Sirius XM February 2016 Thread

[MUSCLE13]

Pandora down big on earnings. I think there are possibilities. The lower it goes the more intriguing it gets. Connected car is coming......

Let's just throw a scenario out there for fun......Jump in the car. See an AM button an FM button, a Sirius button and a Pandora button right next to it? Sirius for subscriber revenue Pandora for advertising revenue. Just speculating. What are your thoughts Brandon?

[MUSCLE13]

Pandora down about 20% this morning Wow! I hope it keeps dropping. So interesting to watch from the sidelines. Hit new all time low I think. No opinions Brandon?

[MUSCLE13]

Now this is interesting. Sirius owns about 1/3 of SiriusXM Canada, which could be going private

http://finance.yahoo.com/news/sirius...153953035.html

[waldo29]

Covered the short from this trade this morning at the open @ 3.35. Round Trip, net .14. The [new] gap that was created @ the open has been closed. Struggle to hold @ the 23.8% (3.40), using 3.74 and 3.29. We happen to break through I short (for a trade) @ 3.45/3.46 (38.2% retrace level).

Still hold my main short @ 4.07 avg.

Did not get a chance to short @ the 38.2% retrace, I'll split the sells in two and be happy with getting one. First one will fire off at the 50% retrace (or above) and the second, if it gets there, will fire off at 61.8%. I plan on holding these for a bit longer than a day trade this time around so my 4.07 avg will be coming down a bit. Regardless, the TA is playing out properly for a sustained visit to the 3.05-3.35 range, however it may take one to three weeks to manifest itself.

The same goes for the broader market, sell the rally as we approach the 50% retrace and then again @ the 61.8 retrace. I would advise skipping 23.6% and 38.2%. Be happy with one sell if you are shorting, but take two if you can get it.

Need to kick off a few new projects, no more post for a few weeks.

[dm_4]

Did not get a chance to short @ the 38.2% retrace, I'll split the sells in two and be happy with getting one. First one will fire off at the 50% retrace (or above) and the second, if it gets there, will fire off at 61.8%. I plan on holding these for a bit longer than a day trade this time around so my 4.07 avg will be coming down a bit. Regardless, the TA is playing out properly for a sustained visit to the 3.05-3.35 range, however it may take one to three weeks to manifest itself.

The same goes for the broader market, sell the rally as we approach the 50% retrace and then again @ the 61.8 retrace. I would advise skipping 23.6% and 38.2%. Be happy with one sell if you are shorting, but take two if you can get it.

Need to kick off a few new projects, no more post for a few weeks.

didn't you hedge that 4.07 when the price started creeping up on you around 4.15ish?

[waldo29]

didn't you hedge that 4.07 when the price started creeping up on you around 4.15ish?

I hedged right after my 11/16 post which laid out the plan. The avg, at that time on the short was 4.10. I followed the plan exactly as I laid it out, sell the hedge into/on the HS announcement.

[dm_4]

I hedged right after my 11/16 post which laid out the plan. The avg, at that time on the short was 4.10. I followed the plan exactly as I laid it out, sell the hedge into/on the HS announcement.

Don't ever recall a specific post about you actually selling tho kinda how like you do with letting us know your covering short. Your original exit plan on short was 3.80....but you held it all this time. Midas is correct....you are amazing.

[waldo29]

Don't ever recall a specific post about you actually selling tho kinda how like you do with letting us know your covering short. Your original exit plan on short was 3.80....but you held it all this time. Midas is correct....you are amazing.

I may go short for a trade and long for a trade at anytime, when I am referencing the main short position I'll reference the average price for clarity. I probably won't be adding to 4.07 avg short again before I cover (other than @50% and @61.8%).

You are correct, the original exit plan (early November) was in the high 3.80's (3.86/3.87). With the announcement of the tracking stock split and interview hints (concerning HS), I changed my area to cover to the lower end of the 3.65-3.95 range and allowed additional time to play the HS pop for a trade. I did not get a chance to add to the short at the upper end of the 3.95-4.24 range.

Due to the velocity of the selloff and because we broke through 3.65 hard on 1/20 (but closed above), I changed my mind on the 3.65 cover. I added to the short position when we got confirmation that 3.65 was no longer going to be defended (three closes). Similar behavior is being exhibited in the 3.35-3.65 range, all we need is time to work off some oversold conditions or a left field macro punch and we will challenge 3.35 again.

Until then, trade the Fibonacci and moving averages to generate income.

[dm_4]

Burrrrrp.....delicious Chinese lunch. Miso soup followed by general gau's chicken.

[waldo29]

Did not get a chance to short @ the 38.2% retrace, I'll split the sells in two and be happy with getting one. First one will fire off at the 50% retrace (or above) and the second, if it gets there, will fire off at 61.8%. I plan on holding these for a bit longer than a day trade this time around so my 4.07 avg will be coming down a bit. Regardless, the TA is playing out properly for a sustained visit to the 3.05-3.35 range, however it may take one to three weeks to manifest itself.

The same goes for the broader market, sell the rally as we approach the 50% retrace and then again @ the 61.8 retrace. I would advise skipping 23.6% and 38.2%. Be happy with one sell if you are shorting, but take two if you can get it.

Need to kick off a few new projects, no more post for a few weeks.

I need to add, 1-3 weeks is a best guess. Not going to worry if it takes more or less time.