how sweet is that bro...back where it should be...and more to come.Originally Posted by trippingthespeculatingpos
SIRIUS XM SATELLITE RADIO FORUM
how sweet is that bro...back where it should be...and more to come.
Share count will never allow that level again. Unless your talking 70 after a R/S. Ok folks, I have some bad news. .28 cents should not have been a trigger for a reversal to .27 and change. SHould have ran to .30 minimum. More manipulation, as you can see they dont want to give us more than .04 cents a day. Ill take it.
There arent many timesthis stock traded between .28 and .32, very few buyers at those levels, shouldnt be any resistance in this area. Have patience. Still see no need to test 50 DMA yet.
well good news is it has slipped past .28 to .282 so we cold see .29-.30
remember guys...this SP has to correct first before you start trying to use charts to gage conditions. We said this on SA for months. The only chart I saw as relevant is a 6 month. It clearly shows the bottoming process. But of course this was all contingent upon the deal getting done. Without that, no chart meant jack. But the thing is from here is no one knows from where or when new money will be coming back in or in what quantity to move the stock (which it is and will keep doing so). MM's will play a little herre and there but besides there being like zero reason to remain short at this point, new money should keep the SP heading higher overall. 2014 short I belive has stepped out of the way for now to wait for new opps higher/new potential company misfortunes. They already made mad money taking htis ting down to .05, they are not worried about their next major opportunity just yet. Persoanlly, I would only be trading pull backs with new money and leave a tranche in for the ride. Just my .02.
If no ones vomited yet this morning, this should do it. This writer is making a case why its better to let AIG pay out bonuses with money the company didnt generate. Add the New York Post to least favorite dishrag list. I got so mad, I actually couldnt finish reading it. Hey Charlie, hes some more "responsible" journalism you love so much. ITS EVERYWHERE.
http://finance.yahoo.com/career-work...Bonuses-at-AIG
Actually that was before the massive debt for equity swap that saved us from bankruptcy the first time :-)
I agree. They aren't just going to give everyone .50. They would rather you work for it and show your resolve. I've seen this sh*t a hundred times. 2014 hedge can provide resistance whenever they feel like it. Right now, they're in control but letting the foot off the neck a little at a time. How high they let it go depends on amount of new money they see coming in. Basically they know at this point, trying to keep this SP under .20 is stupid...
What up Sl, it sure is sweet. It feels like I'm on vacation every day now. All that stress for two years was definitely worth it.how sweet is that bro...back where it should be...and more to come.
I agree with charts being useless, till now. I am seeing if they now can be useful. So far, its been ok. I would rethink not charting this stock from here on. Its trading more normal now, and off the bottom levels. If its done bottoming, a chart can be useful to find resistance points, and consolidated buying. I dont think it will be much use day to day however, you are correct. As this stock gets manipulated between resistance lines, and consolidated buying, which is ridiculous.
also...remember. Most likely we're going back up the same way we came down. Over time, methodical. .02, .04, flat, to bigger moves of .06. As painful as that was for us to be in on the way down, it will now be diametrically opposite on the other side. As Relmor says, I'll take it.
