I used to own BSX and I am thinking about getting back. I have only casually followed this stock lately, but it seems that NIR approval is likely to come in the next few weeks (at least that what it said in some of the news items I found on Yahoo). My question is what will happen to the price upon approval. Will it move or is it already built into the price? Any possiblity of people selling on news?
With NIR approval the investment community WILL NOT sell "on the news" as with 1/4ly and annual earnings reports/rumors (ie. buy on the rumor & sell on the news). Reason: NIR will SIGNIFICANTLY impact 1/4ly earnings and allow bundeling of all product lines (not just cardio, but neuro, endo, peripheral etc..)
My recommendation? : Buy now or forver hold your peace :)