none that i'm aware of
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I do blow in the wind. I admit it. I remain neutral no matter what my position is. Emotion is an investors worst enemy. That's why I lost 1/3 of my shares. Forecasts can change based on updated info. The company acknowledged in the call every concern that I had brought up. I was right on all counts. In some small way, I hope I had an effect on Sirius to get moving in a new direction.
The fact that they announced that new direction today proves that my concerns are in line with the company's concerns.
If you spent more time listening and studying than criticizing, you would see that...
The funny thing is - and I'm not sure I'm seeing it right as I walk the chart backwards.... it looks like they've been continuing to try and hold it down (manipulators) but the big blue dog got off the leash!!
This is what I hoped would happen - but it takes enough momentum and there have to be enough buyers..... volume typically isn't enough to break the chain.
Hopefully today will be a good start... and hold...
The true test will be 1. Buy volume into closing (to counter the effort to drag it down) and 2. Tomorrow - Pre-market into first hour...
JMHO
All the big Buy Limit orders are in at .19 cents even and there is someone trying to unload close to 6 M shares at .20. There seems to be a concerted effort to get it to .20 even without big share demand that I can see.
Thanks for the quick response guys. Good I cancelled my sell order of half my holdings at .20 I'm going to keep riding the Big Blue Dog! (No not in that manner! :D)
Airman, I dont tout any stocks other than SiriusXM. My mention of AUY was only as an example. I was into AUY before I knew Cramer talked about it, and was paralized with fear when he recommened a buy on it. I sold that day. I still play it as it is an excellent gold play, with huge ups and downs. I look for stocks with volatility in areas I can understand. But overall , AUY is up over 100 percent from its lows now, and very few stocks can say that. Cramer recommended selling AUY at $4. Hes my contrarian indicator. Love Cramer, and hate him at the same time. More hate...:mad:
Thanks Brandon - it's good to have some experience in here to reveal what's going on - Sometime I really need to have you smart guys explain the candlestick/dip/trough pattern recognition things that you brokers/former brokers look for.
Hopefully we'll level out in the .20s somewhere again and consolidate.... that would be a real nice step ...
No, but its not a good sign, as they decided to give guidance in their only sure positive, cash flow, but hey thats a great one to mention. If they were gun ho about sub increases, you bet your silly butt they would have said so. As they didnt, we can only assume they expect modest growth, or no growth at all. Remember, they gave sub guidance for 09, in their Q3. It was for over 20 million if I remember correctly. They must feel this is no longer possible. Remember, Mel said lets take the worst case scenario, lets say they only sell 12 million cars...:eek: He was 3 million cars off, and didnt want to get caught even predicting worst case scenarios, which might miss too, as this economy is now completely unpredictable going forward(never tried to reinflate the economy with so much money before), and the worst case scenario would cause a panic anyway. I say he should have just went for it, and held sub guidance, with a caution a change might come later. Say were doing great so far(vague). They need momuntum now, while the market is bottoming, not later when its up 1000 points already.