Originally Posted by Demian
Now you can take credit for the call of a pull back to this level. This is the pull back you were talking about.
SIRIUS XM SATELLITE RADIO FORUM
Now you can take credit for the call of a pull back to this level. This is the pull back you were talking about.
I was not happy when Demian predicted a decline in price a few days ago however he was dead on so congrats on your accuracy. Looking forward do you think this is a bottom being established?
when buyers outnumber sellers we will move up for real. Too many people looking for the exit at the moment
So Demian you sold at .30 and bought it all back at .2713? So you save yourself like 2000-5000 bucks? Not bad. I apologize if I ever questioned your selling too early...
Brandon,
Glad you made it back unscathed LOL...
Appreciate your comments after being in the teeth of the beast...and I think you know most of us have been ignoring the SP for some time in relation to the actual business operation...
But wouldn't the same "big" buyers from the other day's run up to .40+ be stupid NOT to add to their positions at these levels and run it up again?
Wait Brandon do you have "inside" information from your tour? you hint that you saw what you liked?
"Tayler posted an analyst upgrade in "News" on the front page of SiriusBuzz with short term .50 cent price target and long term $1.25."
My short term(1 year) is more like .86 long term I just dont know
I have 2 questions for anyone that knows.
1. What is the definition that is used by these analyts for short-term vs long-term?
if it fits mine then I am with relmor .. this is not a good report.
2. what do you think the current true support level is? I know it is sitting at .279 but I read the real support level at .22 weakly and .16 . maybe I am just reading the charts wrong.
I dont think it can really break down ... but can it?
Last edited by airman; 03-20-2009 at 12:02 PM.
Wow, I also bought more at $.2733 exactly.
Now it's just a matter of determining a valid entry point for my speculative holding in SIRI. Trying to determine if I should hold out for monday or reenter today.... plenty of time to think it out - I'm not seeing any indication we'll jump anytime soon....
It is definitely blatant - there are 3 Gigantic spikes downward in the charts - biggest being yesterday - indicating someone tripping the stops. So for each of the last 3 days - at some point - there was a massive sell tripping stops and driving us down.
It's enough to make you sick to the stomach....
Brandon - I am wishing I was up there with you - because IF you somehow got convinced there is nothing to worry about - I don't currently share the same sentiment.
feel free to pour in some more words of encouragement for the group - or is it all covert / hush info straight from SXM - ?
Being new to this, I still can't make heads or tails of the level II I'm looking at.
In the simplest terms possible......when I see a build up of 200 or 300 lots on the bid side (like just happened) and 20k & 30k lots on the ask side, what "should" this make the SP do? And visa versa?
I'm still trying to understand the concept of what actually makes the SP change up or down.
In my mind, if the SP is say at .30 and there's a large lot of 800k shares on the ask side at .32........wouldn't that bring the SP up b/c those 800k shares are going to sell at .32 ?
I'm sure that is completely wrong....just the way my brain is thinking right now until somebody explains how this works.
Sorry for the totally rookie question, but can anyone break that down?
Thanks guys
