SIRI Intraday Thread: Friday March 20th / Weekend Edition

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03-20-2009, 10:51 AM
mogami

Quote:

Originally Posted by EHRTrader

Ohhhh!!!! Is monday the day they announce that huge deal they made with the car company that is doing really well?

Hi, Did you know that with all the new deals on new cars they are actually getting cheaper to buy then many used cars?
9 million new cars a year is below what is required to replace used cars that go kaput so we will not stay at 9 million auto production for very long.
Already some analysts are saying we will need 14 million new cars built by end of 2009. Within a few years it will go to 20 million a year. The longer we go with these reduced production and sales numbers the higher the number required when we come out. (whatever we lose in 2009 we will make up later)
03-20-2009, 10:51 AM
SiriusHope

IMO...the stock is falling the last 2 days because those NEW SPECULATORS (those in last 2 months) that bought in at low teens are scared and greedy and took money off the table...for us who are long time longs (2-5years) investors have built a hard skin and hold for much higher prices.

Greed...Fear and Impatience has taken hold of these new speculators.
03-20-2009, 10:52 AM
sjte5409

Well at least this crappy day helped me lower my average. . . .just bought a little over 17000 shares at .27 to bring me to 76,770 shares at 1.266 pps

And wouldn't you know that as soon as I bought in, SIRI went down even more. . . .ha!

need. . . . .

more. . . . .

money
03-20-2009, 10:55 AM
EHRTrader

expect that i'm one of those day traders and i'm seeing the red! lol
03-20-2009, 10:56 AM
mogami

All I have to say is "Ha" you can't get my money stock market. Mommy took it. Everything I am playing with now is money I took from you (Wall ST) So go ahead and bounce around all you want. I'll be here when you settle down and start going the right direction again.
03-20-2009, 10:57 AM
Sundevil

OK, OK...breathe...Looks like the sellers are thinning out up to about .29...We should see a small rally back to those levels during our daily 1:00pm shift.
Buyers were about half of sellers this morning, now they are about a third...Good sign.
03-20-2009, 10:57 AM
relmor2003

They need more volume. Volume is dropping of now. This is a good thing if institutions are already bought in. To generate volume they can drop it or raise the price when volume dries up....
They lowered in....
Now they will raise it soon. When, as this stock is still under complete MM control, Im not sure. Usually when volume stays stagnant for a couple days, then it will move.
03-20-2009, 10:58 AM
ShotsII

Quote:

Originally Posted by asm610

shotsII,

I just opened my acccount late last night and am having both my stock acount rolled over from my current broker and my 401k (what's left of it)from my last job rolled over to an IRA. Glad to hear you like it...I personally am excited to be switching ovet to Ameritrade as well.

Nice! I still trade with ETrade, but will be changing soon. Opened a TDA acct so that I could evaluate the iPhone app and it has sold me. Just far too useful to be able to track and trade in real time from your cell phone.
(Plus, after I jailbroke my iPhone I put the ENTIRE old school Nintendo entertainment system on it! hahahahahaah MY girlfriend asks to play Dr. Mario every night.)
Anyway, too many uses are out there for the iPhone. "On-the-go stock trading" is just one of them.
03-20-2009, 10:59 AM
SiriusHope

Quote:

Originally Posted by sjte5409

Well at least this crappy day helped me lower my average. . . .just bought a little over 17000 shares at .27 to bring me to 76,770 shares at 1.266 pps

And wouldn't you know that as soon as I bought in, SIRI went down even more. . . .ha!

need. . . . .

more. . . . .

money

GOOD that you bought more to average lower...hang in there for the high pps that is inevitable in next several months. Don't worry about the daily prices now.
03-20-2009, 11:00 AM
Siriusly

Quote:

Originally Posted by sxminvestor

I am disgusted and depressed that I missed the run from .20 to .38 by selling to be cautious and then buying near 40 cents on the fear I would miss more upside. Now I am down with less $ instead of up.

I will sell next only at .60 cents if it moves up dramatically again. I have a feeling I may be waiting a long while for that.

Couple things struck me about what you said:

...buy near 40 cents on the fear I would miss more upside...

1. Decisions made by fear rarely pay off.
2. I hate to say it but that's called chasing the market, my friend. Dangerous game, and often a losing battle.

Sorry to hear about that.
03-20-2009, 11:00 AM
ShotsII

Quote:

Originally Posted by ShotsII

Nice! I still trade with ETrade, but will be changing soon. Opened a TDA acct so that I could evaluate the iPhone app and it has sold me. Just far too useful to be able to track and trade in real time from your cell phone.
(Plus, after I jailbroke my iPhone I put the ENTIRE old school Nintendo entertainment system on it! hahahahahaah MY girlfriend asks to play Dr. Mario every night.)
Anyway, too many uses are out there for the iPhone. "On-the-go stock trading" is just one of them.

Uh... that sounds bad.....
She doesnt ask to play Dr. Mario EVERY night....
LOL
03-20-2009, 11:00 AM
mogami

Quote:

Originally Posted by Sundevil

OK, OK...breathe...Looks like the sellers are thinning out up to about .29...We should see a small rally back to those levels during our daily 1:00pm shift.
Buyers were about half of sellers this morning, now they are about a third...Good sign.

Except the MM's can pull sellers by the bucket load out of their butts and throw lower asks up all day long. (like yesterday for example)
03-20-2009, 11:01 AM
jmm232

Quote:

Originally Posted by ShotsII

Have you guys seen the new iStockManager application for iPhone by TDAmeritrade? I updated go the lastest version last night. It run in teal time now EVEN in AH trading!!! Plus it has tv ask and bid on it. Don't have Level II access on my account yet so I can't comment on it, but there is a tab that says Level II so I bet it rocks.
Just a few more reasons to choose TDA over the other guys.
Have a great day all.

You can see some Level II, but not NASDAQ unless you have the service. Works pretty well, but tends to crash
03-20-2009, 11:02 AM
jmm232

Quote:

Originally Posted by trippingthespeculatingpos

we need maffei on cnbc every 2 weeks

Insiders need to step up and start buying some shares.
03-20-2009, 11:03 AM
bdp

What gives is the same crap that has always plagued this stock. The manipulation of this stock is being executed by those who know and care nothing for this company. To them Sirius XM is a place to easily drain the life out of. Trading of Siri shares has long since had anything to do with the merit of the company. It is all about gambling with the emotions of the inexperienced investor Letting the sp rise made it appear that the shorts were gone, however this was just a reload. If the uptick rule is not reinstated and if the SEC does not step in, Sirius will again be trading in the teens or less before the reverse split becomes an avenue of no choice and then we will be in a far bigger mess. At the current rate, I would say that we will close around .29 today and open at .27 or less on Monday. It is going to be a bummer to watch all of us holding long positions get once again stomped upon.I was tempted to cash out at .40, but let my emotional hope and greed override my logical brain. Very difficult not to liquidate right now even, but the manipulators are banking on this and so the sp drops.
03-20-2009, 11:03 AM
dmo2424

Tyler posted an analyst upgrade in "News" on the front page of SiriusBuzz with short term .50 cent price target and long term $1.25. We'll see if that helps any and may trigger more upgrades as well. Is this Miller Tabak guy reputable?

Whoever says us longs have thick skin I think is right. I actually in a way feel like my upbringing as a diehard Red Sox fan (long long before they won their world series) has led me to almost expect the negativity and fatalism that comes with SIRI. But like the Red Sox winning (2!) championships, our day with SIRI will come! hopefully not the equivalent of 86 years the sox had to wait :)

but good news on the analyst upgrades, no?
03-20-2009, 11:04 AM
EHRTrader

yeah...i optimistically see a rise today to .288-.293 and within a week maybe holding steady .298-.323
03-20-2009, 11:05 AM
Lithium24

Quote:

Originally Posted by SiriusHope

IMO...the stock is falling the last 2 days because those NEW SPECULATORS (those in last 2 months) that bought in at low teens are scared and greedy and took money off the table...for us who are long time longs (2-5years) investors have built a hard skin and hold for much higher prices.

Greed...Fear and Impatience has taken hold of these new speculators.

I wish I was one of those that sold. I could have pocketed 6k and not lost my position. The fact is Im still up 6k and not selling a single share to those bastard MM's. F@$# THEM!:cool:
03-20-2009, 11:06 AM
ShotsII

Quote:

Originally Posted by jmm232

You can see some Level II, but not NASDAQ unless you have the service. Works pretty well, but tends to crash

THx for the extra info JMM.
Oh, plus the share price reads out to 4-decimels for SIRI. I'm sure you'll be able to trade to 4Ds also.
03-20-2009, 11:06 AM
bananaz

Quote:

Originally Posted by SiriuslyLong

OK, WTF? Can anyone explain why SIRI is taking on water yesterday and today? Have "people" run it up only to sell and take a profit like it's some kind of game?

Christ - this is getting me pissed. This company has value, and I love the product. What flippen gives?

It isn't the company. It is the eternal battle between longs (everyone except MMs, it seems) and shorts (MMs). It will stutter-step upward this year. Don't let the minute-by-minute action worry you. Use this as a buying opportunity.

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