Sirius XM Establishes New Support
The great news is that support has indeed moved up. The flip side of that coin is that it is pretty clear that Liberty Media (NASDAQ:LMCA) has been helping to hold the proverbial line in the sand by buying up shares on the open market in its quest for de jure control. In addition, Liberty has been amassing these shares without really moving the equity price up. SiriusBuzz Premium members are getting insight into why Liberty is able to do that, as well as other insightful information about SiriusXM, Liberty Media, car sales and more.
Longs can celebrate the new support at $2.50, but there are some caution flags that exist in other technicals I follow. If you are a serious investor, SiriusBuzz Premium may be something you want to consider. Cheers!
Support at 2.53 – 2.54 that it has been holding and closing at for a good while has just broken down, so the 2.48 level is what still needs to hold. While support may have moved up, it is starting to see cracks and could be headed to 2.37 IMO. Short-term macro this week may decide the direction…
I see those cracks as well and covered them for the premium members
That was a pretty abrupt cutoff of your followers that have been reading your articles for years…unless of course they pay. Not much of a warning ?
SiriusXM investor….
Yes, there was very little warning, but what other way is there to do it? The content either has value for someone, or does not. People that see no value in it are not missing anything. People that do see value will subscribe.
yeah this reminds me of bradon leaving everyone in the lurch
I have intentionally set this up in a manner that will not leave people in the lurch. It is a month to month subscription. If for some reason I get sick, into an accident, or some life event that does not allow me to write anymore, there will be no charge. If I start off a month I will finish the month.
I also believe in pricing integrity. The price is the price. People don’t have to worry about paying for something only to see a lower price in a week, and then a lower price again in another week. This is a premium subscription. That caters to those that value information.
My intent is to bring integrity and trust to the premium model. I can see why some that feel scorned somewhere along the way might be gun shy, but I assure you I am not a carnival barker trying to make a quick sale
Sirius charges less per month and they are a 14B company. I have appreciated your commentary for all these years, but I’ll have to pass.
I understand.. The premium service is not for everyone. There will still be a lot of coverage on the standard site
Comparing technical analysis to audio entertainment isn’t exactly apples to apples. 19.95 is cheap for analysis and its cheaper than the other guys monthly rate. Considering Spencer’s stuff is better than the other guys paid stuff, 19.95 sounds like a deal to me.
Hey Spencer,
Good luck with your premium service!! As a serious long I’ve surely appreciated your insight and amazingly meticulous analysis of not only this stock but the environment that SXM resides in. The folks that really play the swings are really going to find your premium service valuable.
I’m an old holder of this stock and will miss the detail that I’m sure you will provide in your new service but I get your need to monetize your work. Don’t forget to throw a bone to us that enjoy your basic site!
Good Luck
G
Gc…..
Thank you for the kind words of support. I will keep the free side of the site active with posts as well. I am trying to make the best situation for both
Well said, GC.