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Thread: earnings 5-1-12

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  1. #1
    imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524

    earnings 5-1-12

    a little disappointed to check in and not see any recent siri discussion! Did everyone sell or just accepting a long and wait it out position?

    anyway, picked myself up 1500 shares at 2.17 after watching it fall, then 1500 more at 2.23 as it was breaking the down trend...then somehow landed 3000 at 2.11 though it was only there for 27 seconds this week.

    Got my tickets for earnings next week hope its a good one. Been waiting for this range to break while trading other stocks. Feels like its ready to enter a new range, somewhere between 2.52 and 2.84 according to resistance charts.

  2. #2
    just sirius is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 1,178
    Romo

    Still holding main shares...round trippin with about 5000 shares pulling profits for play money! I would love to see the new range be 2.52-2.84!!

    Hope all is well!

    JS
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

  3. #3
    imromo24 is offline
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    All is well thanks! Been round tripping too, we're probably part of the problem

    One thing I like about Mel selling his shares is that he announced it early, followed through, but unexpectedly to me, he only sold supposedly 10% of his planned sales. Seems like a few articles have stated that it was kind of a butt covering so he didn't look like he was doing something shady by either dumping them all before the earnings, or waiting until after earnings. As it seems, he still has 90% he's holding through earnings.

    I've been working my way back up to the 10k shares I had when I missed that run from $1 something to $2, being delisted around that time had me worried and it got away.

    It appears to me that Liberty is just starting at the easiest (de facto) and then working their way up to a more standard acquisition. Since I'm sure Mel and Malone talk all the time it all seems like a show they are putting on for the authorities and the media.

    I have been learning a lot about technical analyis and all we need to do is break through 2.35 and I think the buying will pick up. Many technical traders are waiting for this as a signal. Siri has already shown it can do it, the latest run to 2.40's was on high volume. With the cash flow coming in we just need some fundamentals to push it through the barrier, its about time we do, especially if guidance is good.

  4. #4
    imromo24 is offline
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    It appears the downward channel has been broken to the upside and confirmed the top of the downtrend as support. Keep an eye on breaking 2.24 as resistance. beyond that Im looking at 2.28, 2.35 to break quick if the earnings come out good with increases in guidance. I have a good feeling we at least test 2.45. If that breaks then i might just stay in a while.

    I check support and resistance everyday because things can change on a whim if too much resistance is encountered to go up any more. we'll see, it seems like it is set up to break out to a new level, rsi is turning positive, macd is flattening out, slo already crossed upward. need to get back in the upper bollinger bands and over the sma's

  5. #5
    just sirius is offline
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    Thanks Romo! I'm playing with about 5k shares! We'll see how this CC plays out!

    JS
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

  6. #6
    imromo24 is offline
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    well the earnings looked good, it appears the info will take some time to settle in and the shorts have some buddies with large amounts of shares to flood as evident on how they stopped the run up after the drop from 2.30.

    Im going to keep an eye on the charts and hold on for a while until whoever is laundering their shares is done. I wonder how soon the full potential of sat rad 2.0 will take, this talk of free subs with ads could be a game changer for revenue. Imagine all of those new cars if suddenly the sat rad capability turned on free, with ads.

    Remember the patent filed way back for sat rads to store ads and know if the user has heard one and how long its been since an ad chimed in?

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