Friday, October 17, 2008

READER'S REQUEST - Intuitive Surgical (ISRG)

Just like most of the market, ISRG is forming an ascending triangle, a bullish consolidation phase. There is significant resistance ahead, but I think ISRG like the rest of the market will consolidate in a neutral range. There are better high reward/low risk trades, but if you must, start out in small lots and scale in rather than dump all your money all at once.

Don't forget to try out the Free Trend Analysis. It's FREE, so give it a shot!


Anonymous said...

Thanks John! Can you also give me some input for POT. CITI come out today and give a STONG BUY with 240 target? This stock has many legs down already and now sitting at support at 67. It tested twice. Please can you look the chart and let me know this stock can go down any further. P/E is cheap 6x. Thanks


John C. Lee said...

of course it can go down further. POT is in the same bunch like everything else-it's consolidating. eventually, it'll hit 60, then 50..and on

p/e doesn't matter, ratings don't matter. none of that matters.

You can read my education post on analyst ratings toward the bottom left-side in the link library.