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Thread: SIRI Daily Thread......... Thursday, May 9, 2013

  1. #1
    siriusly_invested is offline

    SIRI Daily Thread......... Thursday, May 9, 2013

    No one's awake yet so I'll start the thread for today. I'll be back in a moment with a suggestion for a stock to watch, with what I feel will be an attractive entry point real soon.

    EDIT. Okay here goes my stock pick.

    I've been watching AMD lately as it seemingly has taken new life in the investment arena. What I see in the chart is a looming correction down to the 50% Fibonacci at $3.10 as it seems poised to bounce off of the upper trend line. RSI is extremely overbought at around 90, so I'm thinking a strong correction is in the making. Once that correction has happened, I see a very positive sign of a Golden Cross forming (50dma ascending the 200), which typically signals a strong upward surge. I personally will be ready to take advantage.
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    Last edited by siriusly_invested; 05-09-2013 at 08:59 AM.

  2. #2
    denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,534
    Morning SLY-

    Thanks for starting the thread and the for the chart.

    Congrats on the Heat victory....that was easy.

    My Spurs are struggling. Hope they can find some answers for this young and very talented team.

  3. #3
    I_know_nothing is offline
    seems like our siri run has fizzled. Thinking about dumping my overcore today and waiting on the sidelines with it. What's everyone else's thoughts on siri and it's current state?

  4. #4
    denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,534
    Quote Originally Posted by I_know_nothing View Post
    seems like our siri run has fizzled. Thinking about dumping my overcore today and waiting on the sidelines with it. What's everyone else's thoughts on siri and it's current state?

    Could go either way but may have one more push into the 3.45-3.50 area before a longer breather. Re captured the 5 sma.

  5. #5
    SlapShot27 is offline
    They're not even letting Schnitzelman in the parking lot at ONVO!!

  6. #6
    I_know_nothing is offline
    can someone explain to me in a simple sentence or two how RSI works? The way I understand it, the higher it is the more likely a sell off is and the lower the more likely a price jump. However, what else needs to be taken into consideration with that when trying to make a decision?

  7. #7
    siriusly_invested is offline
    Good morning to you also, Denco. Sorry to see the Spurs take a dump last night. (Actually, I didn't see the end but I guess the writing was on the wall when I turned it off in the 2nd quarter.

    On another front, recall that I have been touting Green Mountain Coffee Roasters (GMCR) as one of those stocks where AAPL money went (when Apple took a dive). Check out the headlines this morning on GMCR:

    "Green Mountain Coffee Roasters Inc.
    NASDAQ: GMCR - May 9 10:17am ET

    71.17+11.69‎ (19.65%‎)"

    Now that was one very fortuitous stock tip which I heeded a few weeks ago. They don't happen like that too often.

  8. #8
    SlapShot27 is offline
    A Post for Midas, RAD, and anyone else who trades the "Mary Jane" equities...

    National Public Radio/Public Radio International did a lengthy segment on legalizing MJ. The broadcaster (sounded like Warren Olney- recognized his voice cuz he used to do TV news in Los Angeles) interviewed Congressman Broomehauer (name sounds like a character from Hogan's Heroes).

    Didn't get to hear the segment myself due to a cell phone call (was in my car). However, the segment did last 10-15 minutes. It may be worth trying to find this segment on the NPR/PRI website and ' take a listen.' It aired May 8 at Approx 1:30-1:50 PST.

  9. #9
    Sundeeez is offline
    Sly.... Thanks for your pick.

    SIRI.....its come back and touch 3.26 at some point and that's where my buy is set.

    Everything is so overbought a correction looms

  10. #10
    siriusly_invested is offline
    Quote Originally Posted by I_know_nothing View Post
    can someone explain to me in a simple sentence or two how RSI works? The way I understand it, the higher it is the more likely a sell off is and the lower the more likely a price jump. However, what else needs to be taken into consideration with that when trying to make a decision?
    IKN, I've not seen a single stock oscillator or such tool which can adequately be explained in a sentence or two. I find as an excellent reference the ChartSchool section of Stockcharts.com where you can read the following on all they have to say about RSI:

    http://stockcharts.com/school/doku.p...ve_strength_in

  11. Ad Fairy Senior Member
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