<<I hope I can resist the urge to trade.>>
Couldn't resist. Time will tell if it was the right or wrong thing to do. Feels OK for now.
ISRG is #3 on the most $$ up today in the NAZ right now using 74.38 as the [delayed] price.
I think one of my favorite books on investing/trading is, "How I Made 2,000,000 in the Stock Market," by Nicholas Darvas.
You pretty much nailed his technique with that post.
It is a fun read too, some of the books I have read are downright painful.
Yes, invest in monopolies that cause paradigm shifts, like early msft, csco or intel. Aapl more recently with its ipod.
The great stocks are usually change agents.
There are things to trade and things not to trade.
Swiss chemical industry in the fifties and sixties made you rich by just sitting on the shares.
Dental and osseous implants made you rich in the nineties if you just sat on the shares.
Same will happen with ISRG in the next ten years. We just had a small beginning now. The growth estimates of the professional analysts are probably way too prudent. They do not understand that this is a paradigm shift in surgery. But the general public understands and just wants this technique now. The medical industry has to follow and we will see significant year by year growth in every quarter.
Happy non trading (in this case)
I do ok trading, it's a living that allows me to be home with my children and not work. It actually is the perfect profession for someone like me.
I take it seriously, and study hard. It is just what I do.
I got in this at 62 and out at 77 on the rsi negative divergence. I am in since 71 admittedly early but I plan to stick around. You guys will be saying please trade and go away after awhile. LOL
I did hold aapl for over 1 year so I am able to invest. I will trade other things and hang on to this.
I started with ISRG at 16. Unfortunately sold half of my shares at 32 to "diversify". Will never make this mistake again, although ISRG now take 27,5 percent of all my assets. Takes just a little patience and nerves to let them going up
Well, since we've almost traded half our normal daily volume in the first 45 minutes, my guess is one or more funds are jumping in at quarter's end to look good on their quarterly reports. Just my WAG.
Regardless of reason, I ain't complaining! <g>