at 25 7/16. I bought back at 23 3/16 today before
market close. This dog is good for trading before it
moves back to 28 to 30 by next month or so. I predict
the low may touch 22 (intraday) one more time.
Tomorrow may be another ugly day for NASDAQ. Good luck to
28 to 30 is a next resistence level. Window
dressing by year end will kick off another sell. But the
fundamental of BSX is intact and cardiovascular disease is
still going on. If history repeat itself, I will start
buying big after I see insider buying (probably after
Jan). Before this, I may take my profit next week or
so. CMTO is another good one to play but in different
situation ( before CabLab certification). COMS is ready to
take off. Look at the volume of COMS and the chart!!!
History repeats itself.
do any technical analysis on this stock. Where is
next resistence level? Looking at charts, seems to pop
back up 10-20%after hitting low, then back to higher
low for next few months. Also, wouldn't we see
institutions 'buying' at year-end (last week of quarter) vs.
selling? Thanks. Any other good 'trading' stocks?
by many institutions and individial investors
mainly is TAXATION. They try to sell now and hope to buy
back after 30 days. Most of them know that BSX will
not hold this low by then. The buying pressure in the
afternoon mostly comes from investors who want to build
their new positions. BSX's fundamental is intact and it
will partial recovery in short time. So far my
observation favors quick rebound to 27-28 within weeks. it
may sidewalk for another month or two. I will sell it
and take my profit before year end window dressing
sell-off by institutions. It is a good one to trade right
BSX will move back to 27-28 level within weeks. I
got in at 22 1/16 yesterday. I have been lucky with
BSX every time when it drop to 20+ level. When BSX
moves back IT MOVES VERY FAST LIKE IT DROPS. It is a
good one to trade.