looking pretty strong right now obv keeps rising
SIRIUS XM SATELLITE RADIO FORUM
looking pretty strong right now obv keeps rising
I concur wholeheartedly - I am already positioning myself to take advantage of the reinstatement... SIRI is at the top of my list of stocks I expect to benefit from it -Originally Posted by Raja
SO.... for you folks new to investing... do your research and prepare ahead of time....
I thought I was an investor. But I have sat here and watched this stock go up and down and thought about how much money I have lost doing that. I could have double and even tripled my share count by doing it. But I just can't pull the trigger. I made my first trade off of fannie mae stock it felt good. But when it comes to Sirius I just can't pull the trigger. And when the stock hit .065 cent I stayed in and didnt sell. So i guess its good with the bad. But I was curious because that finger just want let me pull it.
So since he didn't give you detail info you are the judge of his character. Should he send you a notarized statement. Where as If relmor had said the exact same thing you would be congratulating him on his insight. And you wouldnt question his trades even if he didnt detail it for you.You just like him.
I shouldnt have to give a disclaimer but i will .... relmor in no way am i questioning your integrity. I have learned much from you.
You missed the point entirely. but I cant say I am surprised.
Your post could have read something like.
Church, You seem to have hit it on the head, It is still hard to believe you caught it though and then went on to tell how you tried. or something like that .... or completely out of character you could have just said something positive about the 1 am post and ignored the other post.
That is my point ... Something in you will not allow it. You must have the negativity ... just like you coming back at me when I didnt address you.
You haven't shown proof of your claim to be a former marine. Should you have to? If people don't believe you they can take a leap right?
Damn you sucked me back in
Last edited by airman; 03-19-2009 at 01:37 PM.
For those interested in understanding the uptick rule further - here is a quick synopsis and the correlated link:
"Explanation
'Uptick' is the name generally given to Rule 10a-1, under the Securities Exchange Act of 1934, which states that short selling is only permitted following a trade where the traded price was higher than the previously traded price (uptick).
In finance, short selling or "shorting" is a way to profit from the decline in price of a security, such as stock or a bond....
is only permitted following a trade where the traded price was higher than the previously traded price (uptick).
The rule was put in place to avoid the perpetration of a financial crime known as Bear raid. (which we saw this morning - para) i.e. to prevent short-sellers from adding to the downward momentum when the price of a security is already experiencing sharp declines. However, short sellers themselves viewed the rule as "largely symbolic" and having little actual effect on short selling.
A bear raid is a type of stock market strategy, where a Trader attempts to force down the price of a stock to cover a short selling....
On the New York Stock ExchangeNew York Stock Exchange
The New York Stock Exchange , nicknamed the "Big Board," is a New York City-based stock exchange....
a short sale/Short selling
In finance, short selling or "shorting" is a way to profit from the decline in price of a security, such as stock or a bond....
was only allowed on an uptick or a zero plus tick (which occurs when the price is the same price as the last trade, but higher than the previous different trade).
On the NASDAQNASDAQ
NASDAQ is a United States electronic stock exchange. It was founded in 1971 by the National Association of Securities Dealers , who divestment it in a series of sales in 2000 and 2001....
, shorting was only allowed on the bid side when the current inside bid is not lower than the previous inside bid (i.e. a downtick).
The reasons underlying the decision of the SEC of eliminating the uptick rule are unknown"
http://www.absoluteastronomy.com/topics/Uptick_rule
Last edited by Paratrooper_Rick; 03-19-2009 at 01:47 PM.
CNBC says market will start up around 2pm because the shorts need to cover by tomorrow. (They also rather then call it a bear or bull market called it "a pig market")
Last night I stayed up late and complied a list of 4 stocks I was going to buy at 930am because of ING I only bought 1 as it turns out I bought the one out of 4 that is losing big today. when I rebought SIRI I used the money I was going to buy them with to add 5k extra SIRI
Last edited by mogami; 03-19-2009 at 01:44 PM.
Cost average does NOT matter one bit.
This is my feeling, and this is how I am playin it. Of course, do your own due dilligance.
Do you believe in Sirius as a long term viable company? Do you think the stock price is going to rise?
If your answer is yes, you need to maintain a core position. As a personal rule, I do not disclose the number of shares that I own, but out of all of my "potential" shares, 50% is my core position. Right now, I am sitting at an 80% position, having bought another 20% up a few minutes ago at 0.307. That means that out of my 80% position, I have 30% to "play with". The other 50%will NOT be touched, unless I change my mind and sell out completely.
I sell small chunks of my play shares at a time to lock in profit (or at least try to.) For instance, I sold 20% off at 0.24, and sold another 20% at 0.353. Obviously, my 0.24 sale didn't work out, but my 0.353 sale worked out well, as I was able to buy those shares back today at 0.307. Because of my 0.24 sale, I still have some cash in my account to buy back some more SIRI.
NEVER trade emotionally with this stock. Always analyze the spikes and dips. There is no shame in selling some shares on spikes if you expect there to be a dip coming up. Many on these boards have chastized Demian for selling. My only criticizm would be that he sold ALL of the stock instead of just the tradnig portion. He locked in some really nice profits on shares that he was up nearly 200-300% on. Absolutely nothing wrong with that.
Before you can daytrade, you have to have a plan. Develop that plan FIRST. Then try it out with small blocks. Make sure you are doing it with enough shres to make it worthwhile though. Even 2000 shares can make a nice profit with 3-5 cent swings.
Huh? What about all of the short covering the last few days?
Take everything you hear on CNBC with a grain of salt......
I think the market will tank today and tomorrow....
I'm hoping we see a SIRI run shortly....Tripp, let's hope forsight come true!
If CNBC says it....then it's got to be true.
