DANG that is what I keep telling my brother, do the opposite of what I do and you will be a freakin MillionaireOriginally Posted by Sundevil
SIRIUS XM SATELLITE RADIO FORUM
DANG that is what I keep telling my brother, do the opposite of what I do and you will be a freakin Millionaire
I couldn't agree with you more on this Heavily Manipulated stock...... I learned a long time ago when Sirius had a flash move to $9 bucks in Dec. 2004 (still sends a chill over me)..... I had a trailing stop in on it, at 2% pull back to lock in profits, and got taken to the cleaners by a lightning move down to around $6.60 in two hours. Risky or not, I NEVER USE STOPS ON THIS EQUITY ANYMORE.... if your going to trade this stock be available, have level II, and ride bull shit days like this out..... The MM's know that all of you are being cute with stop limit orders and trailing stops, and they know that a quick move down triggers all those sell orders and their short position that starts the avalanche rakes in the dollars big time.... Its easy money and not done frequently, but with all the conversation that goes on with strategy through "blogs", that goes on with this stock, its just too easy for them....
I am definitely not lecturing here..... I am truly hopeful that people did not get sold out and then caught without a good entry point back in.... Paratrooper Rick is right on the money on the shananagans of the MM's and how they are able to take your money.... This equity is not at a position where it is easy to second guess the actions of those in control.... The ride is bumpy and not for the weak hearted... if you don't have the tools, don't day trade this stock.... Get in, make some money, and get out..... Or like others stay long and strong because the momentum has changed and the next good news will move the SP higher... Good luck to all..... This is and was a very interesting and unfortunately difficult day for some....
Cos: If I may, you're saying that you had 2% trailing stop when your average was around 7 or something, it flashed up to 9 and then right back down, triggering your order? Isn't that a good thing?
Or are you saying your sell order didn't get filled till it was below your average not when it was at 9 something?
I'm currently using a conditional trailing stop and am thinking of canceling it, I'm concerned that the second option I stated above will happen and instead of locking in profits I will lock in a loss.
They have had a 2 bagger from .20 to .40 and now the MM's are raking all those, who are not use to profits, over the coals.... Anything that happens now is just temporary.... There isn't any history here or clear channel (no pun intended) formed..... This is all new ground and they are picking the new investors clean.... Anyone in at .11 is getting out today.... anyone in as .20 is probably doing the same at .30 -.32... the rest will wait because that's what we do best and ride the momentum up on the next good news that comes along.... Remember this action every time the stock makes a quick move higher and doubles up.... That is how we will all make money ..... There was no real news that got us to .40 and reason for a take down today.... This stock is a mystery and its manipulations are not controled by anyone here..... The SEC could care less about this stock... by the time you get any response, my grandkid will be in college....
Rick at the Fool is at it again. First he wonders why he's being bashed by irate SIRI shareholders. Hmmmm. I wonder. I love how he apparently makes all the rules. As someone who gave him many a beatdown, I just left him this kinder, gentler post today..
http://www.fool.com/investing/genera...wCommentAnchor
Stay Classy, Sirius Investors
by Rick Aristotle Munarriz
March 19, 2009
On March 19, 2009, at 3:15 PM, sl6209 wrote:
Slick Rick...
After phase 2 of the Liberty deal closed I posted here that I was done posting. I am. No need to anymore. But I saw your article and have some light to shed for you.
SIRI investors are pissed at you and The Fool because you have abused this company. Period. You got sucked up in the general MSM campaign against Mel and Co. and became intoxicated on it. Anything you guys could find negative, you jumped on it cause you knew it was a race to call the bottom. The floor bottom that is. As in zero. And my friend, SIRI did nearly go to zero. .03 in AH to be exact. So you one that battle..Ahhh, but you've lost the war. Look at this article. You just won't quit. Circuit City??? Not mentioning Walmart huh? Or Target? Not bringing up the iphone eh? Not mentioning the increased penetration reported in Q4 huh? Not mentioning future Ad campaigns? Well of course not because those positives won't support your thesis that SIRI is a failed business model...and that they belong in BK court. Well a couple of guys names Malone and Maffei don't agree with you, that clown 24/7Doug McIntyre (who might just be the biggest A-holehack reporter on the planet and looks like an even bigger dope right now than even Weinkes!), or many of the others who just couldn't stop your disbelief this company could do the impossible. And sadly, they still get no cred. But it's starting to grow and will take time.
Look. I know you changed your tune a bit after the new year. Your article about SP fair value of about a buck was right on. But too bad you are also tainted in the eyes of SIRI shareholders from before. What we want are apologies. We want retractions. We want not pie-in-the-sky, blind rose-colored glasses, all is fine articles. But we want fair reporting about the many positive things that Mel and Co. are trying to do. This article shows you refuse to stop focusing on the negatives. So in return you will continue to get irate vitriolic comments. Stay classy? You guys kicked us when we were down. Unfair fighting. Piling on. And yet now we should be classy??? I see. You just want it both ways. Sorry. Try showing SIRI some respect. Maybe you will get some back in return my friend.
The action to sell, which on my trailing stop was a sell market, happened so fast that I got sold out at around 6.80... this wasn't below my average but sold me out at a price that I would not have sold at ..... If I had been in control of the quick move down.... like today, and wanted to still sell, I could have sold out at the bounce back after the plunge in the high 7's or low 8's the next day.... The sell out at 6.80 kept me from getting back in at a good price.... Look at today.... if we believe what we see.... folks with stop limits could be sold out in the low to mid .20's. By the time they come home from work or whatever.. the stock bounced back to over .30.... How can they get back in and not feel completely burned by their stop limit or trailing stop order.......?
Sorry also to answer your question about when the sell order happened... yes it happened that fast and with that many sell orders being put in at the same time, due to all of the the stop limit or trailing stop limit orders that existed, the price executed was an off the cliff down price... it can and does happen that fast on days like then and today.....
Last edited by cos1000; 03-19-2009 at 03:38 PM.
Here comes a slight rally, let's see how much ground we can recover now and in AH...
relmoe.................... thought it was a parody on the buys of the Church Lady.
Hi, SIRI had been closing below the open (but above the previous close) the past few days and that lead me to think I could pull another sell at the open and re-buy later. It worked out alright but would have been better if ING was not screwed up. I sold .02 below what I could have gotten and then I re-bought .03 above where I could if everything worked correctly. I understand how dangerous this game is because I have sold before only to see the price continue up. (Lucky for me I was able to get back in just about where I sold and then got the up side too)
Not everyone has the luxury of being able to sit and watch the Level II all day. But I can't resist trading the ups and downs. It has been doing this that got me from 90 percent down to playing with free money. I am not a big investor. (I've turned a measly 3k into 7k (not counting the 3k I pulled out and gave to mommy as a peace offering that allows me to continue to play)
I'm not really about making a lot of money I enjoy doing this and the money is how I keep score.
I have learned quite a bit since that first 300 share (LOL) buy.
Last edited by mogami; 03-19-2009 at 03:59 PM.
