SIRI Intraday Thread: Friday, March 27th

Printable View

Show 20 post(s) from this thread on one page

03-27-2009, 08:23 AM
underway

Quote:

Originally Posted by JohnnyIrishXM

...wearing my tighty whitey's instead of boxers to get the feel of the shorts in desperation...LOL....

TMI Johnny...TMI.......LOL!
Now, any women who would like to share.....but tell us slowly...very slowly...
LOL!!!

have a good day!
03-27-2009, 08:26 AM
Beach Gambler

Quote:

Originally Posted by Brandon Matthews

Today may be a buy day.

Johnson Controls To Close 10 Plants; Cuts Auto Outlook
Last update: 3/27/2009 7:47:24 AM

DOW JONES NEWSWIRES
Johnson Controls Inc. (JCI) announced its second broad-based restructuring in six months and again cut its expectations for North American and European auto production.
The company, which is one of the world's largest makers of components for automobile interiors and a manufacturer of heating and air-conditioning systems, said Friday it will close 10 plants and eliminate an undisclosed amount of jobs. The effort will be focused in the auto-parts segment.
The move, which Johnson Controls said is in response to auto production slumping to a 27-year low on an annualized basis.
The company now sees North American auto production this year of 8.8 million units, down 500,000 from its December estimate, while it cut its European forecast another 12% to 14.3 million units.
Chairman and Chief Executive Stephen Roell said Johnson Controls doesn't expect a near-term recovery in its markets, but he said the company intends to gain further market share while improving margins.
The restructuring, 80% of which will be in the auto-parts business, will result in a roughly $200 million charge for the fiscal second quarter ending Tuesday. Despite the woes, Johnson Controls said the segment will still be profitable in the third and fourth quarters.
Some cutbacks will also take place in Johnson Control's auto-battery business.
As for the restructuring announced in September, the company said Friday it is ahead of schedule and nearly two-thirds complete. The effort will boost the bottom line starting in the fiscal third quarter and increase it by some 25 cents a share in the fiscal year starting Oct. 1.
Housing and autos have been among the industries hurt most both during and before the recession, threatening Johnson Control's investment-grade credit ratings. The company earlier this month announced plans to sell $750 million of convertible notes and equity units to pay short-term debt.
Shares closed Thursday at $12.90 and were inactive premarket. The stock has lost nearly two-thirds of its value over the past six months.
-By Kevin Kingsbury, Dow Jones Newswires; 201-938-2136; kevin.kingsbury@dowjones.com
(END) Dow Jones Newswires

GM Is up in pre market
03-27-2009, 08:27 AM
relmor2003

Im buying if it break .42. When days lows hit, might load up past core position for Monday. Further it falls today, more Ill buy. Depends. Lets see what happens.
03-27-2009, 08:31 AM
cos1000

Quote:

Originally Posted by Beach Gambler

GM Is up in pre market

That's because the Gov. might give GM another 30 days to present their restructuring plan......
03-27-2009, 08:31 AM
Brandon Matthews

Quote:

Originally Posted by relmor2003

Im buying if it break .42. When days lows hit, might load up past core position for Monday. Further it falls today, more Ill buy. Depends. Lets see what happens.

It could still go either way at this point. On the positive side, there are a lot of nervous shorts out there at .37 and lower. The Obama auto bailout news should begin to trickle out, which may have a trickle down effect on siri.

On the negative side, auto sales for March are getting some negative press, which by my own admission may already be discounted. I'm going to eat, shower and get ready for the open.
03-27-2009, 08:33 AM
Beach Gambler

Quote:

Originally Posted by Brandon Matthews

It could still go either way at this point. On the positive side, there are a lot of nervous shorts out there at .37 and lower. The Obama auto bailout news should begin to trickle out, which may have a trickle down effect on siri.

On the negative side, auto sales for March are getting some negative press, which by my own admission may already be discounted. I'm going to eat, shower and get ready for the open.

I see you grew some of your hair back
03-27-2009, 08:34 AM
Beach Gambler

Quote:

Originally Posted by cos1000

That's because the Gov. might give GM another 30 days to present their restructuring plan......

OK That is nice picture.
03-27-2009, 08:35 AM
relmor2003

Quote:

Originally Posted by Brandon Matthews

It could still go either way at this point. On the positive side, there are a lot of nervous shorts out there at .37 and lower. The Obama auto bailout news should begin to trickle out, which may have a trickle down effect on siri.

On the negative side, auto sales for March are getting some negative press, which by my own admission may already be discounted. I'm going to eat, shower and get ready for the open.

I really think everyone pretty much assumes their terrible. If they didnt, their dumb or naive.:D Large blocks up in premarket. Trying to start as low as possible on open maybe.
03-27-2009, 08:35 AM
cos1000

U.S. may give General Motors another 30 days to restructure
8:03a ET March 27, 2009 (MarketWatch) NEW YORK (MarketWatch) -- General Motors Corp. isn't likely to reach a government-set March 31 restructuring deadline in order to receive more taxpayer help, but President Barack Obama's auto-industry task force looks willing to extend the deadline by 30 days, according to a Friday story in the Wall Street Journal, citing people briefed on the matter. Shares of GM jumped 13% to $3.85 each in premarket trading. The newspaper said GM is facing a stalemate with its bondholders over receiving deeper concessions. Under terms of its government loans, GM is expected to cut its unsecured debt by two-thirds by offering a debt-for-equity exchange. The company is also having trouble restructuring employee benefit plans with its worker union.
03-27-2009, 08:59 AM
mogami

my head hurts
03-27-2009, 09:00 AM
chez41

Long time reader of the forum. All of you have helped me become a better trader over the last few months... so THANK YOU to all. I had a question for Mogami... he mentioned HAYZ and CNR yesterday using tools from TD Ameritrade... just wondering where he found the target price for those two stocks because they were dead on... I use TDA but never saw that feature... anyone have a clue?
03-27-2009, 09:06 AM
Brandon Matthews

They put in a floor at .37 and a ceiling at .39. I think I'll go do some work today and let the chips fall (or rise) where they may.
03-27-2009, 09:08 AM
mogami

Quote:

Originally Posted by chez41

Long time reader of the forum. All of you have helped me become a better trader over the last few months... so THANK YOU to all. I had a question for Mogami... he mentioned HAYZ and CNR yesterday using tools from TD Ameritrade... just wondering where he found the target price for those two stocks because they were dead on... I use TDA but never saw that feature... anyone have a clue?

Hi, I set the target prices myself. I only buy those stocks for the day. I look to make at least 100 after taxes and commissions. So target price=100/# of shares. Then I find a stock that I think will increase enough that day to get me there.

CNR example
I only had 150
CNR was @.056
I could buy 2500 shares
100/2500=.04 increase required
after looking at CNR I felt it could go up at least .04 so I set target at .101
I sold at .0909 at end of day. A little short but oh well.

My standard criteria is a SP that allows me to buy 5000 shares. Then all I need is .02 increase for the day. I do not rush to sell but once I have that increase in hand I keep a close watch. If I don't get the increase I will hold for another day. I am going to sell the HAYZ today because it didn't make my target yesterday. (It would have if I had not been so tricky while trying to buy it and allowing price to go up .04 while I screwed around)
03-27-2009, 09:11 AM
john

Quote:

Originally Posted by Beach Gambler

OK That is nice picture.

I am still wondering when cos1000 is going to get the popcorn and drinks out. Isn't that the proper thing to do for these slide shows. Lets see first it was the great gre....grand kids now we are on to the vacation ones.
03-27-2009, 09:15 AM
chez41

Thanks Mogami... I have been trying to do the same for a $140 net. Missed the move on CNR yesterday. I'll be watching more closely at your advice in the future. Started toying with Market Motion Detector yesterday... pretty cool tool.
03-27-2009, 09:17 AM
Demian

That pop up survey crap is starting to get really annoying.......too intrusive!
03-27-2009, 09:18 AM
dmo2424

Quote:

Originally Posted by Brandon Matthews

They put in a floor at .37 and a ceiling at .39. I think I'll go do some work today and let the chips fall (or rise) where they may.

Brandon what about the major short squeeze you were predicting last night? I'm not holding you to it but was curious why you haven't mentioned it?
03-27-2009, 09:20 AM
mogami

Quote:

Originally Posted by chez41

Thanks Mogami... I have been trying to do the same for a $140 net. Missed the move on CNR yesterday. I'll be watching more closely at your advice in the future. Started toying with Market Motion Detector yesterday... pretty cool tool.

I like the motion detector too. But HAYZ was in it all day and it was not moving. Detector must detect spinning.
03-27-2009, 09:22 AM
Demian

http://quote.barchart.com/texpert.asp?sym=SIRI

SIRI - SIRIUS XM RADIO INC. (NASDAQ)

Composite Indicator
Trend Spotter TM Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 67854930

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 76532867

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Hold

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 62173828

Overall Average: 88% - Buy

Price Support Pivot Point Resistance
0.39 0.34 0.38 0.42
03-27-2009, 09:25 AM
Brandon Matthews

Quote:

Originally Posted by dmo2424

Brandon what about the major short squeeze you were predicting last night? I'm not holding you to it but was curious why you haven't mentioned it?

I mentioned it a few posts back. The MM's seem to have a pissing match going on right now. Almost seems as if the NAS is going to let them cover below .38. (remember I said they went short at .37)

Auto sales data for March won't help. Some may wait to see if it pulls back on that news.

Show 20 post(s) from this thread on one page