SIRI Intraday Thread: Thursday April 16

because they're waiting on an email from ISEG, to let them know which one to use. :p

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Originally Posted by stang3O2

scottrade shows a close at .409 volume at 67,930,100

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Ii looks like we have hit the same resistance at .42 that we hit last time this stock made a big move.


I hope it can get over and hold by end of tomorrow.

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Originally Posted by sxminvestor

Ii looks like we have hit the same resistance at .42 that we hit last time this stock made a big move.


I hope it can get over and hold by end of tomorrow.

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True, but this is the first close over .40 cents since the surge. Very bullish. Shooting star pattern.

very bullish? shooting star pattern? these are words that sound like fun

Rel, can you define/describe the "shooting star" pattern and let us know what to expect from it? Thanks!

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Originally Posted by MLSiri

Rel, can you define/describe the "shooting star" pattern and let us know what to expect from it? Thanks!

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I apologize. Its not a shooting star pattern. There was no gap. Not that I can see.
Its a very bullish pattern though. Hold on, I am posting a chart.

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Originally Posted by relmor2003

Tomorrow may validate why it may have been wise to hold all shares today, and not sell any. Wasnt impressed with their late day take down attempt. .42 cents broke, but held for the close(all that really matters). But we are in excellent shape for taking that out tomorrow. Going to be a hard stock for people to ignore tomorrow.
1. Market sentiment is up more than its been in months.
2. Sirius banked two up days in a row.
3. Quarter report is not far off.
4. TA is extrememly bullish(we have a breakout, shooting star formation).
5. Triangle pattern has been solved. That break out that should of happened last Friday(GM news...) just occured. It needed a bit more news to break it(s&p upgrade). Now Sirius should release tomorrow something positive, anything!!! That would be nice :)
6. Auto sales are improving.
7. People are buying stocks again(biggest losers will be bought first, then the strongest companies). Spec stocks may be on peoples watchlists again. :)

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relmore..think you may be spot on..almost sold on the nudge over .42, decided to wait at least one more day..gl to all:)

I thought today might have gapped, but it didnt. It closed at .38 yesterday, and opened today around .39 and filled down briefly for a low of .381(I wouldnt exactly call that a gap). If it stayed at .39, and didnt fill, then it would have been a shooting star, and todays candle would be called a star. A shooting star,used for a gap up only. I apologize, not what happened here. Just a very bullish pattern. Not to mention you cant have a shooting star without a gap, and I dont consider .001 cent much of a gap.
Regardless its a breakout past resistance, and has solved the triangle pattern. All very medium and longer term bullish. Short term its bullish, just remember, this stock is heavily manipulated, and sometimes the clearest stock charts dont tell the story. Breaking .40 cents with ISEG doing everything they could to make sure it didnt happen is another story as well. But were still so close to .41, that anything is still on the table. Sometimes stocks will have whats called a "false breakout". But those are usually off no news. I dont believe thats what we saw today.

.42 is still the true resistance line. All we did was remove a resistance point that was made by ISEG.(.40) They drew that line at .40. .42 is the real resistance. But a close so close, and breaking it briefly is bullish for tomorrow. A close over .38(yesterday), actually broke us out of the triangle pattern, which was bullish for today. A close over .40 is bullish for tomorrow.

http://quote.barchart.com/texpert.as...siri&code=BSTK

they say .45 is the resistance at this site.