Sirius XM January 2016 Thread - Happy New Year!

**waldo29** · 01-20-2016, 11:57 AM

Originally Posted by dm_4

Lots of dust on that call...may want to buy 2 cans.

May not need any at all.

It has been a while, and it would not be the same call. But, it would get there for the same reason. Macro event during a period where the buyback is not founded (slower rate). However, last time 2.75 was the 50 retrace, we would have a new number to work with.

She nice we lost 3.65, Let's play with 3.31 (8/24) support, then 2.98 if that falls. then discuss where the train is going to end up.

Position is the same.

**MUSCLE13** · 01-20-2016, 12:34 PM

Brandon - I bought more at $3.50. You didn't stop me like I asked you to. Can you please stop me from buying more Sirius! I feel like an addict........LOL

**bdp.** · 01-20-2016, 12:58 PM

Originally Posted by MUSCLE13

Brandon - I bought more at $3.50. You didn't stop me like I asked you to. Can you please stop me from buying more Sirius! I feel like an addict........LOL

Unfortunately, I think the bleeding continues until we hit 3.35 and than hopefully a bounce. I am staying away from buying anything until I can see definitive signs of the market stabilizing and a bottom.

**MUSCLE13** · 01-20-2016, 01:07 PM

Originally Posted by bdp.

Unfortunately, I think the bleeding continues until we hit 3.35 and than hopefully a bounce. I am staying away from buying anything until I can see definitive signs of the market stabilizing and a bottom.

Impossible to call a bottom. That's why I have been averaging down. But you have not stopped me Brandon! Why???

**bdp.** · 01-20-2016, 01:29 PM

Originally Posted by MUSCLE13

Impossible to call a bottom. That's why I have been averaging down. But you have not stopped me Brandon! Why???

You will have to ask Brandon and I don't think he shows up on this site since he is very busy groveling and begging for cash at his own. As far as calling a bottom, it is impossible. That's why I said I "think". I can absolutely not be certain. I'm just using what information I have been acquiring from all the various sources and basing my guess on that. I have also been reading that once we break through a narrow band of support levels of the s&p, (the first being 1830,) we can very well be looking at an additional 20-30% decline before bottoming and it would likely be 10 years before we achieve the recent high market levels again. (Another 2008 all over again.) I am hoping this is not the case but anything can happen!

**midas360** · 01-20-2016, 03:35 PM

This is going to get real ugly going forward.

**dm_4** · 01-20-2016, 05:58 PM

Originally Posted by waldo29

May not need any at all.

It has been a while, and it would not be the same call. But, it would get there for the same reason. Macro event during a period where the buyback is not founded (slower rate). However, last time 2.75 was the 50 retrace, we would have a new number to work with.

She nice we lost 3.65, Let's play with 3.31 (8/24) support, then 2.98 if that falls. then discuss where the train is going to end up.

Position is the same.

It would not be the same call....well i agree with that lol. So are you making a new 2.75 call now? I take it you are not there yet based on the "if" part of your theory. Just out of curiosity...if memory serves correct...didn't you start a long position of sort to cover your short when siri was in the 4.15 range?? What happen to that position? Really does not matter to me...i sold near the top. good luck all.

**dm_4** · 01-20-2016, 05:59 PM

Originally Posted by midas360

This is going to get real ugly going forward.

Great bounce off 3.45

**midas360** · 01-20-2016, 06:26 PM

Alot of stocks had a great bounce off of last Augusts key levels. But who's guessing

Waldo is the best investor here!