I don't get it either, however, I will be very tempted to buy up to another 500k shares if it hit $.06 again. Watch this thing. In recent days it has gained while the market dropped. Prior to the "recession" it often did the same thing. An omen??
Sell after the news because it had a pretty good run up from November lows. But with earnings and dividends raised sellers will be kicking themselves when the stock reaches 80+. All that matters is earnings and dividends and not some knee jerk reaction of some traders.
My guess is sellers coming from 60+ in past 2 mths. Volume today almost 3 times normal. Probably a good time to resume buying as evidenced from the pick-up in today's tail. Let's see what analysts have to say - they're currently projecting 77-92, median 84, for 1-yr target.
The market is hard to understand, my opinion bdx is down is they missed revenue, however they beat eps and raised earning guidance, also last Month they raised their dividend; a lot of companies are cutting. I bought some shares at 70.25. My opinion is this is a great company to hold long.
Every earnings report for every stock I am reminded why never to buy the day before earnings. Unless a stock completely kills expectations, it goes down. Earnings per share is the single most important figure for a stock during guidance; after all, that's where we get the all-important PE ratio. Second most important thing, also right up at the top, is forward guidance, which went up today. Third most important thing would be revenue/sales. I'm about to listen to the conference call to glean whether there's any more rational reason for the drop today, but I'm not expecting much.
On a side note, it's been a bad day for a couple of healthcare stocks today, I'm not certain why.
The biggest news that I want to see now is what analysts say after today's report from BDX. If 12-month forecasts go up, I don't give a damn what people decided to do today.