Sirius XM February 2016 Thread

[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.

First sell fired off ~@50% retrace (3.52).

[waldo29]

First sell fired off ~@50% retrace (3.52).

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.

Second sell(s) fired off @ 61.8% (3.575). Now we wait, how long not sure. We have some money flows coming in to the market mid March ('forced' buying). May need to get through that before I see the fruits of the labor.

FX is acting back up, should bleed back in to the Equity market soon. So, it remains to be seen if the SnP will hit the targets for me to short. Won't (don't) chase. If I miss the boat, I miss the boat.

[dm_4]

I am actually pretty happy with that 2.75 call. I have a feeling you won't be. Don't worry, you have a 50/50 chance o making money in the next 6 months on your last two. You also have a 50/50 chance of an aneurism out of frustration.

Was never worried...i was confident my buys would pay off more quickly than your 50/50 chance six month projection. Taking advantage of the upward movement in sp and selling over the last few session and paying myself. Sold off in lots and made over 2500, not a killing but for a few week trade....i am happy. Bring on 2.75...plenty of powder here.

[waldo29]

First sell fired off ~@50% retrace (3.52).

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.

Second sell(s) fired off @ 61.8% (3.575). Now we wait, how long not sure. We have some money flows coming in to the market mid March ('forced' buying). May need to get through that before I see the fruits of the labor.

FX is acting back up, should bleed back in to the Equity market soon. So, it remains to be seen if the SnP will hit the targets for me to short. Won't (don't) chase. If I miss the boat, I miss the boat.

Need to go with the 4.20 to 3.29 fib. I'll take the .05 hit on the call, got get it there to sink the putt anyhow. [Hind Sight] makes sense with the top end of the 3.36-365 range. Press it with a 3.70 stop on the short[s].

Look to FX as your lead.

[MUSCLE13]

Here is a nice Sunday Business Front Page Story from the NY Times just for you Brandon!

SiriusXM Fights to Dominate the Dashboard of the Connected Car

http://www.nytimes.com/2016/02/21/bu...ected-car.html

[getsirius]

Good article Meathead.

Here is a nice Sunday Business Front Page Story from the NY Times just for you Brandon!

SiriusXM Fights to Dominate the Dashboard of the Connected Car

http://www.nytimes.com/2016/02/21/bu...ected-car.html

[MUSCLE13]

Good article Meathead.

Thanks Brandon. I knew you would like reading it. Enjoy!

[dm_4]

pushing 3.70? But i thought sub 3.00 was coming?

[dm_4]

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of Director

On February 18, 2016, Anthony J. Bates gave notice of his resignation as a member of our board of directors. Mr. Bates resignation was effective on February 19, 2016. The decision of Mr. Bates to resign was not the result of any disagreement with us on any matter relating to our operations, policies or practices.

[waldo29]

Need to go with the 4.20 to 3.29 fib. I'll take the .05 hit on the call, got get it there to sink the putt anyhow. [Hind Sight] makes sense with the top end of the 3.36-365 range. Press it with a 3.70 stop on the short[s].

Look to FX as your lead.

3.29 to 4.20 fib confirmed with the 50% hit. Stopped out of one of the 3.57 sell only. Back to a 4.05 avg. Plan stays the same other than a time frame shift. Probably pushed beyond the pension money flows for the market around mid March.

Still in new project land.