On Monday's edition, Cramer named Google (GOOG) and Intuitive Surgical (ISRG) as his recovery plays. He says GOOG has scarcity value and thinks shares are cheap at $650. He believes ISRG is in the beginning stages of its growth and set a $358 tgt.
It has gone up 100 points in a straight line. Had it at $207 but let it go because I was to busy with Apple and RIM. Will hop on if it gets a pullback, which I doubt as Cramer pumps it up every night. I would love it at $300 but doubt it.
I am starting to re-examine this Company, reading more and more I am seeing the growth potential with the technology they have. I work in a medical related business and can see this company growing exponentially in the future.
I am starting a small long position here south of $330 with a medium to long term hold in mind (3-12 months).
I would love if it trades between $318 and $326 all week, forming a much solid base. I agree the run up was huge, but the shares outstanding are what made it go up so fast. I don't think too much of those shares are in weak hands, but more like investors. Remember the company has a monopoly on the sector, and patients are starting to demand that their surgeries are done with ISRG's system.
That is what makes this story so interesting, no competition, patient acceptance, competitive advantage between hospitals, etc. One of the best 08 stories IMO. You know how Wallstreet loves growth potential!