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Morning All
Charles, I like the idea of the lurker lock down limit action. Maybe even 10 posts to make things even a bit more private. 5 posts is pretty easy.
SIRI looks like it wants to test a bit lower with a close under the 5. We shall see today. Here's hoping for a pop back up over the 5 and then 3.15. A little good news would help but things look a dry till CC more than likely.
'mornin Denco and others as they awaken and find their way here.
I agree that we likely will continue to see lower sp today, and hopefully it'll rebound before it finds that gap down around 2.92. I have dry powder in waiting there, just in case, but would rather see a test of 3.15 and above. No good news on the horizon that I see. I just searched Investor Relations over at the SXM site, but nothing mentioned yet of a scheduled date for the Q4 CC. Does anyone have a guess when that will be?
Just as a "stock pick" tease, take a look at FSLR (First Solar). Looking back 6 months or so, note how it consistently reverses off of the upper and lower trend lines respectively. It has recently bounced off of the upper trend line, and now we see the BBs beginning to narrow while recently also the 50dma has ascended the 200 dma, forming the Golden Cross. I'm thinking a buy at the support (lower trend) line ($28.75 or so) might be a profitable move to consider. Just a thought....... and if it continues to look promising, I'll post it over in that other thread.
A Different Investment Idea....
For those that listen to the radio show, I outlined a pharma company that I have invested in that I believe has potential. I shared that company last evening. In addition I wrote a piece on Seeking Alpha about it. The company is Retrophin and the symbol is RTRX. The article link:
http://seekingalpha.com/article/1117...huge-potential
Thanks for the tip... I'll look into it.
Quote:
Originally Posted by Spencer Osborne
Morning guys!!!! I have been looking at that gap (2.95-2.92) and here are my thoughts.
1.Good support in the $3.00 area from the run up just prior, with peaks that topped out around December 18 with good volume. Good volume = good support.
2. A retrace from our last leg up starting the first of January using a 62% retrace, would put us at $3.00.
3. This one is close, but a support trend line that started on June 25th could possibly also not allow it to happen.
4. So with all that I don't know if it will fill. Just a guess.
You guys know more than I do. So I would appreciate you comments.
Thanks from the dumb azz investor:D
So it looks like we gapped up slightly today; previously close of 3.12 and an open of 3.14. Anyone playing this gap?
David
I snagged some 3.12 late yesterday. I don't think there's a gap to worry about.Quote:
Originally Posted by yoda4x4
Through the last three years I've been accumulating shares in siri . My left pocket holds shares to be held . My right pocket holds shares that I took from the left pocket to play with daily , weekly, monthly with the idea to see what I could gain in additional shares . To date I've done pretty well . Many times I've wanted to sell and get the hell out .FOMO had alot to do with it. Nonetheless I held to my original plan and it has worked .
Stephen Faulkner put out an article I really liked. For those why may have missed it try this read. http://seekingalpha.com/article/1116...ticle_readmore
Just when you think he's breaking down......doggy sports a little chub and gets back to business.
Will be interesting to see if 3.15 holds again after a EDIT - Two - day closing dip.
EDIT: Seems the trading pattern has changed. Maybe because we are in a market that still wants to move higher.
CLR, However you wish to proceed is great, by me. I am just happy SB is full of activity- a great alternative to SWP and its successor site.Quote:
Originally Posted by denco1
+1Quote:
Originally Posted by SlapShot27
can we break thru 3.16? i'm tempted to try to unload some at 3.16 in hopes that we see a little drop to pick some more up around 3.10ish.
thanks spencer for the good read on RTRX. sounds like it could have some potential
Sheesh what a battle here at 3.16 3.15. I found a rising wedge pattern on a two month chart, daily. If 3.12 breaks its going down. If 3.17 hits its going up.
My chickens have all been counted and are in one basket for safe keeping!
That means I'm out and betting down. But I'm very concerned. If the rising wedge doesn't break then we get one more move minimum out of it to the 3.20's. Which we should have gotten from the cup and handle breakout so its possible.
I'm playing that the breakout of 3.01 needs tested and with two weeks or more till earnings I'm guessing no surprise news.
Quote:
Originally Posted by imromo24
I don't really see us tanking going into the CC...maybe after. I may peel a few off
I got Feb 7 for conference call and report, correct?
Nothing official from Sirius XM yet. Probably notification within next couple of weeks.
The below was taken from my Scottrade account:
"Sirius XM Radio is Among the Companies in the Cable & Satellite Industry With the Lowest P/E Ratio (SIRI, DTV, DISH)
Tuesday 01/15/2013 11:00 AM ET - Financial News Network Online - News Corner via COMTEX
Below are the three companies in the Cable & Satellite industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Sirius XM Radio (NASDAQ:SIRI) is lowest with a P/E ratio of 5.93. Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio. Over the past year, Sirius XM Radio has traded in a range of $1.78 to $3.19 and is now at $3.15, 77% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%"
David
As far as lurker lockdown, although I think 5 reasonable, anymore I think is unfair. I for one work at a Lowes warehouse during the day and am not able to post as often as I like. Day traders and those that are freely able to be at computer during the day may think it is easy to post. But it looks like I am outnumbered.
I think that options have a play in why we are hovering so far above 3.00 IM not seeing the gap at 2.95, but there is definently one at 2.89. I firmly believe that we will fill that gap at some point.
Liberty has around 50 days ( or so) to get over 50%. Liberty always seems to buy at a discount price, surely they won't buy at the 5 year high. Thats just my 2 cents..
Quote:
Originally Posted by abcdarin
Sirius XM Radio to Announce Full Year and Fourth Quarter 2012 Results
Company to Webcast Earnings Call for Investors and Media
NEW YORK, Jan. 17, 2013 /PRNewswire/ -- Sirius XM Radio (NASDAQ: SIRI) today announced that it plans to release full year and fourth quarter 2012 financial and operating results on Tuesday, February 5, 2013.
(Logo: http://photos.prnewswire.com/prnh/20101014/NY82093LOGO)
SiriusXM will hold a conference call at 8:00 am ET on Tuesday, February 5, 2013 to discuss these results. Investors and the press can listen to the conference call via the company's website, www.siriusxm.com, and on its satellite radio service by tuning to Sirius channel 123 or XM channel 173. The call will also be available on the Sports Play-by-Play channel 962 on SiriusXM Internet Radio as well as through the SiriusXM Internet Radio App for the Apple iPad, iPhone, and iPod touch, and on BlackBerry and Android-powered smartphones.