Intuitive Surgical Update (ISRG)

Intuitive Surgical (ISRG) penetrated the previous 52-week price floor in today’s bloodbath along with the rest of the market. While still bullish on the company over the long run (even more reasonable valuation now, P/E 17), the previously suggested limit order should have limited losses to those who took heed. A true value investor would be bottoms up focused and ignore overall market behavior however the markets are trading to the technicals and hard to avoid.

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