Reminds me of ISRG when they first started. Everyone laughed at Robotic Surgery and now it is almost a norm. Razor and Blade business plan works. Buy this stock and forget about it.
It's going to go much higher that $20 next year. Let's get this secondary overhang out of the way first and then cut some Fat!!! Excuse the pun Wave........
And it will make a similar move when they digest those gains. Its coming so don't stay short for too long you never know when it will hit.
Almost 2 years ago they became a public company but weren't ready. I predict once the secondary overhang becomes absorbed by institutional shareholders this is a $30 stock in 2014. They now have a very good sales force in place and the product is getting very good reviews from its peers. Shorts don't like it but they didn't like ISRG either when they first become public. You have to have the skeptics to keep you honest and I welcome them.
why do you daytrade this stock? If I were a daytrader I would be all over, YELP, LNKD, AAPL, AMZN, even FB. But daytrading this thing is just stupid.
Looks like the secondary is offering a little overhang. I know they all sign where the new buyers can't sell for 70 days but I am sure that some are shorting as a hedge on a few of there shares. I think it pullsback a little more before it makes another good move up.
I would not step in here. The secondary has put a top on this for a while. Not until those shares are absorbed will this turn back up. However, if you are short all you have to look forward is a point or two down as the $13 secondary price is probably a pretty good floor.
They keep beating it back. Probably shorts who got the Secondary. Tomorrow they present at the Canaccord Genuity Medical Technology and Diagnostics Forum. Not sure this will do it but you never know. They could announce something special. Big Fat guys who run hedgefunds are gonna love this stock knowing they can still eat donuts and lose that gut.
What's wrong with guy? He says buy a stock and they all go south. He has done that to a lot of companies.