New home sales up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!
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New home sales up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!
stats are piling up gents and gals...another good housing number..Quote:
Originally Posted by sl62
and..shorts holding steadfastly...they'll buckle. Just a bit more time. they think they're tough...which they are...but not when an angry mob of buyers show up at their very gate...:D
This is a spring head fake on home sales. They will stay in the dump and lose value for at least 1 more year.Quote:
Originally Posted by Brandon Matthews
But Sirius will go much higher, especially if we see some stability and increase in new car sales.
Also, when was it that government was supposed to finalize bailout of automakers ?
I feel your pain, I am considering putting a sell order in at .45 hoping to buy back in next week at .35, but if I sell at .45 it will go up to .50 before droppingQuote:
Originally Posted by Jworld
Don't feel too bad about it. From a fellow idiot who has done the same in the past. Get back in on a dip and don't panic.Quote:
Originally Posted by Jworld
take profits....your a greedy pig if you don't. Pigs get slaughtered for a reason. Its not prudent to leave 50% gain on the table hoping for a 60% gain. Remember what we are trading, siri stock, not siri the company. I love the company and feel long term we are heading in the right direction. If I jump off the ride at .4 and miss the run up to .5, what have I really missed, nothing. I can take a position and ride it up to .6. The idea that this company will run up with no take downs is a pipe dream.
Don't forget we got smoked on the merger, we almost got smoked on the financing, and we gave away 40% of the company to stay alive.
I am a realist and I like cash in hand not the prospect of future profits.
And when the squeeze starts... then the fun starts.... time to watch the shorts panic.... soon.......Quote:
Originally Posted by sl62
if we turn down here... retrace a little from this first bump at .39... I say by evening I amend my earlier estimate... I say we end up .405 to .41.....
Either way - it's nice being up in these numbers again at a more sustainable pace...
OINK OINKQuote:
Originally Posted by Big Ben
Your are right I am a greedy pig, I may see where this levels and take your advise. Thanks
There is momentum building on a short squeeze again and any news from Sirius or on pickup in car sales can send it much higher.
Quote:
Originally Posted by bababoooie
Hey Bababoooie!
I am tending to think this too but I cannot help but wonder what will happen after the 1st 1/4 cc. With the economy in the shape that it is I find it hard to believe that Siri will show the numbers that will move the sp forward. I am thinking that it will retreat - perhopas not as low as the .25 that it would be nice to buy at but .... Comments form anyone?
New home sales are up because homes are selling at 60% discount. The people who have cash and credit are picking off homes. The vultures are picking though the bones. Real people who want a home need 20% down plus closing cost and a 725 Beacon score. This is a huge barrier for most Americans, especially those who are losing jobs.
Ben - thanks for the input.... don't remember seeing you around here for a while....Quote:
Originally Posted by Big Ben
I'm in agreement with you on most homes selling at a discount... in my area - it's more like 25%-30% discount though... and most analysts here are predicting that loss will vanish in a year or so....
The 20% down does definitely still stand as a wall... the important thing... is that people are finally adjusting to these new lows in a way they can take some of the empty homes off the street..... and the inventory has been dropping here where I live.. of course it depends on where you are ...
I stand by what I was saying earlier... I think we're going to either come close to or bust through .40 today..... probably later today....
Lowest I see us heading is down around .32 near where I picked up my last block....
Great Post!Quote:
Originally Posted by Big Ben
more I look at the chart - I don't think we're going below .36 today - but thats just my opinion.......
Well said Ben..Quote:
Originally Posted by Big Ben
To all newer traders....
TWO SIMPLE RULES...
1) It's Never Wrong to Take Profits!
2) Keep Losses to an Absolute Minimum!
So that you 'live to trade another day'.
HI BEN...
my breakeven is .39 for 40,000 shares...very tempting to dump all at .40 then buy back in lows of 30-32...could wind up with 50.000 shares. what do you think?
any sense when the 1st q conf call will be? And what do you think is the play leading up to and right before that? Again I'm mostly long but now have a small (more enjoyable) lot to play with and am curious how to play it if at all... thanks
Quote:
Originally Posted by SiriusHope
That was my thinking yesterday when i sold. I took my profit and when or if it goes back down, i will reinvest and add more shares than before.
Very good informational post, I agree. Market rally fads into 8000, reverse to 6400 likely. If we take out 8000, it better be soon, and with authority. Two counts on the table. Sorry folks, your not going to like this. Were up to 10000 or so, then down to sub 6400, or we go there now. Either way we go there. Why? Because nothing changed. Correct!!! Only inflationary headwinds getting stronger every time they try to reinflate. Gold will make new highs this month or in April.Quote:
Originally Posted by Big Ben
Alot of traders got burnt in the .38 - .43 range on that ridiculous drop over a week ago. I believe time will show that .38 will be the downside resistence once we pop over .50 cents. It's likely a big mistake to sell here and lose the upside coming.
I wouldn't fight Mel's cost cutting and the fact that they are finally going into the 2nd quarter, where all the bullshit is behind them.
Week hands selling here and I will not be part of it.