Originally Posted by
candleman
Hi Selena,
I think we've found our trading range in SIRI for awhile. There is a ton of money to be made on this badboy, but, you've got to trade it to profit right now.
I hold a large core position that has done pretty darn well this year. But, I also trade 10,000 shares at a time and that's where the pocket change can be made right now.
Each time that we hit the 1.05 mark, I say sell. If you wait for a week or two, chances are that you can get back in at 95 cents or so. These are just rough numbers, but you should be able to get the point.
If you're long, just hold on and don't pay attention to the daily price. I feel that we'll see 1.30 later this year and that should make any long happy. But, in the meantime, there is some money to be made trading back and forth until we get there.
Good luck to you and welcome aboard!
Chuck