Most likely they are refering to traders. Old school technical traders focus on reading charts only and not in fundamentals or the economy; however, these days most traders glance at economic news...
SIRIUS XM SATELLITE RADIO FORUM
Type: Posts; User: Siriusowner
Most likely they are refering to traders. Old school technical traders focus on reading charts only and not in fundamentals or the economy; however, these days most traders glance at economic news...
You can read all of the above here:
http://files.shareholder.com/downloads/SIRI/456595612x0x248473/1cbfe785-3fc1-4fb2-99ab-fce6db522897/Sirus%20Q3%20Release.pdf
SIRIUS XM’s pro forma net loss was ($217.0) million, or ($0.09) per share, for the third
quarter of 2008, compared to a pro forma net loss of ($265.5 million), or ($0.18) per
share, in the third...
Well, 0.09 loss...
We must wait and see the results. The volume was light because usually day/swing traders do not trade on earnings announcements... :cool:
Sirius has been trading on a down trend on average volume (high and low), what does that tell you ?
The whole market has been trading like that. This is why everyone is lost... we are in...
To follow up on this, volume shows how strong the price moves are but it does not move the price by itself.
This is why in the news they say: "shares of XYZ company moved up on heavy volume",...