Sales are not justify the $300+ stock price. P/E is so high. Growth story has limitation. I've seen the similar stock move in POT when it was $300+, I like the comparison of other results like AMZN, NetFlix.
If stock can't move in 200 plus points after earning then it's telling us that it's dead stock, no one has interest on it. Is it worth holding $300+ stock! , No dividend! , Broken technical ( lower lows )!, even market has up trend stock has pressure!
"correct me if I'm wrong" - You're wrong starting with your first sentence.
Did you really say that if a stock couldn't move 200 points after earnings, that it's dead money?
The PE is 1x projected 2010 growth, which is way better than it's peers, as I have demonstrated in an earlier post.
Only a child would focus on the $300 price. It's like a child trading a nickel for a dime because it's bigger. What matters is not the absolute price but the value. It sounds like if they did a 6 for 1 split and it was a $50 stock you'd be satisfied even though nothing had changed. Is it worth holding a $300 stock? What has that got to do with anything unless you have the mind of a child or think the other readers here do.
I said that DowJones was 200 point plus and after even earnings , ISRG was not moved at all, that was not good sign. Yes, ISRG's stock price more than $300 is not realistic based on it's P/E and revenue growth.