Something to keep an eye on if Sirius can't hold $3.00...the P & F HiLo chart is now indicating a bearish target of 2.71.
This market would need a few more doozies like today for this to happen though IMO.
Just Sirius, I can't post a link because its news from my TD Ameritrade account. I'm sure yahoo finance will post it tomorrow morning. It was actually three upgrades. S&P , Moody's, and Buckingham Research initiated a buy at $4.00.
Futures down again and going lower. Should be another day of crushed dreams. Hopefully this correction ends soon. Considering the continuing market weakness, I would expect Sirius to follow yesterday's track. (come out with some strength, take a dump and ease back just about where it started )... but what do I know?
"The upgrade of the ratings on the Notes to investment grade has the effect of eliminating many of the financial covenants contained in these Notes," said David Frear, Chief Financial Officer, SiriusXM. "Most importantly, the limitation on restricted payments contained in the indenture governing the Notes is no longer applicable and these Notes no longer constrain our share buyback activity," added Frear.
anybody else get 3.15 in pre?
Finally a gap played out smooth.
EDIT: Holy SH!T..... sold 3.15 pre, bought back 3.11, flipped @ 3.20?! GOOD MORNING!!
Last edited by Wolf Child; 04-11-2014 at 10:48 AM.
There it is