Thursday the cork was popped......Friday they let it breathe....Monday it will be time to drink.
It's party time for TheDog.....GLTA
Thursday the cork was popped......Friday they let it breathe....Monday it will be time to drink.
It's party time for TheDog.....GLTA
Check out that Pre-market :D
woke up, had a cup of coffee and a pop-tart, sold 20k shares @ 3.87?!?! :xmaspresent:
Barrons? Couldn't be.
what was in Barron's?
Quote:
Sirius XM could rise 50%, Barron's says
http://www.theflyonthewall.com/perma...RI?symbol=SIRI
I sold a few too at 3.85
LONGDUCKDONG
That is a nice surprise to start the new week on. Thanks Denco and Wolf, for pointing out the Barron's headline. It appears one must have a subscription to see the Barron's article. Is that true?
I had to unload some shares this morning looking at this big of a gap. Hopefully we'll make a few bucks today flipping shares.
Here's a snippit from a quick search on SIRI news, quoted at 8:11 this morning:
Sirius XM Holdings Inc. (NASDAQ: SIRI) is trading higher after Barron’s opined that shares could rise 50% or so to $5.50 or $6.00. The publication cited Rainier Investment Management, but also cited ISI Group showing declining content costs per subscriber and a $4.40 price target from the firm. Shares are indicated up 5% at $3.83 against a 52-week range of $2.67 to $4.18.
Read more: Top Analyst Upgrades and Downgrades: Alcoa, Caterpillar, Sirius, Time Warner Cable and More - Alcoa, Inc. (NYSE:AA) - 24/7 Wall St. http://247wallst.com/investing/2013/...#ixzz2lfOzK3RC
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Not a ton of volume with this pop...and those gaps always fill don't they?!
SI, Barron's let's you through their paywall once if you're referred directly from Google. Google "Sirius XM's Sweet Sound of Success" and click on the first link. If it doesn't let you through on the first try, use your browser's InPrivate Browsing or Icognito mode to hide your cookies and it will let you through. I use this trick all the time.
Sold pre @ 3.87
Saw the pre low of 3.77 so I took that as a signal and just bought back at 3.78...... risky in the short term with .10 left to fill the gap but .09 cheaper is never a bad thing.
Still expecting some bigger news to come out.
I believe we should be sitting comfortably at 3.95.
edit: ......... oops. we'll get it back
Why are the .05-.10 gaps still worth playing? It's less than 3% with the stock price this high? In the past I've understood the 10 cent gaps being great triggers for selling and waiting for a pull back but at those times the stock was a lot less and this the gap represented a much bigger % (which is what matters in this game). Just seems like the margin for playing .10 gaps now don't produce the reward they once did. I don't do it so I'm curious, this is all just my opinions through observations of being around the forums for 4+ years. At what point does the risk of a reduced position from selling the gap outweigh the benefit of being fairly certain it will fill? Hope that makes sense haha.
wow.... golf clap for anyone who held out for the entire gap to fill.
switch, sun? did you get it?
edit: Thats it. I'm all in. See you guys at 3.95
Yea, my limit order filled at 3.73. Always nice to make a few G's before I head into the office. Justification for a few extra Black Friday upgrades. Normally I would ride it all the way within a penny of full fill, but I figured 3.73 would be safe since I would be away from my desk when it would likely "fill".
IKN, free money is free money. When you're flipping volume on an easy trade like this, it's well worth it. If you're doing 200 shares it's a waste of time. If you're doing 20k shares, then it's well worth it for a few minutes of my time.
No trades today for me but man is this action obvious. All this volume, they're buying but I'm already all in
The lurker to poster ratio at siriusbuzz is always entertaining. Thats all. Carry on.