John,of course your invited,but you have to forget the stones and bring ice cream cones for everyone,with jimmies to boot....or sprinkles for rest of the country!!!Originally Posted by john
We can set up a poker tournament to teach Bassmaster how to play and have a winner take all with 1000 shares of SXM the entry fee!!!
Last edited by JohnnyIrishXM; 08-11-2009 at 10:50 AM.
Quick observation on what i think happened with the CC run up.
Level 2 for last 2 months had an average of 2800 sell orders at open and 7000
buy orders at open,which to me was a lot of shareholders who missed last sell opportunity at .63 and had ?GTC sell orders in,now we have 3400 buy orders at open and only about 4300 sell orders at open,which tells me those GTC orders got filled and alot of swing traderfs now have a higher cost avg,hence we trade here at the .50's...
no one is selling less than .52 right now and buy orders are flying in to keep it at the 3000 order mark,even after all the sells are filled,,
To me this is the best sign of .60's coming soon,and then we will fill that gap in to .70;s by end of sept..
Johnny, I like the way you think.
This is a buying opportunity right now in the .52 range. I think we've established our new bottom at 50 cents and it's all up from here.
If TA can be trusted, its looking very nice right now, overall. But nothings concrete until we break and hold over .63, obviously. Dont trust them to clear the .65 cent bondholders before Q3. But its definately not impossible, as this stock is still undervalued.
Sorry Relmor,that bond convert theory doesn't hold water with me,IMHO,they get their money either way,they'll just convert and sell higher,or hold and get the interest,but i beleive they were paid off already in july according to 2Q report..you are talking about the Dec .bonds right?
Ill tell you why that does hold water. Why did it hit .63 cents on only slightly high volume for no reason? Off the 200 DMA announcement from Cramer, and GS price marker set at .63 cents. Sure it enough it did. THe knew 100 percent that they could hold that line. They let it run to .63 in PM on CC day, then back down to open much lower. Used PM volume to control the price that day.
Thats 2 cents off the .65 cents. Now, if that price is no longer relevant, than please correct me if im wrong. But now with high volume, they make .60 cents hold. A 5 cent cushion now. .63 cents/.60 cents. Nothing significant in this price range to be stuck here other than that theory.
They ran fake Bk stories to hold that line, they reprinted old articles, SiriusXM announced dilution that day it was threatening that line. No leak of good news from SiriusXM the day before to try to break .60 cents then. Massive attempt to hold .60. Why .60? Because they couldnt risk trying to hold .63. Too close now, with so many positives from the company.
If the bonds are paid off, then all this action could indicate a steady basing, and a move much higher than. If there is no attempt to artificially hold .65, then I see no reason why it cant clear it then. SI report will be interesting. But the next one will show us how many shares were shorted at .60 cents or a bit lower, on this last surge up.
Last edited by relmor2003; 08-11-2009 at 12:02 PM.
John,of course your invited,but you have to forget the stones and bring ice cream cones for everyone,with jimmies to boot....or sprinkles for rest of the country!!!
We can set up a poker tournament to teach Bassmaster how to play and have a winner take all with 1000 shares of SXM the entry fee!!!
Thats ok, I am to cheap anyway to pay for the extra bagage it would take to bring them. As for the rest I dont have any left, I have been out of that business for some time now.
Think about it Irish. Why did it "have" to hit the 200 DMA? Right at .63. Right when it was convienent. It could have hit at .70. Or .80 or .59. No .63. And right on Cramers schedule. If we learned anything about Cramer, timing is everything, and hes been well documented on how crooked he is.
hey I am willing to go as far as saying I think the thirties are gone but I dont think I would go as far as saying that about the forties or even as low as the low forties.
Relmor,that was before the new bond offering and everything going on with the sec and positive news coming out,they thought it was bussiness as usual and .63 was the mark to shake shares loose as you've seen on waves and other sites who had GTC orders sitting there on advice from BM for months.
Said ity then and say it now,never have GTC orders in,it shows your hand,unless away from pc for a while,but there were like 10k orders on all brokerages(est) telling MM's where they vcan go,IMHO...
But either way,bonds are paid off in Dec.
P.S. GS is sitting at .69 today,what does that tell you?
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