Obviously with FLIR making its 3rd appearance as one of my longs I must like the stock very much. The fact I did a Seeking Alpha and iStockAnalyst column on the piece is another clear indication that I like this stock a lot. However, no matter how much I like a company or the stock, I will not hang around in a stock that is going through a rough patch. My job is to make money all the time. Not just part of the time. I am wise and experienced enough to know when I should be fully invested and when I shouldnt be. Right now, this is not the market to be fully invested. In a proper market environment, stocks will move higher across the board with the leaders clearly sticking out with their beautiful green BOP filled charts with huge volume moving higher left and right. Not too many look like this right now but a few do like FLIR and while those exist I will take them in this choppy market as the odds still favor the chances of these working out. However, this is my third purchase of this stock so I will not be getting carried away.
adding to existing Featured long position: FLIR
FLIR is putting in a very bullish intraday reversal and bouncing off support near the 50 DMA as it nears a breakout to a new 52-week high, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
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