Janie,
visx, goodness, I started to buy at 67-68, stopped out, back in at 64, only to see the continued downward trend and following the larger averages, thought we'd see a reversal. lower high's, lower low's for visx...looking to go lower as it closed near its low of the day...
Overall, pathetic perfomances. This sector is just plain out of favor. Yet, earnings continue to be beautiful with qtr over qtr numbers solid across board.
of the ones I follow (macdh), the most bullish pattern is PMSI as it bouncing off the zero line and reestablishing an upward trend.
Next is LCAV, below zero line, and just days away from crossing, UNTIL earnings came out and numbers were met...maybe the trend will coninue, I plan to buy back in the very low 4's....again. And their new pricing strategy appears to be paying dividends, OTOH, herein lies the problem as others should/will react...Canada companies are setting up shop in the US, Bellevue has one now. I anticipate procedures to expand even though margins decline, bottom line imporvements to continue.
And who benefits the most ss surgical procedures skyrocket?
...VISX...correct me if I'm wrong, they are paid a flat fee for each procedure and are immune from price cuts, although, not from competitors.
BEAM is giving a try, can't make the cross.
of the 14 companies I track, only two in the green yesterday...BOL and lase.
I've just about thrown in the towel...perhaps the clearest indication the eyes are about to see greater than 20/20 vision as this blurred sector is indeed ready to bounce...or not! |
