SIRI 1/4/2013 - Another Day, Another Dollar

[Limit5Bass]

Well, for any that missed yesterday's post, I'm thinking $3.35 could be in the cards near-term. I used a Fib retracement and estimated where I think the run will end. I started by anchoring the Fib retracement at the bottom and then proceeded to raise it up until the 50% Fib retracement line was in between the 2 gap-ups SIRI has had the last couple weeks. Most gap-ups (and gap-downs) fall within the 50% area of a Fib retracement. Based on this theory, $3.35 is my personal short-term target.

SIRI 2013-01-03.jpg

[abcdarin]

Good Morning Bass!!!

Thanks for your charts, you have to be a millionaire 10 times over with charting skills like yours!!! Things are going to get pretty exciting.

[brian65PLS]

I've been in/out since 8 cents a share.

So we pop at the opening today -
Sell at $3.24 and wait for a fall back?
OR DID EVERYTHING CHANGE SINCE LM IS TAKING OVER? DO THE TECHNICALS/CHARTS EVEN APPLY NOW?

[imromo24]

This is my problem too...toss out my charts or what!? 3.22 premarket sure ain't on my chart for "trading"

Edit: so bass thanks for yours. Fibs are the last charts I don't understand.

[abcdarin]

This is my problem too...toss out my charts or what!? 3.22 premarket sure ain't on my chart for "trading"

Edit: so bass thanks for yours. Fibs are the last charts I don't understand.

IM....so we need to know your secret for yesterday. When you watch the waves at the beach the price goes up and when you watch your phone the price goes down???? If so i need you to look at your phone for a few minutes then watch the waves all day long.

[imromo24]

A watched pot never boils right! I'll be flying today so you're welcome!

[bdp.]

Does anyone believe that "sell on the news" will apply here? Maybe up in PM but diving when market opens. And has the CC date been announced yet?

[denco1]

Well, for any that missed yesterday's post, I'm thinking $3.35 could be in the cards near-term. I used a Fib retracement and estimated where I think the run will end. I started by anchoring the Fib retracement at the bottom and then proceeded to raise it up until the 50% Fib retracement line was in between the 2 gap-ups SIRI has had the last couple weeks. Most gap-ups (and gap-downs) fall within the 50% area of a Fib retracement. Based on this theory, $3.35 is my personal short-term target.

SIRI 2013-01-03.jpg

I like that theory BassMan...awesome analysis!!......you are the PimpMan

If we hit your target shorterm I may just need to donate a few HOs to your stable of BEOCHES

[abcdarin]

A watched pot never boils right! I'll be flying today so you're welcome!

I think we have found our lucky leprechaun!!! Have a safe flight!!

[imromo24]

Oh my gosh. I just remembered this is on my chart. The cup and handle breakout could have a 29 cent (2.68 to 2.97 cup)

So stupid for not keeping my own posts in mind. So about 3.27 should be the top. Watch for volume under 60mil there.