Originally Posted by
bassmaster
not a bad sell imo. even if we hit 60 again i doubt you'd be able to get that same sell.
well we settled in the mid 50's . my expectations seem to be on track. i also said we needed high volume to get through the 60's and we didnt get it. at least 200MM shares traded would have pushed us through. we may hit 60 in pre but volume doesnt matter to much there, its the buying pressure and the MM's that would control the price at that time.dammm im nice. well , get ready for the bad news tomorrow. at least thats how the street will see it. will mel suprise me on guidance? i hope so. otherwise 40's are on the horizon. i still hate todays candlestick. if i was a betting man , i would be shorting the hell out of it starting sometime tomorrow. i am expecting upper 50's tomorrow then downhill. so hang on for the ride and if you're a long none of this should matter to you (i am not worried about the takedown, i am expecting it). if anyone sold, next week should bring some good buying opps for the swing trade. it will take a few days of hardcore consolidation till it finds a comfortable range to trade in. then the rest is up to the msm's. why do people try to daytrade this? the swing trade is a much more profitable play for impatient people. well, for me and johnny irish, we hold plenty of shares and not fudging around with a single one. the long term chart for sirius is in great shape and any long with a buyin of 1.50 shouldnt worry imo.
p.s. my bearish attitude going into tomorrow can change with how the CC goes and mel's guidance. i dont care if they forecast 700MM in EBITDA. the street wants to know other metrics.
PEOPLE DONT FORGET Q3 IS GOOD, BUT Q2 WAS STILL SHlTTY....ALL THESE PRICES ARE GOOD BUYIN OPPS IF YOU WANT TO HOLD LONGTERM.
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