SiriXM Intraday Thread Monday June 29th 2009

I'm looking for the days of .56 and beyond.im way long on this one, i think SIRI will be huge in 10 years.

So, with just over an hour of trading left, can we expect some last second tom foolery? I hope to hell we can establish support in the low to mid 40's.

Hey, look at me - Mr. Senior Member. Wow.

IMO (and this is only an opinion) there is plenty of room for a decent move up towards 60 cents with the downside risk being at about 36 cents. The key is whether this equity can break through the 40's on decent volume, and in short order. The longer it hangs out in current ranges, the weaker a move up becomes.

I watch the volume closely. If a move has authority, it happens on increasing volume. moves on stagnant or light volume lack the conviction to be strong.

As many know, I own this equity, but I do not trade this equity. Part of my agreement with seeking alpha prohibits trades without prior disclosure. Additionally, another reason I do not trade it is because I want to avoid any perception that I am using this site, or my notoriety (or lack there-of) to influence the pps of the stock.

im noticing iseg is buying here at this price, hmmm

congrats siriuslylong on being a senior member, besides siriuslygay you have the best name btw.

thanks tyler, understanding the position your in, we do apreciate anytime you can throw out some technicals for scenarios.

for instance, it had been discussed that .50 was passed through very quickly on the way down from $1, so we might expect the same on the way up.

It was interesting also last week to watch .46, .47 and .48 fall so fast, which I read elsewhere was expected.

look at a 6 month chart, the macd is about the break out, i think we will see a big move here soon.

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Originally Posted by tsavery

imo (and this is only an opinion) there is plenty of room for a decent move up towards 60 cents with the downside risk being at about 36 cents. The key is whether this equity can break through the 40's on decent volume, and in short order. The longer it hangs out in current ranges, the weaker a move up becomes.

I watch the volume closely. If a move has authority, it happens on increasing volume. Moves on stagnant or light volume lack the conviction to be strong.

As many know, i own this equity, but i do not trade this equity. Part of my agreement with seeking alpha prohibits trades without prior disclosure. Additionally, another reason i do not trade it is because i want to avoid any perception that i am using this site, or my notoriety (or lack there-of) to influence the pps of the stock.

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wowowowowowoowowowwoowowowo

its straight line jones for the moment

Quote:

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Originally Posted by imromo24

congrats siriuslylong on being a senior member, besides siriuslygay you have the best name btw.

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best name! Hey, can I get an award for that? Like a replacement for my Sportster that no longer works. I'll have to take that up in another forum.

I am Siriusly long because I refuse to give up. I'm in too deep. It's a mistake to be in this situation, but it is what it is.