Look companies every day get sued. The case against ISRG is not that important, nor an impact in their business. They have more than enough resources to deal with it. Yet the stock prices is falling.Trust me there is something wrong with the stock. My suggestion is to par down your longs add some downside protection..........
Oh really...so that's your suggestion.Well, what are you going to do with YOUR stock, then?
Looking at the ISRG chart, we can conclude that it is in a trading range. However, it is not moving up. It seems to linger at this value with a downside potential. This could be the downside break from the sideway range. Again to be safe close some long positions and bring on board some downside protection.
This stock always trades like this. The weak get impatient and sell and then it takes off. Look at how it's traded just this year alone.