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Thread: Sirius XM January 2016 Thread - Happy New Year!

  1. #1
    midas360 is offline

    Sirius XM January 2016 Thread - Happy New Year!

    I want to wish everyone a Happy New Year!

    Hope everyone makes a ton of money!
    I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT

  2. #2
    dm_4 is offline
    Guru
    dm_4's Avatar
    Joined: Dec 2012 Location: Boston, Ma Posts: 2,747
    NAZ WINS!! Nice Job NAZ Only .05 off. Pretty good stuff. JR999 placed in second right on your heels lol.

    I sold my final lot of siri....with 2 minutes to go. 24001 shares at 4.08. I am officially out of SIRI. Feels wierd...but i have no complaints. It was one of the best investments i ever made bar none!! Now instead of buying and holding it...i will now trade the daily fluctuations of it. It has been a long, strange, fun, depressing wild ride full of ups and downs. Glad to say...I survived it. Glad to have also come to know all you guys here. I prob wont be around as much now....but will try to periodically check in and see how the gang is doing. I wish all of you the best in life and your investments....Happy New Years!! God bless you, your families and God bless SIRI!! Cheers to you all!!

    DM_4



    Good Luck Everyone

  3. #3
    Nazareth is offline
    Let's see $5.00 next year. Heading into 2017 we should see some good stuff. 👍

  4. #4
    beehaus is offline
    Member
    beehaus's Avatar
    Joined: Feb 2013 Posts: 80
    I'm sticking with my aggressive call for 2016 and upping it slightly:

    5.40

    However, I will be happy with anything above 4.85 this year which is about 20%.

    Happy New Year everyone!!!

  5. #5
    bdp. is offline
    Holy fu**ing sh*it! What a way to start the year!

  6. #6
    user34615145 is offline
    Just sold Jan15 $4 puts for $.08

    Surely that means the stock is heading sub $4 for an extended period of time.

  7. #7
    bdp. is offline
    Quote Originally Posted by user34615145 View Post
    Just sold Jan15 $4 puts for $.08

    Surely that means the stock is heading sub $4 for an extended period of time.
    Could be, but if history repeats itself like it has dozens of times before, at least tomorrow we should be up above $4 as the market digests today's overreaction. IMO

  8. #8
    waldo29 is offline
    Enthusiast
    waldo29's Avatar
    Joined: Dec 2012 Posts: 197
    Still in Brazil, back in the states mid Jan.

    Still short @4.10, close of 3.95 or below represents a new trading range with 3.65 main support for the range. If it gets there, you should see a trade-able hard bounce similar to the 3.96 bounce in December. Still the .30 levels for the LM collaterals calls, trade those ranges. Been gold for 18 months.

    Early half of 2016 will have a lot of pressure on Siri price (tracking split arb positioning), throw in macro volatility and expect the stock to be pushed around hard.

  9. #9
    user34615145 is offline
    Quote Originally Posted by bdp. View Post
    Could be, but if history repeats itself like it has dozens of times before, at least tomorrow we should be up above $4 as the market digests today's overreaction. IMO
    You are probably right. Auto sales are reporting tomorrow and I thought I heard from some source that car sales in December were the best in years - although I can't remember where I read/heard that.

    These Puts are just my stupid/pathetic attempt to snag some cheap(er) shares than can be had today. $3.92 would be my B/E if/when the options got exercised and I could probably just put a limit order in to buy at $3.92. Regardless, if I found myself in possession of $3.92cb shares, I'd probably just turn around and sell the next month's $4 call against them....or maybe even hang on til March as the March $4 calls are fetching $.15 right now.

  10. #10
    waldo29 is offline
    Enthusiast
    waldo29's Avatar
    Joined: Dec 2012 Posts: 197
    Quote Originally Posted by waldo29 View Post
    Still in Brazil, back in the states mid Jan.

    Still short @4.10, close of 3.95 or below represents a new trading range with 3.65 main support for the range. If it gets there, you should see a trade-able hard bounce similar to the 3.96 bounce in December. Still the .30 levels for the LM collaterals calls, trade those ranges. Been gold for 18 months.

    Early half of 2016 will have a lot of pressure on Siri price (tracking split arb positioning), throw in macro volatility and expect the stock to be pushed around hard.
    I should add, if we get the close below 3.96, expect an effort to take it back in the next few days to prevent the call.

  11. Ad Fairy Senior Member
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