Motivated you are Keysmark. A fine jedi might you yet become. Many beers might I owe if successful you are! (in my finest Yoda voice).Originally Posted by Keysmark
SIRIUS XM SATELLITE RADIO FORUM
Motivated you are Keysmark. A fine jedi might you yet become. Many beers might I owe if successful you are! (in my finest Yoda voice).
Sirius_Long_Hauler,
Dont get to caught up in your emotions. When trading stocks you need to have a plan,based on knowledge, and stick to it. Unless you are very experienced, DO NOT day trade. You will lose more money(either through lost gains or just purely lost positions). After research what do you think is a fair price for this stock? Be as conservative as you can. Then as it moves up towards your target you can either have a all or nothing play or tier out. the later is easier on your stomach with less upside.
Edited about below: I didnt realize when i posted that you only sold half. So you felt less conviction of how undervalued it is.
About getting back in. Do you have conviction that the stock is currently undervalued.(which it seems you may "not" think so,or not know, if you got out) If Yes buy. If not you need to do more research because your emotions will make you do things that are unwise. Wait till you have conviction that the stock is undervalued. Even then you sometimes will be wrong and lose money but hopefully you will win more than you lose.
Here is what I have learned since I have been trading this stock. Beware of stocks that have a large float. Beware of stocks that have a high percentage of retail investors. Both will make the stock act unpredictable. To whoever is waiting for the short squeeze(sorry cant remember who recently asked) Chances are slim of a rapid increase in SP because of a squeeze here. To many unsophisticated retail investors in this stock trying to day trade it. The shorts are fairly sure they can get out becasue Remember they have help. Plus the retail investors are still skiddish an any small backward movement or halt of increase. For a squeeze to happen. Longs have to predominate.
Dont think I am saying that I look down on the profit takers. I do not. But I understand becasue there are so many shareholders that are ready to profit take or take the reduce loss. As well as try to day trade to greatness that there probably wont be a substantial squeeze yet if any.
Also hehehe I learned that a trailing stop is a good idea to preserve capital. Luckily I got in at the really high numbers insmall share chunks and only got in with more real money(all mine is disposable for any spec stocks I invest in--that way no emotion) was when I realized it could not go much further at .11 then at .06 (missed .045 .. had a buy in at .041). I was really really sure BK would not happen. And thus took the opportunity to use risk to get my av down to .11 as well.
Now I am a long that will wait till I can cash some out to get back investment with enough free shares
to make me happy. Now I have to battle greed. But I have a plan.. question will I stick to it. I believe that the company is still very undervalued.(remains to be seen if I am wrong) When I think it is just merely undervalued I will pull the first trigger and be with free shares. Then I will have long positions stops that I will teir out at over the next few years with the free shares.
Relmor, Thanks for all the insight along with others I have been able to research a few things that led me to my current position. But you make me laugh about one thing ... You tout so many stocks that cramer does yet you bash cramer.
Dont want a Cramer flame war though. And really no harm meant. As I said before he has his uses ... he does bring up interesting stocks and ideas. Although at a high level I disagree totaly agree with his policy positions and he does flip alot and is unfair(I probably would be too if I got death threats).
Watch out, people rely to much on others and get pissed when they lose money on what is only "advice" and "direction".
Finally the pit in my stomach is gone. And maybe soon the stock will start acting like it should
Last edited by airman; 03-12-2009 at 02:57 PM.
I try to Relmor, I really do. But Tool Rick is using my own words against me in his article yesterday:
I guess my pessimism was warranted.
"These aren't dummies at Sirius XM just throwing darts to provide guidance," a reader responded, claiming that the company should have no problem landing 200,000 extra listeners during the period.
They're not dummies, but they are leaning toward duller and duller darts.
I knew that dartboard reference would bite me in the ass one day!
well everyone, appears we're finally getting alittle pop, hopefully can top .20 by EOD...enjoy the ride
I have my jump boots laced up - ready to jump- The enemy is dug in on each hill, what they don't realize is I'm bringing a division down from the sky - try and stop that.....
things appear extremely eventful in my absence... how the hell did we finally bust the .20 mark.... Am I seeing things...???
Are we going to hold at .20?
I have a question for my more experienced compadre's here. If you place a limit order with your broker and then cancel the order before it is processed. Is there a surcharge just for placing the order?
Thanks this stock is my first endeavor into the stock market and its been a wild wild ride! I AM HOOKED!
I haven't seen .20 yet.... $0.1990 with about 6 million shares available @$0.200.. I think if we hit .20 it will be short lived. I hope I am wrong.
This Level II website is cool..
http://www.level2stockquotes.com/level-ii-quotes.html
Relmor..................... just your H cheerleader and ............................... keeper of the Dog. Hope it helped get everyone pumped. Stay LONG...... Stay STRONG................................ follow the Dog. ....................... killer.
Ok - so the enemy is entrenched on hill .20... got it.... I'll radio down to have the leg infantry form flanking positions..... prior to our jump from above...
Time to take Hill .20!!!
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