ISRG held their regularly scheduled earnings call tonight and the news continued to be bad. Revenue guidance was cut from flat to 7% for FY ’13, which is well below historical growth rate. The stock is going to need … Continued
Note the two Treasury ETF charts above. We bought both for a sh0rt-term trade today as both the IEF and the TLT are scraping their 200-week moving averages. We bought more IEF than TLT in the event we are wrong. … Continued
To continue the thought from our blog update this weekend, there was much hue and cry about technology and large-cap growth volatility in the late 1990’s, but every stock and sector can be volatile, depending on the circumstances. US … Continued
A quick thanks to CNBC-Asia, Elly Whitaker, and Joanne Wong, for the interview on CNBC-Asia Monday night. We talked Alcoa (AA) earnings and SP 500 expected earnings for Q2 ’13. Hopefully the CNBC anchors, Oriel Morrison and Adam Bakhtiar found the … Continued
In the “it is better to be born lucky than smart” category, we sold all of our Intuitive Surgical (ISRG), with the last position being purged from client accounts, at $510 per share, about 60 days ago. The double-top in … Continued