Take Money Off The Table – ISRG

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Nov 04 2006
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I’ve decided to lock-in profit since my trade has made money for me today. Intuitive Surgical Inc. (ISRG) which gap-down against stocktube research reached lower than lowest of the day of gap-down on 31-Oct-2006 prompted me to take a bearish position by buying Nov 100 Put. The support is at $96, hence my closing position when it reached this level.

ISRG was being played by money maker when it gap-down while the after-closing price earlier indicate otherwise . Who says marker is efficient ?

I’m not taking a long-term position, hence the Nov Put. Another factor was the dow jones which displayed a down-trend slope. It seems very likely 12,000 mark will be over soon.

ISRG fundamental has not change since the earning (rating of 7 out of 10). I believe ISRG will recover to reflect it’s fair price. ISRG designs, manufactures and markets the da Vinci Surgical System. The Company’s products are designed to make a range of open surgical and minimally invasive surgery. The da Vinci Surgical System is designed to provide the surgeon the range of motion, fine tissue control and three-dimensional vision characteristic of open surgery while simultaneously allowing the surgeon to work through small ports. The Company’s principal products include the da Vinci Surgical System and a variety of multiple-use EndoWrist instruments and accessories. As of December 31, 2005, Intuitive Surgical had sold 401 da Vinci Surgical Systems. he da Vinci S Surgical System was introduced in January 2006.

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