What do you guys think of this???
http://www.rapidtvnews.com/index.php...-globally.html
I would like to report that "jon pluc" was lurking again today but did not make a post!
I am waiting for him to fess-up on his $0.38, $0.39 and $0.41 retrace call and to pay me . . then john (who is second in line) . . . the dimes that we are now owed and accruing daily interest
we see you pluc . . we have people
Stock looks great at .66c...what? Think about that for a second...its terrible...66c represents a HUGE risk...3.9b in debt...lady and gentleman thats risky...don't get it twisted. SIRI gets no respect on WS or MS..the other day power lunch( which I must say is almost unlistenable) they call your beloved stock "XM sirius or sirius XM, I'm not even sure what is called"..laughing as he said it....I think to myself if it was not for XMsirius I would not be listening to your horrible show...dick.
I need to post last wks moves so I can earn my credibility back...LOL. Who in the hell would make up fictitious trades, we are adults here, are we not?
Early in the week I called the bottom of .57-.59 range which the stock moved right into that range in about 30 minutes from my post. I did not purchase any in that range for fear of a bigger dip. After reading all the attacks on my credibility I felt the need to defend my strategy, so I waited watched and put a limit order in for 10k at .5995...the stock hit .6 and I did not fill. I only did this to demonstrate the amount of free money this stock gives away on a regular basis. This stock is a traders dream. I would have sold all 10k today or on Friday...so in my book that goes down as a miss..plain and simple...nothing gained but nothing lost. 500$ in couple of days not too bad. Take out your road funds, some for the treasury, some for your Steeler tickets in Detroit, you still come out ahead..go figure! I might pick off 10k to start a core on the next pull back. Also today I added to my China short FXP..100 shares at 9.3 and 100 shares of FAZ at 24ish...these stocks are poised to move up on the pull back...FXP should run up to around 11 and it starts to hit the wall..I am looking to exit 1/3 of my position around 11. GLA, DYODD, and don't be afraid of the sell button...a crazy thing happens they actually give you cash when you hit it...I know...sounds crazy!
Big Ben
Last edited by Big Ben; 09-08-2009 at 05:19 PM.
Ben, the only problem with your philosophy is that you are losing money. I think most of us are in the market to make a profit. At 66 cents, we've made a nice profit. At 70 cents we'll make a nice profit. But, if we had sold everything and not gotten back in at 57 or 58 we would be losers. I've been following FAZ and it goes nowhere but down. I can't make a profit going in that direction. I hope you can! Good luck.