SIRI Intraday Thread: Friday March 20th / Weekend Edition

Brandon,
I asked a question earlier that no is responding to.

I cant say I blame them. I enabled the bickering. Unfortunately followed me jumping to these forum pages. But I have really been trying here to get away from it.

Anyway Since it is related to your article could you answer it please

"Tayler posted an analyst upgrade in "News" on the front page of SiriusBuzz with short term .50 cent price target and long term $1.25."
My short term(1 year) is more like .86 long term I just dont know

1. What is the definition that is used by these analyts for short-term vs long-term?
if it fits mine then I am with relmor .. this is not a good report.

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Originally Posted by Demian

The take down to .22 filled that morning gap up though which technically is important to some.......

You are right about the spike down to .22 not meaning as much, but I do think that it finding support at .25 is significant. Technically, we are still in a downtrend from .43 until we start breaking out above the trendline.....some resistance around .30. I still think SIRI closes over .30 today....

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agreed...:sunny:

unnecessary comment removed

Please guys this is annoying find your happy place.

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Originally Posted by RickF

Demian - Would the "demand" - Buyers have to increase substatially to make this hit .30 by day end?? Right now level 2 shows 4342 sellers & 2949 buyers (if i am reading correctly) so - no real push for demand and lots of supply.

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RickF...

Just my .02 on your question...you have to remember that L2 is a good indicator of the general picture (at any given short-term time window). Certain shifts in sentiment can be gleaned by suble moves in MM position (up or down) or where suport and resistance may be setting up during either slow or very extreme conditons. But when a stock is heavily in play, L2 can be worthless because you never know when either big money releases an order or shorts decide to begin covering (as we just saw last and this week). Then, MM's will just change their positions on a dime to acommodate the heavier order flow.

And, thanks for your kind remarks from yesterday. That thread was closed so I couldn't respond...Happy to try to help :D

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Originally Posted by sl62

Para...

You've had some solid input on the SP. Remember, we said days ago that when a stock is "in play" it is subject to heavy volitility (both ways). It's a battle royal. When buyers pull back, shorts regain control and on a thin V, they can pounce (like last 2 days). BUT. They also know the rules of the game have changes. No longer will they be shorting leg after leg after leg down. NOw they hyave opposition which makes them jumpy too to cover and lock in short-term gains. They held the .43 fort well. That was the exact same fort they held in late October on that Limit Down morning. We bounced from .21 in Pre to .44 and they stoned it there. Almost identical to this time. This high was .435. They won't be able to hold that positon next time however now that we pulled back first without going higher.

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I appreciate the feedback - I'm still trying to work it all out logically - and it is starting to make sense....

I figured we'd have a pullback - what I didn't expect was how FAR we'd drop. Based on the comments by you/brandon today - I'm more comfortable with my overall plan. Once uptick rule reinstatement hits - it's a new ballgame anyway.

My hardest thing to do with SIRI is predict when a downturn is imminent... but then again I've only been playing with SIRI for under a year while some of you have watched the patterns over 4+

My only real regret this time around is that I didn't catch the top at .43 or even .40 - but that is my own fault. I originally planned to sell a block at .40 but let myself get caught up in the velocity of the rise (and i got greedy)

Same damn thing happend to me not long ago with UXG - of course I was foolish enough to put in a sell order at 3.00 and it hit 2.99 - not sure what I was thinking there....

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Originally Posted by Brandon Matthews

I've got about 10 minutes before my private tour of Sirius XM HQ's.

About that sudden drop yesterday, my opinion on the matter is as follows:

There was a certain SEC filing issued by the company recently that gave notice that certain stockholders would sell from time to time. These types of drops are usually indicative of such transactions as a large number of shares are offered for sale all at once.

I saw a reference that 1 person had been responsible for that drop. More likely than not, this is what occurred.

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Good point Brandon...so many sides to this to keep track of...

John - quick question - how low do you think we'll drop before the trend turns back up...?

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Originally Posted by sl62

RickF...

Just my .02 on your question...you have to remember that L2 is a good indicator of the general picture (at any given short-term time window). Certain shifts in sentiment can be gleaned by suble moves in MM position (up or down) or where suport and resistance may be setting up during either slow or very extreme conditons. But when a stock is heavily in play, L2 can be worthless because you never know when either big money releases an order or shorts decide to begin covering (as we just saw last and this week). Then, MM's will just change their positions on a dime to acommodate the heavier order flow.

And, thanks for your kind remarks from yesterday. That thread was closed so I couldn't respond...Happy to try to help :D

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SL - Thanks for the info! So, my hope of getting my order filled 1600 @ .25 is unlikely. (and i am not sure that i really do hope it gets filled - ave right now is .40) I kinda thought that the supply / demand thing might indicate a lower end to the day??? Man - just when you think you are learning something you realize just how much you do not know!!! Again - Thanks my friend!

I've read some time back that if you have a margin account, that brokers (online or otherwise) have the ability to borrow your shares to short. I had a margin account on mine, that, like putting in stop losses, has not been of any benefit to me (that's putting it mildly). So, went ahead an called my online broker this morning and got margin removed. The person I spoke to said it would be probably 2 business days before it would be removed. I don't know if that action helps even a little, but it can't hurt.