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Monday, October 08, 2007

Garden Variety Profit-Taking

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It's sort of a strange day so far. Garden variety profit-taking and repositioning is putting a little pressure on the market, but sellers don't look very motivated. In fact, I wouldn't be surprised if we see some strength this afternoon. There's just not a lot of news to trade from and it seems like people still "want in" more than they want out of this tape.

I took my profits in Intuitive Surgical (ISRG) this morning after the stock moved well above my initial sell target. It is still a good stock, but since I wouldn't buy it up here, it is time to ring the cash register and move on.....[READ]

Posted by Kirk at 1:01 PM in Members Only | Bookmark | Feeds | Link |


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