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

[airman]

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...

The thing is that there are many here that are longs that bought in above $1 hell above $2-$4 and didn't have stops to limit loss.(I plead guilty)In your eyes is that stupid? Sure you could say so. I for one get peeved every time I see "so called longs" talk about day trading this pig. Is it Stupid? depends on your position,experience and tools. Most lose more(if only potential profits) than they gain. If people en-masse would have held till a fair-value price was reached then the shorts would have been in trouble. But then again that isn't reality. It isn't even reasonable.

Is it stupid if the guy hangs on and sells at $1+ a share? I think not. Not to him it wont be. Shoot...remembering when I was in college. .49( a possible short term outcome) would be a boon. At this point he has only helped with buy pressure.

And to say he could not possibly understand is also a bit presumptuous.
By the way there are many here that WISH they could make a small profit .. so any profit is good.

But kudos for offering the apology. As do I .. just was torqued today.

[killerkaul]

relmor................ thanks for taking the time to give us your chart analysis. Much appreciated. ..killer.

[Newman]

Relmor: Definately a good analysis... I sold some at .24 today, so Im hoping it drops to 21-23 like you said.

As fas as the whole stock buy goes: nyr11 WELCOME! Hope you enjoyed your initiation by fire... I say you did fine as long as you are looking long term. Don't follow the stock. Don't ever come here again. Forget you own it. If not, you will skip classes to hear conference calls and skip a night at the bar to pick up an extra $100 shares. This stock becomes a curse, a disease. Everyone on these boards has been infected, and there is no easy cure. Seriously, it is like heroin. VERY addictive stock.

I remember my very first trade. RANGY. Speculative gold stock. I bought like 300 shares at 75 cents each. The next day, all kinds of weird crap happened. There was an argument between the CEO and the BOD. Then the CEO was found murdered a short time later... something like that. It was really weird. It went to pennies. Forgot about it for a while. Switched brokers, never closed the first account. About a year ago, the brokerage contacted me regarding my account because of inactivity. I went back and looked at the account, and RANGY was sitting at like 3.75 a share. I sold instantly. =P

Initial investment was 225$, sold it back for around a grand. Commission was still $7 for each (and some change)

[relmor2003]

Relmor: Definately a good analysis... I sold some at .24 today, so Im hoping it drops to 21-23 like you said.

)

I am expecting it to clear .25 cents in premarket tomorrow, run to .27 cents, and close above .26. Its possible .23 will hit again, or even .22, but I do not see .21 in the cards. I also hold a higher likely hood that it will clear .25 and run to .27 first, then maybe the 50 DMA after a bit of consolidating, then challenging .32 cents, then a retrace to the 59 DMA, which would be probably .25 cents by then. More will be known with two or three more trading days.
I expect the first significant pullback to bounce off of .32 cents, back to the 50 DMA, and then up again. If EW analysis becomes more relevant, I will provide that, but Im not a huge believer in it.

[john]

Originally Posted by dmo2424
my sincere Originally Posted by 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.

The thing is that there are many here that are longs that bought in above $1 hell above $2-$4 and didn't have stops to limit loss.(I plead guilty)In your eyes is that stupid? Sure you could say so. I for one get peeved every time I see "so called longs" talk about day trading this pig. Is it Stupid? depends on your position,experience and tools. Most lose more(if only potential profits) than they gain. If people en-masse would have held till a fair-value price was reached then the shorts would have been in trouble. But then again that isn't reality. It isn't even reasonable.

Is it stupid if the guy hangs on and sells at $1+ a share? I think not. Not to him it wont be. Shoot...remembering when I was in college. .49( a possible short term outcome) would be a boon. At this point he has only helped with buy pressure.

And to say he could not possibly understand is also a bit presumptuous.
By the way there are many here that WISH they could make a small profit .. so any profit is good.

But kudos for offering the apology. As do I .. just was torqued today.

Just so we are straight here. I could careless if the guy jumps in and out a thousand times. As many from SA can confirm I dont hold it against anyone for trying to make a buck or two. Once again my point to him was to help him out. I cant believe there is anyone here that would say he is doing the right thing trading in this or any stock with so little. Especially if his plan is to jump in and out. That is a good why to just lose everything. The commission is just to great for the amount he has to work with. I am not a broker but I think if he went to any honest broker they would tell him he needs alot more capital to work with. As an example: We started a family stock club when I was 14 (10 dollars a week) In the beginning we did not wait to invest but we also did not invest 200 dollars after the first 2 weeks. The club barrowed money from various club members to purchase the amount of stock to make it worth while. Also just so we dont get confused I am not making any apologies for saying what I said. I was correct then and I am still correct now.

[stang3O2]

Thanks Relmore good info!

[john]

I see your making friends in new places John. Never boring....
.

relmar, You forget I have been here at Sirius Buzz for a very long time (even longer then I was on the forums I posted on the main site) making the same kind of splash. There is one fact you can count on with me, you will always get a honest logical commonsense answer/response.

[Newman]

relmar, You forget I have been here at Sirius Buzz for a very long time (even longer then I was on the forums I posted on the main site) making the same kind of splash. There is one fact you can count on with me, you will always get a honest logical commonsense answer/response.

What he says is true Rel. As proof, I offer The Official SiriusBuzz Forums Debate King Election of 2008. As you can see by the voting, john won hands down...

[stang3O2]

I just LOL'd at that thread!

[edeyoung99]

Thanks Brandon, great article. It is just so strange, everytime we get something going, within hours there is another kick in the teeth.

And the worse thing about getting kicked in the teeth from these bastards is that they think I keep my teeth in my crotch!!!!!!!!