SIRI Intraday Thread: Tuesday April 21

[Big Ben]

Exactly what Relmor and the doctor said is why I hate this market and this stock. Look around things are broken everywhere. Unemployment is nearing 15% in some rural counties in SC. There is still 2 trillion dollars of bad debt floating around in space and it has to come down on someones balance sheet, when that happens and commercial real estate comes to a screeching stop...look out. I have first hand view of residential real estate and it is not done going down by a long shot. So when I say get to cash I mean it. Maybe even some hard metals and a safe. LOL don't for get about rice..getting a little crazy sorry.

[Doctor_G]

Answer this Relmor...

When US Citizens are paying a lot more for goods and services and in higher taxes, how does that not effect our Economy and our Market?

My answer is simple and guided in common sense. For instance, when Cap and Trade falls on a Procter and Gamble or a Kellogs or a Kraft...they technically pay the new tax and write the check to Uncle Sam, but we all pay for the new tax via higher priced goods and services in the end. Raise their corp tax rate and the same applies. Always been that way and always will be.

More common sense....
When we citizens are paying higher taxes across the board, it leaves a whole lot less available for investing and saving. How does that not effect our markets negatively?

Folks can say what they will about GW, but his tax cuts in his 1st term helped to make the environment favorable, which allowed the market to make a 14000 DOW reality.

It does matter who we put in office. And fact is, "We the People" still have a voice in this Country.

[Big Ben]

Mogami..that brought a tear to my eye! I could not have said it better. Crying over unrealized anything is useless. People don't understand when it comes time to divvy up the pie...its a new pie we are dealing with...who cares if sally gets 35% and broker joe gets 10%..I still walk with new pie..nothing better than new pie....Man I have been on a roll lately...I can't even keep a straight face..my potty mouth has got to go! I try so hard not to curse and call people loser..its my way of trying to yank you tards out of the buy and hold camp. Preach on MOgami.....my new favorite word is sell!

Now that most are down 40% in todays go easy on the sell button. I am reloading tomorrow in .38 range...after the sure fire take down.

[underway]

Exactly what Relmor and the doctor said is why I hate this market and this stock. Look around things are broken everywhere. Unemployment is nearing 15% in some rural counties in SC. There is still 2 trillion dollars of bad debt floating around in space and it has to come down on someones balance sheet, when that happens and commercial real estate comes to a screeching stop...look out. I have first hand view of residential real estate and it is not done going down by a long shot. So when I say get to cash I mean it. Maybe even some hard metals and a safe. LOL don't for get about rice..getting a little crazy sorry.

Don't buy the doom and gloom argument. sorry. The economy sucks. Been there, done that. Don't know how old you are, but the 70s and part of the 80s weren't great.....long lines for gas in the early 70s, stagflation in the late 70's, high unemployment in the early 80s (almost as bad as now). The biz cycle always works these things out. Lots of pain, thousands get hurt, but it's the way of capitalism....survival of the fittest in monetary terms. It's like the forest fire that rips thru and only the strongest trees and animals make it. Harsh, sucks, but that's the way it is. Socialism and communism try to eliminate the cycle, but, those systems suck even worse: no wealth build up, no innovation, just nanny state and no progress. We will emerge from this recession and stocks will move up.....hopefully SIRI among them! IMHO.

[Ramsey]

Underway - I don't necessarily disagree with the fourth reason, as stated in the provided link re: "Five Reasons to Own Sirius".

One reason that I don't disagree is that Obama added Jeffrey Zients to his staff as director for management of the Office of Management and Budget.

To say the least, I find a bit of comfort in knowing that a Sirius man (pun unintended) will be among the decision makers.

article re: announcement:

http://tinyurl.com/dyb9ej


his Forbes profile:

http://people.forbes.com/profile/jeffrey-d-zients/87705

Here's a link of a new article. Not sure if it's completely positive, cause it's long and haven't gotten thru it all yet since you have to click page by page so you get to see all the f'n ads:

http://www.investorplace.com/experts...iri-part3.html

[underway]

Don't buy the doom and gloom argument. sorry. The economy sucks. Been there, done that. Don't know how old you are, but the 70s and part of the 80s weren't great.....long lines for gas in the early 70s, stagflation in the late 70's, high unemployment in the early 80s (almost as bad as now). The biz cycle always works these things out. Lots of pain, thousands get hurt, but it's the way of capitalism....survival of the fittest in monetary terms. It's like the forest fire that rips thru and only the strongest trees and animals make it. Harsh, sucks, but that's the way it is. Socialism and communism try to eliminate the cycle, but, those systems suck even worse: no wealth build up, no innovation, just nanny state and no progress. We will emerge from this recession and stocks will move up.....hopefully SIRI among them! IMHO.

forgot to mention....my comments don't imply that the subprime BS, with a lot of blame to go around (banks, congress- both parties, etc), and mismanagement and ridiculously absurd compensation for these crooked CEOs, is an acceptable part of the biz cycle: it's not. and that's why we have jails. a lot of these assh##%$ belong there.

[mogami]

Mogami..that brought a tear to my eye! I could not have said it better. Crying over unrealized anything is useless. People don't understand when it comes time to divvy up the pie...its a new pie we are dealing with...who cares if sally gets 35% and broker joe gets 10%..I still walk with new pie..nothing better than new pie....Man I have been on a roll lately...I can't even keep a straight face..my potty mouth has got to go! I try so hard not to curse and call people loser..its my way of trying to yank you tards out of the buy and hold camp. Preach on MOgami.....my new favorite word is sell!

Now that most are down 40% in todays go easy on the sell button. I am reloading tomorrow in .38 range...after the sure fire take down.

Hi, I hope I don't sound like I am preaching. One thing I am not interested in is converting people to my methods or strategy. I share it but I am not selling it. I explain what I am doing nothing more. I really hope others do well since my profits do not require any one else to lose money.
Rather then posting here to rub my profits in other peoples face I am here simply to compare notes, get/pass on news, learn how to make more money faster.
In all prior periods of bad economic news the market has made people money. You just have to figure out the proper strategy for your situation and tolerance. I have a fairly high tolerance I don't worry when I goof and I don't dance when I'm right I go on to the next trade.

[trippingthespeculatingpos]

oh no we just went up 4 cents AH does that mean we are due for another .20 cent drop?

[imromo24]

oh no we just went up 4 cents AH does that mean we are due for another .20 cent drop?

no thats only 10%, we have to wait for 20%, everyone knows that

[SiriuslyLong]

Would / can someone recap exactly what the **** happened yesterday and today, and why it happened.

I was out on the road all day today. I come back to see a 7 cent dip. All I can do is shake my head. A lot happened in 30 hours - like the stock being up 50% 30 hours ago.

Personally, I think "the pro's" simply like to **** with SIRI. None of them make anything unless a trade is made.