heading out be back later,hope we close over .40..
actually i forgot i still got a 1000 shares of siri in my scottrade account at .13, hehe forgot about those i guess ill keep them truly long :0, only selling those if i think r/s is around the corner. lol you thought you got rid of me :O
GOOD LUCK to those who took .38 advice...those guys over at Waves use charts and candles and averages and can't predict S$%T. Most of them are just SHEEP and having visions of grandeur. Their egos are bigger than their actual size. I won't mention names but most are dilussional.
Bottom Line...This stock will meet expectations on it's own once some profit is shown. In the meanwhile the MM's will play the game and jerk the weak holders around along with the poor opinions over at the WAVE.
yes there is no reason for this stock to be trading this low, but reason has been thrown out the window.
I am going to ask the more knowlegeable on this site, which is most likely everyone compared to me:
On the sell and bid level 2 quotes, are the 100 incremental offers that keep popping in just under/over the larger trade orders the MM's holding down the pps? I am watching the orders come in and it consistently seems that small incremental trades "push out" the larger ones, especially in the last 10 minutes of the trade day.
Sorry if this is a beginners question, but I haven't been watching the level 2's for long. Thanks.
The BK threat tanked it, and now it's stuck here because of dependency on auto industry and resultant loss of subs, and no clear marketing plan to reverse this trend. The good news about FCF is encouraging, but it's not enough to pull this thing up without a strong indication that subs will stabilize and grow. The iPhone is a ray of hope...but, again, hard to say whether it will create enough sub gain to matter. I sure hope so, but it's a very big unknown. Until all of this uncertainty melts away, we're frozen in this range. Sucks, but I think that's the way it is for now. I'm long with a lot of shares, so I'm hopeful.