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Thread: 7-30-2013 Tuesday Don't Lose Day

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  1. #1
    Limit5Bass is offline
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    7-30-2013 Tuesday Don't Lose Day

    SIRI had 2 dojis in a row and is working on a 3rd today so far. Something tells me to watch out for a late day run with the dog..

    if SIRI can close at 3.79 or higher today it should be off to $4

  2. #2
    denco1 is offline
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    Quote Originally Posted by Limit5Bass View Post
    SIRI had 2 dojis in a row and is working on a 3rd today so far. Something tells me to watch out for a late day run with the dog..

    if SIRI can close at 3.79 or higher today it should be off to $4
    Morning BassMan, thanks for the update on THEDOG.....hope we see it shake out that way....again congrats on your AAPL call

    RC, appreciate your thoughts and chart from yesterday...glta

  3. #3
    denco1 is offline
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    The DOG looks to be working on another triangle on the HiLo P&F......would like to see it cut short with the breakout.


    SiriHiLo.jpg
    Last edited by denco1; 07-30-2013 at 11:46 AM.

  4. #4
    Limit5Bass is offline
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    http://siriusbuzz.com/forum/showthre...1275#post81275

    i posted a 3d update in the other forum….

  5. #5
    denco1 is offline
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    Looks like DDD may be back on my buy list soon......tks Bass!!


    Notoriously late to the party/conservative/hidden agenda/out of touch/douche/ analyst David Banks raises price target to $4
    Should we all be worried now or is he still on the low side....

    http://satelliteradioplayground.com/...arget-to-4-00/


    Given recent results with respect to net subscriber additions, margins and, especially, churn, we continue to have confidence in SIRI’s ability to meet near-term Street expectations, and longer-term EBITDA margin target, ~40%. Considering SIRI bought back more stock than we had expected this quarter, is still below target leverage, and is exploring capital structure alternatives to alleviate restrictive debt covenants, we’d expect to see continued accelerated returns of capital.”

    – David Bank, RBC Capital Markets Global Media Ana
    Last edited by denco1; 07-30-2013 at 01:00 PM.

  6. #6
    SiriusBuzz is offline
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    Bass, what are you thoughts now that FB has broken $36? How does that change things?
    Charles LaRocca
    SiriusBuzz Founder

  7. #7
    Limit5Bass is offline
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    at the bottom of my last update CLR I show a potential trading zone for FB aka "the playground". I see resistance where we are at right now from a gap-down (the purple channel) that occurred on day 2 of FB's trading

    Right now I hold 62.5% of my original FB position and may trim another 12.5% around $38ish. I am playing a trade…..timing is everything…..if you are long-term I would wait and see how it reacts to the gap-down channel in my update because volume is picking up today and this thing could push $40 before pulling back significantly. i always like to have the day close and analyze then….i am not a good day trader

    http://www.trendystockcharts.com/fb/fb-7262013/

    Quote Originally Posted by SiriusBuzz View Post
    Bass, what are you thoughts now that FB has broken $36? How does that change things?
    Last edited by Limit5Bass; 07-30-2013 at 01:32 PM.

  8. #8
    SiriusBuzz is offline
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    Its really tough because I always thought of FB as a longterm hold but this recent run has turned that hold into a potential trade. I don't want to sell but, at this point, I see very limited upside. I've almost hit the sell button three times now but the stock continues to climb.

    The market drives me nuts... why do I do it to myself?
    Charles LaRocca
    SiriusBuzz Founder

  9. #9
    sparky is offline
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    Quote Originally Posted by Limit5Bass View Post
    SIRI had 2 dojis in a row and is working on a 3rd today so far. Something tells me to watch out for a late day run with the dog..

    if SIRI can close at 3.79 or higher today it should be off to $4
    Hey Bass, technically speaking, now that we didn't get a late day rally, does the take down to $3.70 have any significance? I've noticed too that the last three days have been lower highs and lower lows, and it looks as though it broke your trendline.

  10. #10
    Limit5Bass is offline
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    The thing that strikes me most is the decreasing volume over the last 3 days as SIRI has been drifting lower. It doesn't seem like others are selling - this could be Snitzel Man trying to play games. I would watch for support around the $3.50 area as gap-ups are typically support areas if the dog decides to continue drifting lower for the time being
    Quote Originally Posted by sparky View Post
    Hey Bass, technically speaking, now that we didn't get a late day rally, does the take down to $3.70 have any significance? I've noticed too that the last three days have been lower highs and lower lows, and it looks as though it broke your trendline.

  11. Ad Fairy Senior Member

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