SIRI Intraday Updates for the Week of 3/16/09

[JohnnyIrishXM]

I am thinking of sell 1/2 (20,000 shares) today at 42ish if we get there. Only problem is Ill have to wait for the 3 day settle before I can buy back. Im under the 90 restriction which sucks because it ties my hands a little.

You think this would be a mistake? Im just getting itchy to take a little profit. Im thinking Damien is right to talk about a pullback. It has to go red at somepoint, doesnt it? lol.

If you are day trading it depends on your cost avg,but if long invester,I wouldn't.remember there are TAX implications to factor in,short term (less than year)is 15%to 36% ordinary income,but long term is (over a year)10%-15%
Dividend rate...You might not get back in at lower price..this stock is going to at least $1 this year.IMHO
Do whats right for you!!!

[imromo24]

what a surprise, a flat straight line at .40, the way its toying with that i wouldn't sell, but im no professional....seems to me like a wild horse (blue dog nipping at its ass) on a race track and .40 is the gate...

[Beach Gambler]

Lith, I did the SAME EXACT thing on Monday and sold at 24.63 and had a ninety day restrict with etrade for a quick in and out sale causing me not to be able to buy back into siri, it cost me over 10 k in position. I just bought back in this morning at .365 and am licking my wounds. I would hold on but hey do the opposite of me and you will make it big.

[john]

I am thinking of sell 1/2 (20,000 shares) today at 42ish if we get there. Only problem is Ill have to wait for the 3 day settle before I can buy back. Im under the 90 restriction which sucks because it ties my hands a little.

You think this would be a mistake? Im just getting itchy to take a little profit. Im thinking Damien is right to talk about a pullback. It has to go red at somepoint, doesnt it? lol.

Yea it does, then again it might not be a big slide to where Damien thinks it will go. Lets face it, first of all this stock was unfairly hammered to this level. So at the very least you could say is it at fair value yet. I dont think so, so why should it not go higher. Will there be some kind of pull back maybe but it will be the same as when it was on its way down we saw it go up not by much and not for to long.

[JohnnyIrishXM]

Lithium:It all depends on how much Money you can invest in SiriusXM,if you are at your limit hold it long,but if you need to get some back,make your decision?
Long term trader here and i buy on pull backs with new money only,if i choose.Same as When it was going down i put new money in to avg down my cost...I'm comfortable at 400K shares at .26 avg..first trade was last august
30k at $1.44....

[JohnnyIrishXM]

we are off and running,.40 buy at 340k,look out...

[JohnnyIrishXM]

A pull back here,profits being taken and buys getting in cheap,a shake out which is good......end of predictions for today

[mz19]

Blue Horseshoe loves the .50s...

sl62,

Love the Wall Street reference.

-mz

[mogami]

I need to leave ING sharebuilder if for no other reason then their site always goes down at the absolute worse possible times.

[dmo2424]

Um profit taking? Or coordinated huge manipulation sell off? I'm staying put of course but that was shocking to see .38 to .27 in a blink