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Originally Posted by Hey You . . . I Know You!
How's that Sirius stock working out for you?
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hahaha.... I love it! Did you post this on a Sunday specifically so I would not be likely to see it? It only took you 2 months to reply.
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Originally Posted by Hey You . . . I Know You!
It has been ~two/three months and you've lost more than 30% of your investment. I would love to hear more about your charting and technical analysis and how it is vital to losing one third of your investment.
Not to rub it in, but I doubled my money in Sirius, got out at $8.10, and found a legit stock to try to double again. Over the last two months I've only had a gain of 60% and I know it is going to continue to go up. Sometimes I wonder if I should have held onto that siri dog so that I wouldn't continue to get so excited about all of my investment profits.
How great is it to have FACTS prove who is right and who is wrong in this type of debate?
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Yeah... must be great to have the 'facts'. Is it a fact that I have held SIRI since my initial post? Apparently you like to invent 'facts'.... maybe your 60% return is another 'fact'?
http://stockcharts.com/def/servlet/SC.web?c=siri,uu[e,a]waclyyay[d20030312,20061231][pb34!b8!c10!b200!b50!d20,2][vc60][iub14!la12,26,9!lh14,3!lc20!lg][J37280665,Y]&pref=G
I sold SIRI when it crossed below the diagonal line in this chart as that indicated some intermediate weakness..... and I made money on the transaction, thanks.
I actually came to this thread to post that its a good time to buy back into SIRI. If you look at the chart above, you can see that SIRI has a support/resistance line in the 4.20 area (which it has bounced off of 6 times in the past per the chart). This is a good indication the stock will find support in this area again. You can set a stop loss below the line (I would suggest 3.95 or so in this case) to give it some room to move. Normally, I would suggest a stop just under that line... but 4.00 is a round number and there is a chance it will want to go down and hit that. If you are risk averse though, you could set your stop at 4.10
The other reason I like it is because of the huge volume on its last big up move... now it has bounced around between 4 and 8 on pretty light volume.
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Originally Posted by Hey You . . . I Know You!
I say we make a bet. Do you believe pps of Sirius will be higher six months from now? You must love losing money.
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Sounds good. Let's paper trade this stock for the next month (or 6 months, if you like) Each of us can either be long or short or on the sidelines at any particular time. We will each start with $10,000 paper money and see who ends up with more money at the end of the month. All trades must be announced immediately, so the purchase or sale price can be verified i.e. you can't come in here hours or days after the fact claiming you made a trade at a particular price.
Winner gets $10,000 real dollars from the loser.
Oh, and feel free to post your 60% winner stock transactions going forward, would love to see them.