Hey Lloyd . . . if you wouldn't mind . . . I think I'd like to start calling johnnyirishxm "Havanokasha"
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Volatility is still pretty low on this stock... see the ATR and volume. I think Bass nailed it on the head... quiet month, folks not thinking too much about trading at the moment.
http://www.scripps.edu/~davess/siri20/siri3.png
Based on this chart, had I had to give a guess today for the end of year price, I'd go with 0.64.
Some signs of a move up on these indexes... problem is that futures seemed to have stalled - usually you want to see those guys make the bigger move first.... though, they'll be going all night...
http://www.scripps.edu/~davess/siri20/comp3.png
http://www.scripps.edu/~davess/siri20/spx3.png
At some point, I'll try to look at the Russell 2000, may be more applicable to this SIRI thing.
The VIX is now trading between 20 and 25 - so things are slowing down...will we see an end of the month pop? - which would likely correspond to a small sell off for taxes and booking gains on the mutual funds? At this juncture, it doesn't look all that violent... it's ATR is on the downturn, lol, volatility of volatility... derivatives of derivatives... who can do that kind of math? If anything, it means to stay out of 2X leveraged funds at the moment...
http://www.scripps.edu/~davess/siri20/vix3.png
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Dr. Dave:
First, thank you for your posts. They are awesome.
Second, I like that you are thinking a little higher with the price today. :)
Nice. So I'm going to take that as a positive and hope for good things.
I am counting on Vapor to decipher your chart code and then let me in on them. LOL :D
different patterns same signal. candles blended and its inverse hammers on the bottom of the down trend. broadening wedge. confused about the bearish flags not resulting in further downtrend but overall bullish about a possible breakout on the vix. looking at heavy resistance around 42. maybe be time to play options in the near future. forgot to add a historical support line which happens to be where the blended candles create the last inverse hammer Attachment 246
LOL, you guys explain to me what EBITA or whatever means, how you combine that with auto sales and the possibility of a reverse split, with a slight dash of Rosie and the whims of Liberty management, and then use it all to give precise/accurate daily price projections, and I'll buy you 10000 beers.
Truthfully though - the price projection for the breakdown from the blue channel is the 0.51 to 0.53 range, and the price projection from the purple - if it were to break to the downside is 0.55. Overall, I'm bullish for the longer term, this thing has been building bases on bases. That would be over with though, with a close below 0.51. Anyway, I have no clue what's gonna happen.
lol, a t/a addict. perhaps. but i just like to play games and win. my new game is the market and t/a is an easy way to beat it:) im making mistakes and learning. but that is the best way for me to get good at it.
35-38 zone is where the vix may get stuck . we'll see. i'll also be concerned if it breaks 20..
Ok, I looked at some other stuff - I think we'll get a decent bounce. I think the Russell 2000 will rally, which will be good for SIRI and unfortunately the KOATs, but hopefully, not too much for them, we'll on the flipside, we'll get an increase in share price. I think the futures contracts are changing, that's why there is kind of a disconnect between those and the indexes.
Anyway, I'm likely laying low for a while, I want to spend the rest of the year reviewing trades to gear up for next year.
Things seem to be holding together, so it may not be a bad time to really review your trades, learn from mistakes, update the trading journals (or start one), reconfigure your software, etc. Start the new year off kicking.
I think everyone with the exception of Goldman Sachs will be glad this year will be over. The reason I believe the .66 -.67 is possible is due to the fact that Q4 is always the best quarter for Sirius. Any postive mention of skydock sales or autos will be a plus. If you also factor in they will want the market to end on a upbeat for the new year.... it's possible
Now back to deciphering those chart codes...I think this is going to take a while..I will get back to you SCRF
vaporgold
johnny: Good Morning Sheree
Sheree: Good Morning Johnny
http://www.freesmileys.org/smileys/s...asic/sleep.gif
johnny: Here's a copyrighted IBD chart that shows the big upside breakout is coming any day now
Sheree: Nice post johnny . . . here's a Level 2 screenshot I just took johnny . . . it shows all the evil manipulation by CINN that is giving the Buzz team and "Mr. Smarty Pants" a huge lead over us turnKOATS
http://www.freesmileys.org/smileys/smiley-sleep001.gif
johnny: Nice post Sheree!
Sheree: Thanks johnny . . . here's another Level 2 screenshot I just took
http://www.freesmileys.org/smileys/smiley-sleep011.gif
johnny: good night Sheree
Sheree: good night johnboy, er-ah, I mean johnny
http://www.freesmileys.org/smileys/smiley-sleep009.gif
I am personally getting a little worried about my prediction I was hoping it would be higher so that when it took the end of the year dive it would still be about .72
Wow, what a day. Down 2 cents...
It's looking like RoadKill and Dr. Dave might be on the right track. The only problem is we'd all be winners if the price went the other direction...:)
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Chuck,
Who would have believed it. : ). At this point I'm rooting of the KOAT team to game some ground thats for sure. However, todays trading clearly shows that retailers have no say.
And absolutely even sadder than that. We have no voice. As Mel and his turncoat board, simply bleed the shareholders dry and make no attempt to bolster the stock price.
Yet, they get a pass because the masses continue to claim the stock is "manipulated" or it would be double or triple what it is today.
Makes you wonder Chuck. You know why. Cause all stocks are manipulated. This just happens to be one where the company has exhibited Zero concern for the shareholder. And please let's not say they have no choice and that we are just lucky they didn't BK.
LOL. They get theirs every month. Simply click on insider transactions. Wow. What a disaster.
Yes, I tend to agree with you on all points here. I have made a good living trading stocks over the years. But, as time goes on, I am beginning to beleive that there is serious dilution and manipulation in most stocks.
Man, I'm getting killed by Citi Group these days with all the dillution going on there.
I see this happen in the pinks and pennies a lot. But, I'd love to have more faith in the big boards and I'm losing what little faith I used to have.
I'm still very hopeful for a year end rally with SIRI. That's just based on hope and luck and certainly no DD.
johnny: good morning Sheree
sheree: screw you johnny!
johnny: screw me!? why?
sheree: you are a loser johnny!
johnny: me? why am I a loser??
sheree: Mr. "Smarty Pants" is kicking your ass johnny, that's why!
johnny: but Sheree, what about all my copyrighted IBD charts
sheree: your charts suck! I'm moderating them down
johnny: but Sheree
sheree: I can't be seen with losers johnny
johnny: but sheree
sheree: I have a reputation to uphold
johnny: but sheree
sheree: I mean, after all, I AM a moderator johnny
johnny: but sheree
sheree:
johnny: sheree?
sheree:
johnny: sheree??
sheree:
http://www.freesmileys.org/smileys/s...aughing021.gif