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Thread: Monday 5.3.2013 - Law 24 Monday!

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  1. #1
    midas360 is offline
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    Joined: Dec 2012 Location: Trading Pit Posts: 520

    Monday 5.3.2013 - Law 24 Monday!

    Law 24
    Play the Perfect Courtier

    The perfect courtier thrives in a world where everything revolves around power and political dexterity. He has mastered the art of indirection; he flatters, yields to superiors, and asserts power over others in the mot oblique and graceful manner. Learn and apply the laws of courtiership and there will be no limit to how far you can rise in the court.
    Stock Chat Room ---> http://us12.chatzy.com/66899682019021 :money:

  2. #2
    denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,571
    Morning all!

    Short handed at work today. 2 called in sick. Flying solo today at least till about 4 pm. Wont be chiming in much but will check the thread when I can.


    SLY, tonight's the night. Home court advantage should be the deciding factor as well as experience......GL

  3. #3
    switchflare is offline
    Any ideas on SIRI's quick descent into the 3.30s over the past two trading days? Big block of shares this morning out of the gates.

  4. #4
    Bravo863 is offline
    What goes up must come down. I think that we could get some good swing trading going on now.

  5. #5
    switchflare is offline
    Quote Originally Posted by Bravo863 View Post
    What goes up must come down. I think that we could get some good swing trading going on now.
    I couldn't help but grab some shares at 3.38 after the plunge. Hopefully we do see some good swing trading opportunities. I can't imagine they'll lay off the buyback pressure for too long.

  6. #6
    siriusly_invested is offline
    Interesting commentary last evening by a couple of GS Analysts who are not concerned in the least by the sudden downturn late Friday in the markets. The S&P 500 has been on a 21-day rise without pause; a breather is long overdue. Those same analysts agreed we will continue that correction today, maybe another day or two before reversing. Currently the index is at 1626 and could go as low as 1600 which happens to coincide with the lower trend line and just below the 50% Fib retracement point. Once it makes that reversal, they see 1700 before another cooling off period.

    So, you are asking what can account for the plunge in SIRI stock price (and most all others)................. there is your answer IMHO.

    Denco, sorry to hear that your day job is taking your attention today. Yes, tonight will be a nail-biter in our house. Go Heat.

    EDIT: PS, here is the S&P500 chart
    Attached Images Attached Images
    Last edited by siriusly_invested; 06-03-2013 at 02:03 PM.

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