FoolN...
These are the key support levels from the way down..when we broke them we cascaded down to the next level...check a 6 month chart. I remember 'em like it was yesterday.
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Looks like we're in for another wild ride on the rollercoaster that is Sirius. Good luck today everyone.
remember when we thought .68 was the bottom? It held once, then we bounced back up to a buck in Pre on Sept 16 ish..just before Lehman. Second time we tested .68, we stalled then dove. Same thing @ .55...then remember when we held .39 ish for a while? Then broke that and it was .27. I bought in at .27 after Q3 CC. They held sucked a bunch in there before taking down to .21 in Pre. That Limit Down morning. Then they panicked that morning and covered up to .43 where we hit a stone wall. Then it was back down through the same points and of course you know the rest...
A general question:
Again, I'm a low level player-dipping my toe for the first time. I've averaged in at .1284 a share...I have 3000 shares...
What happens to my cost average if I sell 1500 shares back? Does it stay at .1284?
Nice tosee you more serious holders of this stock getting some good news...Me, it was basically for kicks and to possibly pay off some credit cards...
Thanks,
Bill
Here's a thought, which takes us back to the RS issue. What if institutions are loading up now in advance of a RS to increase their positions at a much lower price?
Was saying this exact thing on Seeking Alpha for months. Yes Brandon, I have felt this was the play long even before the R/S announcement. But really it makes litte difference, as they wanted in at the bottom regardless. If you have inside information that you know this company will not file BK, think how much money big money would have already made on this pig.
ISEG as stated before I theorized was handling the shorting for the large holders. They are now the only MM holding the .40 cent line. And we saw what theyve been up to lower as well. Seems to be accurate. NITE was handling the major buying(shorts and MM's were working together in a way, with different agendas).
Good morning everyone,looks like another run up in Pre-market.Just a thought here,remember we are reversing Bk prices and bigs are getting in,also alot of Mutual funds can't buy until it's a $1 sp..lLooked at the Inst shares and month they bought's values are all around .08 sp.so they have already avg down their positions...this is new money and old getting out..IMHO
Blew past .40 cents. I never thought .40 cents was resistance. Now beginning to wonder. I said it was .36 cents, which was more accurate. That was cleared now. Should be clear to .50 cents now. Not much buying in the .40's. Didnt stay there too long. Where the shorts are defending is pure speculation.
Brandon...
I can see that as plausable. However, I think this big move action is more related to short-term big money who knew they could uncover these dug-in short hedge positions and make them run like little school girls. I think we have to be careful the higher we go toward a buck of them kocking in gains and sending this thing into a free fall and allowing the hedge to re-sell into it...then once we stablize around right here (40's) we can move higher the right way...
This is to mechanical to be the real deal. It's a total play and at some point they're going to take their profits. I think it's about a buck. Look at Pre. The .40 position is breaking down already...damn.... .41 now...
3 times more buyers than sellers right now. No resistance being put up. Hope this holds true during market hours.
s162,
Just for good luck and taking your advice to help in hurting the shorts, I just bought another 3K shares for .399 hoping to push it over .40.... So far it worked..... Try it you'll like it.... GOOD LUCK to everyone on their trades today...... I'm outa here for the day......