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Biotech / Medical : Boston Scientific (BSX) Any Comments??? -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (479)9/16/1998 4:41:00 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 798
 
Hi T, A price of $57 would trigger a buy of just 100 shares (the order is already placed on a "good until cancelled" basis). Then if the price continues to decline, I'll buy additional shares. Small drop, small buys; Big drop, Big buys! AIM's a proportional control algorithm. The price would have to fall into the $30s to exhaust the total cash reserve, I believe, but I'd own about twice as many shares as I do now. Nothing like being 100% invested near the market lows!

I keep track of the company's fundamentals as best as anyone can and don't worry about quarterly reports. If the company seems to be on track for my long term goals (a double in sales and book value in the next 3-5 years) then I just follow the program. If the long term potential seems to have faded, then I'd sell out and go find some happier place to invest. At this time I see no reason to look for another home for my investment.

I've not placed the order to sell 100 shares at $90+ since the current price is so far away from that mark. If we're lucky enough to see BSX rise into the $80s, I'll then place the order on a "gtc" basis. It is amazing how much more free time I have now compared to when I was short term trading. No more panic attacks when I'm not near a Ticker!!!

Hope this helps,
Tom