Good morning...
Charles, will you make this sticky?
SIRI gaped up in the pre-market and hit .53 near the open....trading around .50 now. I was tempted to sell into this spike, but I think this might be the real thing.....or another head fake?
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Good morning...
Charles, will you make this sticky?
SIRI gaped up in the pre-market and hit .53 near the open....trading around .50 now. I was tempted to sell into this spike, but I think this might be the real thing.....or another head fake?
I knew there was going to be some selling on that spike. The chartists will want this mornings gap to fill. From a daily candlestick point of view it has now filled as it dipped under .48. From the hard core gap fill group point of view, it would have to retrace to .43. It doesn't "have" to do anything, but it has been too tempting for traders not to sell these spikes. Sometimes things keep working until they don't work anymore. I am in the camp that thinks the market has bottomed, but I thought that a few days ago too.......so don't listen to me, please. I wish I wouldn't have listened to myself and rode this dog down, but I do think it will rebound - way, way oversold. I bought more at .38 on friday...
Siri now trading at .50.....looking good - back in an uptrend towards .53. If it can bust through .53 with some volume, it will be off to the races......I think?
I'm expecting a large drop at some point in the coming days or weeks. I would like if it did not, but I have a feeling it may. In any case, If the drop comes, I will average down and I expect to buy about 10 000 shares at $.25. If the drop doesn't come, then I won't average down at all.
That's just my two cents.
Green! i like green! Guess I can hold onto my money today, was planning on getting more under .40 but Im happy with positive movement.
sure gets confusing though, really wanna get more, which is the same position several here have been in
1. see positive movement, get scared of missing pop and buy, then it goes down lower with no money to buy. :D
Imromo,
It's almost too risky to try and trade SIRI down here, as you could miss a huge gap up by trying to sell a spike and get back in. Those huge morning gap ups might be another story, but you have to be quick and nimble...
Mario,
I think that dip down to .36 was it.......don't think it's going to .25....more likely going to over $1.00. Way, way oversold here....
I don't try to trade Sirius. I try to get as much as I can. I was hoping it would test lower levels so I could purchase more on the cheap. I mean after all, it was the high equity prices that screwed me, not the low ones. Think about it.
So any good theories out there about merging the channels, as posted on orbitcast? Wouldn't that be awesome if Sirius XM Radio managed to fit ALL channels on each system. I don't see why they would even need an inter operable radio at this point! XM, on the other hand, needs to release an Al La Carte radio, I'm not aware that they have one at this point.
I'm sure there will also be huge programming cost savings in merging channels, and it will likely provide more resources to make the existing channels even better.
:thumbup:
WRSP is now up 28% today, trading in tandem with SIRI - both at .50...
The price swings in WRSP have been crazy - what a roller coaster ride! WRSP ramped up to over 2.50 just a few days ago and hit like .32 yesterday...
WRSP also has a much lower share float that SIRI does, but I would love to see a spike up like that in SIRI with some debt financing news...
WRSP is way, way too speculative and risky for me.......you think SIRI is speculative?
This flatlining at .50 is getting old. Stability is nice, but not after it already fell out of bed - it needs to wake up and go out for a run. All it's NDAQ friends are - with the index up over 100 points now...
Only 20 mill shares traded so far - where is the volume?
i think this little run is just that...a "little run".
we have all seen this before, and you know whats coming.
there are two things upcoming that im sure will drive this stock down probably to ~.30, because when this stock gets hit with any kind of bad news it tanks hard...hell ive seen the damn thing tank on good news.
1. the delisting warning, just the warning which means nothing will of course negatively effect this stock as does every other piece of news it seems.
2. the 3Q earnings call which we all know is gonna be poor, will of course drive the price lower still.
but after those two things, im planning on jumping in again. lost about 10k in this ship already, but i really believe in the product and think the merged channels and "best of" will help generate revenue.
not sure when the delisting warning will come...last day at a $1 was 9-19 so 30 trading days later is...10/31 a friday. anyone know when the 3Q earnings come in?
thejared,
There may be a couple problems with your theory......
What if SIRI trades over $1.00 before any delisting notice happens? What if the NDAQ extends it's delisting policies (as has been reported) and no delisting warning comes? What if the Q3 #'s are better than expected and the merger synergies are ahead of schedule? What if the debt financing crosses the wires and the stock ramps before Q3 or any delisting notice? What if everything that possibly could go wrong and more is already priced in? These are questions that must be asked at this level....
Thinking that SIRI will go lower than over 90% off of it's 52 week high seems a little wacky IMHO....I'm surprised it ever got this low!
Demian, honestly, how long have you been following Sirius? I'm starting to wonder... Sirius is obviously not a company to be traded at these levels... IMHO. If you looking for a little pop to get out, you must not understand this industry and the opportunities available. In fact, I think that many people here do not understand the potential.
The current focus of Sirius is on Audio Entertainment. And Mel has focussed on providing content, despite the technological platform and how technologies with change and converge over time.
But as I understand the business and competencies, Sirius is a high-tech company with a "Radio Station". I'm not expecting the company to telegraph its punches. But I believe it has a lot of people fooled right now. And I am referring to a very specific opportunity, unique to Sirius, but highly valued by one distinct industry. So, is SIRI a "speculation" stock. I'd have to resoundingly say "YES". It is very speculative and very misunderstood. This is of course, IMHO, and I'm not recommending any course of action in terms of anyone's personal finance. Just academic inquiry.
Who here thinks Sirius is a "Radio" company, solely? What other opportunities do the rest of you think Sirius may have down the road that may vastly effect its bottom line in a very material way?
I have followed SIRI and XMSR for several years now. I owned SIRI at $4 and change, but sold it when it broke $4.
I have waited for about 3 years to get back in again. I traded it for awhile when it was bouncing around between the $1.30 - $1.40 level. I bought more at .38 on friday and am now averaged in at about just over a dollar.....
I wish I would have followed my stop losses, but I never dreamed it would get this cheap...ouch!
SIRI will rebound off of these absurd levels.....
The bastards are at it again......trying to wack SIRI down again along with the whole market....trading around .48 now.
Can SIRI ever hold onto it's gains without needing to retrace?
Thats the CRAZY thing about being this low. People SELL at 10 cent pops! So it makes it THAT much harder to climb out of this hole.
It's going to take some monster news to get above $1 again. But as soon as we do, I doubt we go back below a buck.
Mel is speaking at TWO upcoming conferences this month. Orbitcast is saying this is a positive sign in that Mel usually does this on the verge of announcing BIG news.
<ahem!> I'd LOVE for that to be true. But if Sirius has made me anything(cause it CERTAINLY hasn't made me money yet!)...it's CYNICAL.
I'm an optimist by nature, but when it comes to Sirius, I QUESTION EVERYTHING.
I am going to let the shares I have ride....but If I can come up with some more cash, I MAY use that to trade Sirius with at these levels. If it takes off, GREAT I've got more shares. If not I doubt it will drop too much lower. <Gulp!>
Why cant SIRI get over .50?
Those bastards are at it again......someone just tried to knock it down to .47 after it breached .50......crawling back up now.
.50 again! Please break .50..........please! Pretty please!!!!!!!
Ok, SIRI closed at .51, but I am disappointed as WRSP broke out and closed way up while SIRI couldn't even close at the high of the day. SIRI should of been much higher with the markets up so much.....it's high beta, right? Anyway, SIRI doesn't always trade with the market. Hope it continues it's uptrend. I think it bottomed out. I bought more at .38 on friday....
from what i remember reading regarding the new delisting rules, they are still going to have the delist warning after 30 days... but they would extend the amount of time the warned company has to climb above the $1 mark.
the Q3 numbers can be great like Q2 was but what happened that day? an expected loss of .06
this stock will hit the .30's before it sniffs the .90's...nothing short of a buyout offer will push this stock over a buck for the rest of this year.
Are you short SIRI at this level? You don't think that debt financing will cause a massive short squeeze? I think that the stock has bottomed and the 30's are history...