SIRI Intraday Updates for the Week of 3/09/09

[sl62]

I would have broken even at .205. O well. I'll buy in @ .25 if that's the case. I will buy some today though. I am wiring 10k to my account.

>>I am wiring 10k to my account.<<

LOL..I suspect there is a lot of that going on right now as we speak. People are going to start wanting in this SP again...all good. I ask..what's not to like? Where is the downside risk right here? Smart money knows we are only here becuase of debt issues.

We do need to keep shorts in mind. It's worth mentioning again that shorts will never just disappear. They know there is still a high level of anxiety yet here. So they will let it run a bit but most likely will strike back once or twice in the interim here as it keeps moving up... something to keep in mind..

[Sundevil]

Not with Zecco apparently. They let you buy and sell, then you have to wait 3 days to settle to buy again. Some brokers allow you to buy after the sale, but you can't sell for 3 days.

Yep...I got zecco too.. now that they have eliminated free trades, I am about to drop them but don't want to miss any opportunities during a transition to another broker.

[sl62]

Also, I thought with margin + 25k you are allowed any amount of "round trips" since you are considered a day trader?

yes..25K gets you any amount of RT's...

[mogami]

Mogami, each hill will be taken at the tactically appropropriate time! I've got a few RPGs to use when needed because we are encountering some light resistance - now at .1900. Take the point and recon Hamburger Hill.

Someone needs to tell our REMF's to raise their sell limits to .25
We can't advance up this hill with all these cowards running down off it. Wheres Patton?

[relmor2003]

Media has released its first negative spin on the CC, as I feared. Hammered no guidance and slowing growth. (sound familiar to my concerns the other day?) Buried the Iphone angle at the bottom.

[Wolf Child]

Dow Jones report is killing us!



shake it off.

[relmor2003]

Someone needs to tell our REMF's to raise their sell limits to .25
We can't advance up this hill with all these cowards running down off it. Wheres Patton?

Agreed, as feared, long term holders acted as a hedge on our rise today. Too bad. But cant blame them. If this surge is legit, it will have to hold ground at .18 cents, otherwise it was as I feared, MM's playing the CC, and now the media will attempt to help in a takedown.

Media 0
Investors 1.
First media take down attempt has failed for now.

[sl62]

News is in. This is legitamite buying. The street liked the CC, news about the Iphone, and accepted no guidance. Well see though. Never trust the MM's. They could be playing the CC still. Im neutral right now at .19.

Volume is no coincidence though.

Good point Rel...

MM's will always play their games...gotta run.. bbl

[bananaz]

I don't. I've learned that much here, anyway.....

[QUOTE=relmor2003;19362] Never trust the MM's. They could be playing the CC still.QUOTE]

[relmor2003]

Looks like the first media report might have backfired, lol. They tried to make it sound as bad as possible, and still the stock has held even gone up since it came out.
I could have written to sound much worse, so maybe the media is letting up a bit. Mel didnt say the economy sucked, instead he said the auto industry is "terrible". Why not say, challenged, or a bit pressured, lol. Mels an idiot. I should write his speeches.