Decisions, decisions (SIRI)

[spikefader]

hmmmmmmmm

Remember the above inverted SIRI chart. That glaring SHS and gap were the whisper. And thus, here you have it:

[spikefader]

Anyone looking for a good technical based entry, the time is ripe for SIRI.

[skiracer]

Spike,
I've been watching this one for the last couple of weeks and bought 2000 shares this afternoon in the after hours at 6.98. Already up .02 as it closed today at 7. It held it's own today in a close range. What is your target from an entry at around 7 on a short term swing trade? I'm realistically looking for 7.75/8 range. I would be happy with a realization of that price. Did you take a position?

[spikefader]

Spike,
I've been watching this one for the last couple of weeks and bought 2000 shares this afternoon in the after hours at 6.98. Already up .02 as it closed today at 7. It held it's own today in a close range. What is your target from an entry at around 7 on a short term swing trade? I'm realistically looking for 7.75/8 range. I would be happy with a realization of that price. Did you take a position?

Hey ski. Man, I'm really bullish on SIRI, despite it being in a crappy sector and group. I'm talking long term too. I didn't buy it today; got busy with other things, but thought the chart would be helpful to others watching it.

Technically, the chart has so much potential. This is the type of chart that can really reward. It's been beaten up so bad, and now on the weekly chart there is a really good buy signal and fantastic upper channel target. Check it out below. 5 year monthly chart target of 28.00 and falling; 4 year weekly chart target of 11.40 and rising; 3 year weekly of 9.20 and rising fast. 6 month weekly target of 7.50 and rising moderately. I've also attached my usual 3 year weekly stockcharts channel target of around 10.50, and the falling channel from the recent high, currently 8.30 and falling, but good potential for that channel to turn up before price hits it, which green lights a hold for rising upper channel. This is the sort of chart that if you are rewarded with a perfect entry, fast run up then you'd be well positioned to hold it long term for that 28.00 target. If that's too far for you, then certainly until that 13.00 price resistance.

[spikefader]

Webs, isn't it amazing what time can do. A stock can be like great wine; it takes time to mature. Are you feeling as bullish about SIRI as you did when it jumped up for you? The charts look so good for it right now. I think it's definately worth buying tomorrow morning at 7.00ish, and worth chasing the channel turn up from the 7.49 high should it occur. I'm expecting the big money to flow into SIRI now, and it should pop nicely.

[B.J]

Moreover, Spike, isn't that an ascending triangle between the horizontal 7 resistance, and the 6.5 low? Coming to a point now?

[spikefader]

Moreover, Spike, isn't that an ascending triangle between the horizontal 7 resistance, and the 6.5 low? Coming to a point now?

Yes! You're a genius
And another bullish view is with EW!
Check this out. Green c minor count (plus Blue C major count) is getting bought now! I'm even more bullish than I was 10 minuts ago! lol
Train at station............All Aboard!! hehe

[spikefader]

Moreover, Spike, isn't that an ascending triangle between the horizontal 7 resistance, and the 6.5 low? Coming to a point now?

Here's what B.J refers to (good spotting ))



Ya know folks, if ever there was a chart screaming long, and screaming long-term long, it's SIRI right now. This is the type of setup I encourage looking for; multiple time frames pointing north. It's so ripe it's about to fall off the tree. You just have to reach out and catch it as it falls. Oh, and by the way, it's poking its head up through the weekly 200 EMA with rising green money flow

As with all things, plan for failure and keep any downside within sensible r/r limits and all is well. There are never 100% guarantees, but SIRI looks about as good as it's going to for a long term entry.

[Peter Hansen]

Siri

Here's what B.J refers to (good spotting ))



Ya know folks, if ever there was a chart screaming long, and screaming long-term long, it's SIRI right now. This is the type of setup I encourage looking for; multiple time frames pointing north. It's so ripe it's about to fall off the tree. You just have to reach out and catch it as it falls. Oh, and by the way, it's poking its head up through the weekly 200 EMA with rising green money flow

As with all things, plan for failure and keep any downside within sensible r/r limits and all is well. There are never 100% guarantees, but SIRI looks about as good as it's going to for a long term entry.

My computer program "Stock Signal Pro" said to go LONG SIRI at $6.90 and immediately set STOP LOSS at $6.60! Had a buy for $6.90 0n 7/25/05 but it never activated at the $6.90 price!

[skiracer]

Big tug of war going on yesterday and today. Bolinger bands getting real tight. Two doji's in a row yesterday and today. It looks like the stocks wants to go up and is just exhausting the remainder of the sellers at this level. They tried to force it down today but the bulls showed their strength and kept it in a tight range at 6.96 to 7.01.
I'm prejudiced right now holding a long position but feel that the strength after today is definitely in the bulls camp.

[Peter Hansen]

Ski Racer Thanx

Big tug of war going on yesterday and today. Bolinger bands getting real tight. Two doji's in a row yesterday and today. It looks like the stocks wants to go up and is just exhausting the remainder of the sellers at this level. They tried to force it down today but the bulls showed their strength and kept it in a tight range at 6.96 to 7.01.
I'm prejudiced right now holding a long position but feel that the strength after today is definitely in the bulls camp.

Ski have made and lost money on with this one, but overall ahead.....The only trouble with this stock is that it has such a large float.....it takes a Tsunami to have any affect on it. I wll watch closely tomorrow .and will probably take a small position in it.......but of course will then place a tight stop on this one.!

[spikefader]

.....it takes a Tsunami to have any affect on it...

A Tsunami is forecast to hit SIRI any day now!!!
Ascending triangle break outs can be powerful dude.
I'm expecting at least 8.20 within 3 weeks. But hey, what do I know...

[lak]

A Tsunami is forecast to hit SIRI any day now!!!
Ascending triangle break outs can be powerful dude.
I'm expecting at least 8.20 within 3 weeks. But hey, what do I know...

I will watch the weather channel all night tonight........ if I see one coming, I will be heading straight into it!

[skiracer]

A Tsunami is forecast to hit SIRI any day now!!!
Ascending triangle break outs can be powerful dude.
I'm expecting at least 8.20 within 3 weeks. But hey, what do I know...

Well you know what a good chart and setup looks like. Bring on the big wave.

[Peter Hansen]

Ski

Based on Spike's and your input and a gut feeling I bought 1000 shares of SIRI at $6.95 on 6/27/05......I am making 20 dollars already whoopie ..but hopefully the BIG DOG (SIRI) will take me to pie in the sky. Remember if you don't run with the lead dog.......the view is always the same. Not to throw caution to the wind I set my stop at $6.60.