SIRI Intraday Updates for the Week of 1/05/2009

[billhart22]

You all can't be serious talking about trend lines between 11 & 13 cents. Zero = no financing or $1.00 with financing & the trends means nothing. People have been talking about downside resistence from $9.00 to .12. I can tell you one thing, 0 is the bottom.

And I own shares and tempted to buy 10g's worth right here, I have to laugh at this thread.

You have a very valid point! Considering the finances of the company, you have an extremely good point, and I personally agree with you!

As far as where the stock goes tomorrow, that is the prediction above, not about the stock with financing or no financing involved, or the projected success or doom of this company. Personally, I am very interested in charting and make purchasing and selling of all of my stocks on many variables. Charting is one of them and finances is another. Financial reports are important to me.

I have money side-lined, but I like to find a good entry point before putting it into a stock, because there are other stocks that I am looking at or buying all of the time. I have to use my money as wisely as I can to make money, or to me there is not any sense in investing.
Sharing a prediction is not a bad thing, nor is throwing $10 g's when you feel the time is right. We all do and think about investing in different ways.

Nice to meet you!

Have a great evening.

[Demian]

http://www.cnet.com.au/hometheatre/0...9294031,00.htm

CES 2009 preview: Home audio
By John P. Falcone on 06 January 2009

"With federal approval of the XM/Sirius merger, the unified company can begin touting its consolidated programming offerings and — perhaps — begin to discuss hardware that can access content from both XM and Sirius satellites. But the fact that the company is now a penny stock will weigh heavily, as will the troubled US auto industry — the sales from which traditionally drove satellite radio subscriber growth."

[Siriusowner]

You all can't be serious talking about trend lines between 11 & 13 cents. Zero = no financing or $1.00 with financing & the trends means nothing. People have been talking about downside resistence from $9.00 to .12. I can tell you one thing, 0 is the bottom.

And I own shares and tempted to buy 10g's worth right here, I have to laugh at this thread.

The trend means nothing now because it already reached bottom...but from $9.00 to .12 there is only one trend... down and that is when support meant s*&t.

Support = Bottom, Resistance = Balance sheet and Debt, once those get fixed, the resistance will disappear and we won't have to worry about support. BUT remember Wall Street is all about perception and a perception that those will get fixed will lift the price of the stock. And amazingly that is what is beginning to happen, otherwise the price of the stock would be already in the single cent digits or 0.

[Siriusowner]

You have a very valid point! Considering the finances of the company, you have an extremely good point, and I personally agree with you!

As far as where the stock goes tomorrow, that is the prediction above, not about the stock with financing or no financing involved, or the projected success or doom of this company. Personally, I am very interested in charting and make purchasing and selling of all of my stocks on many variables. Charting is one of them and finances is another. Financial reports are important to me.

I have money side-lined, but I like to find a good entry point before putting it into a stock, because there are other stocks that I am looking at or buying all of the time. I have to use my money as wisely as I can to make money, or to me there is not any sense in investing.
Sharing a prediction is not a bad thing, nor is throwing $10 g's when you feel the time is right. We all do and think about investing in different ways.

Nice to meet you!

Have a great evening.

If you trade 1 block of 1000 shares, he is right, there's not need to over analyze the stock. However, if you trade 10 blocks or 100 blocks then you do need to have a sense of where the price is going, don't you think ? I mean throwing 10 g's at a penny stock... you really have to have the guts, a bottle of cheap scotch and 1 or 2 strippers dancing in your lap...

[Demian]

There is no way I am going to buy that low volume gap up this morning....

I'm waiting for more direction...

This is just off the top of my head, but I will throw this out there....

SIRI hasn't closed up 3 days in a row since last December - so that's a lot to ask with no news, but if it does close up for a third day - it could mean a real reversal....or not.

Prediction - SIRI closes at .13 today...

[Siriusowner]

There is no way I am going to buy that low volume gap up this morning....

I'm waiting for more direction...

This is just off the top of my head, but I will through this out there....'

Prediction - SIRI closes at .13 today...

Yes, we all thought it will be down but Tripping made a good point, this would be the 3rd day up not the 4th and stocks go up or down most of the time following Fibonnaci's sequence. 1 day up, 2 days down, 3 days up, 5 days down, 5 days up, 3 days down, 2 days up, 1 day down, etc .... Rarely the go 8 days in a row up or down but they do...from time to time. 4, 6, & 7 are not part of the Fibonnaci sequence. Still, this is just one indicator, the 15 day moving average was crossed yesterday (it has not happened since July 2008) and stochastics were close to the oversold side. Three indicators showing the stock will move up today and may continue doing so + the S&P downgrade + the new year + perception...All we need now is volume today... on the dark side you have dilution... How many shares have they issued so far ?

[Demian]

Siriusowner,

I was the one that made that point about SIRI not being up 3 days in a row for weeks and that this would be the third day. You said SIRI had already been up 3 days in a row and Tripping corrected you.

Looking at the volume picking up and strength of the current channel, I decided to buy in @ about 13 and a half cents....

That was my plan.......to see more direction. I saw it and liked it so I bought more - adding a few more thousand shares to my position. Not as much as I had bought at .12, but I have been scaling in...

SIRI still might go to .13 today, but I see more risk being out than in right now - and especially at this level...

[Demian]

http://biz.yahoo.com/prnews/090106/ny55826.html?.v=1

Press Release Source: SIRIUS XM Radio

Renowned Chef Bobby Flay to Host Exclusive Five-Week Series of Shows on SIRIUS XM Radio
Tuesday January 6, 11:09 am ET

[Demian]

I am going to comment on the volume today because it is picking up and there has been over 30 million shares traded so far today. It's looking like SIRI will finish the trading day with above average volume. If SIRI continues it's uptrend with this kind of volume, it is more confirmation of what I think may be a reversal in progress...

[Demian]

Face it, the only worst thing is BK.

What about asteroids hitting the satellites?