Here we go again. Boston Scientific (BSX) was co-founded by John E. Abele and Peter M. Nicholas in 1979.

One of the younger Nicholas boys happens to be a Director with the company, and he purchased 10,000 shares a few days ago at $22.17. I have been watching the Nicholas clan for quite some time, and they are rarely wrong in regards to the timing of their purchases.

As you are probably aware, BSX has merged with Guidant, and Abbott Labs (ABT) helped fund the purchase. In addition, ABT is buying more than $1 billion in BSX stock.

Its time to lock and load.