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Mako Surgical (MAKO +7%) moves higher today, breaking out of a range it's held for the past...

Mako Surgical (MAKO +7%) moves higher today, breaking out of a range it's held for the past couple of weeks. One possible reason for the move could be related to recent insider purchases by the company's chairman and a number of directors. The activity isn't really too surprising when you consider the stock has been decimated this year, losing over 60% of its value since early May after reporting weak sales.
Comments (3)
  • bbbb2
    , contributor
    Comments (3) | Send Message
     
    Hello, I am an EX-MAKO share holder who lost more money than I care to mention. Since the Great Motley "Fools" named it there 10 bagger and the next Intuitive Surgical Stock I bought some. But after two 40% drops I couldn't take anymore and after it continued to go down after that sales forecast speech I dumped it all. Then today it goes up 7% without any rhyme or reason. What the He** is going on? There pathetic sales record could not have made it go up! Can somebody send me a link showing there performance on how many units where sold since last poorly guided and downright miserable sales forecast for the remainder of 2012? It seems like the stock market has turned into Las Vegas.

     

    bbbb2
    7 Aug 2012, 06:57 PM Reply Like
  • rambojim
    , contributor
    Comment (1) | Send Message
     
    The stock dumped because robot sales were less than expected in the last quarter. MAKO still remains a buy in my opinion, even more so since the drop. The technology is unique and protected for a number of years. MAKO is just gaining momentum. Look for big things in the next 18 months as studies are published and sales grow.
    8 Aug 2012, 10:58 AM Reply Like
  • bbbb2
    , contributor
    Comments (3) | Send Message
     
    I think I said most of what you just said in my remark. But the stock price being gutted when things will be much better in about 18 months doesn't help the thousands who were in at over $40 a share. I think I will wait 18 months or so before I give them another dime. Who knows what will happen between that time. I can remember when just one article written by 1 person drove the stock down just on speculation. So I speculate many things will happen over the next 18 months. Rambo, I suggest that in today's world of investing 18 months is like 18 years. Time waits for no man. Let alone the world economy could make what we are discussing right now meaningless.
    9 Aug 2012, 11:07 AM Reply Like
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