SIRI Daily Thread......... Thursday, May 9, 2013

No one's awake yet so I'll start the thread for today. I'll be back in a moment with a suggestion for a stock to watch, with what I feel will be an attractive entry point real soon.

EDIT. Okay here goes my stock pick.

I've been watching AMD lately as it seemingly has taken new life in the investment arena. What I see in the chart is a looming correction down to the 50% Fibonacci at $3.10 as it seems poised to bounce off of the upper trend line. RSI is extremely overbought at around 90, so I'm thinking a strong correction is in the making. Once that correction has happened, I see a very positive sign of a Golden Cross forming (50dma ascending the 200), which typically signals a strong upward surge. I personally will be ready to take advantage.

Morning SLY-

Thanks for starting the thread and the for the chart.

Congrats on the Heat victory....that was easy.

My Spurs are struggling. Hope they can find some answers for this young and very talented team.

seems like our siri run has fizzled. Thinking about dumping my overcore today and waiting on the sidelines with it. What's everyone else's thoughts on siri and it's current state?

Quote:

---

Originally Posted by I_know_nothing

seems like our siri run has fizzled. Thinking about dumping my overcore today and waiting on the sidelines with it. What's everyone else's thoughts on siri and it's current state?

---

Could go either way but may have one more push into the 3.45-3.50 area before a longer breather. Re captured the 5 sma.

They're not even letting Schnitzelman in the parking lot at ONVO!!

can someone explain to me in a simple sentence or two how RSI works? The way I understand it, the higher it is the more likely a sell off is and the lower the more likely a price jump. However, what else needs to be taken into consideration with that when trying to make a decision?

Good morning to you also, Denco. Sorry to see the Spurs take a dump last night. (Actually, I didn't see the end but I guess the writing was on the wall when I turned it off in the 2nd quarter.

On another front, recall that I have been touting Green Mountain Coffee Roasters (GMCR) as one of those stocks where AAPL money went (when Apple took a dive). Check out the headlines this morning on GMCR:

"Green Mountain Coffee Roasters Inc.
NASDAQ: GMCR - May 9 10:17am ET

71.17+11.69‎ (19.65%‎)"

Now that was one very fortuitous stock tip which I heeded a few weeks ago. They don't happen like that too often.

A Post for Midas, RAD, and anyone else who trades the "Mary Jane" equities...

National Public Radio/Public Radio International did a lengthy segment on legalizing MJ. The broadcaster (sounded like Warren Olney- recognized his voice cuz he used to do TV news in Los Angeles) interviewed Congressman Broomehauer (name sounds like a character from Hogan's Heroes).

Didn't get to hear the segment myself due to a cell phone call (was in my car). However, the segment did last 10-15 minutes. It may be worth trying to find this segment on the NPR/PRI website and ' take a listen.' It aired May 8 at Approx 1:30-1:50 PST.

Sly.... Thanks for your pick.

SIRI.....its come back and touch 3.26 at some point and that's where my buy is set.

Everything is so overbought a correction looms

Quote:

---

Originally Posted by I_know_nothing

can someone explain to me in a simple sentence or two how RSI works? The way I understand it, the higher it is the more likely a sell off is and the lower the more likely a price jump. However, what else needs to be taken into consideration with that when trying to make a decision?

---

IKN, I've not seen a single stock oscillator or such tool which can adequately be explained in a sentence or two. I find as an excellent reference the ChartSchool section of Stockcharts.com where you can read the following on all they have to say about RSI:

http://stockcharts.com/school/doku.p...ve_strength_in

Man have I been loving this GA sun shine:sunny:
Siris' running around like a Big dogggg taking a whiz and a dump all up in the upper $3.30's, marking it's territory!!!

Redcloud rule of investing #431: Never recommend a stock to anyone, unless it's Siri!!! It's a sure bet if there was one. EG: DirectTV/Dish, Iphone/Droid, Satrad is here to stay!!!

With that being said, I've got one I've been eyeballing, I think RAD noted the stock, GNIN.
Everything I'm seeing looks like a buy, can't trade afterhours, keeps saying rejected, that sucks. Just bounced off the lower BB, RSI and SLO-STO are near oversold, and MACD is converging upward across the threshold into the positive. I knew those .50's were a steal the other day. Anybody ever played it, or have any thought's?

Attachment 965

Hope everyone has a great Friday and Mothers' Day Weekend!!!

http://www.youtube.com/watch?v=vLBKOcUbHR0

Reminds me of the good ole days back in NC, we was as far back in the country as you could get. Times have changed.

http://www.youtube.com/watch?v=MWzeInQaUk4