SIRI Intraday Thread: Thursday April 2nd

[bth54]

I think we are in this limbo until the real money people have a chance to digest the 1st Q results. I believe they need some news that allows them to have the confidence to let them show some courage.
Until then we all twist and turn.

[john]

Looks like a controlled, contain rise. .36 filled nicely. All weak hands that got their little putems scared by the .32 cent test sold out here. Good. They are gone now. Buyers are supporting these levels nicely. Should close positive today.
I see a lot of large block buys intraday. Very good sign. Should be back testing .40 cents soon. Close over .36 would be very nice for this.

relmar, are you sure you want to stick with that, the market is up only 200 points today after all.

[Brandon Matthews]

Looks like a controlled, contain rise. .36 filled nicely. All weak hands that got their little putems scared by the .32 cent test sold out here. Good. They are gone now. Buyers are supporting these levels nicely. Should close positive today.
I see a lot of large block buys intraday. Very good sign. Should be back testing .40 cents soon. Close over .36 would be very nice for this.
Any late day buying or large end of day orders should allow a close of .36 or over to hold. I dont expect 8000 to be taken out today, but this rally is stronger than I thought, so its possible. But I will be shorting off the break of 8000 back down.

You are here! I like the looks of the slow uptrend vs. a spike today. With Auto sales better than expected and my own pseudo upgrade, I would think other analysts would also upgrade on the oem data.

If we get one, we could breach .40 by the close. We just need some buyer motivation as you have pointed out.

[Brandon Matthews]

I have no idea what this headlines about, but it should boost the market...

German Fin Min: G20 Found Almost Historic Compromise
Last update: 4/2/2009 11:13:21 AM
(MORE TO FOLLOW) Dow Jones Newswires
April 02, 2009 11:13 ET (15:13 GMT)

[bear]

Any thoughts on why we're not moving into the upper .36's? I don't see much resistance. Meet the new boss, same as the old boss?? (iseg)

[Brandon Matthews]

Any thoughts on why we're not moving into the upper .36's? I don't see much resistance. Meet the new boss, same as the old boss?? (iseg)

you're a fast learner...

[Beach Gambler]

http://caps.fool.com/blogs/viewpost....13792400551525

[relmor2003]

relmar, are you sure you want to stick with that, the market is up only 200 points today after all.

Are you being sarcastic?
Actually up 268 points. And we can see what huge up days in the market has meant for Sirius in the past. Nothing. Weve seen it go up 20% of it being down 200 points. Not sure I udnerstand your point here.

[Paratrooper_Rick]

well - I took my own advice and stopped worrying about SIRI this morning...even slept in. Logged in and so far the thread appears more upbeat than yesterday.... haven't looked at the charts yet... I suspect they are better than yesterday....

~rick

[Paratrooper_Rick]

wow - even my WGPWF and SBUX are up... SBUX up by .70 friggin cents...

I see we just popped over .36.... appears good although the momentum looks a bit slower....

wallstreet still absorbing all the news??? I mean - I'll take it for what it's worth - just curious if there's a potential to bust down .37.....

Relmor/Brandon - good to see you guys already on here playing voice of reason... it's a good day for SIRI