Polaris

Hospitals' CapEx Cautions May Be Limiting Intuitive Surgical Growth, For Now

My point a figure chart -even including the fall on friday is still showing a price target of 537 and has a strongly bullish trend line on all time frames. I am using the charting programme supplied by Updata Technical Analysisa a highly regarded European company used widely in London.

The company beat analysts forecasts on all metrics by a wide margin. AND what is more, contrary to the misinformation that has been widely spread around about this company the company did in fact increase its guidance for the next quarter and the year as a whole and this was in line with the average forecast of the analysts.

There was one problem however. If you look at the spread of forecasts for the next quarter by the analysts most clustered as expected around the mean. Only one rogue analysts produced a forecast that was clearly overly optimistic. The company's guidance this did fall short of the ridiculously high estimate by the one oddball analyst. Can't blame ISRG for that. The analyst got it wrong.

More to the point - if you take out the rogue forecast then the company guidance going forward beat the average for the analysts.

With a growth stock like this what is important is the forward P/Eand not the trailing P/E as well you know - look at the forecast P/E around 40 - not bad for this stock

As to your comments on the covered calls . I have been using calls on this stock for over three years to gear up my equity holding and as I see it the only change over last year is the increase in volatility but that has become a feature of the market as a whole.

The Ichimouku Kinhou-hyou chart looks very positive on all time frames.

I accept that you have done your best to put a negative spin on the company but I feel that this is totally unjustified by the company's performance and by a the share price volaltility that is still within the
range we have experienced over the last twelve months - even including the nfall created by the bear raid that has been engineered over the last few days.