On December 30th of last year, I did a bearish post (of course) about Intuitive Surgical (ISRG). I didn’t exactly nail the top to the day, but it wasn’t bad, considering what has happened since then. The tinted area marks where I did the post.
OK, Tim, I see the tint, but what’s with the red arrow? What does that represent? Oh, thanks for asking. That represents the day I dumped my puts for a loss. Pretty much to the millisecond the worst possible time to give up on the trade. They’re up 86% since then. Because, keep in mind, I am magnificent chartist – – but a lousy, lousy trader. I think ISRG has just started its descent.