SIRI Intraday Updates for the Week of 3/16/09

[Dogstar]

I think our founder has lost his/her mind! Check this out. Tell me this is not the way of the future.

http://www.sirius.com/backseattv

Every car will have one. Mark my word. Every car! Dont sell your shares soo cheap!

-DogStar

[xitvp]

I see your making friends in new places John. Never boring....
Media is back in full force. To me, that is irrelevant now. Its going up, and this is to simply keep new longs out, daytraders away, and make old longs book profits with fear media tactics. Trust the action, not the news.
Looking at the charts.
5 day sto. show an upturn coming, and hasnt been wrong the last 4 times(important). 5 day MACD in on a downtrend, but leveling, and has leveled before in the last 5 days and has returned up. Still hugging and going over the 50 DMA nicely. 5 day support has held easily, if a test is coming it would hit the 50 DMA at 22-23 cents(almost hit it intradday today). This could be a intraday today test, as its close enough.
1 and 3 month charts are less promising. Both reveal a retrace coming soon. Im guessing no lower than the 50 DMA.
Heres my take.
If .25 fails to break tomorrow, we will see .23 again. Thats the support now. If it breaks .23 it might just be a head fake, and not gain momentum to .20.
If it does break .25 cents there is no resistance to .32 cents, it FREE AND CLEAR. 200 DMA is way above that, and that is the last consolidated support the stock had. Goes all the way back to Nov.3rd, where a new downtrend continued.
Clearing .32 opens up a trading range of massive consolidation between .36 cents.
The next resistance is .50 cents, and would be sustantial.
Then .60 cent range offers some, and the .80 cent range offers some.
Then massive resistance at 1.00 again.
Once .25-.27 clear(might be a range of resistance here, as I was looking down on Level2, and its clear to .32, I dont think .30 cents will offer much. It will slice through .32 to .36 quickly. This can be useful knowing this when deciding at what points to sell, and when a retrace may occur. Once again, I wouldnt put much into the bollinger bands yet. Bollinger band works better on shorter term charts, for intra day trades. I dont like it for penny stocks long term. I am charting the trendlines now. I should be done tomorrow, if I can figure how to post it. This will show areas of resistance and support much clearer.

Excellent analysis...! I would love to see us clear that .25 hurdle early tomorrow....

[Dogstar]

I think some people think this is a chat room for their favorite online broker.

Supposed to be about SIRIUS stock.

-Dogstar

[airman]

Relmor, I agree I think when it clears .26 it is a run to .32 or .49 .
I just am not sure it will break out till after Q1 results. Dont get me wrong it should, I just dont have confidence that it will. At least above .32 that is.

A siri related comment ... that felt good!

[tucknroll]

I see your making friends in new places John. Never boring....
Media is back in full force. To me, that is irrelevant now. Its going up, and this is to simply keep new longs out, daytraders away, and make old longs book profits with fear media tactics. Trust the action, not the news.
Looking at the charts.
5 day sto. show an upturn coming, and hasnt been wrong the last 4 times(important). 5 day MACD in on a downtrend, but leveling, and has leveled before in the last 5 days and has returned up. Still hugging and going over the 50 DMA nicely. 5 day support has held easily, if a test is coming it would hit the 50 DMA at 22-23 cents(almost hit it intradday today). This could be a intraday today test, as its close enough.
1 and 3 month charts are less promising. Both reveal a retrace coming soon. Im guessing no lower than the 50 DMA.
Heres my take.
If .25 fails to break tomorrow, we will see .23 again. Thats the support now. If it breaks .23 it might just be a head fake, and not gain momentum to .20.
If it does break .25 cents there is no resistance to .32 cents, it FREE AND CLEAR. 200 DMA is way above that, and that is the last consolidated support the stock had. Goes all the way back to Nov.3rd, where a new downtrend continued.
Clearing .32 opens up a trading range of massive consolidation between .36 cents.
The next resistance is .50 cents, and would be sustantial.
Then .60 cent range offers some, and the .80 cent range offers some.
Then massive resistance at 1.00 again.
Once .25-.27 clear(might be a range of resistance here, as I was looking down on Level2, and its clear to .32, I dont think .30 cents will offer much. It will slice through .32 to .36 quickly. This can be useful knowing this when deciding at what points to sell, and when a retrace may occur. Once again, I wouldnt put much into the bollinger bands yet. Bollinger band works better on shorter term charts, for intra day trades. I dont like it for penny stocks long term. I am charting the trendlines now. I should be done tomorrow, if I can figure how to post it. This will show areas of resistance and support much clearer.

relmor...interesting post...i'd like to get back in around .20-.21 but if not i'll take what the market gives .....

[Dogstar]

Thats serious analysis Relmor. Sound like a professional broker. Hope you are right about it. Im done selling this stock for now. Im just hangin in there till it is back to 2 dollars or higher.

Granted SIRI has serious debt. But what everyone is missing is the upside potential here. Repeat UPSIDE POTENTIAL with SIRI. I dont think anyone has better growth potential than SIRI.

Growth potential is what drives stock price. I see Sirius and Sirius TV being in every car on the market. Who would not want it in their new car?

http://www.sirius.com/backseattv

Stay long with SIRI.

-Dogstar

[tucknroll]

I think our founder has lost his/her mind! Check this out. Tell me this is not the way of the future.

http://www.sirius.com/backseattv

Every car will have one. Mark my word. Every car! Dont sell your shares soo cheap!

-DogStar

i own some ICOG, same programing it appears, but not nearly as far along and with debt hanging overhead and coming due in august.....

[RMAN]

I sold 50 thousand shares at 24.63 in order to buy back in today at .21.....I hope for once I did something right

Wow sold 50,000 @ 24.63!

You really made out today

[dmo2424]

my sincere apologies for upsetting any of you with my perceived attack on the college kid for putting in 125 bucks. I think it is a stupid move but most of you who say that it's his right are correct. Look what gets me most is when the "unsophisticated" random investors jump in and jump out just trying to make a quick buck akin to gambling on the roulette wheel. If you are here to learn something or offer something or even invest short term or long term, then great. But it was obvious (at least to me and John) that this kid was jumping into something he couldn't possibly understand and would not profit much from only a few hundred shares... but it is his right. I suppose it's just another frustration of mine having watched retail investors jump in on a whim and jump out on a whim while us longs feel some of those consequences. Good night and good luck to you kid...

[Dogstar]

DMO,

We all have to start somewhere. Its always good to encourage a new or young investor. Let them make their own mistakes, its the only way to learn.

You must admit its good first hand experience to learn by experience. I think we have all learned a lesson with this recession our retirement savings and even in the way SIRI has traded this past year.

A recession is like a fever. When it breaks, there will be a surge of energy, ie: backlog of people needing a new car, new stuff to buy and money pouring in from the side lines.

I my friend, intend on being there that day as well.
Heres to SIRI - Our favorite stock! Cheers!

-DogStar