I'd say rough months...not weeks, months.Originally Posted by bdp
SIRIUS XM SATELLITE RADIO FORUM
I'd say rough months...not weeks, months.
inside of my crystal ball is a chart with the 6 month macd, the ball says its just leveling off before its starts to point up again.
Buy the current "Actrive Trader" magazine. There's an article about the 3 best indicators. MACD is not one of them, in fact MACD is a laggard laggin indicator and it gets worst if you pick the wrong periods.
But that's cool, if that is your crystal ball then I have a better one. It's called prophet from TOS.
dont worry so macd has worked well for me if you go long term not for day trading like u do, and history with siri would tell you my crystal ball is much better than siriuswannabeowner's prophet from tos. just go back and look at how s.o. bashed siri in the teens when i was saying buy, of course he is a "swing trader" he thinks its sexier than being an "investor"
Royalty rates no longer an issue for ad support internet radio after new agreement was reached
http://www.techcrunch.com/2009/07/07...ly-been-saved/
Charles LaRocca
SiriusBuzz Founder
Ok. I bought SIRI at .12 remember ? Got out at 0.19, then got in at 0.21,got out at 0.35, got in at 0.32 got stopped when there was a weird trade about 4 weeks ago, got in at .35 got out yesterday @ 0.46... about a trade per month or so. As you can see I did not trade at 0.60 or 0.05, I tend to miss the tops and bottoms but most of the time I make more money than buy and hold.
So havin' said that, if you know the stock will go down to 0.35, why not sell right now and buy at 0.35 or at least below 0.42 ???
1.- YOU know the stock WILL NOT stampede to the stratosphere right now. So you will not miss anything.
2.- YOU will lose time NOT making money, in other words, you ride the waves, up and down instead of riding them only up or only down.
3.- AGAIN, you should get out right now. IF the damn issue does not go down more tomorrow, then it will the following day or maybe in 2 days or perhaps in one month, THEN you jump bak in. What is wrong with being in cash while waiting for the right signal.
MOST important: do not grow attached. They are supposed to make YOU money. If they are not making you money, dump them, or at least take advantage of them by riding them one way only.
Last edited by Siriusowner; 07-07-2009 at 05:08 PM.
I agree, but the start of 2Q2009 announcements may or may not have an effect. Last quarter, better than expected losses (key word here) triggered breakouts for many companies (like Ruby Tuesday's for example).
Right now the market is incredibly bearish. As some have noted, Biden's stupid comments may have helped the cause, but the real kick in the ass was the job loss report last week. It's probably going to get worse as companies continue to downsize to meet demand. Right now I am enjoying a manditory vacation (not!) as are many of my colleagues in the plastics and composites industries. Nothing is happening - period.
2Q2009 results are going to suck for everyone. The dow will most certainly see 7000's again. I have too much hope to say it won't go into the 6000's, but there is little in the way. This makes it really hard for people to be bullish on SIRI.
ur not wrong so, i just dont think its a given that its going to .35, specuially since siri likes to play games. i am close to selling and taking my profits and waiting for a further pullback. but i dont want to sell until it rebounds upo a bit which im sure it will before we get a break of .40, at least a rebound to .43, .44 .45 would be nice dunno if we can break .45 on a dead bounce
Last edited by trippingthespeculatingpos; 07-07-2009 at 05:17 PM.
. I think I've pulled ahead with this post . . .[/QUOTE]
________________________________________________
Naw. We are even until this little send off. Tell that kid I want to be his agent.
p.s. Are you bullish or bearish on siri from here??????
Wrong charles,the agreement is much better for SXM,because web radio still has to pay .08 a song OR 25% of revenue whichever is greater..Which means that services like slackdora will never be profitable enough to compete,as SXM pays 12% of gross revenue..Game over as competition,but they'll survive as free niche markets type music services for a while,until they start charging subs for it...
Reply With Quote