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  1. Wolf Child is offline
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    09-19-2014, 01:33 PM #101
    Well, it looks like someone had the same idea I did but also had the balls to rip off the band aid.

    grumble grumble grumble

  2. BJH is offline
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    09-19-2014, 01:35 PM #102
    I didn't get in on it either. TD did not participate in it so no ipo price for me.

  3. Faulkner_SA is offline
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    09-19-2014, 05:47 PM #103
    Sure it can hit $4 in 6 weeks. Past history shows it has made a number of moves around that distance in shorter time frames. Twice since May now from 3.09 and then from 3.30.

    Are you looking to sell at $4 nj? I think you'll get your opportunity this year so might be best just to leave an open limit order with a sell at $3.99 and not watch it Why is today's activity bothering you? It's op/ex day. It wouldn't have been surprising if the past two days took the opportunity to sell to the 50 considering the 33K open contracts there (there were 40k yesterday so it seems others were exercising them and selling the shares).

    Can always sell and be done and all the pain of the stock working its way up slowly will be over

    Next large option position doesn't come until December. 258,476 open calls at $3.50. That's considerable... 25 mil shares move on that expiration. They were mostly entered into in June right after the 20/50 cross and then the first 20 day MA bounce.

  4. njbones1 is offline
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    09-19-2014, 11:43 PM #104
    Not looking to sell at $4. Mr. Faulkner. Been in SIRI since 04, not leaving anytime soon, just getting impatient. This year I have less $$$$$$$$$$ than last year for the first time ever. Always had faith in your articles over the years tho.

  5. Faulkner_SA is offline
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    09-20-2014, 02:57 PM #105
    It's all a matter of perspective. YOY comparisons taken at different points will have significantly different results due to the price curve not being the same. You may find end of year you are up vs. last year when presently you are down vs. last year.

    If you're not looking to sell at $4 then the price between should not frustrate you at all. The ONLY two points that EVER matter (on a simple cash outlay stock purchase) are the day you buy it and the day you sell it. If averaging in, or buying monthly, weekly, quarterly, whatever, one would actually welcome the current price being below one's cost basis.

    SIRI has dipped plenty of times in the past. It has gotten "less frustrating" over the years... now that I have a 7 year (relatively short to most of you) experience with the market. It gets easier to not be bothered by dips and churns when understanding that they don't matter, or are even beneficial to my overall objective / timeframe / strategy.

    The only time short term price activity is frustrating is when I have expiring options coming up or just bought something shorter term. For instance I paid $0.17 for a couple hundred OCT 18 $3.50's Thursday and could have had them for $0.14 Friday. I try to keep those potential frustrations to a minimum, though, by keeping size of these little trades very very small and maintaining focus on where I expect the price to be at the end, not between.

    Anyways... lot of people frustrated here, I am sure. My opinion is eventually no more frustrated people will remain and this will need to visit the $4 area to find a LOT of sellers there who are either just looking to get out near last year's highs OR sellers who bought on a trade expecting the price to revisit last year's highs. See the 2011 / 2012 $2.40 visits for reference. One of the reasons I expect price to pull back here AGAIN after hitting $4 unless Q3 brings some pretty nice surprises. Doesn't change my $5 sell point / target, but I am not optimistic at this point that the price will hit $4.85 - $5.15 by Jan.

  6. Wolf Child is offline
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    09-22-2014, 11:30 AM #106
    LMCA fell too far too fast. bought @ 47.52

    Bought SIRI @ 3.55 while still expecting a possible hit to the 50 day and bounce of which I will buy too

    actually, I'm buyng all kinds of sh!t

    EDIT: shoulda checked the charts before making the LMCA trade. Plummeted through the 50 day. There's a gap below the 100 and 200 day that could fill too. Once it cracks, who knows where it will land. hectic morning. leaped before I looked. We (SIRI) could follow. Who know's. Bounced off the 50 EMA but fell through the bottom of the BB..... I have no idea so I'm gonna shut up...... still buying tho..... ok now I'm gonna shut up
    Last edited by Wolf Child; 09-22-2014 at 12:42 PM.

  7. Wolf Child is offline
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    09-22-2014, 11:51 AM #107
    did we have a gap at 3.48?

  8. denco1 is offline
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    09-22-2014, 12:58 PM #108
    I don't see any gaps at $3.48, Wolf.....$3.40 - $3.42 but not a true gap.

  9. Wolf Child is offline
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    09-22-2014, 01:21 PM #109
    y'all seen this? Funny stuff to ease the pain

  10. Faulkner_SA is offline
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    09-22-2014, 06:57 PM #110
    LMCA investors get a 100/200 cross tomorrow or within next few days. SIRI should follow, and SIRI could comfortably touch the 200 and still be healthy (3.44 or so). Similar move like tracing the 100 just before it turned up... 19 cent drop. 200 turns up in a few days. 19 cent drop from 3.65 is 3.46... close enough. Might throw a big chunk of cash at it if it goes there and I'm watching at the time.

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