Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (30092)	2/17/2008 3:49:36 PM
From: Debt Free	Read Replies (1) \| Respond to of 78666

Spekulatius I don't think that I ever said that BSX was cheap (it may well be). What I said is that they have been acting much better lately, compared to itself as well as the market in general. One thing that I look for is whether the stock is under accumulation (remembering that this can be classic ECON 101 in regards to supply and demand) and I think that it is. Besides the improvements in OBV, I think that the accumulation index from Investors Daily ranks it as a "B" (that was a couple of weeks ago). I also like the fact that the stock reacted favorably to the recent earnings announcement which included raising EPS guidance. I also think that some of the technical indicators are looking promising (higher highs, higher lows, 50 avg flat and ready to start moving upwards). We currently own a fair amount with at an average price of approx 12.50 and I intend to buy more once it gets above $13 (Dec and early Feb highs). Hope this helps