The odds are low i would say ... .69 I think will hold for sure. Good possibility that .72 will hold as well. That is where I would look to add if I wasn't already all in with my spec stock money.Quote:
Originally Posted by Havakasha
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The odds are low i would say ... .69 I think will hold for sure. Good possibility that .72 will hold as well. That is where I would look to add if I wasn't already all in with my spec stock money.Quote:
Originally Posted by Havakasha
The chances of it going back to .68 are very good. Look at todays action, if we go out on a downer I would have nailed the head fake, no? FAZ bounced off 19ish a few times and now look at it was up to 19.90...same day..nice pop..in and out. As for SIRI, come on man! Wasn't it up 10% today at one point? If the move up was so obvious, was the retreat unthinkable, shawshank? I stand by my strategy, shave shares, especially when the moves come so fast and so steep. Would it not have been nice to realize a gain this morning and pick off the same shares in the red this afternoon? If the entire market finishes weak we might be in the .7s by days end. I am a big fan of protecting gains, most on here think the end game will justify not cashing out, I disagree respectfully. Good Luck, god knows we need it in this inflated economy and market.
Big Ben
It was bound to come back down after a huge 4 day move but i am not a trader as i told you. Congratulations on your short at 87. This is no doubt a great stock to trade. I prefer to wait for the longer term. Lets see where it is in the next months or a year from now.Quote:
Originally Posted by Big Ben
Some goof ball on CNBC just said his firm thinks the SP500 index will be 1250-1300 by spring. Wow how disconnected is this firm, I am glad I control my own money, I don't trust Hedges or Mutuals funds anymore.
This might sound crazy but we could see dow 9999 by days end, once the 10 handle is broken lookout...the exits are going to get tight. Does anyone give credence to the GDP number, I hope not, 2/3 of it is inventory shifts/gov stimulus. We are sliding and sliding fast. Get to cash...its coming in the air tonight.
Big Ben
Sold 200 shares of FXP, up 16% in the short term, I will use this money to wait on FAZ...when it gets anywhere near 19 I will pick off 100 shares. My average cost per share on FAZ is 21.5. The markets are cooling off, its time to take a short position and make money on the ride down. Good luck, I would not post this horse dung if it was not working.
Big Ben
Jan was really bad, get to cash.
I agree with you in general. But some of us longs dont need to play with our SIRI shares.Quote:
Originally Posted by Big Ben
besides I think you will be surprised how resilient SIRI wil be in a market slide.
And SXM just closed UP 2 cents. Up is good for me. I just had to say that. :)
Did you sell your short yet Ben?
I see nothing but good news and a positive public environment up to the CC. I will just wait it out.The CC will give us the overall future short term direction, but also keep an eye on any moves Liberty makes for crossover synergies which could impact the sp.
imho
vaporgold
Anyone looking to go short, FAZ and FXP are trending down, slow steady decrease, actually kind of pretty, but anyway...last week FAZ hit resistance before 19 and spiked to 20ish extremely fast. I am picking off 100 today as low as I can. Good luck, FXP in my vHO is a screaming buy anywhere under 11. Good luck happy hunting.
Big Ben
I am watching some charts and everything appears to be holding steady, but I would watch if today ends red. Asia was flat to down, Europe is flat to up, if we open up and finish down, we should carry Europe down in their pm session. This in turn could lead to a rocky open in China/Aus tonight. Just a guess but I have been watching this trend for quite sometime. Good luck.
Big Ben
Ben,
You did short SXM at 87 correct? If so did you sell it on Friday?
We ended the day up 4.5%, not bad for dead money.....
It's beginning to look like the dollar mark may be coming very soon.
With the economy starting to pick up. Imagine how good the subscriber growth will be, considering how good it was during the recession. We should see some profit taking as we climb out of the pennies, but I think we're going to do it!
Congratulations to all of you longs!
Yes congratulations to all us longs.
Some dead money Ben. :)
However fast and high its gone, we obviously cant expect it to simply go up in the future. its come a long way in a short time and im wondering when it will retrench even if only temporarily. Who thinks that will occur before it hits $1?
Candleman did you buy any shares back that you sold or are you just satisfied with the profit you made and riding with the rest?
Latest News Headlines for Sirius XM Radio Inc
Moody's Cites Continued Expected Improvement In Sirius' Oper Results
1 minutes ago - T
Moody's Boosts Sirius XM's SGL Rtg To SGL-2 From SGL-3
2 minutes ago - T
Moody's Boosts Sirius XM's PDR To B3 From Caa3
2 minutes ago - T
Moody's Boosts Sirius XM's CFR To Caa1 From Ca
3 minutes ago - T
Moody's: About $2.3B Of Sirius XM Debt Instruments Affected
3 minutes ago - T
I know its good news but can you explain why in some detail? For instance will this allow SXM to lower the interest rate they have to pay on their debt from 2013 and 2014.
Thanks!
I sold at a good price. I'll buy back in if it drops back by 20%. I only sold about 15% of my holdings in the company, so I still have a lot of shares. I wanted to lock in some profits and take them out of the market. We're expanding our business this year and I needed some cash to fund the expansion.Quote:
Originally Posted by Havakasha
Congrats to all, now quit patting yourself on the back and sell some shares before this pig falls out of the sky back to .59. LOL. The other day I bought 2500 at .875, not short. I will move these shares today if siri goes back to the .93. I am actually glad to be wrong for a change. Move some shares before the party is over.
Big Ben
Hey Ben, it takes a big man to say that. Thank you for being up front.Quote:
Originally Posted by Big Ben
I agree, sell some shares, take the money off the table. There will be another buy in point coming soon.
I just sold my lot of 2500 at .914, I will be looking for the buy in point as well. I do feel a pull back is on the horizon and should take the entire market into the red 3-5% at least. If siri is out of the woods this could be the pull back that would allow a nice entry point, I will look to get back to 10k in shares, for trading purposes, I will wait out the reverse to actually go long in the stock. Good luck
Big Ben
Market is turning and the shorts are picking up steam in volume, FAZ, Fxp are both nice buy in points, if the market continues to be red today these will move a nice %, by days end. The action is pretty fast today, be careful if your moving and shaking. The bears don't have control yet, and the bulls don't want the party to end.