SiriusXM Bullet Point – Move On Volume
In early action SiriusXM has already traded nearly 6 million shares and seems to be moving up to test the resistance at $2.55. Watch closely, as we want $2.55 broken on about 80 million shares.
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8 Responses to “SiriusXM Bullet Point – Move On Volume”
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I’m smiling with my reposition right now! C’mon 80 Million shares and sure us up at 2.55. I’m feeling a big pop over the next two days, and a BIG one when guidance is raised. After that, we may have to watch between there and the earnings call, November 1st
2.55 was broken to 2.57 at around 14 million shares and now back at 2.56 again and 18 million shares. Does this look like 2.60 today? Possibly? Wish I had taken your advise and got back in at 2.50 or 2.51 yesterday Larry but ended up back in at 2.55 this morning. What a huge mistake I made yesterday and learned plenty.
Hi Albert;
Hey that happens, just pick up where you bought at and formulate your moves from there, that’s all you can do. Yeah mistakes suck and hurt, but the way to put it in the past is to get going and do it all again, and use what you learned from the previous experience
Thanks again for your support on my blunder. I did make a fair trade last week but lost it and more this week. I am barely a year into this business and have much to learn. I have lost some profits but thankfully not principle and if I can just be smart from here on I won’t lose my principle.
Albert…..
Active trading is a tricky business. While I do not trade SIRI actively, I have found that if you get into the neighborhood of a target that that is good enough. Getting the exact top and exact bottom is more luck than skill.
Don’t forget, there are many people that trade on technicals, and they can get itchy fingers.
By example. The $2.44 we saw was in the neighborhood of $2.40. When the equity began to bounce off of that on volume, it was a signal that there was strength at $2.44.
Today, it looks like this equity old test $2.60. That may or may not be a top. It will take looking at the action to see that. However, I am anticipating news from Karmazin that will be positive next week and has potential to set up a run.
Thus, in my opinion, being in at $2.55 will be good, and waiting on the news.
More later
No problem, man. The markets can be very cruel one day, and awesome on the other. Been a lot of times i’ve sat there and not known what to do, or needed something to happen that did’nt. All you can do is just learn as you roll, that gut feeling is always there- but pulling the trigger, now that’s a art that we all need to fine tune. That’s something I continue to work on, and my calculations are getting better. Maybe it’s since I don’t take profits, I just use it plus more capital to buy in on dips. If there’s any sloppiness in my execution, it’s that. None of us, even Buffett are bullet-proof. Only the Brokerage commercials, and CNBC seem to feed that lie, lol
EXACTLY RIGHT
Congrat! Spencer ,your bullet was on target today broke 2.55 and nearly hit 80 million volume as you predicted. I think that SIRI can hit 3.25 by the end of the year.. What do you think ?