Decisions, decisions (SIRI)

[spikefader]

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

John,
Neutral on XMSR today. It had a weekly channel long recently, but today the daily is producing a channel short day. If it breaks the channel then I'd change my stance to bullish, with a view to attempting to enter at intrday pattern/support somewhere.
The R shoulder for SIRI is at 6.70 and the L is 4.29 with the SHS creating over the last 5 months. The pattern would lose it's credibility if 6.70 gets broken.

[CabrioM3]

Spikefader, many thanks! You're really helping me to learn.


John

[spikefader]

Sure, anytime.

[IIC]

SEC Probing Possible Insider Trading In Sirius -Report

NEW YORK-The Securities and Exchange Commission has launched an insider-trading probe of shock jock Howard Stern's deal to join Sirius Satellite Radio Inc. (SIRI), the New York Post reports Saturday.

In the two weeks running up to the blockbuster announcement last October, Sirius stock soared nearly 40%.

The SEC is looking to determine if someone who knew the deal was coming started buying up stock in anticipation of shares skyrocketing when the news got out, the Post said.

Friday, New York gossip journalist Chaunce Hayden, a frequent guest on the Stern show, received a subpoena from the SEC, the Post said.

He was told he needs to appear before the SEC on Wednesday to answer questions about what he heard in Stern's studio around the time of the Oct. 6 announcement that Stern was leaving free radio for Sirius.

The subpoena is seeking information about "trading in securities of Sirius Satellite Radio," according to a copy obtained by the Post.

Hayden told the Post an SEC official told him the agency was investigating allegations of insider trading.

A Sirius spokesman told the newspaper: "We have no reason to believe this matter involves Sirius or any actions of its officers, directors or employees, and neither Sirius nor any of its officers, directors or employees have received a subpoena in this matter."

An official for the SEC declined comment. A representative for Stern was unavailable for comment, the Post said.

[spikefader]

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.

SEC Probing Possible Insider Trading In Sirius -Report

Here's the chart for SIRI today. The blue and gray channel turn downs are the whisper of lower prices. The news IIC reports to us could be a fundamental reason for price to fall to fill the volume by price void, and to test pink channel support, possibly leading to gap fills and/or SHS targets.
Warning to SIRI longs.

[CabrioM3]

Its a little late for the warning! It could be like the perfect storm, the technicals look bad, Christmas cheer is over and now we have the SEC!

I may get my wish after all -- to buy back all the shares I had using only the profits I made from it last fall!



John

[IIC]

Its a little late for the warning! It could be like the perfect storm, the technicals look bad, Christmas cheer is over and now we have the SEC!

I may get my wish after all -- to buy back all the shares I had using only the profits I made from it last fall!



John

Sorry...If I could, I'd watch news headlines all day...or maybe 1 min charts??? But, I posted it within a coupla mins after I saw it since I knew that there are a number of people here who are interested in SIRI...IIC

[spikefader]

Its a little late for the warning!
John

LOL never too late for a warning! Not for anyone long here at close price at 5.87 and it's about to fill the gap under 3.00!

[CabrioM3]

Sorry...If I could, I'd watch news headlines all day...or maybe 1 min charts??? But, I posted it within a coupla mins after I saw it since I knew that there are a number of people here who are interested in SIRI...IIC

IIC,

I did not mean you were late, I meant that by the time the stock opens this week the longs will already be down because of all the premarket activity. If I were long I'ld have insomnia.

I appreciate your posts and I learn from reading your threads. In fact one of the reasons I sat out Siri was because of the information you guys posted here. I am Sorry if I came across in the wrong light.

John

[New-born baby]

Music, please/

LOL never too late for a warning! Not for anyone long here at close price at 5.87 and it's about to fill the gap under 3.00!

Spike,

Looks like my call for 5.38 is too high. Under $3? That short might make more money than I thought.

Hey, I wonder if you could do us a favor? That chart you posted on SIRI needs a little background music. Do you think you could install some? I would suggest a song like: "The party's overrrrr, and the hard part begins."
Or how about, "I'll be short until the last tear drop falls."

[spikefader]

lol Nice idea, but I don't think I can attach music, and I don't know if the accepted formats will play with music.

Good call on the short side SIRI!

[New-born baby]

SIRI short

SIRI shorters:

She's hit my target of $5.38, but showing so much weakness that it appears Spike's chart trumps my first target. Stand back! Let her fall!

[spikefader]

SIRI shorters:

She's hit my target of $5.38, but showing so much weakness that it appears Spike's chart trumps my first target. Stand back! Let her fall!

Yup Nice to be on the right side of it. The channel short day at 6.18 was the genius.

[CabrioM3]

It broke the January 20 low of 5.28, We'll see it if it closes below that.


John

[Websman]

Close at $5.15...It feels great to know that I made lots of money on SIRI and then got out before it tanked....BWAAAHAHHAAAAAAAAAAAAAAA!!!!!

Now if it'll drop to $4, I can rebuy it with the profits I made on it! HAHAHA!!!

I'll be playing with the houses money!!! I love it!!!

DROP SIRI....DROP LIKE THE DOG YOU ARE!!!!