well people were saying sell in the .20's before it falls, then they said it in the .30's, then yesterday YOu said to sell while it was still in the .40's, now ur saying to sell again in the .50's. I will sell, but not out of fear of a drop, i will sell when i think this company has reached fair value and has no more room for rev growth.
Whos you? If I assume your responding to the last post its mine.Originally Posted by trippingthespeculatingpos
I didnt say sell in the .40s. I did a couple day trades with extra shares, thats about it, and sold very near the close of the day, on both trades. I would never sell any of my core here. My first planned sell was for .52 cents, but I moved it to .55 cents. Will I regret this? Maybe... So far I do... But Monday will hopefully reward my moving it. Might even move that one too. But I am definately selling a large amount at .80-.85 cents.
i was referring to big ben if i am remembering correctly who said to sell when it was in the .40's
Your strategy is a strategy and is certainly better than not having one. I was one that sold shares at .245 on a run up out of the teens that lasted less than two days. I bought back in at .16... and have held up until yesterday. Bought some early in the week mid .30's when the S & P upgraded their debt. Sold them along with another lot as I said above. Will definitely sell if we approach .63.
This process is also a strategy. I failed to act on the way down, other than by buying more shares. I learned. I try and take the emotion out of the trade. When I sell, I don't sell on fear, I sell on the facts on the ground. Charts, News, Volume, Momentum, SI, etc., these are all tools to assist in making money and gaining shares... I really am not particular about anyone else's strategy. I just think it important that anyone with money in the market should have one.... You will sell when you think the company has reached Fair Value. I say sincerely.... Good Luck with that.
Tripp..... I too was confused, but my post is still valid and the point relevant to my own experience. After all that's all we're doing here is sharing ideas on what works and why....have a good one and I was sincere in wishing you Good Luck...
yea cos im not dogging anyones strategy its just when some1 comes on here and pretty much tells people the smart thing to do is to sell i have a problem with that, If ur selling go ahead and tell people that but dont act like you know the future and that they better sell too before they lose all their money, thats yahoo bs.
Last edited by trippingthespeculatingpos; 04-18-2009 at 01:25 PM.
okay im thinking maybe im being a little biased, but still id prefer if people came on and said what they were doing rather then campaigning for some1 to do something. Just to be clear im not saying you cant do that, that's not my place, just that i dont like it
Truth to this. Probably better that way, if people care about how you trade, they will just consider that into their strategies. I will admit to campaigning however, knowing the consequences of being wrong. But most of my campaigning was for them not going BK, or the Malone deal going through, I would definitely not campaign to try to convince to sell their shares or buy at certain prices though. Recommending a buy is different than campaiging, but your right, there is a line somewhere.okay im thinking maybe im being a little biased, but still id prefer if people came on and said what they were doing rather then campaigning for some1 to do something. Just to be clear im not saying you cant do that, that's not my place, just that i dont like it
Definately a line somewhere, but Im sure most people realize your trades are your business, and no one elses. For example, if Demian(example only) says he thinks it hits .40 cents today, and it does, and you bought on this, you deserve all the credit, not Demian. YOu pulled the trigger. And if it tanked that day, Demain deserves non of the blame either.
888's...
What's up man...hope all is well. Didn't mean to fall of the radar..weird sequence of events coming together at once beginning with me losing my internet service for a solid week and dealing with Comcast to try to figure out why. Nuts. SIRI held prety steady last few weeks so I didn't miss much. I see there was an uprising while I was away. All I'll say about that is censorship sucks but true that business is business. The almighty dollar rules us all. We left SA because we were being told what we could or could not talk about..and were dictated to where we could talk about our business. That wasn't cool then and isn't now. I have nothing against Charles or SB and I still am humbled by the hospitality he and other regulars here showed us. If anything is true, metaphorically speaking, there will always be new America's sprouting from English tyranny and control. Trouble is, he who has the gold makes the rules no matter where it is, so we'll see what happens next...I do support free speech no matter what though.
So we hit another milestone in SIRI trek back up. Nothing new to us who expected the correction (and much more to come) way back in December...long before we ever saw .03 in AH. Critical mass isn't achieved in a day but it is in time. This is a stock to stay with, and make money back...and then just make money. Imagine how all the sellers and gone for good @ .13 feel now. They are paralyzed with anger and fear and will never be able to bring themselves to buy this stock again--fearing they will be taken out back tomorrow. All they can do is watch and weep--and days like yesterday had them soiling their undies. The overall market sentiment has changed and hopefully people see that. Shorts are abandoning positions everywhere because the short play as a strategy is over right here (albeit temporary). Many people are still squirting in their pants now and then because of so much relentless selling over the past 6 months...but to be successful now in this market, traders have to be wary but also allow themselves to believe in 8 or 9 consecutive up-days at times and then very minimal pullback. This looks like a mistake or a trap but believing in that makes anyone miss the move. So many stocks overshot the downside and so corrections are necessary and they are occurring right now on no news everywhere. It's actually a beautiful sight...if not a just one. SIRI's SP has changed and we have to change wth it. The ugly days are over (at least for now).
Have a good weekend my man!
Well from what I understand much of the censorship stuff came up with Brandon because of Mike H. saying he was going to sue SB because of things Brandon was writing. That does not mean I agree with what Charles did with Brandons last article and to be honest I dont. I agreed with much of it and already said much of the same thing long ago. You also cant have it both ways though like Brandon likes to have it. For instance I put up another thread ( http://siriusbuzz.com/forum/showthread.php?t=1817 ) were I talked about the problems with the internet radio being any real competition to satellite radio, in it I did not give much hope to the Ipod or Iphone creating very many more subscribers for SIRIXM, and what do you know about a week later David Frear says about the samething about the Iphone. ( "# Arenson said that CFO Frear played down the importance of the new Sirius app for the Apple iPhone, although Arenson said he understands some people internally are more excited about it. He also reports that Sirius continues to re-negotiate their contracts with a variety of content providers, including Howard Stern and Major League Baseball."). Anyway not to many people read that thread and then they will be stund when it does not get that many more subs.
As to the PPS, I am happy so far but I still have about 17,000 dollars of my own money (original investment) in it. Then I can start to work on getting back all the profits I put back into this pig.
As to the people messing with penny stocks I stoped doing that a while ago "Global Crossing" was the last time I did that (I dont include SIRI/XMSR because I was messing with them before they became a penny stock). Anyway the reason I stoped messing with them is the same reason I stoped messing with options, to much risk. I can say this, usually when I got out of them I did not look back to much and in general when I did I usually said "Thank god I got out of that one in time". There were few times I said, "Dam I should have stayed in" I believe SIRIXM is one of the few but that is because I have had the time to do alot of reading on it, I believe it will be here for a long time to come. The question is do the second batch of investors get the benefits or is it going to be a third batch. I say that because you do realize we are the second batch, While we were screwed we were not as screwed as much as the first batch. We will have to wait and see what Malone does in 3 years for that.
i think if siri offers the iphone as a free 1-3 month trial it will stand a better chance of drawing in subs, give people the chance to experience it for free. I think this will mostly be for the tech savy, and imo the tech savy have already found ways to stream sirixm on their phones.
