I don't really have a prediction (yet - since you asked, I'll look - but usually I think of it as probabilities of them hitting targets - patterns or support and resistance - so making a day to day call isn't usually in the books unless there is the momentum to reach one of the targets - that happened yesterday, and its in the middle now - [just looked at a chart - I have an older set of lines drawn at 0.57, but not sure if they are old and not usable - the initial reasons drift off the charts ] so it depends on the day and the conditions whether I'll call a chance for something making it to its target, if there is a long road inbetween targets, then there is no way of making a price prediction on a certain day, it could take 1 day, it could take 5, see what I mean, but other days, then yes, I can make a call - particularly if there is more than one type of target - like when it peaked in april - there were in the neighborhood of 6 different types of targets in the same area, and the momentum behind it - if I recall, there is some clustered strong resistance up near 0.69-0.70, so I think it would stall there if it continues to run (but what day that will happen, who knows, we are too far away from it, and have more resistance to go - the market could take a dump for a day and slow progress - long winded response - haha - quick answer, somedays its there, others its not), but I'm longer term on this provided it appears the company seems to be getting their crap together. To me the only news worth knowing is the guy in charge has those options for 0.42 cent shares. Some of my shares are free, and the rest were bought near that level, so that's what I'm counting on. I haven't calculated what my average is. The longer term charts (*today*) look promising, so I haven't really blinked an eye at it in weeks - even the russell shuffle's price rebounded exactly at a 0.30 support line, so after that, I figured it was clear sailing - in fact, that line was support + pattern trendline, so even better. The other thing though, is the general market - I think a lot of SIRI holders are almost just that, SIRI holders, they forget that there are people who own a basket of stocks, so say like my friend at MSFT, who is a millionaire, and has been trading since we were in college some 20 years ago, he trades a lot of tech stocks, and could have been a SIRI holder at one point, but on signs of market weakness back before the plunge, what is he going to do? Hold the weak stuff while leaders like AAPL fall?, hell no, that's the first stuff to go. Once he's even considering selling some of his IBM, MSFT or AAPL shares, those smaller companies are long gone - particularly those that had the worst fundamentals of any stock you could choose among the entire stock universe. You can see it when you overlay SIRI with these types of stocks... rambling... but at this point, as long as I see the hopes of another base, I'm long in it, and not trying to trade in and out of it. I bought a lifetime subscription to help out the numbers for this quarter even! (heck, not to mention another player and 3 months of service). I'll have to look at my charts to be sure those numbers I quoted up above are right - so far, I just glance quickly at the support and resistance at hand, and its just visual, since the lines are drawn most of the time, and I have to squint to read them. If I could make a day to day call, day in day out with 80-90% accuracy, I'd be charging a subscription price on my day trading webpage, hahaha.Originally Posted by just sirius
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Patience sucks, I just want to make alittle money.
