Now that all of TransEnterix's eggs are in the ALF-X basket, I personally have a hard time believing that this company has a realistic chance of success. While this is a fascinating story to watch unfold, until we see the company make meaningful financial progress, I think that skepticism from potential investors is warranted. For that reason, I continue to believe that investing in Intuitive Surgical is the far smarter way to play the robotic surgery trend.
You know I get that. However management has to show me something before I move again. If I lose .25 or .50 cents on the bottom I'll pick it up on the high side. No more buying for me at these levels. MAKO and ISRG both taught me valuable lessons. It took MAKO years to get approved and then years again to gain traction, TRXC will be really stagnant and down for a while. 6 months to a year maybe. I'll look at it now and then. Buying at these levels or any level until management proves something to me is probably not going to happen.