Historically, it seems like it takes about 6 trading days after a CC to bottom out. I'm going to see where the sp is at the end of the week before I buy more.Quote:
Originally Posted by dm_4
Historically, it seems like it takes about 6 trading days after a CC to bottom out. I'm going to see where the sp is at the end of the week before I buy more.Quote:
Originally Posted by dm_4
You didn't get any when it hit $4.88 today?
Quote:
Originally Posted by bdp.
Unfortunately no. I did pull the trigger on a tiny 1000 shares though. Hopefully the SP rises from here. I think I may have bought too high otherwise. (Bought a sizable block on Friday at 4.96) Keeping my fingers crossed that this doesn't backfire on me!Quote:
Originally Posted by midas360
You will be ok. You can always avg down more if it decides to drop further. I can't believe no one has gone after Sirius XM. This is the perfect environment for M&A activity.
Quote:
Originally Posted by bdp.
M&A activity would/should pick up when Trumps repatriation of overseas money occursQuote:
Originally Posted by midas360
What do you guys think? Everyone scrambling- at the last minute- to cover their margin calls, thinking we were going to get a pop after the C/C???
I could not agree more. I hope SIRI is part of a deal soon.
Quote:
Originally Posted by SN38
Here is why I think we are down. Not a good sign right now. May explain todays dip.
Auto Makers Report Steep Sales Declines in April The slowdowns raise the prospect that car companies may need to curtail production By Adrienne Roberts Updated May 2, 2017 10:28 a.m. ET Detroit’s auto makers signaled the U.S. auto industry’s hot streak is rapidly cooling, reporting steep declines that include sluggish demand for the trucks and SUVs that have fueled record profits for domestic players.
General Motors Co. and Ford Motor Co. reported declines in April of 5.8% and 7.1% respectively compared with the same month last year. The slowdowns are sharper than expected.
Quote:
Originally Posted by SlapShot27
A .20 drop for SIRI is a lot. 4.77 now, was 5.40 a couple weeks ago
I believe you're spot on!Quote:
Originally Posted by midas360
That should leave us trading sideways for the quarter.
“After an overheated close to 2016 and the increased likelihood of deregulation and fiscal stimulus from the Trump administration driving the economy higher, we now expect 2017 to be another record year in U.S. auto sales," said Jeff Schuster, head of forecasting at LMC Automotive.
"While there are many variables to consider this year, one area of caution is the large number of lease maturities repopulating the used-car market," he said. "It creates demand for a vehicle, but also more used-vehicle options to compete with the new-vehicle market.”
Ok....I picked up 2k shares yesterday and 2k more today. 4.90 is my cost basis....not a lot granted but enough in case some good news should pop this stock. Saving some powder incase they pull one of their elevator drops of another .30 cents like they use to back in the day. Do not forget a month or two ago we were trading 5.60s so picking some up here is a safe play.
Now also bought LQMT and it is up nicely since i first mentioned it at the .21 level....currently own 100,000 shares having had picked up 50,000k more today.
Correction: Also....i currently own 36k of ROX...picked up another 20k today not 15k as i had previously stated.
Good luck all.
Gives everyone a good opportunity to pick up some cheaper shares. We just need to keep an eye on auto sales.
Quote:
Originally Posted by bdp.
I believe we may have bottomed. If my "6 days after Earnings" theory is correct, we will see the sp increase from here.
snapshot of my ROX and LQMT holdings...as you can see all green with much more to go! Good luck all.
Attachment 1722
Did you add some shares here? I think you are right about this.
Quote:
Originally Posted by bdp.
Last shares I picked up yesterday at 4.79 which completely tapped me out. I am now margined to the hilt. No longer investing, but gambling.Quote:
Originally Posted by midas360
HAHA... good luck man! I hope you make a killing. :)
Quote:
Originally Posted by bdp.
ROX going to 2+ get in now.