SIRI Monthly Thread August 2015

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Originally Posted by waldo29

however, we should have a bounce Monday, look to Asia Sunday night or 6 pm for our futures. After the bounce we at least get to the 10% correction at a minimum (not far from where we stand tonight). Buy the dippers have been mildly burnt this time around, we need them to come back in after the trading desk 'A' teams gets off the beach. Show up, or we got ways to go beyond the 10%.

SIRI is capped until at least Q3, [trade] sell the 4+change buy the 3.63/3.65 line.

Be out of the country for a month, check in form time to time.

Peace

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Opened in the 3.30's and Only down 300 pts...Great call lol.

I'm getting sick watching Sirius up .35 from where my crashed buy order was attempted. 😭

Don't worry. You will get another chance.

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Originally Posted by bdp.

I'm getting sick watching Sirius up .35 from where my crashed buy order was attempted. ������

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I predict a decent recovery as today's crash is a clear example of how the market will react if the interest rate hike is carried out. From what I have been reading, the general consensus is to postpone the pain with the hope of buying the time needed for the rest of the world to sort out their messes. If it is clear that we are postponing our rate hike for the sake of helping the world economy, then perhaps that will just keep ours in limbo without the chance of damage resulting from perceived underlying weaknesses. I am just hoping that, if this does happen, it's not taken as an opportunity for to continue irresponsibility.

My bet is Yellen will continue with a rate hike and I hope she does. Set a precedent!

@muscle...

Media Stocks Bloodied In Widespread Global Market Selloff

http://deadline.com/2015/08/media-st...-2-1201504220/

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Originally Posted by midas360

My bet is Yellen will continue with a rate hike and I hope she does. Set a precedent!

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I agree +100! But I also think that the pressure that is placed on us to keep the dollar in check to prevent the likelihood of deeper global economic chaos may be too overwhelming. And of course there's the pressure from the markets to maintain any form of stimulus available to keep it pumped up. It's a bloody mess.

Isn't that what you said about 2.75? :)

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Originally Posted by midas360

Don't worry. You will get another chance.

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[QUOTE=bdp.;90616]I'm getting sick watching Sirius up .35 from where my crashed buy order was attempted. 😭[/QUOTE

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Originally Posted by dm_4

Opened in the 3.30's and Only down 300 pts...Great call lol.

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DM, I posted an update on Sunday night, great job parsing out statements. I said the Bounce may not materialize. Meaning at all or as expected. Which is why I said look to Asia Sunday night in my initial post. No RRR cut caused panic selling. We ended up getting the full 10%+ correction and then bounced. Did you stay nimble and take advantage of it?

As for SIRI, we all know that was a BS open. I'll wait for the closing numbers on the day the gap closes before I decide to keep or sell my longs.

In the back of my mind, I am kind of hoping that global investors will turn to the US equity markets looking for returns in dividend stocks and other beaten down equities. Wishful thinking though...

The lesson here is being ready for quick sell offs like we experienced today. Imagine getting Apple around 92, SIRI 3.30-3.40, T 30.97, etc... The list goes on. Keep some cash ready in case it happens again. However, something tells me the retail investor was unable to execute any orders because of application failure.

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Originally Posted by bdp.

I agree +100! But I also think that the pressure that is placed on us to keep the dollar in check to prevent the likelihood of deeper global economic chaos may be too overwhelming. And of course there's the pressure from the markets to maintain any form of stimulus available to keep it pumped up. It's a bloody mess.

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