SIRI Monthly Thread August 2015

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08-25-2015, 01:13 PM
dm_4

Quote:

Originally Posted by denco1

As far as the BS drop is concerned..it was market wide as many other stocks did the same. When I left home the bid/ask was in the 3.62/63 range and had been there for most of PM. When I got to my office right before the open they dropped it like a rock down to the 3.33 area.....BS. Nice op though. Hopefully it is not an indication of where we are going eventually...that would not be fun....as a long. For Midas.......boat loads of fun:out:

Boat loads of fun for midas...lmao....thanks for the chuckle!

He is a great contrarian indicator tho....just do the opposite of what he does. He says sell 3.15 wait for 2.75....stock goes to 4&change. He buys at the top range 3.95ish....stock tanks to 3.30 sits at 3.70. Cant make this up...great stuff. :)
08-25-2015, 01:40 PM
midas360

As we saw yesterday, the markets don't care about earnings or what analysts think. The drop yesterday took everything with it including those companies that are "DOING SO WELL." Get ready... because if yesterday was an indication of things to come, everything is going down and down big.
08-25-2015, 01:51 PM
dm_4

Quote:

Originally Posted by midas360

As we saw yesterday, the markets don't care about earnings or what analysts think. The drop yesterday took everything with it including those companies that are "DOING SO WELL." Get ready... because if yesterday was an indication of things to come, everything is going down and down big.

Not that i believe you own one share...but just trying to understand your madness/advice. You say get ready "everything going down big", yet you supposedly bought at the close yesterday after you bought near the top a few weeks ago. If you think we all should be ready and you think its going down "BIG" why would you buy like you did last night at this level. Interesting lol. :out: :)
08-25-2015, 01:57 PM
dm_4

Quote:

Originally Posted by midas360

Last minute decision... Averaging down on SIRI.

Quote:

Originally Posted by dm_4

So you buy at the close and then next day say "everything going down big"? It's not surprising we don't follow/understand your logic :out:

Your bs never gets old :)
08-25-2015, 03:51 PM
user34615145

Quote:

Originally Posted by midas360

As we saw yesterday, the markets don't care about earnings or what analysts think. The drop yesterday took everything with it including those companies that are "DOING SO WELL." Get ready... because if yesterday was an indication of things to come, everything is going down and down big.

I agree we haven't seen the 2nd shoe drop yet. The rate cut by the PBOC is not enough to sustain their downward slide and they will influence the global mkts....Waldo put it this way:

Quote:

Originally Posted by waldo29

Got the rate cut from the PBOC, [obviously] game on today. 36 hours off from when I expected, my apologies. On the low side (.5%) of what I expected (.5-1%). Hard to tell the half life on the equity side of a rate cut; ex-fiscal stimulus (which they don't need, but could use to kick it in gear), shorter and shorter each time for them. Not the kitchen sink I am expecting....yet.

Take profits along the way, its not a permanent solution.

I know these are not messages most investors want to hear but investing is as much about protecting against loss as it is about taking advantage of rising markets. We all know that markets fall a lot faster than they rise in most cases, and for a prudent investor these are words of wisdom to heed. Judging from the fact that we started the day up 500 points and are now in the red by over 100 points, I'd have to say both of you are spot on with your assessments so far. As of this writing (3:50 pm est) the mkt has dropped 250 points in 30 minutes.....sheesh!
08-25-2015, 04:16 PM
midas360

Hate to say it but we called it today.

Quote:

Originally Posted by user34615145

I agree we haven't seen the 2nd shoe drop yet. The rate cut by the PBOC is not enough to sustain their downward slide and they will influence the global mkts....Waldo put it this way:

I know these are not messages most investors want to hear but investing is as much about protecting against loss as it is about taking advantage of rising markets. We all know that markets fall a lot faster than they rise in most cases, and for a prudent investor these are words of wisdom to heed. Judging from the fact that we started the day up 500 points and are now in the red by over 100 points, I'd have to say both of you are spot on with your assessments so far. As of this writing (3:50 pm est) the mkt has dropped 250 points in 30 minutes.....sheesh!
08-25-2015, 04:25 PM
user34615145

Quote:

Originally Posted by midas360

Hate to say it but we called it today.

Midas you really are a cock-sucker :p
08-25-2015, 04:28 PM
midas360

Hahahaha!

Quote:

Originally Posted by user34615145

midas you really are a cock-sucker :p
08-25-2015, 04:47 PM
user34615145

Quote:

Originally Posted by midas360

Hahahaha!

Did i just say that? Sorry, must have been that darn auto-correct. Meant to say "clock's looker"
08-25-2015, 04:52 PM
user34615145

Quote:

Originally Posted by user34615145

Did i just say that? Sorry, must have been that darn auto-correct. Meant to say "clock's looker"

Damn... Did it again.... I mean't "sock drawer investor"
08-25-2015, 04:54 PM
user34615145

Quote:

Originally Posted by user34615145

Damn... Did it again.... I mean't "sock drawer investor"

Oh never mind
08-25-2015, 04:59 PM
midas360

No worries. It's kind of like accidentally PM'ing someone behind the scenes. It happens all the time.

Quote:

Originally Posted by user34615145

Damn... Did it again.... I mean't "sock drawer investor"
08-25-2015, 10:13 PM
user34615145

Quote:

Originally Posted by bdp.

My ameritrade account is not working. Anyone else having issues with their trading accounts?

Looks like you were not the only one having problems bdp.

http://www.usatoday.com/story/money/...ages/32332483/

In an nutshell:
"If you leaf through the ads, the very way these brokerages position themselves is as a sophisticated trading platform for individual investors," says University of Michigan Ross School of Business professor Erik Gordon. "Well, the individual investor got the door slammed on their nose yesterday. They’re not sophisticated trading platforms for individual platforms, they’re rickety platforms for individual investors."
08-26-2015, 06:52 AM
user34615145

Here's an interesting nugget of information. This from an article I was just reading in Bloomberg: "At its current level, down 9.3 percent on the year to 1,867.61, the Standard & Poor’s 500 Index is 1 percent away from erasing its gains since the end of 2013"

Not the end of 2014 ....the end of 2013 - almost 2 years of nuthin'

Anyway, I decided to take a quick look at our favorite little stock and see how SIRI has faired over the past 2 years. Did you know that on Aug 29, 2013 - almost 2 years ago, SIRI ended the day at .....wait for it.....wait.....for.....it.

$3.63/share....exactly where it closed yesterday. How's that for a buy and hold strategy!?

At least, for all the those that say the stock is manipulated, we can correctly point out that it's trading in line with the S&P 500.
08-26-2015, 09:41 AM
midas360

Don't say that too loud. You upset some folks around here.

Quote:

Originally Posted by user34615145

Here's an interesting nugget of information. This from an article I was just reading in Bloomberg: "At its current level, down 9.3 percent on the year to 1,867.61, the Standard & Poor’s 500 Index is 1 percent away from erasing its gains since the end of 2013"

Not the end of 2014 ....the end of 2013 - almost 2 years of nuthin'

Anyway, I decided to take a quick look at our favorite little stock and see how SIRI has faired over the past 2 years. Did you know that on Aug 29, 2013 - almost 2 years ago, SIRI ended the day at .....wait for it.....wait.....for.....it.

$3.63/share....exactly where it closed yesterday. How's that for a buy and hold strategy!?

At least, for all the those that say the stock is manipulated, we can correctly point out that it's trading in line with the S&P 500.
08-26-2015, 10:38 AM
Sirius_Stagnation

Quote:

Originally Posted by user34615145

Here's an interesting nugget of information. This from an article I was just reading in Bloomberg: "At its current level, down 9.3 percent on the year to 1,867.61, the Standard & Poor’s 500 Index is 1 percent away from erasing its gains since the end of 2013"

Not the end of 2014 ....the end of 2013 - almost 2 years of nuthin'

Anyway, I decided to take a quick look at our favorite little stock and see how SIRI has faired over the past 2 years. Did you know that on Aug 29, 2013 - almost 2 years ago, SIRI ended the day at .....wait for it.....wait.....for.....it.

$3.63/share....exactly where it closed yesterday. How's that for a buy and hold strategy!?

At least, for all the those that say the stock is manipulated, we can correctly point out that it's trading in line with the S&P 500.

I am glad someone else noticed. Gold star for user
08-26-2015, 10:44 AM
dm_4

NYSE invokes Rule 48 for market open in anticipation of volatility

http://finance.yahoo.com/news/nyse-i...131123032.html
08-26-2015, 01:41 PM
denco1

2 Attachment(s)

SIRI holding ok for now....getting above 3.71 and 3.74 would be good.

Attachment 1409

Attachment 1410
08-26-2015, 02:45 PM
midas360

that makes 3 of us. :)

Quote:

Originally Posted by Sirius_Stagnation

I am glad someone else noticed. Gold star for user
08-26-2015, 03:14 PM
dm_4

thanks for the charts denco..yeah having a good day....see if we can close strong.

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