Warren Buffett likes Dairy Queen…and First Solar (FSLR) (January 03, 2013)

by DAN FSLR 
I’m Dan Fitzpatrick at StockMarketMentor.com on January 3rd. By the way, before I get started, a week from Saturday I’m teaching “High Octane Options,” which is an online streaming video, live with my mug, three camera operation, and I want you there. If you’re getting this email then you’re going get information on it. I want you there, it’s going to be a really awesome course, I’ve been working my “asterisk” off on it, listen closely to what I said, no offense please, anyway, I want you there. Okay, you didn’t tune in here to hear about that. But darn it! You need to be there; it’s going to be fun. First Solar ( $FSLR First Solar, Inc ), apparently, Warren, tax me more, Buffett is kind of bullish on this company now. It would’ve been nice if we’d known about it back here at $14.00, but what the heck, he’s not an analyst, he’s just an awesome super investor. So what are we going to do? Are we going to follow on Warren’s coattails? Yes and no. What I mean by that is, the stock is overextended, look how high it is above the 50-day moving average. Last time, you know, it got even higher right here, but then what happened? The stock came down to earth. Now you might say, “Oh! But that wasn’t Warren Buffett generated.” Okay, fine, “Dairy Queen boy” definitely has an impact on stock, but you know what has a greater impact on stock? Just buying and selling aggressiveness; so we’ve got a high volume day, no question about it, we could get an even higher volume day tomorrow, we could get a rally even higher but my bet is, by the end of next week you’re going to have been able to purchase this stock back here a little bit. What I like to do is just extend the chart, look at the price cycle, and then wait and stalk the stock and what I mean by that is s-t-a-l-k. I like to be the lion, lazing around in the shade, waiting for the gazelle with the limp to wander by, then I go out and get it. So here, I think this thing is, you know, very strong, but it’s extended, okay? If you’re long I would suggest keeping a tight stop. Now if you’ve got a longer term timeframe don’t do anything, just sit back, smell the roses, and be happy. But if you’re looking for an entry be prepared to wait for a week, maybe even two, I promise you the stocks going to come down and that’s when you can buy it here. Okay, that’s it for this video; the next one will be out over the weekend, most likely Sunday frankly, not Saturday. I want you to watch for that; members get over to the Strategy Session, I got stuff for you.

Free Chart