Tuesday, April 10, 2007

Doodads, Writing Contest, and increase FLIR stop

While sectors such as biotech (DNDN) and solar (FSLR, ASYS) are on everyone's daytrade lists, I've unfortunately been spending most of this week with doodads. Now the Kiyosaki bashers are usually right in exclaiming, "what the hell are you doing using one of his words?" But think about this statement before you throw a chair at the monitor: do NOT waste your time on others who wouldn't do the same for you. I won't bore everyone with the details; but in short, I'm bringing a 1/4 sheet chocolate cake from one of the best bakeries in the county to a potluck at work. When others say, "it's doesn't have to be perfect", it's a good bet you wouldn't want to go out of your way for certain people. But paraphrasing the words of Albus Dumbledore, "There comes a time when we must choose between doing what is easy, and what is right."

ING Direct is hosting a writing contest open to the public. Over at http://adventuresinsaving.com/home.html, they're depositing three $1,000 prizes into new Orange Savings Accounts for stories on financial literacy. Beware the deadline is June 30, 2007.

For traders asking, yes I still have a half position (150 shares) of FLIR, and yes raise your stop to 36.02 which is about seventeen cents below last Thursday's low. If you are stopped out, you should have at worst, a pretax gain of $.62/share on the remaining half position.

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