end of the quarter so they can report it as being bought back in the 3rd quarter and report on it on the coming quarterly conference call. SInce the 1 billion dollar stock buy back program is about half way through that 1 billion dollars.
Now having read some of the news that came out on BSX at about 5 on Friday. I really think it is becasue of the approval of the S-icd system by the FDA. I think a few people got wind of the FDA having had granted approval of this particular product right before the markets closed on Friday and before the news was made available to the general public. If the approval of this product is in fact what was driving that spike on Friday then Monday should be a very interesting trading day for the people who are long on this stock. That particular device (the S-icd system) has been receiving a lot of visibility in the cardiology space and its release has and is highly anticipated by Cardiologist that implant ICD's.
I guess I will never know exactly for sure what caused that spike on Friday but if the stock continues to move north on Monday then that would offer some confirmation that this FDA approval is driving this.
Hey, thanks for finding a link that is SEVEN AND A HALF YEARS OLD, nothing like staying on top of current trends!
I guess that would explain why you and your boyfriend spend so much time underwater.
A lot has changed since your "source" article was written, ie, sophisticated algorithms, HFT, etc.
But all that aside, it was the fact that you missed the big move on 9-24, yet speculated for hours about the reciprocal move on 9-28. You seem to have blinders on, as far as negative market moves, but hey, thats JMO.
As far as this comment: "It is not my job to educate you!"
That's a pretty arrogant statement, coming from someone that didn't even know what 'Insider Trading' was, from an earlier post.
You educating me is akin to saying Richey took First Place in a Spelling Bee (not gonna happen).
And how surprising was this statement: "Grow - up and stop the name calling".
The obvious conflict in that statement, is you start the post with name-calling, and end by telling me NOT to.
Can you see how incongruous that is, or do you need to be 'educated'.
"Problem was that I do not recall seeing this in the last few minutes of trading in a quarter in this stock in the past."
Geez, you must be blind, or an idiot (or both) as you only had to go back FOUR days from the 28th, to the 24th (Monday) and you would have seen the exact same move, only in the opposite direction. Guess ya didn't look very hard, huh?
Your post was just another example of you taking up a lot of space to say NOTHING!
Are you that needy that you have to write anything, in order to see your name in print?
Oh, look at me, I can write long posts that shows everyone how wonderful I am!
As I said before, you sure do waste a lot of space to say nothing!!!!!!!
BTW, we' down about fifty cents from where we were that day.