Thursday, December 9, 2010

Adding to Intuitive Surgical Position

I pulled the trigger today. Added to my Intuitive Surgical (ISRG) position.
Stock was going down lately. When I sold part of my position last year at $308, my target price for buying back was at $260, near today's price. I have a feeling that it's near bottom. Fundamentals are great, with future P/E at 25 and PEG at 1.15.
Of course, I can always be wrong. If stock is going down more, I am a buyer.

Full disclosure: at the time of publication author had a long position in ISRG. Positions can change any time.

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