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Bristol-Myers Squibb Company Message Board

  • retirementcash retirementcash Sep 24, 2010 9:42 AM Flag

    Clue to the past 3 days trading in BMY


    We had 3 days of unusual trading at the close....and today an upgrade and a downgrade!

    And we are down in a up market!

    Is it worth staying in for the Div?

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    • Good call on the 27.

      Floor is at ~$26.50, the 50dma, but again, I dont see us getting there.

    • OK, time to start averaging back in long...slowly

    • Good luck. It's labeled "HTB" so you may not find any to short.

    • Well is time for me to short this piece of dung.

      Looks like the PR machine spent its last and the downgrade is still in place and dividend almost done....

      Down this week in my opinion

      Longs are bagholders and should look at this as a gift...

      Please keep it up an hour so I can average in my short

    • Consumer confidence drops to lowest since Feb.
      By ANNE D'INNOCENZIO, AP Retail Writer Anne D'innocenzio, Ap Retail Writer 7 mins ago

      NEW YORK – A monthly survey shows consumer confidence in September dropped to its lowest point since February as Americans' worries about jobs escalated. The report raises more concerns about the economic recovery.

      The Conference Board says its Consumer Confidence Index now stands at 48.5, down from a revised 53.2 in August. Economists surveyed by Thomson Reuters were expecting 52.5.

      The reading marked the lowest point since February's 46.4. It takes a reading of 90 to indicate a healthy economy.

      Economists watch confidence closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong rebound.

      The index is based on a random survey mailed to 5,000 households from Sept. 1 to Sept. 21.

    • Forgot

      BMY is still HTB

    • In my opinion BMY could trace along close to an average of this group later this week...


      This also makes me think a slight pull down today of less than 1%.

    • Hey!

      Your technical analysis is spot on.

      We base from here as the next sets of news are.

      IPI panel review date
      Panel recommendation

    • Thanks, Mulletman - appreciate your posts.

      I know it sounds naive, but I've learned (or maybe retained) more about stocks on these MBs than I did in my MBA finance classes.

      I'm probably the antithesis of the "smart" investor - I typically invest with my heart instead of my head. Been burnt a few times with that approach. Also like rolling the dice for some risky plays (of which, I considered MEDX), but to date, it has been a very profitable gamble.

      I'm hoping Ipi approval (whenever that day comes) takes BMY to the mid-30s or more. I won't retire rich, but I'll have enough to send my little Diablos del Sol to Tempe in 15 years.

      Best regards.

    • Asundevil - Thanks - Will do.

      In my opinion...

      I do not think we will revist the 50dma at $26.28 or $26.50 in the near term. But I do think there is a date with $27 this week. Then BMY could resume upward trend unless significant news in sector or market slams everyone.

      Not a fast mover either way.

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70.61-2.03(-2.79%)Jun 24 4:04 PMEDT