SIRI IntraWEEK Thread 08-03-09

looks like it was a steady climb on may 6th right up to the end of the day.

I'm probably wrong but I don't think getting to the .60's is very possible. I think there are alot of stop losses in the .54 to .59 range. There are plenty of people waiting to sell and buy back in.

Originally Posted by atmgeek1

I'm probably wrong but I don't think getting to the .60's is very possible. I think there are alot of stop losses in the .54 to .59 range. There are plenty of people waiting to sell and buy back in.

Do you mean stop losses or limit sell orders?

Originally Posted by RunCatalina

Do you mean stop losses or limit sell orders?

I'm new to this but probably both. Isn't a stop loss, or should I say trailing stop, where you set a certain $ amount or percentage of a drop in sp to trigger a sell? you are correct though, also limit sells as well.

i think what you mean is limit sell, like mine i have at .58 right now. If a lot of people are waiting for .58 to sell then it will drop....I think the magic number right now is .63 because that was the hand that was shown a while back.

Looks like a lot of profit taking here at .52-.54, that should set us up for a good run tomorrow with the profit takers out of the way ('cept for me)

Originally Posted by imromo24

i think what you mean is limit sell, like mine i have at .58 right now. If a lot of people are waiting for .58 to sell then it will drop....I think the magic number right now is .63 because that was the hand that was shown a while back.

Looks like a lot of profit taking here at .52-.54, that should set us up for a good run tomorrow with the profit takers out of the way ('cept for me)

Hi romo,
I'm one of the profit-takers today - unloaded all 73K shares. Was tempted to wait until tomorrow or the next day, but finally decided to reap now. I'm looking to load up again incrementally after the CC.

Best of luck to you over the next couple of days - I hope we break .60!

pro, what did you get for them?

Originally Posted by imromo24

pro, what did you get for them?

Sold at .525. Acquired at .385. I'm happy with it.
I'm expecting bad press on lost subs after the CC, and and am hoping to re-acquire starting maybe as soon as next week.

http://www.fmqb.com/article.asp?id=1440146&spid=1314

Clear channel has the if you cant beat em join em mentality. It must burn their asses to be supplying the ads for one of the very businesses that is killing their radio business.

I admire your guts.........My numbers are very close to yours. I would never sell everything but I'm having trouble pulling the trigger on just a block of it.

Something feels very different in this pre cc run up....it's slow & steady, unlike the dramatic spikes like the others....

I'm afraid to sell in case of a post cc run up after a good Q report, then it settles back to the mid 50's...

Originally Posted by proactiv

Sold at .525. Acquired at .385. I'm happy with it.
I'm expecting bad press on lost subs after the CC, and and am hoping to re-acquire starting maybe as soon as next week.