FLIR ==> The Falmouth Road Race Winner

[spikefader]

Gee, what's that pattern?

[jiesen]

we're ripping now!

yep, FLIR has joined ARLP and CMN in the +10-12% club. now we have a real horserace going for the next $$MM winner!

looks like FLIR has the best momentum going for it though...

[billyjoe]

And the IBD boys are cussing themselves as Mr. Market is on the verge of making more history ha ha!

billyjoe

[spikefader]

Target.............

[mrmarket]

FLIR missed earnings numbers...woooooo!

could be bad news, combined with troop withdrawal from Iraq (which is good news, in my opinion).

Looks like I have to wait another quarter to see which way this one will fall.

[spikefader]

Channel long as I type.........no intraday pattern yet.

[B.J]

Spike, from what I gather in your chart, if 24 doesn't hold, then 21 is the next viable entry?

[spikefader]

Spike, from what I gather in your chart, if 24 doesn't hold, then 21 is the next viable entry?

Yes and no. It's hard to say with definity. Right now there is no expansion on that smaller channel. So while there isn't it's a very valid place to start 'looking' for an intraday pattern to take a long (or add if you're already long). See, this is why I love patterns....they give me a specific reason to enter, rather than just picking the 24.00 number as you did. It may fall to (picking a number out of sky; 23.65) then give the pattern, you know? As of this moment, the channel long on the weekly, and a very good likelihood that an inverted 5th intraday wave has completed, that opens the door for a fall in price to the low of day for a double bottom entry, where great support could come in. I say could. It might not. But the place to turn around in front of the herding elephants, as it were, is the low of day. Then if it breaks, that's when you get out and look for another pattern, or you can hold with the view that the next down is going to be the head of an inverted SHS, then when it's in you set your hard stop to under that. It's all about r/r in the end. How much you want to risk on a trade, and what your margin for pain is. I love tight perfect entries, and don't mind taking a tiny loss. Others like to give more wiggle room and risk more.

[mrmarket]

I love stock buybacks

Looks like the boys feel good about their future.


================================================== ======
FLIR to repurchase up to 3 million shares
Thu Apr 14, 2005 04:04 PM ET
LOS ANGELES, April 14 (Reuters) - FLIR Systems Inc. (FLIR.O: Quote, Profile, Research) on Thursday said its board of directors approved the repurchase of 3 million shares of the company's common stock and up to $100 million in outstanding convertible notes.
FLIR said it had 70 million shares of common stock and $210 million in convertible notes outstanding as of March 31.

[New-born baby]

[QUOTE=mrmarket]I love stock buybacks.[quote]


================================================== ======
Dividends are much better.

[jiesen]

well, you don't get taxed on a stock buyback. also, dividends can increase when stock is bought back, since there are fewer shares to pay.

I think dividend increases are better than dividends, how about you?

[spikefader]

Well I hope they wait until the 5th wave completion down, and until this big ugly bear flag does its dirty deed down to perhaps 20.00. The expanding daily channel long last week is a worry, but not as much as the very bearish channel from the top break down. It has a bearish bias for now, so warning to longs.

There is nice volume by price support down at $16.00 - that's where one should lay in ambush.

[mrmarket]

Whoooooooooooooooooo!

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Press Release Source: FLIR Systems, Inc.


FLIR Systems Awarded Contract for Canadian Maritime Helicopter Project
Tuesday June 14, 7:30 am ET


PORTLAND, OR--(MARKET WIRE)--Jun 14, 2005 -- FLIR Systems, Inc. (NasdaqNM:FLIR - News) announced today that it has received a competitively awarded subcontract from General Dynamics Canada of Ottawa, Ontario, for delivery of the latest generation Star SAFIRE® airborne multi-sensor imaging systems with multi-year in-service support. The systems will be used for the Canadian Department of National Defence Maritime Helicopter Project. The total subcontract value, including potential option awards, is in excess of $20 million (USD). Deliveries will commence within nine months of contract award and continue until 2009.
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General Dynamics Canada has the responsibility, as Integrated Mission Equipment Manager, to integrate the multi-sensor systems into Sikorsky H-92 helicopters (designated as the CH-148 Cyclone by the Canadian Defence Forces). The systems will support maritime missions that include surface and subsurface surveillance, personnel recovery (search and rescue), and drug interdiction. The systems selected offer forward growth capabilities; a variety of other payloads can be easily installed as the diversity of missions expands for the H-92 platform.

"We are pleased to be selected by General Dynamics Canada for one of the largest and most prestigious projects being developed for the Canadian DND," said Earl R. Lewis, President and CEO of FLIR Systems. "The selection of our industry leading Star SAFIRE® multi-sensor airborne system is further confirmation of FLIR's ability to provide rugged, upgradeable, next-generation airborne imaging systems that are supported worldwide."

[df21084]

FLIR raises 2005 earnings guidance

Beats by $0.04. Stock is up 11% in early morning trading. Go FLIR!!!

[jiesen]

Beats by $0.04. Stock is up 11% in early morning trading. Go FLIR!!!

and it's up by 20% now. just another buck or so and we can put this one in the bag, too!

go FLIR!!