SIRIUS Intraday Thread Friday and Weekend May 8th 2009

Welp, I'm seeing almost 3 million shares wanting to buy @ .40 I hope we don't fall below that

I held during the last two weeks when the pps went up and didin't sell but this morning for some reason, i said to hell with it and sold it all...........

hang aroud 0.41 for so long, couldn't wait, jumped in for 6000 shares.

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Originally Posted by mrmertz

The huge sell off not long after the opening bell...when it dumped momentarily to .40...was this a whole bunch of shorts seeing it begin to plateau once more and taking in the days high profit or was it a few individuals with huge blocks selling off?

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I think it was a few *very large* short positions being unwound. I have no proof, but the more I look at the whole picture, I am led back to this conclusion.

IMHO. DYODD.

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Originally Posted by Jworld

I held during the last two weeks when the pps went up and didin't sell but this morning for some reason, i said to hell with it and sold it all...........

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Why do that? Anybody who has followed this stock for any period of time can see where it has been, where it should be, and where it will be.

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Originally Posted by GoHerdGreg

Why do that? Anybody who has followed this stock for any period of time can see where it has been, where it should be, and where it will be.

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I agree but from a emotional standpoint, i had to do it..............

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Originally Posted by Jworld

I agree but from a emotional standpoint, i had to do it..............

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Remember. Always make decisions with your head, not your heart. No role for emotions in this game.

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Originally Posted by toxdoc

Remember. Always make decisions with your head, not your heart. No role for emotions in this game.

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I understand what you are saying but my heart says this stock will go down before it goes up........


Buying opportunity????????????

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Originally Posted by Jworld

I agree but from a emotional standpoint, i had to do it..............

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Hopefully you booked a profit at least,nothing wrong with that if you can't sleep worried about an investment..

And what I was thinking (about a large short position being liquidated) yesterday is backed up by the ONLY poster on the Yazoo boards, Streetinsider, here:
http://messages.finance.yahoo.com/Bu...67&mid=4249167

He knows more about this stuff than I ever will. It's good to see someone else thinks this.