Decisions, decisions (SIRI)

[Websman]

Here is an interesting bit of news on SIRI. Although it didn't affect the share price today, it will definitely help to make Sirius a more profitable company in the future.
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SIRIUS to Provide Real-Time Traffic Data to Vehicles
Tuesday December 14, 8:38 am ET
Satellite Radio Broadcaster Signs with NAVTEQ to Offer Customers Most Up-to-Date Traffic Information


NEW YORK, Dec. 14 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio (Nasdaq: SIRI - News) today announced that it will provide real-time traffic data to vehicles over its nationwide satellite radio network. The company has signed an agreement with NAVTEQ (NYSE: NVT - News), the premier provider of mapping and traffic data reporting services, to offer consumers reliable traffic information in their vehicles.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
The new service will provide consumers with regularly updated traffic information, such as accidents, scheduled road closings, traffic flow data or other traffic-related incidents to help them select the best available route. Traffic information will be integrated into new in-car navigation systems combining route guidance and mapping with traffic. Initially, the service will cover 30 markets and is expected to expand to over 50 markets.

"This new data service will complement SIRIUS' First Traffic audio service by providing a visual representation of current traffic conditions specific to each link of roadway. Over time, additional features will be added to help determine estimated drive times on a given route, based on historical traffic patterns," said Jim Meyer, President of Operations and Sales for SIRIUS. "Combined with an in-car navigational system, consumers will be able to accurately determine the most direct routes through the mapping function, while being continuously informed about potential delays or incidents that could disrupt their travel plans."

According to company officials, SIRIUS automotive and retail partners have shown a high level of interest in the new service, and plan to offer it as a product upgrade for their upcoming navigational systems. The service is also expected to provide an additional revenue stream for SIRIUS, which the company believes will have a positive effect on its average revenue per user (ARPU) when implemented.

"This agreement with NAVTEQ is an excellent example of the types of data services SIRIUS plans to offer to provide even more benefits to our subscribers," added Meyer. "Along with our commercial-free music, plus news, sports and talk shows, you have an unbeatable combination of entertainment and services for drivers across the country."

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[scifos]

I like your new sig

Vulcans make great traders...no emotion. But I'm not a #@$% Vulcan!!!

[Websman]

Thanks! ....

[thebign1]

Good lookin' out.....

Yes, it's a high reliability reversal pattern.
So back to what I said earlier in the thread:

Originally Posted by spikefader
....look for the 'c' entry!!! and not the 'b' entry, where it is now....

Webs, if it were me, I'd not enter long today, but look to buy the next dip down to about 6.00! Anyway, the caution is duly administered!

Great advice Spike! I'll place a limit order for $6.00/sh. with all the funds
I had with SIRI before plus the profits. If it goes I'll be averaging up but I'll also have more shares!

[spikefader]

Great advice Spike! I'll place a limit order for $6.00/sh. with all the funds
I had with SIRI before plus the profits. If it goes I'll be averaging up but I'll also have more shares!

Also like the 68% retrace zone. This significant FIB support would match up nicely with a 'C' wave correction AND the gap fill........so 3 solid reasons for support in one zone. This area is the bargain basement price and the smart entry. If it doesn't come to it, then doors will open in the future.

[lak]

Also like the 68% retrace zone. This significant FIB support would match up nicely with a 'C' wave correction AND the gap fill........so 3 solid reasons for support in one zone. This area is the bargain basement price and the smart entry. If it doesn't come to it, then doors will open in the future.

Sometimes I am more aware how new I am to this than others........ thanks for that tip!

[Websman]

Uh...Spike and Runner...I'm not so sure SIRI will retrace to $6. It's looking very likely that Sirius may blow out their subscription projections. These things are flying off the shelves. There's also a big rumor about Apple and Sirius announcing a Ipod and Sirius combined unit.

I guess the question is, which will rule this time...the chart or "news hype".
We shall soon see.

Webs...

[Jaws57]

$6?

Part of me wants SIRI to fall back............So I can buy more!!!!!!!!!!!!

Jaws57

[lak]

Uh...Spike and Runner...I'm not so sure SIRI will retrace to $6. It's looking very likely that Sirius may blow out their subscription projections. These things are flying off the shelves. There's also a big rumor about Apple and Sirius announcing a Ipod and Sirius combined unit.

I guess the question is, which will rule this time...the chart or "news hype".
We shall soon see.

Webs...

The apple rumor has been around for a while........ even talked about on cnbc since early last week. Supposed to come true around CES. I will be at CES, curious to see if it is true or not.
I feel like this company is doing everything right this year........ I really do, and their subscriptions are going to take off over the holidays.
I would love to get back in long like I was before, but still think it can drop another .25 -.50.

[lak]

SIRI continues the selloff........ We might see 7 by the end of the week.

[spikefader]

Looking at SIRI today, the fact is there is that channel long I spotted earlier. I'm bullish on a C entry and speculated it could come back to 6.00 to complete that C wave. But there is nothing stopping the C from completing above that channel long day...is there?? So it seems to me logical to look for the C entry at all times during the C wave. That means we should be looking for that long now.....and so I am looking keenly at the intraday pattern to justify an entry. Right now, while it looks weak with price falling under intraday S2, there is a double bottom opportunity today at 7.10. It may bounce well off that.

Thefore, I am recommending a buy at 7.15, and should the low fail to hold - say on a closing 5 minute candle, I would recommend looking to exit that long position at the first opportunity with a break even limit order. Then get back in the hunt for looking for another pattern to enter on, since we're looking for the C entry and C has to end sometime. Pray for a simple and classic and perfect pattern formation that is bought. That will become the perfect entry for a ride to new highs. Who has the discipline out there?!

[spikefader]

Charts posted here

[Websman]

Thanks a bunch for going long Spike! I was wondering if I should sell, but you have convinced me to stay in. I still have a lot of profit on SIRI, but don't want to lose it...lol

SIRI sold off after investors found out that there wouldn't be a deal with apple. It's amazing how the charts always seem to work!

I still say that SIRI will surpass the million subscriber mark by a long shot.

Webs...

[spikefader]

Thanks a bunch for going long Spike! I was wondering if I should sell, but you have convinced me to stay in. I still have a lot of profit on SIRI, but don't want to lose it...lol

SIRI sold off after investors found out that there wouldn't be a deal with apple. It's amazing how the charts always seem to work!

I still say that SIRI will surpass the million subscriber mark by a long shot.

Webs...

You're welcome
Remember, I'll close this long if today's low doesn't hold....you know me, the hunter of perfect entries

[Websman]

You're welcome
Remember, I'll close this long if today's low doesn't hold....you know me, the hunter of perfect entries

So if SIRI drops to $7.10 tomorrow, we sell. I'm with you on this one Spike. I am far from having a loss, but I would like to preserve my huge profits.
We've already had three down days in a row and SIRI debuts on the QQQQ's tomorrow so the odds are in our favor, though never guaranteed.

I hope you make as much on SIRI as I have Spike!

Webs...