Bullet Point – SIRI Down In Pre-Market
SiriusXM is down at $2.87 in pre-market. It would appear that my thoughts of SIRI dipping prior to an earnings run-up later in the week is happening. Caution is needed though, as pre-market does not always tell the tale of the day. Watch the early action carefully. If the equity opens below $2.90, we test $2.85 in my opinion, and perhaps the 13 day EMA at around $2.78. An active trader can play this, just remember the nickel that you need to be able to afford to lose as a caution when entering a trade to buy back lower.
WOW, when your right your right Spencer. Looks like it hit 2.80 and is coming back some. Do you have a crystal ball? I have got to start taking advantage of your technical outlook more.
Thanks for the kind words.