hey private.eye...I agree with your sentiment on this stock. I jumped in too early and bought the day after the stock went down; I got out, but got back in today. I think today was the reversal day; it has been bouncing along the 200 day moving average for the last 4 days. Today it finally broke free a little bit from it's support and hopefully is on it's way to the resistance point...$7.25?...but I don't think it will reach $7.25 until next week. There are many $7.00 May calls...some people say stocks aren't manipulated because of options...but the stock does seem to gravitate towards the "max pain" point.
I watched the stock for a few days after the CEO's departure and it seems that under $6.80, it was the right entry point....
I think the Shorts and the option players have had their play and come tomorrow I expect a reversal in the PPS upwards.
Ask him about his 10,000 of MBI @11.55 and 20,000 @ 11.72 that he bragged about on the MBI board.
He's down over $100K with that and hos options he watched expire worthless.
The guy is a born liar and was banned under the alias h_azarm and had all his post deleted.
Nusiaba - what are you trying to do here??????"? You post on the board as if there are 5 different people but in fact there is only you with all of these ridiculous names. Stop with the crap all ready.; We know who you are and what you do and it's pathetic. An stop lying.........750,000 shares. Please give me a break
Under $8 BSX is a great deal considering the takeover scenario and that the pullback was caused by the departure of the CEO thus prompting heavy Shorting of the Stock....
THE fact that the CEO will be around till Dec 2011 is a great positive as he we may end up selling the company so he can cash in his stock options before he leaves.