Are we going to 10 cents???

The stock had seemed to flat-line around the 14 to 15 mark and spike a few cents today. What is your opinion? Do you think we are still headed for .10 or should we expect to go up from here???

Thanks from a very newbie trader!

Black friday # will come out about 1000 friday.. sales are going to suck market will rollover and sirius xm will retest that 14-13 level.. at this point it doesnt matter:eek: we are a year away from anything..

Thanks Apex,

I am just looking for a good time to buy in again. I am a gambler at heart "however I rarely go to the casino" and have some money to waste. I like the risk and the possible reward!

Long Sirius ~~:thumbup:

Do yourself a favor Hopeful. Buy some early and set a low buy (.10) just in case it heads lower. I think some of the weak spending over the past few months will disappear for Christmas spending. People save up for Christmas and wait for deals. I have been hearing about malls already packed. People will be out en-masse early on Friday due to low-priced sales. The real indicator is after Monday. Like I said, I expect strong consumer demand on Black Friday and Cyber Monday. Somewhat tempered (small spending decrease) up until Christmas.

Today was the early start to our Santa Rally.

Thanks for the reply jmm232,

I am a little new to this. What do you mean by "Buy some early and set a low buy (.10) just in case it heads lower."

Also, your saying we are going to rally up until christmas and then drop back to the 13 - 14 range and even lower?

Thanks again jmm232 and apex!!!

~~~~:D

Sorry Hopeful. I should have been clearer. If you aren't sure about the current price and if it is going to go lower, split your purchase up into 2 or more buys. I do not know the size of the chunk you are looking to purchase. You could split your $$$ in half. Buy 1/2 early on Friday. Set another buy order for a lower price, .10 thru .15 (wherever you think it could go to). If the stock does head lower, you end up wih a lower average. If you are not worried about a entry price range of a penny or two, pick your spot and buy in.

Good luck.