I Left 12% on the Table with First Solar (FSLR)

In this pullback, I was looking at trying to talk myself into buying First Solar (FSLR) as it pulled back to support of the 20 day moving average of $144. I sat with my finger on that buy button - then kept looking at the $1.42 of earnings for 2008, and kept thinking "100 forward PE ratio", "100 forward PE ratio"

So I backed away....
of course the stock is up 11% today. Once again showing "thinking" is not rewarded in this market. Considering I thought this stock to be expensive about 60 points lower; I continue to be befuddled by this sector and the chase of stock at any valuation.

(On a totally unrelated note, due to technical issues at Marketocracy.com my attempted buy of iShares Australia (EWA) did not execute, so in fact I do not hold that ETF that I tried to buy yesterday)

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