Sirius Weekly Thread Week 9-08.09

[Big Ben]

After looking at the graph for FAZ and watching the morning spike erode, I picked up 100shares at 22.31....my last pick up was in the 23 handle. The markets feel like they want to slide and FAZ is moving up. I tried to get 50 at 22.25 but stock popped quickley...I canceled, doubled my buy amount and will wait for the crack. GL, DYODD.

[candleman]

FAZ is taking a beating, where is the bottom on this, no clue...I do believe in the shorting the banks but as you can see blind optimism is running wild on Wall Street again. I would not be surprised to see the dow run all the way through 10k. I might add to that position if it continues to slide, currently down 15% on 300shares.

As for FXP, I think it is near the bottom of its range, if you were going to start a position for a trade anywhere in this range would be good. This stock runs back to 11 pretty quick when it starts to move and last time it broke out to the upside a little bit. Next time it hits 11 I am cashing out 1/3 of my position and waiting for the dip to come. Currently down 7% on 300shares. I would leave FAZ alone and wait for the crack in the markets, with FXP I would pull the trigger anywhere around 9ish.

Big Ben

As for our darling SIRI it seems to be stuck in the mud.

Thanks Ben!

[Jworld]

Jworld,

Here is some info you might not find on here from all the pom pom cheerleaders, a reverse split is still very possible....it is on the table and once the delisting notices take affect it could very well happen. If it was so easy to get a stock to the dollar menu then believe me Mel would have done it. The moves you made buying in the teens and selling in the .5s is the right move...never ever figure you missed anything with the pop to .77. Pick a stock, pick a price, and when your stock goes through that price, sell that shit! Losers calculate what could have been and you don't sound like most of the losers on here. Looking back on Monday morning and saying I should have picked up the blitz or I should have hit the first check down is for the media. Your in the actual game, you make decisions in real time and you must live with them...everyone kicks ass on Monday in the film room. The time to get long with SIRI is after the reverse split, once the stock splits and the shorts grab it by the balls you will see a nice pull back without 4 billion shares outstanding, this will be the time to start accumulating a long position, until then trade the shit out of these gimme swings as I call them. I missed 500$ last week, not a big deal but I missed my buy by half a penny. I still believe we are in a bear market rally and once all the idiots have their money off the sidelines and back in the market, look out for the pull back that all the smart people know is coming. When that happens SIRI will get pulled back to at least the mid .5s. Oh yeah another thing, SIRI is still losing subs..you won't find that info on here. Good luck ace. I post most of my moves as I am doing them or before I enter them into the open market.

Big Ben

I appreciate the insight and knowledge and i agree...................

[winagain35]

Jworld,
Oh yeah another thing, SIRI is still losing subs..you won't find that info on here. Good luck ace. I post most of my moves as I am doing them or before I enter them into the open market.

Big Ben

I'm curious how you arrived at this conclusion? From everything I've read Q3 will show positive subs - Not sure how the entire year will stack up, but it does appear that Q3 and likely Q4 will show sub growth.
I agree that a reverse split is still a possibility, but even if that happens, it's a YEAR away. That's a long, long time. Waiting for a reverse split as an entry point doesn't seem to be prudent. Waiting for the delisting notice however, might provide a reasonable buy opportunity.

[candleman]

I'm curious how you arrived at this conclusion? From everything I've read Q3 will show positive subs - Not sure how the entire year will stack up, but it does appear that Q3 and likely Q4 will show sub growth.
I agree that a reverse split is still a possibility, but even if that happens, it's a YEAR away. That's a long, long time. Waiting for a reverse split as an entry point doesn't seem to be prudent. Waiting for the delisting notice however, might provide a reasonable buy opportunity.

I don't understand that thinking either. SIRI is a great stock to invest in and trade when it's in the mode that it's in now.
Yesterday I picked up 10,000 shares around .64, today I sold them at almost .67. That's a nice 274 dollar profit in 24 hours. I don't know how much more some people want.....
This was a win-win situation. If they wouldn't have risen today, 64 cents was still a great buy in point to hold onto for a little while. Folks who are waiting for the fifties or forties are missing out on profit right now.

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[john]

I'm curious how you arrived at this conclusion? From everything I've read Q3 will show positive subs - Not sure how the entire year will stack up, but it does appear that Q3 and likely Q4 will show sub growth.
I agree that a reverse split is still a possibility, but even if that happens, it's a YEAR away. That's a long, long time. Waiting for a reverse split as an entry point doesn't seem to be prudent. Waiting for the delisting notice however, might provide a reasonable buy opportunity.

That because Big Ben doesn't make sense. Him always calling for a pullback in the market is the samething as he has been doing since dow 9,000. He thinks if or when the dow hits 9,800 or 10,000 before it pulls back makes him correct in him calling a pull back since 9,000, well it doesn't. Big Ben doesn't make sense because when he says sell here and dont buy until it comes down to here but then says (after the PPS moves up and never gets to where he said it would), Hey I bought where I told everyone else to sell and I sold that for a profit so you see my system works, WHAT.


Thats right and when Mel says they had positive sub growth in July and then there was the "Cash for Clunkers" effect that well go well into Aug., Sep., and Oct., (need to have some knowledge of the metrics and how the OEM contracts work). Is it any wonder why Big Ben does not know what he is talking about.


As another example goto his last post on this issue and what he was going to wait for the PPS to get to before he buys back. After those kinds of post will it make any sense when he comes back and says I bought up here if the PPS never gets back to what he was saying it would. He will make as much sense then as he is now.

[candleman]

OK, where are my pom-pom's??? I know they're around here someplace....

Up 3% for the day, not bad!!! Rah Rah Rah

I know that there are still plenty of people waiting for us to bottom out in the low fifties again. But, I'm afraid they are just going to get old and not get any stock.

[candleman]

PreMarket volume is pretty high today at over 2 million shares. The price is up around .68
Anyone have any ideas on what's driving the price back up yesterday and today?

[mrmertz]

PreMarket volume is pretty high today at over 2 million shares. The price is up around .68
Anyone have any ideas on what's driving the price back up yesterday and today?

Yes...

...our pom-pom cheers!