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  1. radejs is offline
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    12-21-2012, 07:33 AM #1

    SIRI Daily Friday 12.21.12-No Plan B, lookout below......

    From Wall Street Journal Blog this AM

    House Speaker John Boehner, facing a rebellion in his party’s conservative ranks, abandoned his own plan to avert tax increases for most Americans Thursday night, throwing Washington’s high-stakes budget negotiations into disarray and bringing the prospect of tumbling over the fiscal cliff into sudden focus. After pulling his bill without taking a formal vote, Mr. Boehner unexpectedly disbanded the House until after Christmas, leaving behind uncertainty about whether Congress and President Barack Obama would be able to avoid $500 billion in spending cuts and tax increases that begin in January.

    House Republicans’ refusal to go along with Mr. Boehner’s tax plan represents a rebuke to the speaker that raises questions about his ability to lead his party in further budget negotiations with Mr. Obama. Negotiations between the White House and Mr. Boehner are at a standstill. The bill that failed Thursday, which would have raised income-tax rates on income over $1 million, was designed as a backup.

    The dramatic course change, and the uncertainty about what will become of Washington’s budget negotiations, could rattle investors and financial markets that until now have been reasonably stable on the expectation that the White House and congressional leaders would strike a deal.

  2. radejs is offline
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    12-21-2012, 07:41 AM #2
    Also from the Journal this AM, a bit of president bashing, but deservedly so in my opinion

    http://online.wsj.com/article/SB1000...inion_newsreel

  3. abcdarin is offline
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    12-21-2012, 08:14 AM #3
    The P&F charts show we have some nice support below us. I hope it holds up while we go for the Cliffmas season.

  4. nytimbo58 is offline
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    12-21-2012, 08:15 AM #4
    Well, either Siri will continue to hold relatively strong as opposed to the rest of the market,as it has been lately, or will we get a nice buying opportunity...either senario I guess is not that bad, assuming you have dry powder...

  5. nytimbo58 is offline
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    12-21-2012, 08:16 AM #5
    Cliffmas Season, thats a good one!

  6. denco1 is offline
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    12-21-2012, 08:43 AM #6
    Quote Originally Posted by nytimbo58 View Post
    Cliffmas Season, thats a good one!
    I like it too....BTW, good morning all

    I'm a bit partial to the DONKEYDONGBEATDOWNBULLSHITTAKEDOWN myself. What an orchestrated pile of crap this gap down is.
    Just a little message to the politicians to get there heads out of their asses. They will test support on the S&P at 1425 ish. SIRI, maybe 2.85. If it holds real strong then 2.90-2.94?

    EDIT: If SIRI stays REAL STRONG then maybe.....oh....UNCH on the close.
    Last edited by denco1; 12-21-2012 at 09:01 AM.

  7. csl8 is offline
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    12-21-2012, 08:48 AM #7
    Stock index futures, stock index options and stock options expire today. Triple Witching. Can cause volatility end of day.

  8. imromo24 is offline
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    12-21-2012, 08:48 AM #8
    Denco, nice "location"

    Not very excited about a takedown today. Maybe a buying opp...buybacks? Option ex help? Where is 2013 guidance and the new personalized radio that was due !?

  9. denco1 is offline
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    12-21-2012, 09:00 AM #9
    Quote Originally Posted by imromo24 View Post
    Denco, nice "location"

    Not very excited about a takedown today. Maybe a buying opp...buybacks? Option ex help? Where is 2013 guidance and the new personalized radio that was due !?

    Tks IMR24.....I feel comfortable there....

    They will probably save the guidance for the CC. Personalized should be coming by EOY. They are at the back end of their time frame as usual, unless they don't deliver this time within their time frame. We should ge an early release of Q4 subs in early January.
    Last edited by denco1; 12-21-2012 at 09:08 AM.

  10. siriusly_invested is offline
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    12-21-2012, 09:16 AM #10
    'mornin all. I like the idea that maybe we can close out our Cliffmas shopping today with some real bargains.

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