Where do you see 0.42 from? Just curious in case I'm missing something.
SIRIUS XM SATELLITE RADIO FORUM
Where do you see 0.42 from? Just curious in case I'm missing something.
WARNING!!!!!! the spike down could be the race for the 200dma headfake.....remember before we hit .40 we dropped to .25 for a split second
ah close at .50 i think we resume trading in the .50's tommorow hopefully we can get near .60 again
Yes, but the MSM hasnt even touched the dilution news yet. No clue what effect that may have. Definately removes all the good news about the R/S extension.Originally Posted by trippingthespeculatingpos
well i dont think the dilution should have any effects around this price, so total outstandin shares could go up to 9 billion siri is still undervalued at this price. Plus ah didnt continue tanking it climbed so thats a good sign, watch what it does premarket and we should know. To me this take down is similar to the one that took us from .40 to .22 and will reverse back quickly, may be the end of the huge swing but i think we AT LEAST consolidate in the .50's if not higher going into the 1st qtr results.
Last edited by trippingthespeculatingpos; 04-20-2009 at 09:54 PM.
What you said is now my best case scenario after this news. Couldnt have been timed worse by Sirius, if they tried. Right at the APEX of its surge. Right after it JUST recovered and was climbing again back from the first BS news story about it going BK, from Feb. I saw the screen shot, it was dated 4/20. Its not showing up on ETRADE or Yahoo, but a lot of people saw that, and probably sold on an impulse. That helped them keep it off .63. Then when it reached back to .56, the dilution news must have hit, because soon after it was popping up on message boards(no wide press release I still can find) and the stock closed down after going up 22%. Never seen a stock go up 22% and off no news end down. So im assuming the dilution was factored in at this point today. If the MSM POUNDS this tomorrow, we could reverse further. But the R/S extension could be their main angle(im hoping).
Dilution?????? What dilution??? Sorry just got home from work, freaking out a bit after seeing you guys talk about dilution!
RS extension????
Please help!
To me the reversal was normal selling. I don't know anything really about the company or the news, just the radio in Ramsey's truck... but today a lot of key lines were hit - 200 sma, a resistance line, a pattern target, a trendline. I saw folks on these boards waiting for the 200 day to hit, and it did. The last two peaks had important markers too - just not as many. If the price had closed above .65 (*today*) then I'd think it was manipulated. Anyone who bought going back to oct 2008 had a profit today. I'm not saying that I don't think the price will eventually get up there again - I'm actually kind of enthusiastic about it - but if you are long, you have to have patience - stock prices zig and zag, and usually move up slower than they headed down - so just look at the other end of the bowl. I can see it hitting $1.75, not tomorrow - but down the road... but I can also see it heading lower - including $0.39 tomorrow, as there was an outside bearish reversal - especially because the broader market is down too - as expected - the NYSE hit resistance - JPM is down 10.73% and C 19.45%, as I write the ES and the NQ (important for SIRI) are barely off their lows today, and they are still flat - the Nikkei is down 2.35% and it just opened, make that 3.08%. You have plenty more strong upside targets coming up - but also a bottom around 12 cents - but if you feel its going to be a more successful company and are a speculative or long term investor - then patience is the key - so don't sweat the day to day too much, just sweat the things that are important for your trading style. If you are doing short term trades - then the target(s) were hit today, and you should be out (I was ready to hit the button a cent lower than targets). Anyway - I realize I'm a new guy and , so I'll hush up, if the TA looks good later, I'll be back in, hopefully for a longer ride up. I do have hopes for the upside, but I'm just trying to build profits one step at a time.
Interesting ideas written here today everyone, it's been a great read.
I will say that the one thing that stood out the most is that BIG BEN is a BIG TOSSER!! Only a BIG TOSSER would brag about a meeger 2k in the green (WOW....you're my hero TOSSER, now you can buy 1/5 of a new Hyundai, I wanna be just like you someday).
Even further, BIG TOSSER managed to ridicule homosexuals, for no reason whatsoever and call everyone on the board a "loser". Well BIG TOSSER-I'm neither a homosexual or a loser, I could care less about 2k and I have better things to do all day than trade over a nickel here or there.
But you seem to enjoy it, so TOSS away all day BIG BOY (in your little dark room, probably in mommy's basement with BattleStar Galactica posters on the wall), and shut the f*ck up for a while.
Cheers,
-WhyNot
was avg at .38 and sold off 41,000 shares at .5650 and have some very dry powder to buy back more shares soon as it settles at new low.
tomorrow should be another exciting day.
