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Thread: Are we going to 10 cents???

  1. #1
    Hopeful is offline
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    Joined: Nov 2008 Location: Vancouver Island Canada Posts: 583

    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!

  2. #2
    APEXSPORTS is offline
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    Joined: Oct 2008 Location: cambridge,ohio Posts: 214
    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 we are a year away from anything..

  3. #3
    Hopeful is offline
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    Joined: Nov 2008 Location: Vancouver Island Canada Posts: 583
    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 ~~

  4. #4
    jmm232 is offline
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    Joined: Apr 2008 Posts: 206
    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.

  5. #5
    Hopeful is offline
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    Joined: Nov 2008 Location: Vancouver Island Canada Posts: 583
    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!!!

    ~~~~

  6. #6
    jmm232 is offline
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    Joined: Apr 2008 Posts: 206
    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.

  7. Ad Fairy Senior Member

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