No, I did mean 3.65 at the rate the market is going. Never ends!
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No, I did mean 3.65 at the rate the market is going. Never ends!
bdp,Quote:
Originally Posted by bdp.
There is a lot of room left on the 4th buyback. The concern is it is not fully funded as of yet. They have room on the revolver, but the is short term funding. So as of right now, any buybacks are probably being done solely (mostly... or more so than previously) out of FCF. Read that as at a slower pace.
If the stock falls further, and threatens to go below 3.65, they would probably use the revolver to defend that level. Translation, I think if you continue to have market turmoil, you have a 'pretty' clear path to the 3.65 level where we would likely see a pretty solid and trade-able bounce. this is where I plan, at this time, on covering the 4.10 avg short.
Edit: I think we are solidly in the 3.65/3.66 to 3.95/3.96 range for now until the entire market settles down. Watch the FX (Yuan and R$) and oil (more so brent than wti now) markets as the lead in to calmer waters. PBOC needs to figure this one out; additional intervention which will only delay the correction or hands off which will likely speed it to a conclusion. My bet is they will continue to get their hands dirty and overtly manipulate their markets and currency.
Thank you sir!Quote:
Originally Posted by waldo29
Muscle,
Have you found anything coming out of the CES regarding sxm17? Here's hoping The Commander Touch isn't it....
Back of the napkin, working the fib off the 3.31 and 3.65 lows and the 4.20 high. numbers might be a bit off, but only slightly. Feel free to correct, doing the #'s in the airport.
3.86/3.87 is both 38.2% and 61.8% retrace (off of 3.31 and 3.65 lows respectively). If we close below, then 3.74 is next support (50% off of 3.31). That falls 3.65 is the last line in the sand (61.8% off of 3.31 and 100% off of 3.65). That falls, which I think it holds, we have 3.31 target which is 100% off of 3.31 and 161.8% fib extension off of 3.65.
Vol at price is decreasing as we go down and MA's are starting to DC with the 50 rolling over. On the plus side, most of the other indicators starting to scream oversold.
Jessica has some details in her report this morning. No, Commander Touch is not SXM17.Quote:
Originally Posted by MadEra
If you liked SIRI at 3.90+, YOU WILL LOVE IT at $3.82! You notice how all the bearish Brandons left the forum right around when things were being predicted to get worse? How convenient :)
Compared to 2.75 most do love it :), sorry man couldn't resist lol. Seriously tho....As long as no one bought above the 4 range then no harm no foul really. Glad i exited when i did. This area and below is nothing but a buying opportunity. This will run up into earnings like it always does eventually.Quote:
Originally Posted by midas360
HAHA... just point it out. You guys should be backing up the truck at these prices or do you think it's going lower?
3.78 in after hours...futures up 150+ i say at least nibble here, y not? If it goes to 3.55 after you buy at this level....just double it down. This downward trend is across the board for most all stocks....not just siri. I still say it climbs higher soon going into earnings just a few weeks away.Quote:
Originally Posted by midas360
I have cash so i will be bargain shopping soon! good luck.