As Web's World Turns

[thebign1]

Great guess

Thebign1,
Is your avatar a picture of the high priest in the Indiana Jones movie?

Hello Ski, The answer to your ??? is no, but I play Switowski in the 2005
version of the "Longest Yard." The avatar picture is....
Bob "the Beast" Sapp Ht. 6'7" Wt. 345

regards, thebign1

[dmk112]

Mr. Market, sort of looks like Saddam Husein

LOL that is true!! hahhaa

[IIC]

Doug, should I also mention the Mr. Breakout site over there?

If you want to...IIC

Take a look at the endorsement I have at the bottom of my homepage

[Websman]

I bought SIRI on Tuesday at $5.18 and sold today for $5.24. It's only a .06 gain, but I had enough shares to make it worth my while.

I'm now seriously considering putting in an order for ELN.

[Websman]

I have a limit order placed for ELN.
Although it looks promising, I still consider this a very risky stock. Because of that I will keep my limit my risk and only buy 500 shares. Of course, I could still make a pretty good profit.

[Websman]

Oh well, so much for ELN. lol

I placed a limit order for for ELN at $7.65 and sold for $7.31 for a 4.5% loss.

The important thing was that I followed my plan and cut my loss short. I'll buy it back if it gives me a better entry.

I'm sitting in cash for now. I'll have to be careful next week or I may get labeled a "pattern day trader" and have my account frozen.

[Runner]

Web's what is your thoughts on SIRI?

[Runner]

where might a good entry, Stop, and target be? With 1000 shares what would you recommend, buy all up front or how would you advise me to invest these shares into SIRI? This is a general question open for all to assist me with this situation. For this example I’ve chosen SIRI as the one.

[Websman]

Web's what is your thoughts on SIRI?

Although SIRI has been up for the past two days, the volume has been low. I'm not seeing much interest in it yet. I think it stands a good chance of dropping back below $5 before it goes up much further.

For a long term hold, I don't think you can go wrong, but I want a better entry price. The crowd is already anticipating a run up starting towards the end of summer, so I want to jump in ahead of them. This means, I'll need to buy my position sometime in June.

SIRI constantly gets bashed for bleeding cash, but their service, content and area of coverage is a lot better than XM. XM has GM and Toyota while SIRI has Ford, Daimler Chrysler and BMW. XM may have a slight upper hand in auto installs, but I look for it to eventually equal out.

The growth of XM and SIRI alike is Phenomenal. Everyone wants it.

SIRI also has Mel Karmazin for a CEO. This guy is a friggin genious. He's taken an unkown company and turned them into the hottest thing going since Paris Hilton. Now that's hot...

Let's not forget about Canada. The stiff Canadian government is trying to keep SIRI out, but resistance is futile. Canadians want their Sirius. Besides, XM's satellites won't cover all of Canada. SIRI will probably also get Mexico, but that's irrelevant since most of the Mexican population is already in the U.S.

I Have Sirius in both of my vehicles and I must say that I would find it very hard to go back to regular radio. I can actually listen to music without having to sit through 30 minute of commercials. I can also listen to Bloomberg and CNBC on my way to work.

You want Martha Stewart? They have it.
You want Jimmy Buffet? They have it?
Howard Stern? If you're a sicko and you like him...they have it!
NFL? That too
Hockey? Well...they had it...and might have it again if the lockout ever ends.
Nascar? Starting in 2007.

Satellite radio is not going away. There is too much at stake for it to go belly up. It will work and it will be huge.

All we need is a good entry price.

Webs...

[Websman]

where might a good entry, Stop, and target be? With 1000 shares what would you recommend, buy all up front or how would you advise me to invest these shares into SIRI? This is a general question open for all to assist me with this situation. For this example I’ve chosen SIRI as the one.

That sounds like a question for Spike.

[spikefader]

Oh well, so much for ELN. lol

I placed a limit order for for ELN at $7.65 and sold for $7.31 for a 4.5% loss.

The important thing was that I followed my plan and cut my loss short. I'll buy it back if it gives me a better entry.

I'm sitting in cash for now. I'll have to be careful next week or I may get labeled a "pattern day trader" and have my account frozen.

Well Webs, I dunno why you didn't wait for the channel long at 7.08 today! You'd still be holding it if you took that price! What was your reason to take $7.65 anyway?
But pat on the back for trading the plan! The fact that you can execute the exit or leave the stop in place without moving it demonstrates you have what it takes (even if I don't understand the entry point or the large stops you use )

[Websman]

Well Webs, I dunno why you didn't wait for the channel long at 7.08 today! You'd still be holding it if you took that price! What was your reason to take $7.65 anyway?
But pat on the back for trading the plan! The fact that you can execute the exit or leave the stop in place without moving it demonstrates you have what it takes (even if I don't understand the entry point or the large stops you use )

I'm not home to watch the action. I have to set a limit order for where I think it may go. I don't think 5% is a large stop.
As far as understanding...I'm just an ole southern boy. All I can understand is how to pop the tab on a Miller Lite.

[B.J]

All I can understand is how to pop the tab on a Miller Lite.

Well that's your first mistake Webs. If you had a keg fridge, all you would need to do is pull a tap. Much easier than popping a can, thus freeing up your mental energy toward your trades. Hope I helped

Congrats on discipline. You'll win more than lose!

[Websman]

Well that's your first mistake Webs. If you had a keg fridge, all you would need to do is pull a tap. Much easier than popping a can, thus freeing up your mental energy toward your trades. Hope I helped

Congrats on discipline. You'll win more than lose!

Thanks for the great advice!

I have done well with my trading and it's because of the fact that I am sticking to my rule of never taking more than a 5% loss.

Yea, sure I'm not the brightest Vulcan in the galaxy, yet my account still grows. It would be nice to have an IQ of 300, like our buddy Spike. But the fact remains, if you stick to a plan and cut your losses shorts, you will likely succeed.

Now...I have to go get my keg fridge.

[IIC]

After 2 weeks I was finally able to logon to IBD Forums and read your thread...Thanks a lot for not mentioning my site...Geez!!!...I even offered to pay you a dollar...LOL