Just learned from my cousin who works at Fairfax that they started OT this last monday. Their schedule is 2 weeks of 5 - 10 hour days, then 1 week of 4 - 10 hour days. Then repeat. He also confirmed a 3rd shift is starting there in January.
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Just learned from my cousin who works at Fairfax that they started OT this last monday. Their schedule is 2 weeks of 5 - 10 hour days, then 1 week of 4 - 10 hour days. Then repeat. He also confirmed a 3rd shift is starting there in January.
This goes right along with positive news out this morning on the national employment rate.Quote:
Originally Posted by aosborn
Unemployment rate was lower this past week than was originally expected. Even continuing claims were down.
Our economy is starting to turn around. Some parts of the Stimulus Plan are working. The GM bailout is obviously working and putting people back to work.
This is all great news for SIRI owners. Obviously, the more people that have work, the more people that can pay for subscriptions to the service.
Yawn...ghost town again...
For the sake of any conversation - where's everyone putting their trailing stops at with SIRI during the next run-up for the Q3 report?
LOLQuote:
Originally Posted by mrmertz
As soon as I figure out the trailing stop idea....I'll let you know.
It certainly looks like a good day to add to the position. We're trading just above .65 now.
Ahhh...there is a good question. Given the last pre CC run, it seems there was at most a 12% dip before the Qtrly CC. Don't know if that will happen again, but we have had almost a 10% dip within the last couple of weeks. I.E. .70 to .64Quote:
Originally Posted by mrmertz
Do you see it better to use a trailing % or a fixed amount?
Well, I jumped over to LVLT and rode the stock up this last time with my 3% trail on it. It popped up to it's high, then came back down, triggered my trailing stop order and sold off. I sold .03 down from the high that day and continued all the way down to close over .30 lower from where I sold! I walked away with a net of $918. for the two days.Quote:
Originally Posted by candleman
Then I popped on over to C and bought in at $4.37 and set my trailing stop at 2%. Yesterday it hit its high of $4.74 - once it hit 2% down from that it triggered my trailing stop and sold at a little over $4.64. Look where it is now.
The trick is not setting it too shallow to allow for the stock's natural retractions while on the way up, but also not allowing too much room so you don't loose more than you have to when it drops.
It's just a matter of personal style and crunching the numbers. Some people like going with a dollar amount instead of a percentage. I just started using them a short while ago (being a rookie) but in that short time I have become a big fan of them. They have definately helped me maximize my net profit line.
Good luck!
Mertz, thanks for the information. I'll give that a try sometime soon. I like trading C, it bounces so much that it's been a huge money maker for me this year.Quote:
Originally Posted by mrmertz
Good work Mertrz/Hertz! Please explain to the novice investor that cashing out is the most important move in protecting gains. Long way from .75-.77 range...most people should have been trimming the hedges heavy in that range but most are brain washed. As for the short positions today..doing very well..FXP, FAZ, DOG....they still look good at this entry point..especially after the housing numbers....real bad... read the report....same thing foreclosure Ben has been saying for two years. Markets are about to get smacked and smacked hard...5-10% correction...could go more. Protect your cash....last time I am saying it. GLA
Foreclosure Ben
Great buy with LVLT. I have traded LVLT a couple of times and wanted to get in a couple of weeks ago as it seemed to begin a move. My brother works for them and I asked if anything was cooking and he said don't get excited there was nothing he knew of. So I didn't jump. Last time I ask his opinion.Quote:
Originally Posted by mrmertz
So with a .60+ pps on SIRI, where do you set the stop? I almost think you have to time it so you place the stop at say 3 to 5% just several days before the CC. Otherwise you will get zapped with a dip and lose a position for the run up.
We have a market that is balancing very precariously and talk is that today or tomorrow may prove a late day sell off. May or may not be today or tomorrow, but whenever the mood is like this it seems to come pretty quickly.
Does anyone think that SIRI will break down below .65? Yesterday it was being held at .67 pretty well until late afternoon then they let it go as the mkt sold. I figured they got their profit at .67 and couldn't take it up. .65 seems to be the hold today and we have bounce off this a couple of times in the last week.
Anybody got a feeling they would like to share?
Anybody have any technicals they want to share?
Ah-ha...that's another trick for putting in the trailing stop...when? Again, I'm just a "rook" so others here are faaaar more adept to this stuff than I am, but good point.Quote:
Originally Posted by Siriustunes
As for SIRI - I also won't put one on until a few days before the actual Q3. It's the 9th, Monday, so I'll do it the week of the 2nd. As you mentioned, waiting let's the dips wash out some before you feel it's really in for a good consistant climb. That's when I'll set my trailing stop.
Percentage or dollar on SIRI? I've only played percentages, so I'll go with that on SIRI. I had good luck with both 2% and 3% but I'll wait and see where I am profit-wise, how much it's daily fluctuation has been, and how much am I willing to loose based on the percentages before the stop triggers. (Putting 2% on C was spooky given it's volume/bouncing abilities but it worked great for me yesterday.)
To summerize, it's like BigBen said, it's not just about knowing when to get in -but when to get out and TO HOLD WHAT YOU'VE GOT! I look at my past 6 months performance chart and I see some fairly large dips. I wasn't utilizing trailing stops back then. At worse now I see a slight drop after the high (when the trail triggers), but it never drops like it used to.
If I had a trailing stop in the morning back on the 7th when SIRI's bottom fell out I would have never had to make up the $1200. loss. Lessons learned.
Siriustunes; as for LVLT, I've got them on my "Watchlist". Yeah, so much for listening to your brother! The volume has been deflated but keep an eye on them. Are they still waiting for the federal stimulus funds they requested to get approved? I think they are. If that's the case watch for another rise up.
Megahertz out.
Tunes, I think we don't go much farther down, unless the whole market collapses. I sold 30,000 shares Tuesday for .68, I just bought them back at .6505, If my thinking is correct, I'll be selling these again next week around .68, I've been doing this for weeks now. It's been very profitable. It is possible that it goes to .63 or so, but I don't aim to make the biggest profit. I'm very happy with many small profits, they really add up as the months go by.Quote:
Originally Posted by Siriustunes
Great strategy and I think you are in the sweet spot. I am just watching SIRI getting pressure from the downward sentiment of the market today. If the market sells off this afternoon, we may be in for more tomorrow.Quote:
Originally Posted by candleman
I am with ya. Just pulled the trigger at .6501. We may get a down day tomorrow, but no guarantees.Quote:
Originally Posted by candleman
We broke down below .65 I didn't think it would happen today.
I didn't see any gap to fill and .65 was showing great support.
I think the market pressure is getting to some. Or the MMs wanted to see if there was any panic selling. Doesn't look like a great deal is being let go under .65, so hopefully the resistance stays supportive.
Tunes, I think you'll be OK. The volume looks normal, so there doesn't seem to be a panic. Take a look at the overall market. We're down everywhere today.Quote:
Originally Posted by Siriustunes
Anyone here? LOLQuote:
Originally Posted by Siriustunes
SIRI is taking a small beating today. Below 65 already, but watch at close, it'll be > 65. It seems there's always some opposite movement at close.
Third quarter ends next week. Wow, was that fast or what? So, what will we see? My guess is same old same old - run up, CC, run down....
I think you're right. It will be time to run up and take the profits. Let it sink and buy again. Same old, same old!Quote:
Originally Posted by SiriuslyLong
I would bet the same as well.Quote:
Originally Posted by SiriuslyLong
Since the quarter is almost over, lets start talking about the metrics we should see...positive and negative.
1. $$ for clunkers will boost subs, but how will it affect cap ex for equipment?
2. All auto makers ramped up production in August, how will that affect sub numbers and cost.
3. What kind of sub numbers may show up from Iphone app?
4. Did anyone ever determine if we will see an opex cost from Satellite launch?
5. Is SAC projected to continue decreasing?
6. What additional synergies from the merger may come into play this quarter?
7. How much will the refi deal help?
8. What else?
Are we going to start a pool on if SXM come in at -.01, breaks even, or shocks the world with a +.01 EPS for the quarter? :clap:
Are the stop loss points kicking in? What a drop!