You were certainly much smarter than me! Congratulations!Quote:
Originally Posted by dm_4
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You were certainly much smarter than me! Congratulations!Quote:
Originally Posted by dm_4
hang in bdp....it will go higher....i think the smart money is loading up at these prices.Quote:
Originally Posted by bdp.
It's okay. You don't need to tell as I know how PO'd you would be. :o
I wish I had your prudence a few weeks back. I waited all year for the HS news thinking that would be my trigger point but felt disappointed (that's code for greedy) and decided to avoid a pretty hefty tax consequence by holding into the new year. Needless to say, my years of long continue as I work off the self-inflicted trifecta debacle of SIRI, Apple, and Disney.
I never laugh when smart folks like Waldo suggest the possibility of $3.6X something but never would have imagined moving from $4.20 to whatever silly number we are at right now.
JR999
Thanks Brandon Brandon and Brandon!
My thoughts exactly Spencer!Quote:
Originally Posted by MUSCLE13
A source very close to me told me that Muscle is really Demian. This explains why Demian never answers his texts or IM's anymore. YOU HAD US FOOLED, MUSCLE... I MEAN DEMIAN!!!! :) Nice job! It explains a lot because Demian talked about the cable companies all the time just like Muscle.
That would explain why he was asking about "where's Demian" last month....just a twisted form of narcissism. Kind of like when people fake their own deaths and then show up at the funereal just to see who and how many attend.Quote:
Originally Posted by midas360
Without a doubt, but the ride back up is unbearably long winded! Much longer than even a crappy company like Pandora has been!Quote:
Originally Posted by dm_4
On another front, I have been trading shipping stocks. Not overly ambitious with my risk, but enough to be up a tidy $9k so far. Check them out. Extremely volatile!
Based on pre market, I am going to hold off on covering my 4.10. Want to see what we do at 3.60 (outlier pm trade) if it breaks and closes below 3.65 we just went through the the 3.65 to 3.96 range like butter with a hot knife. All I am looking for is 3.60 to break. If we get that, prices are really going to be on sale in Siri land.Quote:
Originally Posted by waldo29
Without a doubt we are crashing through 3.65 and falling lower IMO. My prediction is we keep going down, possibly to 3.35 before a bounce. Considering the current rate of decline, it's looking like within the next week or two. All is riding on whether oil and China markets stabilize, which appear to be deteriorating due to both the devalued yuan the increasing value of the dollar. What a mess!Quote:
Originally Posted by waldo29
For sure, it ain't pretty.
Horrific.
Could Midas get his $2.75??? :)
If the markets get so bad that Sirius hits 2.75 or lower, we would certainly be sinking into another recession, which I don't think is going to happen. So my answer is no, I don't think so. If you care to refute this, please do! I would like to hear your argument.Quote:
Originally Posted by midas360
Not going down that road in here. :) The markets don't care about our opinons. I do think we have another 10%-15% correction coming. Capitulation...
My only concern is auto sales. If there is any sign of weakness with regard to auto sales, we will see Sirius XM go down.
Quote:
Originally Posted by bdp.
Please explain the 10-15% continued market decline.Quote:
Originally Posted by midas360
It's just based on what I am reading. According to the charts we are in correction territory. Several well known financial people are predicting 10% corrections too.
Quote:
Originally Posted by bdp.
Haven't we just completed a 10% correction and as of today are at around 15% off the high? 30% would certainly be considered a crash and would place us into a recession which I don't think is likely. I understand that there are many talking about such an implosive event, but I can not find anything that warrants much merit. My feeling is that, combined with the usual first quarter weakness, we happened to have the aftermath of the fed actually following through with increasing interest rates and planning more (which is now looking unlikely until possibly the 4th quarter). Combined with the strengening dollar, plummeting oil and China economic contraction to exacerbate things, we now have what would have probably been, at the very worst, a garden variety correction. With all these factors continuing to be in place, I feel that we may see 2 more weeks of volatility before settling on an equilibrium. Anything longer than that, then we will be heading for a recession and your 25-30% crash correction is fulfilled.. Please explain why you agree with the authors of this prediction?Quote:
Originally Posted by midas360
So let me ask you. If you truly believe what you said below, how many shares have you purchased of Sirius XM since the 10% correction?
Quote:
Originally Posted by bdp.
I have been in and out 20- 30k shares at a pop. Have a 3.59 buy order in today to play the close.Quote:
Originally Posted by midas360