SIRI Intraday Thread: Friday April 17th/Weekend Edition

[SiriMonkey]

Cos, Newman, John, Imron - all of you guys are great - a while back I posted that "sometime in the future" I would elaborate on my circumstances - it was all about "Moms" money that was losing me sleep here. You guys have been fabulous and I will be taking heed of your recommendations. I think that I can stomach letting it ride until it hits .68 (i seems to recall that one of you guys suggested that that would be the next wlll that we hit - from a technical viewpoint) - then I think I will sell the original investment and move it to a less volitile stock - then - I figure it is money that I can lose (OR WIN) and not lose sleep!! Thanks bunches for the stock suggestions John!

When I sell / buy - I will let you guys know - I know that I am small potatoes but again - thanks guys!!

Rick,

From another newbie, myself, I can sense your struggles and commend
you on your thoughtful investing of your moms gift to you. I am sure
she is very proud of you, just in the way that you care so deeply.
Thank you for sharing your story.
Best wishes and you will do great I'm sure!
Julie

[imromo24]

adding to my list of not selling 'tills...

5. Economy turns around (i think its happened but ill wait until its announced, and then wait at least another quarter after that announcement)
6. Auto industry posts better numbers (which is coming because Im buying 2 new cars monday lol)

Everyday I read and reevaluate my plan, but I can honestly say I see no smart selling until 2009Q4 results are released in February 2010....at that point we'll be above or move above $2 IMO and ill think about it again on how good the future looks.

support the cause and sign up...http://www.youtube.com/user/sirius

(only the recent moves give me the feeling we could hit above $1 by end of year)

[RickF]

Thanks Bunches Julie!!

[MLSiri]

RickF, this is my problem with the system you described: How many times have you seen the stock price make sudden, unforeseen, and DRASTIC cuts, either up or down, only to settle down back where itw as when it started the day? These MMs can see where the orders for buy and sell are. They may spike the stock price down by 10 cents, trigger your sell, and then bring the stock back up in a matter of minutes or even seconds. You are then out all of your shares, for absolutely no good reason.

As far as I am concerned, and Relmor, Cos, and several others are doing this as well:
Decide how much of your position will be the "Core" position. This core position is your long term holdings. You will reevaluate your decision at least 2 times a year, determine if the company is still performing like you think it should, and determine if you want to sell or not.

The rest of your current position is what you consider your "trading" stock. This is the stock that means little to you. It is meant for short term trading. Sell on what you believe are the highs, and buy back on what you believe are the lows. I myself sold out a portion of my trading shares at 47 on Friday. I expect the stock to retrace down to at least 42-45ish. It may not happen Monday, it may not happen Tuesday, but I believe it will happen this week, and I will buy back then. If you have a decent number of shares, these 2-5 cent gains can be significant. A 5 cent gain on 10k shares is $500, or about 1000 more shares of Sirius. (an increase of 10% of your trading shares). Not too shabby. You don't necessarily have to buy more shares either. You could simply pocket the difference. No body will ever shame you for putting cash in your pocket.

04-16-2009, 03:45 PM #125
MLSiri
Member
Thanks for the chart and the explanations, Relmor! If you look really closely at your chart you can see the outline of a raging bull whose horn is taking dead aim at .42/.43 and beyond.

I'm taking your advise (and the other esteemed members of SA/SB/SW) to sell a portion of my core (10-20%) at around .51 and then rebuying on the predictable retraction to accumulate more shares for the upward push. As you say: wash, rinse, repeat!

Just an update from my plan for last Friday (described above): I ended up selling 12% of my shares (55% of non-core) at $.4977. Missed my target on the first pop to almost .50, and when it started rising again I dropped my .51 target to between .49 and .50 (at ETrade I can only buy and sell in two decimals). So, I made a 43.4% profit rather than 47% based on the lot I sold. I now have a good-for-60-days order at .43, which will get me about 900 more shares than I had as of last Thursday. Like Newman said, even if the retracement doesn't get down to this level I still have some dry powder to rebuy this or any other stock, or even pocket the profits, while still maintaining my core long SIRI position; which I will never day-trade, but hope to increase with the magic of compound investing (i.e., add to my core a percentage of any additional shares).

As oft mentioned, this strategy is not for everyone and is fraught with risk. But I'm a conservative gambler and willing to assume whatever the results of this trading behavior.

Happy trading and investing everyone, and may Sirius profits follow you everywhere.

[SiriMonkey]

Thanks Bunches Julie!!

Dear Rick,

Your welcome. And I hope you are sleeping easier. I am
sure your mom would have never wanted her gift to you to cause
you any anguish. You'll do fine!
Take care,
Julie

[edeyoung99]

adding to my list of not selling 'tills...

5. Economy turns around (i think its happened but ill wait until its announced, and then wait at least another quarter after that announcement)
6. Auto industry posts better numbers (which is coming because Im buying 2 new cars monday lol)

Everyday I read and reevaluate my plan, but I can honestly say I see no smart selling until 2009Q4 results are released in February 2010....at that point we'll be above or move above $2 IMO and ill think about it again on how good the future looks.

support the cause and sign up...http://www.youtube.com/user/sirius

(only the recent moves give me the feeling we could hit above $1 by end of year)

Imromo- I like your plan and alittle patience can go along way, but doesn't "our buddy" Mel have the right to R/S before next year? (I know he does, just looking for your response...) I guess my underlying question to you is, "Will he?"

[SiriMonkey]

I would like to add a comment concerning the auto companies numbers.
Working at a bank, I have several dealerships that make deposits. In the last
month and a half I have noticed their deposits have gone up dramatically.
Not only myself, but coworkers as well have commented. There seems to be
a real turnaround, IMO. Possibly the lower financing, incentives and
springtime have all played a role in the increase. Several customers, a few
coworkers and friends have purchased new vehicles within the last few
weeks. And better yet, the ones I asked, all had Sirius. Just an
observation.

Julie

[trippingthespeculatingpos]

good info julie, great info actually. if thats happening in michigan its gotta be happening everywhere else and even more so.

[SiriMonkey]

good info julie, great info actually. if thats happening in michigan its gotta be happening everywhere else and even more so.

Thanks Tripp. I just heard on the news Michigan has 13% unemployment!!
So many houses for sale, lots of foreclosures. Friends of mine, I went to
their wedding a year ago, purchased a beautiful home. They didn't even
make their first mortgage payment and he lost his job. Now they
may lose it, he's been unable to find anything.
But, on a brighter note, there is small signs things are picking up.
Like I said earlier, I am very observant, and can see people are spending
more as well as contractors are picking up jobs etc. Dealing with money
as I do, I get a real sense of what's going on with my customers.
Plus you can imagine how many questions I ask. LOL
Julie

[Hopeful]

Imromo- I like your plan and alittle patience can go along way, but doesn't "our buddy" Mel have the right to R/S before next year? (I know he does, just looking for your response...) I guess my underlying question to you is, "Will he?"

http://blogs.barrons.com/techtraderd...ance-qvc-debt/


"According to Arenson, the company indicated no plans for a reverse split to SIRI shares."