Jim Cramer on Boston Scientific: “I Think You Gotta Hold It”

Boston Scientific Corporation (NYSE:BSX) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. During the lightning round, a caller asked if they should sell or buy more BSX shares. Cramer replied:

I hate to sell these. I don’t mean to sound wishy-washy, but I think you gotta hold it. I don’t understand how this thing could have fallen so fast. I know there’s a lot of competition. I don’t want to dump it here, but I can’t, I can’t countenance buying more, I’m sorry.

Photo by AlphaTradeZone

Boston Scientific Corporation (NYSE:BSX) manufactures medical devices for different fields, including cardiology, neurology, and urology. Some of the company’s products include heart-monitoring implants, spinal cord stimulators, and diagnostic tools for gastrointestinal conditions and cancer treatment. A caller asked about the stock during the April 27 episode, and Cramer responded:

Well, the competition just got too strong for Boston Scientific. They’re always one step out of the posse, and they’ve just been caught. I think they can come back. I just want to see the stock bottom before I say okay, I think it’s okay.

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