Originally posted by lak
Decisions, decisions (SIRI)
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Buy Low
Sell High
STAY FROSTY!
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Originally posted by scifosNever thought about that. Seems possible that market makers or specialists could do that though I don't know if it's legal or not. If a specialist uses their influence to lower a price simply to stop people out, buy the shares, and let it move back to the previous price, that would probably be market manipulation.
I just have heard stories of it happening......... and not just from the market price dipping quickly to something and jumping back up........ so I have been curious if this is possible or not!Gotta love the big board!
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I would love to have an emotional outburst over the closing price, but I will contain my human emotions...
It's looking like my mental sell stop will now have to be raised to $7.50.
As far as watching stocks after you sell them, I keep watching them and try to learn from them. I also keep a written record of all my trades whether I win or lose. I re-check all of my old trades to see what has happened to the price. I don't let it discourage me if I find that I would have made more. I think of it more as a learning experience. I have found that I tend to be impatient and have sold many stcoks before they reached their full potential. On the other hand, I have sold other stocks too late.
By keeping written records I can go back and see where I went wrong and where I went right. I am still learning a lot, but my trading has improved dramatically.
Webs...
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This SIRI has baffled me for a few weeks. I’m amazed with the strength this thing has. My business partner is blowing my doors off. His first investment he made with his on-line broker was SIRI in the 3’s. Needless to say he is fired up big time. Good job for those of you that jumped on this train. Where does this thing go from here?
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This reminds me of all of the people who bought $1,000 of Microsoft at its IPO in the 1980's and who all said that if they had held it, they'd all be millionaires.
The truth of the matter is that there is really only one person who holds a stock to its highest point and then sells it. Everyone else sells it on the way up. If you look back and see how high the stock went up, it if foolish to think that you wouldn't have sold it after a 100% gain, or 200% gain or 500% gain, etc.
As the altitude gets higher, people bail out of their positions. It's just market psychology.=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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Originally posted by mrmarketThis reminds me of all of the people who bought $1,000 of Microsoft at its IPO in the 1980's and who all said that if they had held it, they'd all be millionaires.
The truth of the matter is that there is really only one person who holds a stock to its highest point and then sells it. Everyone else sells it on the way up. If you look back and see how high the stock went up, it if foolish to think that you wouldn't have sold it after a 100% gain, or 200% gain or 500% gain, etc.
As the altitude gets higher, people bail out of their positions. It's just market psychology.
So, the question is...Which stock is the next Microsoft?
We need a good psychic.
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Market Potential??
SIRI now is over 10B market cap! I am still long on this stock. I am trying to figure out a realistic potential for satellite radio. What is the market penetration of cable TV?? near 100%??? There are over 200 million cars on the road in the USA. SIRI has 800,000+ now and their breakeven is supposed to be somewhere past 3,000,000 subscribers. This scares me on one hand but if this thing takes off, look out.
Question is what is the profit potential? Lets say SIRI gets 20,000,000 subscribers @ 143.00 yr.
That would be 2,860,000,000 in sales. What would be the net on that?
Any ideas?
Oh yeah, there is a company called XMSR still out there.
Jaws57Jaws57
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Stopped Out
Webs,
I don't see what you are so excited about with this SIRI stock. I got stopped out of it 3 times today alone. Of course, I sold it short each time . . . . lol.
Congrats to you on this hot, hot, hot stock.
Sometime it has to run out of buyers. This is the new TASR. No wonder Wal-Mart can't sell anything this Christmas season: people are buying shares of SIRI instead.
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Originally posted by New-born babyWebs,
I don't see what you are so excited about with this SIRI stock. I got stopped out of it 3 times today alone. Of course, I sold it short each time . . . . lol.
Congrats to you on this hot, hot, hot stock.
Sometime it has to run out of buyers. This is the new TASR. No wonder Wal-Mart can't sell anything this Christmas season: people are buying shares of SIRI instead.
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