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One of my top holdings, Intuitive Surgical Inc (NASDAQ: ISRG) and favorite stocks is taking a beating this morning and has been along with almost everything else. One of our readers who has been following this story line sent me an email asking what my current thoughts on the subject are. Andrew:
"I'm just curious if you hung on to your ISRG or if you bailed on it... I've been following it since this article, and man, its really heading down to the boiler room... Doctors seeem to be making cuts all over the place, and it looks like ISRG is being taken for a ride... I'm looking at getting in, but maybe if it hits 112 to even as low as sub 100... But I'm curious how you've taken to it?"
As the old saying goes in regards to the stock market, beware trying to catch a falling knife. Regardless, I have been a buyer of late. But first questions first. We did sell 20% of our position for a large gain just under $200 per share, having originally bought in at $7.70. We did not bail out but we did take our original money off the table, and then some.

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Chasing Value: ISRG is falling and I'm buying originally appeared on BloggingStocks on Mon, 17 Nov 2008 16:00:00 EST. Please see our terms for use of feeds.

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