Decisions, decisions (SIRI)

[spikefader]

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

I've seen plenty of stocks actually rise significantly after weak volume. In fact, check out SIRI's chart and you'll see the same thing. I'm remaining bullish while the recent channel long day remains intact and the channel stays upwards.

[Websman]

I've seen plenty of stocks actually rise significantly after weak volume. In fact, check out SIRI's chart and you'll see the same thing. I'm remaining bullish while the recent channel long day remains intact and the channel stays upwards.

I won't rule out going long yet, but I would like an entry below $5.

[CabrioM3]

I did a three month chart on siri and see an interesting pattern:
Ever since it hit the $9 range it is has created a series of downward "Rounded humps" with each step down.
Don't know if it means anything but i thought it looked interesting.


John

[lak]

I think, like the articles that were released today, people have lost interest in Sat Radio as a whole. That SIRI buzz is needed to make it fly again.........

[spikefader]

..but I would like an entry below $5.

you bargain hunter you!

[Websman]

you bargain hunter you!

Thanks! I can be patient...

[scifos]

Webs, you may be interested in this: Sirius recievers in iPods

http://news.ft.com/cms/s/6a72ab42-7ac1-11d9-a8c9-00000e2511c8.html

[Websman]

Webs, you may be interested in this: Sirius recievers in iPods
http://news.ft.com/cms/s/6a72ab42-7a...00e2511c8.html

Thanks! Very interesting. With Mel at the wheel, Sirius is going to be huge.

[Websman]

I wanted a price below $5 on SIRI, but after reveiwing the chart and possible news, I'm thinking that now is the time to get back in at $6.
I may consider placing a buy order in the morning with a limit of $6.05.
I don't like having to set limit orders, but going to work is a neccessity. Would anyone want to consider donating a few million bucks to my Paypal account so I could stay home for a while???

[Websman]

Spike, It looks like SIRI is has finally stabilized and has formed a base. The Bollinger Bands are also sqeezing tighter. It looks to me there should a big move, either up or down, in the near future. I'm thinking up.
What do you think? Are you still bullish?

[CabrioM3]

Headfaker

The 2nd week of november is it gave a head fake at the end of the squeeze. According to Bollinger, "Once a headfaker always a headfaker".

At the end of june it had a squeeze, but went down, although the whole market went down too.





John

[Websman]

The 2nd week of november is it gave a head fake at the end of the squeeze. According to Bollinger, "Once a headfaker always a headfaker".

At the end of june it had a squeeze, but went down, although the whole market went down too.





John

So, I'm assuming that you mean by "headfake", SIRI should do the opposite of what the normal reaction would be.

Enlighten me. Are you saying that you think SIRI should go down further? I'm not that familiar with the whole Bollinger theory. I need to study it some more.

[CabrioM3]

So, I'm assuming that you mean by "headfake", SIRI should do the opposite of what the normal reaction would be.

Enlighten me. Are you saying that you think SIRI should go down further? I'm not that familiar with the whole Bollinger theory. I need to study it some more.

Websman,

A headfake is where at the end of the squeeze the stock will go in one direction for a session or two then take off in the other direction.
In november siri went into the Bollinger band squeeze for many sessions around 3.91 then did a quick dip to around 3.84 and then shot upward. Look at the November 04 chart and you'll see how it faked like it was gonna fall then bursted up.

John Bollinger says that if a stock does a headfake once in a squeeze it will do it each time.

Sorry about adding in June/July's movement, I just brought it up as an example of a squeeze that ended bearish.

I have no idea where siri is going! A squeeze means low volatility: Low volatiliy leads to high volatility, in either direction. Your correct, its gonna move big one way or the other!


John

[spikefader]

Spike, It looks like SIRI is has finally stabilized and has formed a base. The Bollinger Bands are also sqeezing tighter. It looks to me there should a big move, either up or down, in the near future. I'm thinking up.
What do you think? Are you still bullish?

I'm neutral on it. Channel turn down from the low at 5.28, and a channel short day today. It's vulnerable where it is. Also, the larger potential SHS with recent neckline break targets 2.60, so that's a problem. Better times to be long for sure.

[CabrioM3]

I'm neutral on it. Channel turn down from the low at 5.28, and a channel short day today. It's vulnerable where it is. Also, the larger potential SHS with recent neckline break targets 2.60, so that's a problem. Better times to be long for sure.

Spike,

Take a look at XMSR charts. Now that "earnings excitement" is past it seems to be losing volume and going flat.

Do you see anything on the XMSR chart that may give some insite into these two "Sister" stocks overall?

Also can you please tell me the Shoulder right, and the Shoulder left price points?

Thanks,
John