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Biotech / Medical : Boston Scientific (BSX) Any Comments???
BSX 75.41-17.7%Feb 4 3:59 PM EST
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To: Immi who wrote (497)9/25/1998 1:21:00 PM
From: Jacob Snyder  Read Replies (1) of 798
 
TA:

the 3-year chart shows a nice pattern of higher highs:

50 in early 96,
72 in early 97,
78 in mid 97,
81 recently.

There is also a 3-year-long pattern of strong support in low 40s, but no intermediate support. Once the stock peaks and starts down, there doesn't seem to be anything to stop it before it hits 42.

I bought last time the stock was in the low 40s, and don't quite have long-term cap gains yet. I guess I'll hang on for the roller-coaster ride, double up as we bottom, and sell when the stock hits 88 sometime in 1999.
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