SIRI 1/4/2013 - Another Day, Another Dollar

Well, for any that missed yesterday's post, I'm thinking $3.35 could be in the cards near-term. I used a Fib retracement and estimated where I think the run will end. I started by anchoring the Fib retracement at the bottom and then proceeded to raise it up until the 50% Fib retracement line was in between the 2 gap-ups SIRI has had the last couple weeks. Most gap-ups (and gap-downs) fall within the 50% area of a Fib retracement. Based on this theory, $3.35 is my personal short-term target. :pimp:

Attachment 700

Good Morning Bass!!!

Thanks for your charts, you have to be a millionaire 10 times over with charting skills like yours!!!:D Things are going to get pretty exciting.

I've been in/out since 8 cents a share.
:confused: :confused:
So we pop at the opening today -
Sell at $3.24 and wait for a fall back?
:eek: :eek: OR DID EVERYTHING CHANGE SINCE LM IS TAKING OVER? DO THE TECHNICALS/CHARTS EVEN APPLY NOW?

This is my problem too...toss out my charts or what!? 3.22 premarket sure ain't on my chart for "trading"

Edit: so bass thanks for yours. Fibs are the last charts I don't understand.

Quote:

---

Originally Posted by imromo24

This is my problem too...toss out my charts or what!? 3.22 premarket sure ain't on my chart for "trading"

Edit: so bass thanks for yours. Fibs are the last charts I don't understand.

---

IM....so we need to know your secret for yesterday. When you watch the waves at the beach the price goes up and when you watch your phone the price goes down????:D If so i need you to look at your phone for a few minutes then watch the waves all day long.

A watched pot never boils right! I'll be flying today so you're welcome! :)

Does anyone believe that "sell on the news" will apply here? Maybe up in PM but diving when market opens. And has the CC date been announced yet?

Quote:

---

Originally Posted by Limit5Bass

Well, for any that missed yesterday's post, I'm thinking $3.35 could be in the cards near-term. I used a Fib retracement and estimated where I think the run will end. I started by anchoring the Fib retracement at the bottom and then proceeded to raise it up until the 50% Fib retracement line was in between the 2 gap-ups SIRI has had the last couple weeks. Most gap-ups (and gap-downs) fall within the 50% area of a Fib retracement. Based on this theory, $3.35 is my personal short-term target. :pimp:

Attachment 700

---

I like that theory BassMan...awesome analysis!!......you are the PimpMan:smilewinkgrin:

If we hit your target shorterm I may just need to donate a few HOs to your stable of BEOCHES:tysign:

Quote:

---

Originally Posted by imromo24

A watched pot never boils right! I'll be flying today so you're welcome! :)

---

I think we have found our lucky leprechaun!!!:thumbup: Have a safe flight!!

Oh my gosh. I just remembered this is on my chart. The cup and handle breakout could have a 29 cent (2.68 to 2.97 cup)

So stupid for not keeping my own posts in mind. So about 3.27 should be the top. Watch for volume under 60mil there.