I Do
I Don't
I don't mind....sure I have about 150 pages of "this message is hidden due to ignore status" but it's just no value garbage I wouldn't have read anyhow. Now, fwiw, I have asked Charles several times if someone could write some kind of mini program that would eliminate those messages too, leaving behind only the comments that I can see. So far, nothing. Not even a response, much less any changes, and I really doubt Charles even checks this room except about once a month cause he's a busy guy with a whole site to update, administer and police, so I just soldier on. Like I said, it's not so bad once you get used to it.
Last edited by user34615145; 10-26-2015 at 02:59 PM.
I don't trust "these guys", whoever they are that are controlling the SP movement, to the upside or downside. Been a victim to both sides over the years. Have suffered through the hard core retrace pain but have also pulled the trigger a bit too early for my situation, and watched them take it up well beyond my expectations. A few years back right before the breakout to 2.44 they did much of the same and held the SP in check. On CC day PM the took it down on average #s to about the 1.86 if I remember correctly, only to march it up strong going into the opening bell and over $2 by days end. I sold too many in the pm march up and felt I was chasing for the next 3 weeks. Just one example....of many.
Now, I am going to sit tight and assist the buy back by continuing to trade blocks until I see a new higher established range. At that point I will give them what they want.......some of my core. 4.50 + for me......maybe 10-15%. All our situations are different. This is just how I am playing it....
Hey Denco, thanks for asking. How the heck are you?
Trading quite a bit less than I used too but I still look to you, Bassman and others on this board for insight on trading opportunities with SIRI. It has been a good ride, one of my better money makers. Now I just need the world to realize AAPL is undervalued and I will be REALLY happy!
It's good to have an exit plan denco....a strategy. The challenge is sticking with it and keeping your sell discipline as the price rises. We all know, from hard won experience it can go down a lot faster than it went up - certainly not just SIRI, but all stocks. Usually I would ask "why not sell the covered call at say, $4.50 and get paid to wait?" Usually this strategy has the added benefit of enforcing your sell discipline because as the stock price rises it starts to cost more and more to buy the calls back, which is usually a deterrent. But in the case of SIRI, there is really no premium offered at $4.50....not until you go out to march16 and even then it's not even a dime. Too much can happen in the next 5 months to make that a worthwhile transaction.
I guess another way to look at that is that the "smart money" isn't willing to pay up too much to lock in $4.50 so they must not feel very confident that it's gonna get there anytime soon....anyway, that's my $.02
Can we go back to talking about football and stuff now? Cause that's all the acquired SIRI wisdom I've got to share.
Last edited by user34615145; 10-26-2015 at 03:16 PM.
Looks like they are working her down into the close.....be nice if they let it close above $4.02
Sold 30k more shares at $4.08.