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Thread: Market Watch for week of 11/02 - 11/08 2009

  1. #11
    just sirius is online now
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    Bill/ATM

    I agree that the iphone app is not a game changer...neither is the skydock...However, these new items will help to increase the mass appeal of SXM. All of the analysts call SXM a 1 trick pony due to being so heavily tied into the OEM auto market. The iphone app and skydock will help broaden the appeal of the retail market...where SXM has been lacking as of late! Also, the iphone app helps to reduce the SAC costs due to no payment for a chipset! The skydock has a chipset so therefore...hurts SAC costs some!

    Where the iphone app comes into play is internationally...Looks like UK will be adding millions of iphones in the near future...if SXM/Liberty(worldspace purchase) can tap into those phones...possibility is endless!

    Also, do not forget...the skydock also works with ipod touch 2nd/3rd generation! Potential for significant increase in subs over next several years!
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

  2. #12
    Dr. Dave is offline
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    See SIRI's finish today... yet again on the line. More days on the line, the less I likey.
    Positions: Change so often, it's no longer useful to update this...

  3. #13
    bassmaster is offline
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    you talking about the double support/resistance line?

    Q1 CC in may - rally started 2 days prior to CC. so we'll see tomorrow.

  4. #14
    S50Fan is offline
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    What's weird is this. This stock is moving, it just isn't moving up. lol Almost every single day the past week or so, this thing has moved in about a 3 cent range each day.

    I mean, say it starts at .60, it will top out there and then slowly move down about .03 to .57 before it tries to finish up about another penny or so off the low. So ya, it does that a few times at various prices and it's moved about .15 cents the past week, just not up! There's your .15 CC run up right there lol.

  5. #15
    Dr. Dave is offline
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    Yeah,

    I had to zoom out a little and look under overlapping lines to make sure they were drawn ok.

    Open and close are covered by the upper light blue channel line, low right on the double support and resistance line.

    Lol, I take the lines way too serious, haha.

    Interesting to see where it goes.

    Positions: Change so often, it's no longer useful to update this...

  6. #16
    Dr. Dave is offline
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    Yeah,

    I had to zoom out a little and look under overlapping lines to make sure they were drawn ok.

    Open and close are covered by the upper light blue channel line, low right on the double support and resistance line (which is actually a triple, as that channel fib also matches... just not on this chart).

    Lol, I take the lines way too serious, haha.

    Interesting to see where it goes.

    Positions: Change so often, it's no longer useful to update this...

  7. #17
    bassmaster is offline
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    well it has to do something tomorrow, and the day after will confirm i assume.
    it's getting choked by the top of the channel and the double support/resistance line. volume is really anemic (price is holding well tho) , maybe itll pick up tomorrow as well?
    Last edited by bassmaster; 11-02-2009 at 10:21 PM.

  8. #18
    dread is offline
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    Hope all had a great Halloween!!

    OK I got whacked on MESA for 300 bucks, that sucked. Its to dangerous for me now so I won't touch it anymore.

    I am just going to start accumulating positions in N/G and oil companies. Shopping around right now and plan on going long.

    Here is a cool chart on the dollar and what is backing it,
    http://www.ritholtz.com/blog/wp-cont...ents-chart.gif

    Via Minyanville, we get this good version of Jesse Livermore’s trading rules, considered to be one of the best traders of all time:

    Lesson Number One: Cut your losses quickly.

    As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. If a trader doesn’t know his exit before he takes the entry, he might as well go to the racetrack or casino where at least the odds can be quantified.

    Lesson Number Two: Confirm your judgment before going all in.

    Livermore was famous for throwing out a small position and waiting for his thesis to be confirmed. Once the stock was traveling in the direction he desired, Livermore would pile on rapidly to maximize the returns.

    There are several ways to buy more in a winning position — pyramiding up, buying in thirds at predetermined prices, being 100% in no more than 5% above the initial entry — but the take home is to buy in the direction of your winning trade – never when it goes against you.

    Lesson Number Three: Watch leading stocks for the best action.

    Livermore knew that trending issues were where the big money would be made, and to fight this reality was a loser’s game.

    Lesson Number Four: Let profits ride until price action dictates otherwise.

    “It never was my thinking that made the big money for me. It always was my sitting.”

    One method that satisfies the desire for profit and subdues the fear of a losing trade is to take one half of your profit off at a predetermined level, put a stop at breakeven on the rest, and let it play out without micromanaging the position.

    Lesson Number Five: Buy all-time new highs.

    The psychological merits of buying all-time or 52-week highs are immense and shouldn’t be discounted as a part of your overall strategy.

    Lesson Number Six: Use pivot points to determine trends.

    When going long, traders are continually looking for confirmation by assessing the strength of a move. Higher highs and higher lows are a solid indicator that a current uptrend is merely taking a slight pause, and the odds of higher prices are in their favor. These same pivot points are integral to drawing support and resistance lines to give traders their line in the sand. Taken together, trend lines and pivot points can enlighten a trader to a change in momentum, which may change the character of a trade.

    Lesson Number Seven: Control your emotions.

    Our goal as traders should be to also make a critical yet honest assessment of the areas we can improve so the bottom line will support our claims of truly being seasoned traders. Adhering to the time-tested rules of Jesse Livermore would be a great start for anyone.

    http://www.ritholtz.com/blog/

    Good stuff in the above link!!

    Time to go shopping, have a good one everybody!!!!

    Oh yeah Bill, I had to get rid of the hilarycow avatar, just like the big brother one, it started to creep me out LOL!!!

  9. #19
    Los Tiburones is offline
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    Hey guys and gals ...

    Just finally settling down after what turned out to be an ... interesting day.

    "Daddy's girl" (AKA our kitty) got herself into some kind of brouhaha last night, apparently and from what we can speculate (along with the vet) a not such a pushover Raccoon - The Girl took some body blows, quite a few - A real deep laceration that they sedated her for and decided against stitching up due to a possible infection - Man, she has cuts and contusions all over but she kicks ass and is doing really well all things considered - Even broke a claw fighting whatever mystery beast she got into this tango with ... So a cool 1100 bucks later, she is happily home with the silly cone hat getting the royal spoiled treatment (like that is any different than the norm) - In ten years this has got to be about the third or fourth time now ... kids these days!

    I was absolutely the concerned Daddy all day, really made for some challenges - Top it off my main boss of the last 5 years left today, hard nosed tough SOB that grilled me, busted my chops many times and taught me a great deal about business amongst just old fashioned disciple - A vet, an asshole for so long and then later a really changed man after a long sabbatical - I wouldn't change a thing about the whole time I have known him. Great man. Just so bizarre what we are going through with so many people leaving or being 'let go' in the last year ...

    Anyways, back to the stocks ... Jumped into the PR fray for BEHL thinking ... Ah, yeah, thinking again, always spells trouble ... Figured it this way - Having only 10K shares previvously at about .06, this would help me avg down at the least and expecting the pop, well ... guess there is still the call they are doing later this week ... (Picked up 20K at ... .028)

    QASP - Another PR - Yippee! (Heavy, really heavy on the sarcasm) - I am flip flopping on this so much they ought to just make me the spokesman for Eggo's - I am pretty much without a clue what may or may not happen with them - No response from two emails, one to Dean, one to Jamie at IR - Hopefully they are too busy closing the acquisitions ... Yikes, now I'm speaking shrub language!

    I'm suspicious, that's about all can I say anymore and ... I so want to be wrong about it.

    Can't dump EVFL ... It's seems if you were allowed to sell it at -0.001 (negative) there would be no takers ...

    Hope somebody out there is making something, I still have 'hope' but to be honest I am so thankful that The Girl is OK none of it makes one bit of difference - Got to go give her some Daddy love ...

    Cheers
    Last edited by Los Tiburones; 11-02-2009 at 11:51 PM.

  10. #20
    Dr. Dave is offline
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    Quote Originally Posted by dread View Post
    OK I got whacked on MESA for 300 bucks, that sucked. Its to dangerous for me now so I won't touch it anymore.

    I am just going to start accumulating positions in N/G and oil companies. Shopping around right now and plan on going long.

    Here is a cool chart on the dollar and what is backing it,
    http://www.ritholtz.com/blog/wp-cont...ents-chart.gif

    Via Minyanville, we get this good version of Jesse Livermore’s trading rules, considered to be one of the best traders of all time:

    Lesson Number One: Cut your losses quickly.

    As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. If a trader doesn’t know his exit before he takes the entry, he might as well go to the racetrack or casino where at least the odds can be quantified.

    Lesson Number Two: Confirm your judgment before going all in.

    Livermore was famous for throwing out a small position and waiting for his thesis to be confirmed. Once the stock was traveling in the direction he desired, Livermore would pile on rapidly to maximize the returns.

    There are several ways to buy more in a winning position — pyramiding up, buying in thirds at predetermined prices, being 100% in no more than 5% above the initial entry — but the take home is to buy in the direction of your winning trade – never when it goes against you.

    Lesson Number Three: Watch leading stocks for the best action.

    Livermore knew that trending issues were where the big money would be made, and to fight this reality was a loser’s game.

    Lesson Number Four: Let profits ride until price action dictates otherwise.

    “It never was my thinking that made the big money for me. It always was my sitting.”

    One method that satisfies the desire for profit and subdues the fear of a losing trade is to take one half of your profit off at a predetermined level, put a stop at breakeven on the rest, and let it play out without micromanaging the position.

    Lesson Number Five: Buy all-time new highs.

    The psychological merits of buying all-time or 52-week highs are immense and shouldn’t be discounted as a part of your overall strategy.

    Lesson Number Six: Use pivot points to determine trends.

    When going long, traders are continually looking for confirmation by assessing the strength of a move. Higher highs and higher lows are a solid indicator that a current uptrend is merely taking a slight pause, and the odds of higher prices are in their favor. These same pivot points are integral to drawing support and resistance lines to give traders their line in the sand. Taken together, trend lines and pivot points can enlighten a trader to a change in momentum, which may change the character of a trade.

    Lesson Number Seven: Control your emotions.

    Our goal as traders should be to also make a critical yet honest assessment of the areas we can improve so the bottom line will support our claims of truly being seasoned traders. Adhering to the time-tested rules of Jesse Livermore would be a great start for anyone.

    http://www.ritholtz.com/blog/

    Good stuff in the above link!!

    Time to go shopping, have a good one everybody!!!!

    Oh yeah Bill, I had to get rid of the hilarycow avatar, just like the big brother one, it started to creep me out LOL!!!

    I like lesson number 4, I never heard of that one... though, you'd have to be satisfied with things riding sideways and your money tied up for a long time. I think I'll wait until my accounts are a little bigger before trying it, but it is pretty cool.

    I was actually screening for new highs just the other day, as I finally sold out of the trades that weren't helping any. But, it's earning season, so I'm still working on options strangles... but this time, I'm actually doing the strangles, instead of doing all the homework, but then only buying the call or put... that last trade I did was sooo stupid, lol.
    Positions: Change so often, it's no longer useful to update this...

  11. Ad Fairy Senior Member
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