Wednesday, April 12, 2006

As Always, EVENT RISK, Killeth or Bringeth Life


Baush & Lomb, traded over 14million shrs on the news of infected fungal eye growths after a pocket of consumers used the RENU MoistureLoc brand of saline solution. After gapping down 22% in one day.

Long term technicals were showing a downtrend and an impending breakout... the great thing about this, is that stalwart, disciplined short sellers of BOL must've woken up to a pleasant surprise. The technicals didn't need to build the structural momentum usually needed for a dump like this, and for that matter, it's usually much more gradual. But sure, dropping this bomb definitely fast forwarded about 6 months the end result. Thinking about buying in?

1 Comments:

At 2:36 PM, Blogger douchenation said...

Yeah, I got the text message you sent me earlier in the week this morning. One of my Chuck Norris facts is doing pretty well.

 

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