did anyone else catch that crap at the close?
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did anyone else catch that crap at the close?
They did everything they could to hold it at .34. They kept throwing up 1k shares at .3339, the ask at the close was .35 and went completely ignored.
Regardless, I'd say we were fortunate today.
Today was still a good SIRI day, we're maintaining our gradual up trend!
Ya , that was crap. Basically closed at .345. Down 2.4 cents for the day. Rebounded off a brief .31 cent kiss, and found support fully at .32, which traders also rejected quickly, and moved to .33 cent support. .34 tried to be taken all day, but ISEG said no, not right now. There you go. Now we have to work back into the upper end of this channel again, and retest .40 cents. Channel is still in play, and Im sorry the break was down, but after the GM news and the market tanking, its just bad luck(I assume, or was it all planned...Hmmmmmm :D). A big buyer Friday(no balls) would have been enough, but they were all waiting to see what Obama did with GM on Monday. If it would have been taken as better news(still not convinced its bad news at all) then we would be wondering if .42 cents was going to hold as support right now, instead of when we will be back to test .42 again. Such is the way of SiriusXM. Charts were no longer going to be valid at holding that triangle pattern after today, so a break was expected, and occured. It rebounded nicely to trade back within that range. Going forward, we should begin tracing back up again. Upchannel(as I stated was more important and superceded the importance of the triangle formation) is still valid, and in play.