BSX stock is down in the mud, so much so that any private equity firm couldn be licking their chops right now contemplating to buy BSX shares for $8-10/share. The real intrinsic value of BSX share could be in the mid teens.
All I know is people shorting BSX will be running for cover. Any one of number of event could triger a sudden run for cover for shorts:
1) private Equity Buyout 2) JNJ takeover offer 3) ABT Take over offer 4) Surprise Earnings to the upside 5) Once everyone figures out that 90%+ of the float is owned by the instutional investors (smart money) 6) Once everyone figures out the insiders have been buying lately and the two principal shareholders stopped selling long time ago