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Why I Reduced Intuitive Surgical Position

|Includes: Intuitive Surgical, Inc. (ISRG)

I had a bright idea today. Intuitive Surgical (NASDAQ:ISRG) was going to report earnings tonight With the preannouncement, shares were already down and conventional wisdom would be that earnings might not be that bad as everybody thinks. I thought that actual earnings would be even worse. So I sold part of my position into a slight pop-up today.

I was right. Something is going wrong at the company. Now, it's not unusual for shares of this company to fluctuate wildly. And I made serious money on it already. I'm planning to do some extra research and decide "hold it or fold it".

Disclosure: I am long ISRG.

Additional disclosure: Positions can change any time.