Now that we’ve adjusted to the 200-point drop that hit Tuesday, and even had a chance to celebrate Mad Money’s second anniversary yesterday, we can return to our brand-new series on non-pharma medical stocks. Today’s pick? Volcano Corp.
First, some ground rules: Volcano’s a small stock, so use limit orders. And definitely don’t buy it afterhours – wait until next week!
Remember that right now everything medical is good. You don’t stop getting medical treatment because of a bad PPI number, especially the kind of treatment Volcano’s involved with. It makes IVUS (intravascular ultrasound) catheters, a technology that allows doctors to take better pictures of the insides of arteries.