Sirius XM January 2016 Thread - Happy New Year!

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Originally Posted by dm_4

At least for the time being, my decision to have sold out of my entire long position over the last few months above 4 bucks seems to have been the prudent play. :) I couldn't tell you how pissed i would have been if i had not sold and we retraced back to these levels. I may not have timed the top perfect but who really does? I sold well above 4 bucks and im very happy with my decision. I may have to pick up some here heading into earnings.

Good luck all :)

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You were certainly much smarter than me! Congratulations!

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Originally Posted by bdp.

You were certainly much smarter than me! Congratulations!

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hang in bdp....it will go higher....i think the smart money is loading up at these prices.

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!

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Originally Posted by MUSCLE13

Thanks Brandon Brandon and Brandon!

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My thoughts exactly Spencer!

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.

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Originally Posted by midas360

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.

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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.

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Originally Posted by dm_4

hang in bdp....it will go higher....i think the smart money is loading up at these prices.

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Without a doubt, but the ride back up is unbearably long winded! Much longer than even a crappy company like Pandora has been!

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!

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Originally Posted by waldo29

I think Merck has a pill for both of those. Rough day for the longs.

I am debating covering @ 3.65, this move down is a lot faster than I had been thinking. The whole market needs a pause, every time oil catches a bid, some headline news comes out and the shorts hammer it. On the long side, geopolitical events are ignored.

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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.

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Originally Posted by waldo29

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.

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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!