Man you guys are Gooood!!! Thanks Bunches to Relmor as well!!!
Thanks bunches mate!!!:)
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Tripping,
I'm not Darth Vader - come on now! I'm bullish on SIRI long term and I'm happy for all of you that have rode this recent spike the whole way up. Congrats! How much credibility would I have if I just said the stock was going to go up everyday? It depends on what your time horizon is also. I have yet to see a stock chart that goes straight up with no red candlesticks in it. There will be some profit taking on some of these huge recent gains at some point. If I have to buy higher....so be it. As a trader I don't see the risk/reward in my favor chasing it up right here after the recent huge gains.....
I will wait for a good entry point and I don't see it up here after these recent huge gains. It's just a little too much too fast for me to feel comfortable buying back in up here....
I'm not bashing SIRI and I sure as hell ain't shorting it......
I still think SIRI goes over a dollar this year, but not overnight.....
5 day s & p chart shows a bullish crossover in MA's. SHould finish near right at open, or even for today. Resume uptrend tomorrow. Typical MM's. They dont want the retailers to realize the huge news today. INFLATION IS BACK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:D
See how evil the media is. They tried to play it as bad news.
The option action on Calls for Jan. 2010 at $2.50 and $5.00 is picking up big time...
777 is a critical s&p resistance. Then is 800.
MACD has a bullish crossover now as well. Sto. pettering out. There is an upside to the gains today. Should be fun.
DOW 7400 is huge. Break on that and we go to next resistance level. Which is around 7700.
Everyday I wake up, my etrade net value is about $1,000 more because Sirius keeps going up. This RULES!!!!!
.40! There's 4 hours of my life I'll never get back...I gotta go to NY.
Relmor I am putting a sell around .4ish any suggestions. These gains are nice and I believe this stock will come back down ,maybe not to the twenties, but if it does and I don't have cash I will be pissed. Any thoughts....should I wait until the end of day?
Here it comes.....
Can you hear it? I see the s&p breaking out....Interesting time of day for it as well....This could be an interesting close....
If anyone is shorting the main markets, I would recommend closing it if the DOW breaks 7400 or the S&P clears and holds 778.
S&p chart looks really nice right now.
FYI - Not that this isn't a positive sign, but you should know that the calls that you're referring to are actually former XMSR calls and so it's not really 2.50 and 5.00. You have to divide by 4.6(the merger ratio) to get the actual strike price. Basically .54 and 1.08... These issues also don't trade like traditional call options since they're based on 460 share contracts instead of 100 share contracts... which is why the .21 premium on the $5 LOOKS so good, when you factor the 460 share contract though it's not quite as attractive.