Good Morning folks!!! Pre-market has a high of 3.17 currently. Based on my post from last night I think we can go up a bit more. Good Luck.;)
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Good Morning folks!!! Pre-market has a high of 3.17 currently. Based on my post from last night I think we can go up a bit more. Good Luck.;)
Morn ABC! We are down in pre but let's see if Sirius XM can buck the trend. We have option expiration this week so keep your eyes on market volatility going into Friday.
* Rep points +1000 * :money:
Anyone analyze the options for this week? I can only imagine the 30k puts at $2 and $2.50 must be lingereing from early 2012?
otherwise I see around 3.16 as being the close for the week due to the 198k calls there.
note: I'm clearly not versed in options ;)
...and good morning =)
Morning Midas. I was thinking we are at the top or near the top of the hill but we might get a penny or two higher during the day before we retreat.
Target raised to $4 at UBS
http://zolmax.com/sirius-xm-radio-pr...-siri/2932467/
GM all,
With all the price targets being raised, you would think we would continue our upward push. Then again, this is SIRI after all.
David
It may not happen this week, but medium term price will most certainly keep going with the upgrades. Hopefully also leading up to CC we also may very well see higher also. :money:
I see this turning over too, the one unknown is when do buybacks or liberty buying kick in and what will it do to the charts, which are overbought already.Quote:
Originally Posted by abcdarin
IM...yesterday I brought up that question in my post because I did not know how to factor that unknown into the signals I was interpreting on my charts. I guess the answer is I will never know till it happens. Thanks!!
Not much volume trading sideways....
I Hope Liberty or Sirius start buying a bit
This daddy needs a new pair of shoes....
Looking at my charts last night, I think we stay fairly flat the next 3 to 4 days without any news. Will be buying if we start closing in on the lower BB.
The lower BB is a long ways away RC, currently 2.82. Maybe the mid point of the BB which is currently $3.01?? or do you think we will break through that $3 level and the mid BB and test the lower BB before it gets into the 2.90s...Quote:
Originally Posted by Redcloud
Im talking about the 5 day BB for a buy, the monthly chart looks like we stay fairly flat for a few days before continuing any uptrend to CC. ImoQuote:
Originally Posted by denco1
Where does the bottom of the 5 day BB currently sit?Quote:
Originally Posted by Redcloud
EDIT: Looks like 3.11. Is that price point you are referring to??
I've said all along that I think we will eventually fill the gap at 2.91-2.95, and that might be confirmed by the fibonacci retracement calculation where the 50% correction places us exactly in that gap. While that remains slightly above the lower BB, this analysis seems to agree with what Red is looking at.Quote:
Originally Posted by denco1
Not at computer right now. Ill check for ya later this evening.
I do think we fill that gap as well but the BIG question is does it fill before or after the CC?Quote:
Originally Posted by siriusly_invested
EDIT: Unless things really breakdown in the Macro or some unforseen Bad news in SIRI, I don't see us filling before the CC with the fact that we just got over on HIGH volume a resistance level at 3.15 and have traded over $3 all year without exception of any day in 2013. I would think we have built up some pretty strong support at the $3 level.
Then again with the controll the MM have, anything can happen. If we hold the 5 sma and more importantly 3.15 today, that would be a nice confirmation of Fridays heavy volume action.Quote:
Originally Posted by denco1
EDIT: If we don't then we are going to retrace. The question is how far...20 sma??
:scared::banghead::confused:Pardon the duplication, but I am experimenting with various charting tools. My previous chart was printed on Freestockcharts.com and copied here. This chart represents the same data as the last chart and is created using the Think or Swim charting tool at TDA.
This one is a bit more precise as it specifically identifies the 50% Fibinocci retracement at 2.92, and it includes the BB mid point trace. Unfortunately Denco, it isn't smart enough to inform just how low the retracement will be once it occurs. Personally, I'm going to lay in wait at the Gap, but will be prepared to belay my buy orders there until confirmation of the bottom price in the retracement. I know that is easier said than done, but at least that's my plan.
A bit quiet today???
I was a betting man that Liberty picked up a few with all that vol the other day....
I take solace in that they will within the 60 days of the fcc rule....What day are we on now??