Power outage and McDonalds, Goldmans Sachs, First Solar

Late last night the power cord of my laptop went out...and felt totally hopeless as my battery died out.  The timing couldn't be worse with the Badgers playing there home opener tonight (and since I don't waste money on cable, I was going to watch on ESPN3).  Also with our team traveling to our first meet tomorrow, and the labor day weekend, it was a bad time to have to wait for something to get shipped (because I refuse to pay $80 for a adapter that you can buy shipped for $10 online).  That may seem cheap when you think about throwing thousands of dollars around for stock trades, but you don't become wealthy wasting your money on stupid crap!

Getting back up to speed on McDonalds, that has nicely moved up to touch all time highs over the past week, I'm looking at my enter strategy.  The stock is holding that 90 area trying to figure out where to go.  I think if it breaks below 89.50, it could chop around and move down at least to the 87-88 range before making another attempt.  If it can clear the 91.5-92, I think the move towards 100 will be on.  So, if it clears 91.5, I'll look to start a position for my long term holdings, maybe a 1/3 or 1/2 of the position that I want then if it goes up another buck or two I'll add the rest.  If it drops under 89, I'll wait a bit longer to see if it will drop to 85-86 area and enter with a 1/2 position or so.

On the other note....FSL and IMAX continue to piss me off, and I'm close to closing out IMAX.  OPEN is still doing beautifully down to 57.80 and within range of it's 52-week low of 53.44.  I think we're going to get there, and that's when the real magic will happen.  

Looking ahead to tomorrow.  As Goldman Sachs seems to be pissing everyone off lately and no longer are the money making gold standard of Wall Street, they also cut it's non-farm payroll expectations for tomorrow in half...so that can't help the bull case.

One last stock to throw out before I get back into things.  Watch FSLR.  It fell below 100 yesterday and is down a few more percent today.  If it can't hold up today or tomorrow and stay above 97, this thing has a drop to 90-91 written all over it.