Tripping,
I'm not Darth Vader - come on now! I'm bullish on SIRI long term and I'm happy for all of you that have rode this recent spike the whole way up. Congrats! How much credibility would I have if I just said the stock was going to go up everyday? It depends on what your time horizon is also. I have yet to see a stock chart that goes straight up with no red candlesticks in it. There will be some profit taking on some of these huge recent gains at some point. If I have to buy higher....so be it. As a trader I don't see the risk/reward in my favor chasing it up right here after the recent huge gains.....
I will wait for a good entry point and I don't see it up here after these recent huge gains. It's just a little too much too fast for me to feel comfortable buying back in up here....
I'm not bashing SIRI and I sure as hell ain't shorting it......
I still think SIRI goes over a dollar this year, but not overnight.....
5 day s & p chart shows a bullish crossover in MA's. SHould finish near right at open, or even for today. Resume uptrend tomorrow. Typical MM's. They dont want the retailers to realize the huge news today. INFLATION IS BACK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
See how evil the media is. They tried to play it as bad news.
Last edited by relmor2003; 03-18-2009 at 12:02 PM.
The option action on Calls for Jan. 2010 at $2.50 and $5.00 is picking up big time...
777 is a critical s&p resistance. Then is 800.
MACD has a bullish crossover now as well. Sto. pettering out. There is an upside to the gains today. Should be fun.
DOW 7400 is huge. Break on that and we go to next resistance level. Which is around 7700.
Everyday I wake up, my etrade net value is about $1,000 more because Sirius keeps going up. This RULES!!!!!