wow, happy day, blew right through .39
SIRIUS XM SATELLITE RADIO FORUM
wow, happy day, blew right through .39
Good morning, I had a sell order of the Sept. Puts for .65 and it was partially filled this morning (16k). Just sold same amount of stock at .40, nice profit of 800 $, not bad for breakfast.
well 1 mill went through at .40 1/2 mil left,also 1/2 mil at .41. lets see if we get there
If i sold now i could party like a rock star for the next couple of months but what the hell, im in it for the long haul.................
Long Siri
You guys like that millions shares ISEG throws in and out at .40? I love it!!! Almost threw my computer this morning when the ask was below the bid, and held it there until it worked. Should have opened above .39 today. Never should have even been in the .38's. Must break .40 by Friday, or a test to .34(probably fail at .36) would be open again.
the line in the sand has been drawn at .40,700k sitting there and won't budge,hardly any trades going thru..To alley cats going at it....stubborn...
it would be nice if we could get a PR that didn't have to do with Jimmy Buffet or The Pope.Originally Posted by relmor2003
a big piece of the wall at .40 seems to be an all or nothing.
Woo hoo, .40 has been hit again! Even though I currently don't own any SIRI, I'm still rooting for this stock as always. After all this bank activity dies down, I'll be looking to jump back in...
I know we have talked about this before, but I would like to mention this again(cos1000 and sl62 were using this strategy on the way down(as well as me to good success)). You should have a core position that you have a price target set to sell at. You wont sell until this target is met. You also have a position outside your core(never more than double your core) that you "play with". I use around 15000 or 20k shares. These are used for buying and selling. Currently I am trading this block purchased at .37 cents. Looking to sell them aroud .45 cents to .50 cents(depending on movement and the run it has). I would then look to rebuy these shares lower. If it doesnt happen(ever), then you still have your core, and thats fine with you. But you must get at least .5 cents out of these shares to really make it possible for you to have a chance(good chance) to buy lower. If you miss one range however, doesnt mean you dont ever buy these shares back, even if it doesnt go lower than where you sold them. You just want to make sure you buy them on a significant retrace(over .05 cents back down).If i sold now i could party like a rock star for the next couple of months but what the hell, im in it for the long haul.................
Long Siri
(On the way down however, due to market action, I was taking 2 cent gains.) No longer. Ranges are not as tight as they were the way down. We all know what it was like trying to book a .10 cent gain before it bottomed(impossible).
Last edited by relmor2003; 04-16-2009 at 12:13 PM.
