SIRI Daily Thread 2/26/13 - futures look bleak

I never started a thread before, and I have no idea what a Sticky is, or how to so designate my post if appropriate.

U.S. Futures are up marginally while all other worldly indices are down significantly. I think that might mean we will have a difficult time staying in the Green today. GLTA.

PS. If anyone knows how to edit my title to include "SIRI daily thread", then I welcome your assist.

Today is a happy and sad day for me. Dow is up 80ish, MJNA is up 2+ cents, but SIRI is down 5 cents. It's definitely looking like the 2.92 gap is going to fill so I'm beginning to think about putting a buy in at 2.93. Is that the plan for alot of you others as well?

GM all BTW.
David

Sirius is looking a little anemic and lost. Something is going on. I like Yoda's logic in that it could be filling the 2.92 gap.

Just another thought... SIRI gapped down this morning and in theory should fill it. Anyone playing today's gap?

David

I'm cashing out. I might be tempted in the low $2.90s but that also depends on the larger market too.

When's Meyers speaking?

12:30 eastern

I like Meyer's confident communication.....doing a bang up job......very detailed.......better sounding than MEL

EDIT: Sorry Mel:o

I agree. He handles this much better.

Mr Meyer"s did a great job speaking today. I enjoyed listening to him so much more than Mel.

At work and can't listen.......Anything new to note about what Meyer said other than he sounds better than Mel?

Any news, can't listen right now?

Nah, not really. Nothing unexpected at least.

SIRI pierced through my lower trend line and bounced nicely.

Attachment 890

Which also so happens to be the mid point of the BB ish on the Weekly chart....and or the 18 sma ish on the Weekly

Attachment 891

Seems to be nice support in that area based on the last couple of hits. If it breaks through though...looks like the correction could be a bit longer and lower.

I keep saying I have lost confidence in SIRI............ or at least I don't envision double-digit pops as in the past, and considering the softness in price lately, I'm sighing a sigh of relief to be all out but for a few thousand shares.......... 90% cash for now, waiting for market stability and opportunity to get back in, but probably not as heavy into SIRI.

I am 60% out. I owned too many SIRI shares anyway.

Quote:

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Originally Posted by SiriusBuzz

I am 60% out. I owned too many SIRI shares anyway.

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I hear you Charles. I'm thankful for this little wake up call of late...... It caused me to recognize that SIRI was about 80% of my total portfolio. Thank goodness I've been able to pare down gradually to 15% without too much pain (picked up decent profits from the likes of FSLR, DDD, AMT, SBUX, and others) while SIRI was declining................... And then, ironically I've had to stop out of those money makers in order to salvage my gains. While I'm not eager to shed my cash, I will be looking for new opportunity to pounce on when time is right.

Here is a replay of the Sirius XM Conference call from this morning for those that missed it.

http://cc.talkpoint.com/morg007/0225...ity=12_LX0D7D0

The guys in chat posted the link. You just have to register to listen. Hope this helps.

I hear ya. I have more cash than stocks right now. I hate being in cash but I am determined to jump back in on a pullback or, if I'm wrong about a pullback, sniff out an entirely new opportunity.

I was able to snag a few this morning at 2.99. Just sold it all at 2.09... I think that we will surely see that 2.91 gap fill. It great to see sirius finally moving again.