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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: t_w_b who wrote (3331)	7/4/2001 9:01:44 PM
From: Michail Shadkin	Respond to of 6873

TWB - Re: ISRG I dont feel this is an obvious short at all. Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The Company's da Vinci System consists of a surgeon's console, a patient-side cart, a high performance vision system and its proprietary instruments. Intuitive's da Vinci Surgical System is a commercially available technology that can provide the surgeon with the intuitive control, range of motion, fine tissue manipulation capability and 3-D visualization characteristic of open surgery, while simultaneously allowing the surgeon to work through the small ports of minimally invasive surgery. Latest earnings report on Apr 24 biz.yahoo.com The report reads very well and shows steady improvement. Intuitive Surgical Receives FDA Clearance of the da Vinci Surgical System for Radical Prostatectomy on June 4 biz.yahoo.com Seems to me there is some nice momentum building in this stock. Cap is 493 million Cash is 2.15/share with no debt Estimate for 2001 is -.40 Estimate for 2002 is -.01 Burn rate is very small for the cash that they have. Revenues last 5 quarters: 12,079,000 10,706,000 7,859,000 5,127,000 2,933,000 nice steady growth EARNINGS PER SHARE Quarters 1999 2000 2001 MAR -1.270 -0.900 -0.100 JUN -0.700 -0.230 SEP -0.870 -0.120 DEC -0.980 -0.140 Totals -3.820 -1.390 -0.100 Nice steady improvement here (there was a charge of 3 cents in Dec Q of 2000 Also, they beat estimates nicely last 4 quarters 7,4,1 and 2 cents for the latest quarter Chart looks like a nice step latter (which I always hate shorting) Short term probably extended, but not unreasonable. giant support at 8.50 and minor at 10.50 I am not touching this stock, but if forced to take a position - I would choose the long side. traderpulse.com Michail