2008Feb29

I purchased some STP for the longterm IRA account.

I know solars has been looking pretty bad, but I am hoping it is near bottom now.

STP has been trading in the range of 35-40. I did not buy at 40, but waited for the pullback. 38 seems to be a good price entry.

China does worry me a little; therefore, this is not a huge position. I am not solars crazy and not in love with solars.

Check the comment section for the chart.

Updated:



Have I talked about over-trading or trading because you are addicted to trading?

Sometimes you need to wait and let the trade develop.

I have purchased identical stocks in my IRA and regular account. Being penny wise and pound foolsih, I took profit in my regular account while letting it ride in my IRA.