Bear in mind that Fridays typically have been cover-your-short-ass-fridays for several weeks now. That should create even more buy side pressure.Originally Posted by Paratrooper_Rick
SIRIUS XM SATELLITE RADIO FORUM
Bear in mind that Fridays typically have been cover-your-short-ass-fridays for several weeks now. That should create even more buy side pressure.
Thanks for the quick response guys. Good I cancelled my sell order of half my holdings at .20 I'm going to keep riding the Big Blue Dog! (No not in that manner!)
Talk to me next January.
Here was what I was referring to
"The company acknowledged in the call every concern that I had brought up"
although they removed guidance they did not acknowledge that WILL lose subs for the year going forward.
Agreed, but aren't shares sold also shares bought? If they are not short sales, don't these sales/buys support higher movement? I'm just trying to learn here. Thanks for any clarification.
Airman, I dont tout any stocks other than SiriusXM. My mention of AUY was only as an example. I was into AUY before I knew Cramer talked about it, and was paralized with fear when he recommened a buy on it. I sold that day. I still play it as it is an excellent gold play, with huge ups and downs. I look for stocks with volatility in areas I can understand. But overall , AUY is up over 100 percent from its lows now, and very few stocks can say that. Cramer recommended selling AUY at $4. Hes my contrarian indicator. Love Cramer, and hate him at the same time. More hate...
Thanks Brandon - it's good to have some experience in here to reveal what's going on - Sometime I really need to have you smart guys explain the candlestick/dip/trough pattern recognition things that you brokers/former brokers look for.
Hopefully we'll level out in the .20s somewhere again and consolidate.... that would be a real nice step ...
Actually, that's what technical analysts do. Brokers sell investments and ideas.
No, but its not a good sign, as they decided to give guidance in their only sure positive, cash flow, but hey thats a great one to mention. If they were gun ho about sub increases, you bet your silly butt they would have said so. As they didnt, we can only assume they expect modest growth, or no growth at all. Remember, they gave sub guidance for 09, in their Q3. It was for over 20 million if I remember correctly. They must feel this is no longer possible. Remember, Mel said lets take the worst case scenario, lets say they only sell 12 million cars...He was 3 million cars off, and didnt want to get caught even predicting worst case scenarios, which might miss too, as this economy is now completely unpredictable going forward(never tried to reinflate the economy with so much money before), and the worst case scenario would cause a panic anyway. I say he should have just went for it, and held sub guidance, with a caution a change might come later. Say were doing great so far(vague). They need momuntum now, while the market is bottoming, not later when its up 1000 points already.
Are they really as accurate as they tout themselves... or is it smoke and mirrors..? From what I've been able to tell - fundamental rules haven't been applying to SIRI...
back up slightly.... might be pushing closer to the envelope again....
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