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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.48+1.4%Nov 14 4:00 PM EST

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To: Jibacoa who wrote (1566)2/12/2008 1:38:23 PM
From: Jibacoa  Read Replies (1) of 3722
 
BSX Is up 1.77% in spite of the verdict against it in the patent infringement suit regarding its Taxus drug-eluting stent products in which the jury awarded damages of $431M.

Volume remains relatively moderate at 3,838,790 which is < half its ADV & the stock is trying to get above the $13 level.
bigcharts.marketwatch.com

BSX believes the jury verdict is unsupported by the evidence & the law, & will try to overturn the verdict, it believes that it will prevail on appeal.

The stock is trading around 1.2xBV with + CF; the insiders hold > 10% & institutions around 30%; the short ratio is up about 5% & around 4x its ADV

The "analysts" have a target of $14.80 but it seems that with some good news it could easily get to the $16 level

bigcharts.marketwatch.com

Bernard
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