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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (14776)10/27/2008 4:55:56 PM
From: Smiling Bob  Respond to of 19256
 
It's tough when everybody's getting these in their daily email
At least in 2000, it was mostly contained to tech stocks
Now it's anything with a bid

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DJ Boston Sci Chmn Reports Involuntary Sale of More Shares

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DOW JONES NEWSWIRES


Margin calls forced Boston Scientific Corp. (BSX) co-founder and chairman Peter M. Nicholas to sell about 1 million more shares of the company's stock, according to a regulatory filing Monday.

Nicholas on Thursday sold the shares for an average price of $8.24 per share, for a total sale of $8.49 million, according to a filing with the Securities and Exchange Commission.

Since Oct. 8, and not including this sale, Nicholas has sold 21.2 million company shares, according to The Washington Service. Company shares touched an eight-year low of $6.34 on Oct. 10.

In another disclosure on Monday, Director Ray J. Groves reported that he purchased 10,000 company shares on Friday for an average price of $8.20 a share, or a total price of $82,040.

Shares of the Natick, Mass.-based company closed Monday at $7.11, down 10.34%.

-Brian Kalish; Dow Jones Newswires; 202-862-1350; brian.kalish@dowjones.com


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day.



(END) Dow Jones Newswires

October 27, 2008 16:50 ET (20:50 GMT)

Copyright (c) 2008 Dow Jones & Company, Inc.- - 04 50 PM EDT 10-27-08