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Boston Scientific Corporation Message Board

  • carolyn_novice carolyn_novice Oct 16, 2013 10:03 AM Flag

    Seven Pillars for Success BSX @ 12.35 New High

    Seven Pillars for Success BSX @ 12.35 New High

    There is very little overhead supply above $12.50 to $13.00. Any down move here will leed to more buyers.

    There are SEVEN PILLARS OF STOCK MARKET PRACTICE necessary for success.
    1. Determine whether the market is in a "bear" or "bull" trend.
    Then determine further whether it is a major, intermediate, or minor trend.
    TRADE WITH THE TREND!

    2. Determine which groups of stocks are the strongest.
    TRADE IN STRONG GROUPS FOR ADVANCE! TRADE IN WEAK GROUPS FOR DECLINE!

    3. Select the strongest stocks in these particular groups.
    TRADE IN STRONG STOCKS FOR ADVANCE! TRADE IN WEAK STOCKS FOR DECLINE!

    4. BUY ONLY ON REACTIONS-not on advances!
    SELL AND SHORT ONLY ON ADVANCES-not on declines!

    5. Place a mental or (if you do not watch the tape) actual stop-loss order of two or three points on your trades.
    BE AT ALL TIMES PROTECTED AGAINST POSSIBLE LOSSES!
    CLOSE OUT WHEN TRADE GOES AGAINST YOU.

    6. Protect your profits by stop-loss orders. Let your profits grow when you see your stocks advancing.
    HOLD OUT FOR LARGER PROFITS!

    7. Do not hesitate to take your profits; you may be able to re-buy the same stock at lower prices.
    SELL WHEN YOU THINK THE MARKET IS DUE FOR A REACTION!
    SELL AT THE TOP * * * NOT AT THE BOTTOM
    BUY AT THE BOTTOM NOT AT THE TOP

    BSX Stock rallied on VERY HIGH VOLUME and will most likely consolidate at low volume in a trading range above these prices.


    THE SEVEN PILLARS OF STOCK MARKET SUCCESS

    Wisdom of George Seaman

    Sincerely,

    Carolyn Novice

    Sentiment: Strong Buy

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BSX
14.81-0.04(-0.27%)Jan 30 4:07 PMEST

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