for those in DDD.....could correction wave C be starting for the red wave? If DDD does not produce a new high in the near future, it is possible I would say
EDIT: that would be a "high" of $68.44 (the tip of wave b currently)
DDD 2013-02-12.jpg
for those in DDD.....could correction wave C be starting for the red wave? If DDD does not produce a new high in the near future, it is possible I would say
EDIT: that would be a "high" of $68.44 (the tip of wave b currently)
DDD 2013-02-12.jpg
Last edited by Limit5Bass; 02-12-2013 at 01:22 PM.
looking back to September, there's been a nice upward channel develop -- & we're not far from the top.
while, yes, there are a number of factors that *could* produce that lofty "short squeeze" - fact is, without cause - that's not going to happen.
lots of opinions about what Liberty will/won't do w/ this buyback, being among one of the prime motivators in price direction.
baseline thought on that is that if they choose to take back their money (rather than align themselves with buying shares, too), it's probably not a winning move for SIRI holders.
anyway - looking at my chart, I'm seeing a range of $2.88-$3.03 in our future.
Note: this *is* the bear view - based on us *not* getting what we want. Which, IMO, is that Liberty wants us higher.
anyway...
HB it is good to hear from you. Hope all is well there in Sandy Eggo. From the tone of your message, it sounds as thought you might still be in possession of 3+ shares. For your sake and mine, I too wish that Liberty wants us higher.
EDIT: This is directed to Bassman
Does the new high need to be adjusted for their 3:2 split? Shareholders will be gaining 1 share for every 2 they hold if I understand correctly. Wouldn't this event automatically reduce the price by around 33%? Is this a factor in the wave patterns?
Thanks Bass
HB, Im so glad to see your posting today!! I hope 2013 is being great for you so far. And once again, thanks so much for all your input over the years.
End of day 16 million share block through at $3.20 went for ask price. After hours puking up a lot more very large blocks at $3.20
Looked like almost all buying today. Money flow near $100 million. 3.2 Bought / sold ratio
http://finance.avafin.com/tradeFlow?...0&industryId=0