SIRI Intraday Thread: Monday April 6th

[Beach Gambler]

Actually very surprisingly behaving like a normal stock since it broke out of the .15 cent range. Huge up swing, followed by a period of consolidation, checked support, and now is checking resistance. Pattern in this mini move we have seen since March is higher highs, pretty consistantly. Bottom of .32 is fully tested, IMVHO. No reason for it to go back there, without news. .34 is 99% tested, IMVHO. Now we need to hold and close over .36, to set up another resistance check. If cleared, you could see a 10 cent jump very quickly, before a retrace.

I guess when I say I cannot figure it out I mean that (in my opin) looking at the product, even with auto sales where they are that in my (non-stock market mind) thinking, it should be moving forward at a better pace. Again I realize quarterly earnings are being waited for and maybe since this is the largest amount of stock i have ever owned I am to emotional. I spent about 50k buying into this at an average of 17 cents and hoping to cash out at around a buck. I know it IS a risk and what I should do is not check in for a couple of months but I can't. Forget the facts ( and I know that is wrong) but in my heart I think this stock is going to bust out. Again just a perhaps a fools wish. I think I was misguided when it jumped over 40 cents thinking that was a pattern.

THANK YOU Relmor for your response

[Dave Davis]

I guess when I say I cannot figure it out I mean that (in my opin) looking at the product, even with auto sales where they are that in my (non-stock market mind) thinking, it should be moving forward at a better pace. Again I realize quarterly earnings are being waited for and maybe since this is the largest amount of stock i have ever owned I am to emotional. I spent about 50k buying into this at an average of 17 cents and hoping to cash out at around a buck. I know it IS a risk and what I should do is not check in for a couple of months but I can't. Forget the facts ( and I know that is wrong) but in my heart I think this stock is going to bust out. Again just a perhaps a fools wish. I think I was misguided when it jumped over 40 cents thinking that was a pattern.

THANK YOU Relmor for your response

I believe Relmor is the most insightful person here

[Beach Gambler]

I believe Relmor is the most insightful person here

He is one of a few that I will always listen to.....

[cos1000]

I have heard imitation is the truest form of flattering someone. I didn't realize I would be writing half of this fool's column.

http://www.fool.com/investing/high-g...sirius-xm.aspx

My comments on his bearish friends take on Siri I made last Friday.

http://siriusbuzz.com/forum/showthre...boo1#post26783

If he is imitating me his journalistic future is in big big trouble. How is that for self deprecating humor Cos?

Not a bad attempt...... I'm sure it will get better with practice..

[Paratrooper_Rick]

Thought I would catch up a bit.I see we're in analysis mode again. I have been thinking a bit about where we are with the sp and here's why even I am sleeping better at night - we can't let emotion blind us to the facts. There are far more reasons we will climb within the next couple weeks than not. Right now we have all the signs of a consolidation followed by resumption of trend up. Here's the big part some of us have forgotten: the MM's make money by playing chess with the markets. After more thought I realized what I would do if I had millions of shares/dollars to play with - tightly control the sp as long as I could to frustrate smaller investors and buy up their shares as they lose patience. One thing I have learned in the army and in life - "know your enemy"
The trick is that at some point the sp will break it's chains and shoot higher. I think good times are coming for all longs. I feel sorry for anyone trying to predict daily patterns - it is not possible (I agree now with john on that point)

Apologize for length of post - I am using my new blackberry curve. Can't wait til I can get s-xm on it.

[cos1000]

I guess when I say I cannot figure it out I mean that (in my opin) looking at the product, even with auto sales where they are that in my (non-stock market mind) thinking, it should be moving forward at a better pace. Again I realize quarterly earnings are being waited for and maybe since this is the largest amount of stock i have ever owned I am to emotional. I spent about 50k buying into this at an average of 17 cents and hoping to cash out at around a buck. I know it IS a risk and what I should do is not check in for a couple of months but I can't. Forget the facts ( and I know that is wrong) but in my heart I think this stock is going to bust out. Again just a perhaps a fools wish. I think I was misguided when it jumped over 40 cents thinking that was a pattern.

THANK YOU Relmor for your response

B. G.... I know you didn't ask but I am wondering what the rest of your portfolio looks like.... You have now doubled up at .34 on your Sirius investment and why are you not taking some off the table... I wonder because emotion runs many of us who invest in this company and that causes us to hold a bigger position than we probably should after the stock has had a nice run up.... I took some out at .39 when it first ran but then when I thought it might run into the high .40's got back in sooner than I should of (.36)... that was emotional and not very profitable.... If the 50K you got in is serious money to you, why not take some off until a clearer direction is shown... if it doesn't drop and good news moves it up then get back in... or look into options to protect yourself from any down turn... I am definitely not telling what to do but, am concerned that your not protecting yourself from this stock's volatility... The company right now is at a fulcrum point, waiting for news and able to gather momentum quickly in either direction on News... Good News great!... Bad News not so great.... I personally don't see the Bad News but floating at .355 over this period of days, on low volume means News only will change the price significantly in one direction or the other.... We definitely need Q1 behind us....

[JohnnyIrishXM]

The top line is a downtend. Thats what makes it so exciting. It's a final battle of supply and demand. The uptrend gives the edge to demand (the uptrend).

You cant have an uptrend and a downtrend. Someone has to win.

Not a tech chart guy,but my thoughts exactly about supply and demand,you just have a chart that shows you it,but my gut and instinct tell me that for about 7 trading days now buyers have been in the .30 to .35 range with bids
on avg(big lots of 500k) and sellers have been in the .36 to .40 range...
It has been lower share trading days
as the buyers are waiting for every last panic profit taker to sell....
but as with all games they know news could come out or Heaven forbid a bunch of Analyst issue buy upgrades and they could miss out on a 2 or 3 or 4 bagger this year,and then look out,we will jump 100% in a week or so...JMHO

[Hughes]

Thought I would catch up a bit.I see we're in analysis mode again. I have been thinking a bit about where we are with the sp and here's why even I am sleeping better at night - we can't let emotion blind us to the facts. There are far more reasons we will climb within the next couple weeks than not. Right now we have all the signs of a consolidation followed by resumption of trend up. Here's the big part some of us have forgotten: the MM's make money by playing chess with the markets. After more thought I realized what I would do if I had millions of shares/dollars to play with - tightly control the sp as long as I could to frustrate smaller investors and buy up their shares as they lose patience. One thing I have learned in the army and in life - "know your enemy"
The trick is that at some point the sp will break it's chains and shoot higher. I think good times are coming for all longs. I feel sorry for anyone trying to predict daily patterns - it is not possible (I agree now with john on that point)

Apologize for length of post - I am using my new blackberry curve. Can't wait til I can get s-xm on it.

Off topic: Are you using the new Nextel Curve by chance? I need a new phone and was looking to upgrade eventually.

[Joeboo1]

B. G.... I know you didn't ask but I am wondering what the rest of your portfolio looks like.... You have now doubled up at .34 on your Sirius investment and why are you not taking some off the table... I wonder because emotion runs many of us who invest in this company and that causes us to hold a bigger position than we probably should after the stock has had a nice run up.... I took some out at .39 when it first ran but then when I thought it might run into the high .40's got back in sooner than I should of (.36)... that was emotional and not very profitable.... If the 50K you got in is serious money to you, why not take some off until a clearer direction is shown... if it doesn't drop and good news moves it up then get back in... or look into options to protect yourself from any down turn... I am definitely not telling what to do but, am concerned that your not protecting yourself from this stock's volatility... The company right now is at a fulcrum point, waiting for news and able to gather momentum quickly in either direction on News... Good News great!... Bad News not so great.... I personally don't see the Bad News but floating at .355 over this period of days, on low volume means News only will change the price significantly in one direction or the other.... We definitely need Q1 behind us....

Cos you make me feel so much better about that 401k loan I took out about mid march and dumped into Siri. Atleast I am paying myself back with interest if this doesn't pan out. (drudging back to the salt mine.............)

[Beach Gambler]

B. G.... I know you didn't ask but I am wondering what the rest of your portfolio looks like.... You have now doubled up at .34 on your Sirius investment and why are you not taking some off the table... I wonder because emotion runs many of us who invest in this company and that causes us to hold a bigger position than we probably should after the stock has had a nice run up.... I took some out at .39 when it first ran but then when I thought it might run into the high .40's got back in sooner than I should of (.36)... that was emotional and not very profitable.... If the 50K you got in is serious money to you, why not take some off until a clearer direction is shown... if it doesn't drop and good news moves it up then get back in... or look into options to protect yourself from any down turn... I am definitely not telling what to do but, am concerned that your not protecting yourself from this stock's volatility... The company right now is at a fulcrum point, waiting for news and able to gather momentum quickly in either direction on News... Good News great!... Bad News not so great.... I personally don't see the Bad News but floating at .355 over this period of days, on low volume means News only will change the price significantly in one direction or the other.... We definitely need Q1 behind us....

I am at a point in my life where I am looking to turn something small into something big and be able to get another property on W. coast florida in a forclosure situation. I am pretty financially secure, my kids are gone, I have six rental homes (pretty nice ones) in north east Ohio. It is a Landlord's dream right now. Anyhow I have a beautiful Condo on clearwater beach but I still owe on it. I want a free and clear single family home in lee county to be able to rent out and let appreciate. It is a buyers market as well. To answer your question if I lose 50 K it will sting but it is money that will not crush me if I lose. I want a high risk stock which usually comes with a higher reward potential. In Feb before Presidents day I looked at the biggest losers and saw Siri. I could not buy in when it was dirt cheap but did get in in the mid to high teens. I was nervous with banks at the end of the year and had just over a hundred k in cash locked up in a safe in my basement. I felt I would rather gamble then let it sit down there and not grow, so I dumped half of into this stock. I have never been in the stock market as my money always went into property. I like the Vegas style gambling I am taking on this stock, hence the name Beach Gambler. I also have a very famous father that I am trying to out do in fun before he dies. Probably more than you wanted to learn about me and more than maybe I wanted to share but there you go. I do love to make people laugh and my posts showed this to much and was asked t0 stick to the off topic thread.
Have a great day.