Seeking Alpha

Richard Saintvilus

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  • Sirius's Resiliency in Spite of Downgrade Very Telling [View article]

    In the interest of full disclosure, I have just sold out of my Sirius trading position at $2.02. I am taking my own advice and waiting for the pullback; which I suspect will be between $1.85 to $1.90. I have hedged accordingly if I am wrong.

    While I continue to feel that the numbers will be great! But I believe history does indeed repeats itself; particularly with SIRI.

    Consider that it has run from $1.62 on 4/4 to $2.03 this morning; that is 25% this month. When I first published the trading strategy we talked about 26% to 28% as being the max. Well, we are here and like I've become known to do, I won't be greedy and I'm locking in some gains. I feel very comfortable in possibly leaving some money on the table.

    But I owe you guys the honesty to share this information and to show that I believe in what I write. My disclosure will be adjusted on the next article.

    Good luck to everyone still holding!
    May 2 11:58 AM | 5 Likes Like
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