ISRG plunged into the bell because of this headline:
Intuitive Surgical: Shares drop 40 points as headlines that co’s robots being probed for safety by U.S. regulators cross wires
I’ve always said robot arms performing surgery is a horrific idea. I wouldn’t want some cow-grabber in Mumbai performing open heart surgery on me through some stupid arm robot and internet connection. I’m not sure how the stupid thing works– but I don’t care. I’d punch any doctor in the face for asking me to have that done to me.
I’ve seen terminator. No thanks pal.
Secondly, DECK’s numbers beat estimates, further solidifying Sam Poser, from Stern Agee, as a legendary market timer for the name. He was bullish at the bottom, bearish as hell at the top, then switched to bullish again. He’s the only one you should pay attention to with DECK.
Lastly, let’s talk about the giant elephant in the room. Carl Icahn is pressing needles into the skull of Bill Ackman. This happens all the time in the hedge fund world, but never this public. Going after someone’s short position is standard procedure, when it comes to ‘revenge trading.’ In this case, Carl is just an aggressor, multi-billionaire, who wants to teach Ackman a lesson. It never made any sense for Bill to disclose the size of his position.
Icahn is so boss– it’s not a contest. By timing the HLF board news, with comments from the CEO saying he’d go private, on the same day that one of Bill’s largest position– JCP– cratered, it speaks to masterful class embodied by the old war horse– and violence– that nerds like Ackman can only dream of pulling off.
Old school Icahn is going to teach him a lesson and I am going along for the ride in his T-model Ford, top hat and cane (I will beat Bill with my cane) to match.
For the day, I was +0.5%–with terrific gains out of PAMT.