SIRI Intraday Thread: Tuesday March 31st

**Beach Gambler** · 03-31-2009, 04:00 PM

Wow what the hell was that.

**Dave Davis** · 03-31-2009, 04:00 PM

Originally Posted by relmor2003

What Im seeing too. I agree. Which means they will need to move the stock up or down again to generate volume, and if they think .32 is holding, only one way left.

should have called .3500

**Beach Gambler** · 03-31-2009, 04:02 PM

Did I see (3) 1 million share blocks go back to back at the bell?

**Los Tiburones** · 03-31-2009, 04:03 PM

Originally Posted by Dave Davis

I call close at .3400

Nice little jump at the end there, was figuring .33 -

Level 2 had it at .3500 even

**Paratrooper_Rick** · 03-31-2009, 04:07 PM

that was a nice little jump..... hoping it's a good tell for tomorrow.... we'll see what AH/PRE hold....

**Sheree** · 03-31-2009, 04:10 PM

Beach, I'm showing 931,619 and 103,005 shares @ .35 at 16:00.01 and 16:00.06 as the last regular hour sales. (I'm using Fidelity Active Trader Pro.)

**Los Tiburones** · 03-31-2009, 04:10 PM

Originally Posted by Paratrooper_Rick

that was a nice little jump..... hoping it's a good tell for tomorrow.... we'll see what AH/PRE hold....

Hi Para ... Must be honest - I am holding out wondering if it might open lower in the morning.

**relmor2003** · 03-31-2009, 04:11 PM

Notice the 3 transactions with the same exact amount of stock. Brandon probably knows what this means more than me, but heres what I see it as.
2 MM's or large instituitions. One is covering a short, as low as possible, the other is buying shares as low as possible. The third transaction is probably a buy. One of those traders wants shares over their short they just covered. Now did they want shares to buy and hold, or use to drive the price back down to cover more shorts. No way of knowing.

**choirgirl** · 03-31-2009, 04:12 PM

Rick, you are right, I did learn it that way too.

Originally Posted by Paratrooper_Rick

For anyone else interested in learning more about options - if you have a TDA account - you can click on the "education" tab in your account and go through some pretty decent online training. I've been looking at doing covered calls - so I've just been through some of it.

any one else having dejavu about the SP today....

**choirgirl** · 03-31-2009, 04:14 PM

Sheree, thanks for the link, I am going to check it out too, you can't have enough information.

Originally Posted by Sheree

exilejeff, I don't trade in options but The Options Industry Council has a very good educational website. I would learn it inside and out before proceeding with any option trades. Here is the link if your interested. Hope you find it helpful.

http://www.optionseducation.org/clas...ons_basics.jsp

SIRI Intraday Thread: Tuesday March 31st

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