I've held my position, I would like to add but I really don't have any cash. It's been a crazy ride.
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I've held my position, I would like to add but I really don't have any cash. It's been a crazy ride.
I'm holding! After all we've been through, if the good news is correct, we deserve to profit from our patience.
Probably take alittle off the table to keep the wife off of my ass! Maybe 20% @.5. Overall avg is .59 if I dont pickup some more early Tuesday.
LMAO...first rule of trading: Never tell wife what you are doing....hahaQuote:
Originally Posted by just sirius
How ya doing my friend? Hope you are having a great weekend.
Personally, for now, I am holding until I see what happens on Tuesday morning...If it gets wild and up, I will sell at a level that I am comfortable with before it pulls back, then rebuy on the next uptrend.
You don't owe me any whiskey yet, damn it! :)
I was going to just hold, but I think your approach is very smart. If all goes as we hope, this thing may spike a lot and then calm down before any later upswing.
Having said that, I've used your same logic in the past with stocks and then found it inpossible to time things correctly for the changes in price direction.
Again, if all goes as planned, won't it be a long-awaited relief to be given that choice?
I could be wrong, so don't hold me to it...but when people get all excited they just keep on buying and buying and buying....the chart spikes almost straight up.Quote:
Originally Posted by SteveSirius
If this happens, the thing to do is watch for time and sales to start slowing down. That is a sure indicator that it is peaking. That is the time to sell. Then kick back.
You may get it wrong or you may get it right, but you will make a profit and then kick back and wait.....as long as it takes...then re-buy low again.
If you are one of the guys that says I am staying in forever, no matter what and this happens, then you will hear the...I should have's......
It is a stock....they ALWAYS pull back on a run...
Keep your eye on the chart and the time and sales in your software plus indicators if you understand them.
That is my tactic and is what I will do.
My idea, personally, is to make a profit....
I don't know how the stock is going to take off on Tues or Wed....but if it takes off slow and is grinding its way up, then I will just play it as normal, but still keeping my sell eye on it.
If it spikes, I will be extra quick and ready to sell when sales start slowing down................then wait.........and re-buy at an acceptable level and pick up more shares if you want to get back in.
Hope this helps.....
Bill :)
At the moment I am holding. If the price goes above my average cost of 56 cents I might sell about 15% and use the money to buy more Sirius Senior Bonds.
15% is a good profit margin on a stock....I don't know squat about bonds...I have never got into them...good thinking IMHO ;)Quote:
Originally Posted by James
Newman can tell you if the bonds are a good idea or not...he knows that kind of thing, you might ask him before Tuesday.
Billhart22-
Thanks for your advice. It sounds very sound. Of course, what is "a lot" in this case? 20%, 50%, 100% - there has been such a cloud over this stock - all at a time when this stock is a darling to so many.
I think your approach of watching the volume is a good indicator of when the momentum may be temporarily petering out, and that there may be some price lowering before any further upward runs.
I'll keep your ideas in mind on Tuesday, and will apply them if, indeed, there is a pause.
Thanks again for your sage advice! I appreciate it.
The truth of the matter is you just never know.....momentum in a spike is the key factor for me. It starts slowing down to a mudslide...then I get out...If you watch your chart, when the stock is slowing down and then takes a dip, then I sell. Too many times you will get a dip or go flat, then an upsurge (people trying to re-establish the momentum) and then flat for a bit and then down with small ups on the way down.Quote:
Originally Posted by SteveSirius
I don't want to be confusing....If it is a smooth down after the initial big run, then it is more likely to be a real selling point. If it is short and jagged then it can go back up, but you can tell when it is getting overweight...but if it is smooth and flat and then spikes and then comes down to about the same level and goes flat then bail.
That is my plan....What is a lot? That is subjective. I hope that I haven't confused the hell out of you. If I did, then just go back to my previous post and run by that if you want.
If there is a run up............and you are past your point of profit.....then keep an eye on momentum. There is risk, as you know, I can tell from your postings in here that you are a really smart guy and smarter than a lot.
That's all that I can think of for now. If you have any questions, please P.M. me along the way and I will try to help if I am available at the time.
I am a chart guy....not a finance guy, like Newman (the Oracle).
I want to see everybody win.
Bill
I am holding for now. I have a substantial stake with a high cost average of $1.07. But I do agree with Bill so I will be watching closely.
it's a bit too tricky for me to call the high and low;
am too inexperienced; too much at stake if i screw up;
am just holding, like i've been for 4 years; adding
more and more shares as it has gotten cheaper and cheaper; but
since the first news about a week ago of the possible 11 bk, haven't
bought at all. too chicken; now am just hoping for good news tuesday, and that in 2 or 3 years there's enough in the plus column to consider retirement
Bill
It was her money!!!!! She kept telling me...I sure as hell hope you know what you are doing!!!She is a bad poker player..falls for the bluff everytime!!!
Weekend very subdued! Will be burying my father later today. Fought a valiant fight with liver/bone cancer. Now in a better place without pain. Have been using the blog as a stress relief..hahaha...if you can call it that.
The spring fling sounds good to me. However, I think Colorado is alittle prettier than DALLAS...it would also allow me to deliver the Makers Mark in person as promised without you having to put it in your carryon luggage. however..you would be very popular on that flight...treated like a celebrity!!!!
Bill/Tripp/Newman/Demian and all of the others
I can only say thank you for the hardwork, updates, knowledge, and rational thinking...for us unsophisticated investors...your posts are appreciated.
I hope Tue is going to be as good as it is setting up to be.
BTW Newman mentioned the other day in a post that he believes Monday is the 2 yr anniversary of the merger announcement! Is Mel good or what!!!!!
Just Sirius-
Sorry about your Dad. I know we all have to go at some point, but it doesn't make it any easier. My thoughts are with you.
Hi Bill-
Thanks for the compliment and your thoughtfulness in your suggestions and offer to let me P.M. you. I really appreciate it!
I'll be glued to the screen Tuesday to watch real time quotes on this and will try to play some of the halts and reversals with a portion of my holdings if there is an opportunity.
Hope the rest of the weekend is great for you!
Thanks again-
Take care-
Steve
Sell options puts.... or buy calls... I personally prefer to sell the puts.
I hope this POST news is real because everyone is really getting ahead of themselves here. It's been too much pain and crushed hope over the years to think this is a done deal yet. It can't be that easy.
Right on. There's a trading window though, 2/17 to 2/23 if the FEB debt deal is sealed.
Are you buying, selling or holding?
With this drama queen of a company it might be better to just drink.
As Jimmy Buffet said "It's five o'clock somewhere".:cheers: and hopefully there will be smiles on Tuesday.
I am very sorry to hear about your father and I wish you and your wife strength and wellness..Quote:
Originally Posted by just sirius
Thanks