SIRI Monthy Thread January, 2015!!

[bdp.]

I am really glad you didnt sell out back in the 3.20's few months back.

And if I did, I would have much less money today. I am, however, considering trimming some of my core to acquire some cash if /when we get into the mid 3.60's as that seems to be where the bottom keeps dropping out. Will also depend on the overall market as well as how favorable the rumors are as the 4q cc approaches. I might also consider buying a bunch of mega millions lottery tickets... In other words, I may get lucky, or maybe not.

[dm_4]

And if I did, I would have much less money today. I am, however, considering trimming some of my core to acquire some cash if /when we get into the mid 3.60's as that seems to be where the bottom keeps dropping out. Will also depend on the overall market as well as how favorable the rumors are as the 4q cc approaches. I might also consider buying a bunch of mega millions lottery tickets... In other words, I may get lucky, or maybe not.

[dm_4]

If anyone seriously believes we are pulling back to $2.75 in the next month....NOW would prob be a good time to start thinking about "going to cash" just sayn.

[midas360]

OK, here's the deal. Of the 136 times since the merger that the stock has moved +4.4% or more in a single trading day, 60 of those days were followed by a down "trend" (defined by me as several days of lower closing prices), while 76 days were followed by an up "trend" (several days of higher closing prices). I did find that very often a 4.4% day might be followed by a slight down day or two followed by many more up days, which I still considered an up trend. So fyi, don't be discouraged if tomorrow is a profit taking day.

Also, I noticed that most of the +4.4% or more moves that were followed by a down trend occurred in 2008 or 2009 - shortly after the merger, as the stock was trending down into the abyss...so I tend to discount those days.

More recently, Since Jan 1, 2010, there have been 56 trading days that saw the stock move +4.4% or more and only 17 of those were followed by a down trend with the remaining 40 starting what I would call an up trend.

Even better, since 2012 there have only been 12 previous days where SIRI had a +4.4% move or more and only ONCE was that followed by an down trend.

So.. .here's hoping for some better days ahead!

[denco1]

Good stuff, Midas...Tks

[waldo29]

bdp,

I am in the middle of an server enclosure fail over test so I have to make this quick.

Nothing changes on the 2.75 call/target until the range breaks above 3.66 on vol. Range is ~3.06 to 3.66. This has been the pattern to trade for 12 months. Obviously the range will break at some point, stops a nickle out for the swings trades are more important now regardless of the end of the range you are on. If it breaks to the upside or the down side, I'll be adding long term shares when it breaks. For me, everything in between is trading (short term basis), swing or day. Take profits from the swings in the middle of the range (3.36) and day trade it out the direction it takes you. Be careful of the macro in the short term, it will push SIRI (and everything) around in both direction until we get a bottom in oil and a top in the dollar. There is a lot in to 'the why it happens' at this point it would likely be attributed a macro event while in the lower end of the range that helps flush the technicals out. How you get to the lower end of the range from here is the same way we got there before.

I did not have time to day trade it out this time around, I had to miss the trade. I'll try to post more when I get freed up, but it will be a long couple of days.

And while you are at it, I am interested to know of the current progress of the tsunami that that will drag us back down to 2.75. Since it is crystal clear that It is in the nature of Siri to burn and rise over and over, I am actually quite excited about the prospect and now have an extra 11k (actually about $8k after the tax mans cut) to add to my position when it arrives and the inevitable massive gains when it rebounds. Please don't take this as a smart ass comment. I am serious. I would love a free fall to 2.75 but I am confused by the logic as to why this is going to happen. Thanks!

[dm_4]

Exactly.....not sure what to make of it.....but I ain't complaining


The other funny/strange thing is LMCA and LMCK have jointed at the hip and are now trading within a dime or less of each other. They have usually had a spread of $.50 cents or so.

EDIT: Currently in lock step at $35.31 each and within 10k of each other in volume

they closed at exactly the same price today

LMCA 04:00pm EST 35.19 +1.12 +3.29%
LMCK 04:00pm EST 35.19 +1.11 +3.26%

[midas360]

Thanks Denco!

Good stuff, Midas...Tks

[dm_4]

Siri hit 3.59 in pre market this am.

07:53 $ 3.53 Low 200
07:52 $ 3.59 High 100

[midas360]

Hey Denco... you going to the Spurs game tonight?