Boston Scientific Corporation Message Board
-
Gap 1closed...
Gap btw. 44 and 45 closed. Next number to watch
is 47.50, the lower end of the gap btw. 47.50 and
52.25 created on 11/3. Currently the stock has broken
thru 46 but is running into some selling pressure,
presumably by some of those who bought on 11/3 after the big
initial drop from 11/2 and were blindsided by the day
long trading halt. A move above 47.50 even on an
intraday basis would be bullish while a break below
yesterday's low would be short term bearish. Vol is heavy as
bulls and bears battle it out almost exactly inside the
middle of the range established on 11/3.
If funds
are available (i.e. if I haven't established another
trading position) I will establish a pilot position if
the stock is able to enter the gap above 47.50
today.
More later.
More later.-
If BSX keeps reboinding at this rate, will the lawyers have to change the basis of their suits from "losses" to "mental duress".
This stock is a roller coaster. -
...A very good post by JusticeReed on the
mechanics of tclass action lawsuits -
http://messages.yahoo.com/bbs?action=m&board=yahoo.fe.0b.7076649&topicid=0m2&msg
id=727v7c$l71$1@m2.yahoo.com
...They did the same thing to SMOD this past May - about
half of the groups here were at SMOD. More than a
month of multiple news items per day trying to drum up
more plaintiffs. And they may be trying to make BSX
uncomfortable - no chance.
...It will eventually
stop.
...As for the impact of the lawsuit on BSX - don't
worry. First, it will probably take more than a year to
get to any kind of resoultion. Second, all public
companies carry insurance to cover these kinds of lawsuits.
Unless there really is deliberate wrongdoing on the part
of the company officers, the insurace will cover all
of the costs.
...The sad part of the whole
procedure is that the shareholders who were "wronged"
usually get back less than 10% of their "damages" while
the lawyers pocket 30+% of the settlement (several
million dollars). -
Big volume on a multi-point move suggests a
turnaround regardless of what news there is to come. I
erroneously posted the lower end of the current gap the stock
is in as 47.50. It actually is 47.25. I'm now long
BSX looking to get to the low 50's (ideally above
52.25, the upper end of the gap) in the next 5 trading
days.
More later.- 3 Replies to Stock_Detective
-
Fifty proving to be significant resistance. Will take my profit and look to get back in if/when 50 is breached.
More later. -
I can't figure out why GDT up 4 today ???????
No news..... rising with BSX?
Any explanation? -
Hey lawyers go chase another ambulance. You are
not going to get rich off of Boston Scientific.
Boston Scientific will be trading back at it's all time
high within the next 3-4 months.
The accounting
probblems in Japan were insignificant then and they are
insignificant now. Now go crawl back into your holes where you
belong.
-