Decisions, decisions (SIRI)

[Websman]

[I will buy if it drops back below $6.

[New-born baby]

Runner,

On another forum they are shorting SIRI with a bottom near 5.38. Their viewpoint is that they love the runnup on lower volume, and buying on emotion and commercials instead of fundamental news. We'll see. As I said before, it is a very safe short because it has no profits. You could hold your short a long time and make it pay. And its a long time until next Christmas.

Spike,

The target is 5.31 (I incorrectly stated 5.3 because that is just above recent lows (support).

If it were to fall that far, it would take probably 3-5 days. The thing about shorters is that every one is a guaranteed buyer of the stock. And buying pushes the price upwards.

[Runner]

Pre M long off 6.15 also support intraday channel touch @ 6.15

[CabrioM3]

4 doji in a short time frame! So what would one deduce from that? Is this a sign that the bulls have about lost it here? I know one can't predict and I don't expect a prediction. I happen to be in the middle of Nisson's books so am just trying to identify general patterns and notice this


BTW I joined stockcharts: great, excellent ...etc
Thank you, Runnner!


John

[Runner]

John, I hope you like stockcharts. I really like how you can save all your charts. Also you will find the candle glance view will allow you to search through hundreds of charts in very little time. I picked up a bullish move on SIRI yesterday off intraday charts, but who knows if it will hold. SIRI currently fails one of my rules with the 10,20 EMA on the daily chart!!

Example of the 10-20-30 ema, Notice the turn points off the 30

[lak]

[I will buy if it drops back below $6.

Ditto that call!

[Runner]

I was just wondering if it hit bottom @ 6.10?

[lak]

Perhaps......... it is turning

[Runner]

[Runner]

Bot it @ 6.12 Stop 6.05

[Runner]

Not sure if I should hold overnight or not....

[Runner]

Closed it @ 6.16

[Websman]

Ditto that call!

The volume is still weak. We may see SIRI go under $5 before summer...

[New-born baby]

Webs

The volume is still weak. We may see SIRI go under $5 before summer...

The Queen of the Vulcans must have been talking some sense to you. I still say 5.31 . . . . the short is still in place. Volume is low, as you say.

[Websman]

The Queen of the Vulcans must have been talking some sense to you. I still say 5.31 . . . . the short is still in place. Volume is low, as you say.

I love my Sirius Radio, but I'm in this game to make money, and I see SIRI going down during the first part of the year. I think we'll get our best price in June and we'll see SIRI make a good run towards the end of the year. This is pure speculation of course.