Holy crap, that was just the news I was looking for, that seals the deal for me I am in for the long haul. The PPS should sky rocket now, LOL.
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I don't disagree with your strategy either, especially with BK off the table at this time... If your in a position to continually average down by add new money then it is a great strategy.... I also stated this morning that .20 is a wall because of all of the investors that got in at .09 - .12 and now are seeing a doubling of returns.... and played it for this short term gain. These folks as you say will "churn" through with new batches coming on board at different price points....
I also know that their are people like myself, who are not interested in adding any new money here to this equity. The pops and drops are for them.... I hope to be here until the r/s and by then, hope to have gained both shares and equity... My way of doing it is definitely more risky, and definitely has to be done by being "hands on", "real time", Level II, with 4 decimal place buy and sell capability only... otherwise it is foolish to even consider doing it on these moves that we are seeing now.... Without the right tools its like throwing a dart with the blindfold on.....
Yes, this is very common. PPT does that with major index funds to paint resistance and support lines right at the close all the time. The market will be bad all day, drive under key support, but during weak volume, it will close it just back to that resisitance line, making you think overnight it might reverse.
I think SIRI spikes up in the pre-market monday, that would be the safer time to sell if you wanted back in cheaper. Pre-market spikes have a history of retracing back to fill the gap with this stock, but just when you think you have figured out the rules - they usually change them on you......
It's a lot trickier trying to do that on the way up than on the way down...
Well, I got this stinkin T+3 and would not be able to buy back in immediately if I sold Monday morning. Also, I don't think I can do premarket trading with Zecco. With all the comradery we have been having, I hope it continues to go up for everyone's sake. A slight 1 - 2 cent pull back will give me more shares when this puppy decides to really run. Like some other's have suggested, I don't see any more real news until the Ipod anouncement next quarter. Any shivers will still back this share price down. We have a lot of sellers above $0.20.
I have to take emotion out of it and try to make a few bucks in the interim.
Have a fantastic weekend everyone!
Sundevil,
Trying to trade SIRIUS with a 3 day clearing restriction is really risky IMHO. You can get a margin account for I think as little a 2 grand capital, and you would be exempt from that 3 day clearing. You really need to get a broker that gives you access to extended trading...
Sometimes trying to save money ends up costing you more than you save....
Well as you know cos1000, I have way way way more shares of SIRIXM then I ever wanted or like to have. That said, I am not selling shares for less then what I think they are worth at the time and as you know I will not sell shares for a loss ever, now that is stubborn (and got me into this mess). That may be the wrong play but that is just the way I play it, I cant help myself.
Brandon, that was a joke, I agree that they need to advertise more NOW. I believe the problem before was that they needed to become more one company. Basically get their act together before they advertised anything. How pissed would people be if they advertised things and then come to find out the channel line up totally fliped or they got a radio for one servise only to find out a few weeks later that there was one for both services. I think the Mirge is going to be the big advertisement blitz (IMO).
Thanks for the advice Demian, and I completely agree. This is a IRA account and they won't let me trade on margin. I think if I did not have the 3 day, I would be in a lot better shape than I am right now.
Do the standard online brokers (e-trade, schwab, ameritrade) offer extended hours or do you have to go to a live person?
Yeah e-trade and ameritrade do offer extended hours, never used schwab so I can't say.
Back to .20 in AH......
Sirius XM Radio Inc. (SIRI) After Hours Trading
After Hours Trade Reporting
After Hours
Last: $ .20
After Hours
High: $ .20
After Hours
Volume: 517,364
After Hours
Low: $ .193
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
17:06 $ .20 1,327
17:06 $ .20 3,173
16:54 $ .20 2,250
16:47 $ .197 2,530
16:44 $ .197 1,000
16:42 $ .20 756
16:42 $ .20 1,821
16:42 $ .20 2,423
16:39 $ .20 600
16:39 $ .20 2,000
16:39 $ .20 3,000
16:38 $ .196 300
16:38 $ .197 538
16:38 $ .20 1,000
16:38 $ .20 1,362
I'm with Scottrade and have two different accounts - my cash account and my IRA. I'm able to trade before and after hours with both. The only restriction with them is that if you buy shares with unsettled money, you have wait three days before you can sell them. You don't have to wait at all to buy shares with unsettled money, however.
John,888's...............told you that you'd always be 163888 to me. LOL It's all good. Saber hilt to lips .............dress right....... attennnnnnnnnnshun. {hope I got that sorta right........... was never in the service myself. I guess you could say the FD was quasi military. I am familiar with attack mode. The days of riding and donning gear on the rear tailboards enroute............ the smell of smoke five blocks from the destination...... no breathing apparatus......... ah.... the days of coughing up black for three shifts .... sorry... I digress....... .. killer.