Got questions? I'll do my best to get you the answer...
http://stockcharts.com/def/servlet/S...!!2!20]&pref=G
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Got questions? I'll do my best to get you the answer...
http://stockcharts.com/def/servlet/S...!!2!20]&pref=G
Does the chart only deal with closing prices, or the daily highs/lows?
I have seen those charts before, but never really knew how to read them.
Daily Highs/LowsQuote:
Does the chart only deal with closing prices, or the daily highs/lows?
I believe the system was developed by Charles Dow and Ed Jones (yes...Dow-Jones) I haven't read the book in a decade, so I'm a little rusty on the history.
It doesn't really track prices though..it tracks supply and demand.
Can someone comment on the new Goldman Sachs purchase of 814,465 shares which brings their total to 4,220,646 shares? What kind of scam are they trying to pull? Their analysts call a 1.00 price target and than they add more shares. WTF.. Cramers's comments today to hold off on buying SIRI also fall along the same modus operandi and it's clear they want to hold the price down while they accumulate.
8……………………………….……..1.65…( 8= August, 2008)
O…………………………….…….…..1.60
O…………………………….….……..1.55
O…X…………………………….….…1.50
O…X…O…X………X…………….…1.45 This is a double top at 1.45, indicating resistance to 1.50
O…X…O…X…O….X…O………….1.40
O…X…O…X…O….X…O………….1.35
O……..O………O……...9………….1.26
………………………….….O..……….1.25 <-Sell Signal
..........................O..........1.20 <-Stop point recommendation
..........................O..........1.15
..........................O..........1.10
..........................O..........1.05
..........................O..........1.00
..........................O............95
..........................O............90
..........................O............85
..........................O............80
..........................O............75
..........................O............70
For the record, I'm back in at 1.00. 25% more shares...
Brandon,
My first post here. I purchased SIRI today at .9685 and so in your opinion what do you see to be the short term outlook within the next week or two? Do you think it might rebound back up to the 1.30's like it has been for the past several weeks?
I'm totally new to trading and today was my very first purchase so I'm hoping for a move up tomorrow.
You read the charts correctly, you sold right, and I think you bought back in right as well.
One thing I noticed though is that no matter what anyone does or says right now, the boards and the press are spinning things to focus on the negative. Your sale was mentioned on the Yahoo boards as an indication that even the biggest supporters have capitulated at this point.
Because of your involvement in SiriusBuzz, you were used by the shorts just as much as Mel's statements were. I'm not faulting you but just realize all of us longs, including you, Tyler, myself, and even Mel are in the same boat. The shorts have the bullhorn until some results show up or the financing hurdle is cleared. They will take anything they can and spin it to their favor. It's no different than the spin the politicians are putting on everything the other side says or does right now. The loudest voice wins.
When you said on the radio broadcast you'd placed your order to trigger below 1.25, someone could assume that some of your listeners did the same. If someone was actively looking for stock, and they were listening to the show, you told them where to find it.
I do appreciate all of your efforts on this site. If the stock was up, I think you'd be getting a lot more people volunteering to send you a little something to support the site. Hopefully that day will come soon!
Smallcap.
I would not trade Sirius. Siri is something you can buy now, stick it a drawer and forget about it. It's going to take time now.
Boing! Bottom hit? .88 closing after .69 midday?
Good observation. We won't know of a reversal until tomorrow. By rule you can only go 1 direction per day, and a new low was hit today. If it closes at .85 or better tomorrow, we can assume a reversal (as long as .65 is not hit intraday). The long straight line is called a pole. A low pole reversal is usually a very good trading opportunity. a 3 point reversal is a buy signal.
Even if the long term downtrend continues, it could go as high as 1.35.
8……………………………….……..1.65…( 8= August, 2008)
O…………………………….…….…..1.60
O…………………………….….……..1.55
O…X…………………………….….…1.50
O…X…O…X………X…………….…1.45 This is a double top at 1.45, indicating resistance to 1.50
O…X…O…X…O….X…O………….1.40
O…X…O…X…O….X…O………….1.35
O……..O………O……...9………….1.26
………………………….….O..……….1.25 <-Sell Signal
..........................O..........1.20 <-Stop point recommendation
..........................O..........1.15
..........................O..........1.10
..........................O..........1.05
..........................O..........1.00
..........................O............95
..........................O............90
..........................O............88
..........................O............80
..........................O............75
..........................O............70 Low of Day
Wednesday .77, .94 (not that I need to tell ya that, just a reminder since were seeing some action)
Thanks.
REVERSAL CONFIRMED!
8……………………………….…..…..1.65…( 8= August, 2008)
O…………………………….…….…...1.60
O…………………………….….……...1.55
O…X…………………………….…..…1.50
O…X…O…X………X………….….…1.45 This is a double top at 1.45, indicating resistance to 1.50
O…X…O…X…O….X…O…….…….1.40
O…X…O…X…O….X…O….……….1.35
O……..O………O……...9…….…….1.26
………………………….….O..….…….1.25
..........................O...........1.20
..........................O...........1.15
..........................O...........1.10
..........................O....X.....1.05
..........................O....X.....1.00
..........................O....X........95
..........................O....X........90
..........................O....X........85 <---Buy Signal!
..........................O....X........80
..........................O....X........75
..........................O..............70
8……………………………….…..…...............1.65…( 8= August, 2008)
O……………………………..............…….…...1.60
O…………………………….…..............……...1.55
O…X…………………………….…...............…1.50
O…X…O…X………X………….…..............…1.45
O…X…O…X…O….X…O…….…............….1.40
O…X…O…X…O….X…O….……….............1.35
O……..O………O……...9…….............…….1.30
………………………….….O..….…............….1.25
..........................O....................... 1.20
..........................O....................... 1.15
..........................O....................... 1.10
..........................O....X.................1 .05
..........................O....X....O...........1.00
..........................O....X....O..............95
..........................O....X....O..............89
..........................O....X....O...............85
..........................O....X....O...............76
..........................O....X.................. ..75
..........................O....................... ...70
This has to be the slowest transition of products and marketing by a merger yet ! My nephew works at best buy and he says about 60% of sat. radio customers didn't know Sirius and Xm have merged ! 60 % ! ( but that's in a week spand, not like these things are flying off the shelf ) With the economy the way it is , new customers need to see it now for the holidays. They need time to ponder, save, and see if they can afford it. Word of mouth is the best for any business ! :annoyed: Get your new product out early, new logo , :annoyed: get Sirius and XM at every football stadium , baseball playoff games , college football , and tailgate your new product ! Dang it:annoyed: That's it i had enough , i'm gonna call the BBB !:annoyed:
I agree!!
I went on a road trip with some friends and took my husband's Sirius with me and put it in their car, so we can listen to good music, now they are hooked, love it and they are getting one!!
My other girlfriend knows I own shares from the company and how good the music channels are, she just bought one for her husband on their aniversary, as a shareholder, I am doing what I can, if we can all bring one more person in, maybe it will make a difference, eh?;)
Marcela
8……………………………….…..…...............1.65…( 8= August, 2008)
O……………………………..............…….…...1.60
O…………………………….…..............……...1.55
O…X…………………………….…...............…1.50
O…X…O…X………X………….…..............…1.45
O…X…O…X…O….X…O…….…............….1.40
O…X…O…X…O….X…O….……….............1.35
O……..O………O……...9…….............…….1.30
………………………….….O..….…............….1.25
..........................O....................... 1.20
..........................O....................... 1.15
..........................O....................... 1.10
..........................O....X.................1 .05
..........................O....X....O...........1. 00
..........................O....X....O............. .95
..........................O....X....O............. .90
..........................O....X....O............. .85
..........................O....X....O............. .80
..........................O....X....O............. .75
..........................O..........O............ ..70
......................................O........... ....65 <----yes, this is another bad sign.
......................................A........... ....60
......................................O....X.........55
......................................O....X.........50
......................................O....X.........45
......................................O........... ....40