It took all my "long" power to resist the urge to sell off some SIRI and buy FNM near the close for today at 0.85. I have a good feeling about the banking/house sector this week, there seems to be some positive buzz going on. I guess we'll see in pre-market tomorrow if FNM spikes like I'm suspecting it will.
The only thing I'm looking forward to for SIRI is the iPhone app... I honestly have my doubts that this thing will move significantly until that time.
Originally Posted by dmo2424
dmo, I am happy with this company for the first time in a long long time. I thought .5 by the time they report the 2nd quarter was a good guess. I think now we may even beat that. I would have never thought we would be here this fast when we were just at .12 to .17.
I was only off a cent....
And I usually start off with a helmet when I jump.... only problem is the jetwash likes to bust the straps and remove it for me.....
Landing without a helmet is not fun by the way....
I almost pulled in a chunk of FNM also today... instead I edged up another 15% over my core holding of SIRI... I'm addicted just like the rest of you....
If you look, at the low of .3150 just before 10am, followed by the .32 low at 1 pm, which was followed by an approx low of .3250 at the end of the day, it clearly shows an uptrend. That is one side of the triangle.
Conversely, the top of .3450 drops down to .3250, that is another side of the triangle.
That last move at the end of the day broke that downtrend line, signaling a bullish triangle formation.
Last edited by Brandon Matthews; 03-23-2009 at 04:26 PM.
Cool, I just looked at me ETrade balance and I have an extra 410 dollars, so I called. I did not realize up to the first 100 trades were refundable, so now I am going to try and put a silly stock manip limit order in and shoot for .25 for 1600 more siri shares in case they play games this week. If I get in great on a quick manipulate dip then great,if I don't then I really do not care because then my 67911 shares will have remained strong.
I am not bragging it was just cool when I was not expecting it. kinda like free money
Mogami - sharebuilder charges those ridiculous large purchase premiums as well. Not a fan by any means. Started the transfer process today.
Is there an open window for mel k to start averging down? Or is he prohibited close to the end of the quarter?
PS - Brandon thank you for the clarification the trends. I'm learning more daily thanks to all the great people in this forum.
Those 100 free trades must be utilized within a month period. If im not mistaken.
Good close. Should of hit .34 right at the end, but they closed it perfectly to stop that. .33 had completely filled, next ask at .34. Then the very last second, the second before the close, they threw up another .33 cent block(ISEG of course!!!). I needed one more day to confirm .30 cents is now a buy for me. Any hits off .30 cents and Im buying, just dont think it will hit there. .31 cents is a minor buy point for me now. Trangle bullish patterns are better trusted on the weeklies, but dailies work too. Just not as reliable. Usually stocks will conslidate for weeks before another major up leg is resumed. So dont be surprised if we dont clear .40 cents for a while. If this stock continues to trade in chartable patterns, as it has been doing, I should be able to better predict when it will break. Still no signs of .40 cents being a threat yet. But .32 might be in the rearview mirror too.
