And the stops strike again … cutting Intuitive Surgical position

By Travis Johnson, Stock Gumshoe, November 21, 2008

With the market continuing to plunge, I stopped out of half of my position in Intuitive Surgical. Yes, that’s right, the same ISRG that I bought just a few days ago. I continue to hold on to half of the position, and I’m comfortable holding this much at the moment — I believe Intuitive Surgical should have strong performance for the next few years even if the economy is weak, though if we’re really going into a depression then there will be precious little that works.

I remain tempted by a number of companies that are solid and low-debt, and in many cases that pay growing dividends. I temper my optimistic outlook by being a bit more cautious with stop losses these days, for at least half of most positions that I put on, and I continue to hold my short S&P 500 ETF as a partial hedge. Crazy days, indeed, but I keep looking forward to that light at the end of the tunnel … and listening to make sure that’s not a whistle in the distance.

Personal Capital is an advertiser with Stock Gumshoe, but Travis also uses it every day for his personal accounts and finds it invaluable. Here's what he said: "They offer a great (and genuinely FREE) 'second opinion' for your financial plan, but what I love most is their automated financial dashboard -- it will look at all your assets and debts, tally up your asset allocation, project where you'll be at retirement, and suggest ways to manage risk or improve returns. It's free, I think their free tools are great, and I think it's worth checking out -- you can do so here.
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