I added some more to my position at $1.74. I got scared at the sudden dip to $1.71. Did anyone notice the 20MM shares purchased at $1.75? That was some crazy action.
It's not really that hard to "impersonate" anyone's writing when a keyboard is used. Forgeries are a little more challenging ;-)
"But, if it was me, and someone was purporting to be me or my pseudonym, I would be demanding SA take down the comments. I would do this to protect my reputation."
We're assuming that Brandon still reads these boards and care enough to comment or defend his "pseudonym".
It seems he's more popular now then when he was here. Did Brandon just become legendary? He's got Elvis status now. Lol!
"Judging by some of the recent attacks BM has been making on other authors' articles and the authors, it looks like he's more interested in burning bridges."
Actually, we have no idea who that person is nor anyone proclaiming to be Brandon. What if he claimed to have been (fill in the blank)? How can it be proven? One can never know who is who with these comments. Unless Brandon, has said on Satwaves that he is (fill in the blank) posting again on SA.
Thanks for the link. That too was a great read. This becomes a delicate balancing act going forward. That is why I've always maintained to "stay in the middle".
Injury can be avoided if one seeks to not tip the scales... a.k.a (risk)
I've just posted the following link on my StockTalk. It is one technician's opinion on the direction of the market. He is saying something similar to what we've been saying since the beginning of the year.
"The downward test happened too soon and the quick rebound has only delayed the 10 day stretch we were looking for after CC."
I couldn't agree more. That fact has been my only hesitation in thinking that the share price is completely free to move upward. There was a point when I suggested that $1.90 would be a great short opportunity. The same reason that cause me to formulate that opinion, is the same reason that brings me some hesitation now.
As you pointed out, the $1.88 top is important for many reason. It is the rounded-up number to the $1.875 convert price. I suspect that the converts unloaded shares at that point to bring the share price down. Remember, they are holding short positions. Look at the volume on 2/14 when the stock hit $1.88.
I don't know what makes me think it will be different this time. Call it optimism. But the resiliency shown in the stock this week in the face of selling pressure was impressive. That may change this week, but who knows. I think it will pass $1.88 before the next sell-off.
4 Stocks I Wouldn't Mind Picking Up Near 52-Week Highs [View article]
Jefferson Starship -
You have brought up some great points. However, in my opinion, the overall objective in determining whether an equity warrants purchase at its 52 week high is "value"; a term that means a lot of things to different investors. What type of value are you expecting to get by buying at the highest point?
That is where fundamental analysis plays a key role and understanding what drives growth in the business. What do the balance sheets look like? How has the company guided during the time period from your point of entry?
Seasoned traders conduct extensive research to determine whether a stock is a buy, sell or a hold at its 52 week high. But ultimately, the two things that determine what one does at the 52 week is fear and greed. They work very well together to help you formulate a decision. If a stock is at a 52-week high, is it then too expensive? Perhaps you should consider selling on the fear that the price will collapse. If you're an optimist, you will think maybe the stock is just now "getting its legs".
Either way you chose to approach it, your trading strategy and investment objectives are what determine what you do. This is what determines the degree level of the decision.
You will be pleased to know that I have gone through great lengths this afternoon with SA editors to show the appreciative that many here have had for Brandon and his work. I hope to have some information to share very soon.
"But how much does Liberty affect the current upside action and Siri also has shown in the past to weather a storm better than most"
This is a tough question to answer. I can only say that it is on the minds of those involved in this stock. But suggesting that the upward movement wouldn't have occurred on SIRI's own merit would not be fair either. The recent drop on the SP on 2/23 to an intra-day low of $1.63 was pretty "telling" in my opinion for a few reasons.
1st - The share price opened the previous day (2/22) at $1.78. It reached $1.79 and then their was a sell-off. The low of the day was $1.71 and It closed for the day at $1.72 on almost 68MM volume. (higher than the 3 month average)
On the 2/23 SIRI actually opened higher and hit an intra-day high of $1.74. There was slightly pressure on it but then it seemed out of nowhere "all hell broke loose". This was only five days from the conference call. The chart was looking for a retest of the 50 day moving average, what unfolded when it plummeted to $1.63 was totally unexpected; well at least not that early. I was still anticipating it for another 12+ trading sessions.
But what I found interesting was how it rebounded. Almost 80MM shares exchanged hands. In the midst of all the panic, It closed at $1.68; only 4 cents less than the previous day. Keep that in perspective. In essence, if you held throughout and added to your position, it was a win. (IMO)
Now this brings us to today, or we can look as recently as Tuesday 3/1. SIRI reached $1.83 intra-day. (On its "normal" volume). So in only 4 trading sessions, there was a swing of 20 cents. With the high difference being only 5 cents from the 52 week high. I think that was pretty significant.
I have not totally put my hands around what the two high volume days was about. But I have my suspicions and I'm looking into it. Just look at how the volume has settled since those two days. The 14th, 15th and 16th also standout, but reasonable assumptions can be made for those three days.
You say...
"Most of us believe nothing will come out Liberty at this time, SP should lose ground"
This may very well be true. Let's not under-estimate the pros. There is still this issue with converts that remain unsettled. I am not at all suggesting that they will convert. I believe they will ride this out until the date of maturity. But I am looking a little bit more into what options they have that may affect the share price. I suspect the two high volume days when the stock dropped might have something to do with that.
You make some very good points as always Tenone. I can't say that I disagree with your outlook. But right now, investor sentiment in my opinion is trumps domestic and foreign events that ordinarily would be reflected in the market. The un-employment rate decline is also a good indicator, though one can say that the rising gas prices neutralizes that.
You say...
"Listen to what you have been saying, if this would have come from anyone else before. you would have look deeper and presented your beliefs on why they was wrong."
And also...
"You have a good strategy, don't talk yourself out of it."
I appreciate you saying that. But part of my strategy and always been reflecting and study. As information changes, so often does my strategy. I have said that many times. Considering what I've pictured above with the price action in the past couple of weeks, to quote RAF, SIRI is "portraying dominant strength"; regardless of events that may occur that are not fundamentally related to the company. My strategy is to be on the right side of the trade.
Because of thing I've mentioned, I have revised my outlook and feel SIRI might see a new 52 week high ($1.90 - $1.95) before it re-tests the 50 DMA. ($1.65) But that's just an opinion and I've been wrong before.
"I still say we're going to see $1.67 again before we see $1.88 again."
I just want to be ready for any scenario. As we've seen recently any and all things that make sense to us (whether with Liberty or foreign issues) have had "limited" reaction to SIRI and the broader market as a whole. After it reached the 50 day moving average, my confidence in it reaching below $1.70 has not been as high.
SIRI proved a lot to me this week. This could (for the most part) be due to the confidence shown in the market in general. But with the confidence that Warren Buffett exclaimed recently in an interview, any pullback may not come with the drama that with expected, and when/if it come, it will be "short lived".
For the sake of everyone, let's hope he's right...
Sirius XM's Internet Advantage [View article]
I added some more to my position at $1.74. I got scared at the sudden dip to $1.71. Did anyone notice the 20MM shares purchased at $1.75? That was some crazy action.
Tenone, did you get back in?
Sirius XM's Internet Advantage [View article]
"Comeback Elvis in Vegas?"
I think that would be my choice, being the big fan of Vegas that I am. I have seen "many a dead Elvises" over the years.
Somehow he's never with the young Priscilla. I find that odd. Do you not think she should travel with him as a sidekick? She could earn a subsidy...
Sirius XM's Internet Advantage [View article]
"I don't know, but it sure sounds like him."
It's not really that hard to "impersonate" anyone's writing when a keyboard is used. Forgeries are a little more challenging ;-)
"But, if it was me, and someone was purporting to be me or my pseudonym, I would be demanding SA take down the comments. I would do this to protect my reputation."
We're assuming that Brandon still reads these boards and care enough to comment or defend his "pseudonym".
It seems he's more popular now then when he was here. Did Brandon just become legendary? He's got Elvis status now. Lol!
Must be nice...
Sirius XM's Internet Advantage [View article]
"Judging by some of the recent attacks BM has been making on other authors' articles and the authors, it looks like he's more interested in burning bridges."
Actually, we have no idea who that person is nor anyone proclaiming to be Brandon. What if he claimed to have been (fill in the blank)? How can it be proven? One can never know who is who with these comments. Unless Brandon, has said on Satwaves that he is (fill in the blank) posting again on SA.
I'm not aware that he has.
Sirius XM's Internet Advantage [View article]
"Can this be good for the markets?"
The DOW and S&P are up modestly while the NAS is on down 2 points. It's still early, but so far the market is saying "so what".
It's been a while since I've seen such bullishness; not since the .com days.
Sorry...poor example...
Sirius XM's Internet Advantage [View article]
I read somewhere that 60% of market corrections since the crash of '87 started on Mondays.
"Thanks for the optimism - we need that on Monday mornings...."
Agreed!
Sirius XM's Internet Advantage [View article]
Thanks for the link. That too was a great read. This becomes a delicate balancing act going forward. That is why I've always maintained to "stay in the middle".
Injury can be avoided if one seeks to not tip the scales...
a.k.a (risk)
Sirius XM's Internet Advantage [View article]
"I am equally impressed that we're still discussing sideways charts in the current upheaval and uncertainty abroad."
That is a small victory in and of itself. Good luck this morning!
Sirius XM's Internet Advantage [View article]
Here's another example of how to possibly prepare. This article titled:
How To Play The "Large S&P Correction Coming
This one may be the most convincing thus far.
www.zerohedge.com/arti...
It is pretty thorough and compelling. My only hesitation with it is that is comes from someone associated with Goldman Sachs. Lol!
Thoughts?
Sirius XM's Internet Advantage [View article]
I've just posted the following link on my StockTalk. It is one technician's opinion on the direction of the market. He is saying something similar to what we've been saying since the beginning of the year.
But to what degree? That remains the question.
chart.ly/n5df87d
Sirius XM's Internet Advantage [View article]
You bring up some good points.
You say...
"The downward test happened too soon and the quick rebound has only delayed the 10 day stretch we were looking for after CC."
I couldn't agree more. That fact has been my only hesitation in thinking that the share price is completely free to move upward. There was a point when I suggested that $1.90 would be a great short opportunity. The same reason that cause me to formulate that opinion, is the same reason that brings me some hesitation now.
As you pointed out, the $1.88 top is important for many reason. It is the rounded-up number to the $1.875 convert price. I suspect that the converts unloaded shares at that point to bring the share price down. Remember, they are holding short positions. Look at the volume on 2/14 when the stock hit $1.88.
I don't know what makes me think it will be different this time. Call it optimism. But the resiliency shown in the stock this week in the face of selling pressure was impressive. That may change this week, but who knows. I think it will pass $1.88 before the next sell-off.
4 Stocks I Wouldn't Mind Picking Up Near 52-Week Highs [View article]
You have brought up some great points. However, in my opinion, the overall objective in determining whether an equity warrants purchase at its 52 week high is "value"; a term that means a lot of things to different investors. What type of value are you expecting to get by buying at the highest point?
That is where fundamental analysis plays a key role and understanding what drives growth in the business. What do the balance sheets look like? How has the company guided during the time period from your point of entry?
Seasoned traders conduct extensive research to determine whether a stock is a buy, sell or a hold at its 52 week high. But ultimately, the two things that determine what one does at the 52 week is fear and greed. They work very well together to help you formulate a decision. If a stock is at a 52-week high, is it then too expensive? Perhaps you should consider selling on the fear that the price will collapse. If you're an optimist, you will think maybe the stock is just now "getting its legs".
Either way you chose to approach it, your trading strategy and investment objectives are what determine what you do. This is what determines the degree level of the decision.
Sirius XM's Internet Advantage [View article]
You will be pleased to know that I have gone through great lengths this afternoon with SA editors to show the appreciative that many here have had for Brandon and his work. I hope to have some information to share very soon.
Sirius XM's Internet Advantage [View article]
Good stuff!
"But how much does Liberty affect the current upside action and Siri also has shown in the past to weather a storm better than most"
This is a tough question to answer. I can only say that it is on the minds of those involved in this stock. But suggesting that the upward movement wouldn't have occurred on SIRI's own merit would not be fair either. The recent drop on the SP on 2/23 to an intra-day low of $1.63 was pretty "telling" in my opinion for a few reasons.
1st - The share price opened the previous day (2/22) at $1.78. It reached $1.79 and then their was a sell-off. The low of the day was $1.71 and It closed for the day at $1.72 on almost 68MM volume. (higher than the 3 month average)
On the 2/23 SIRI actually opened higher and hit an intra-day high of $1.74. There was slightly pressure on it but then it seemed out of nowhere "all hell broke loose". This was only five days from the conference call. The chart was looking for a retest of the 50 day moving average, what unfolded when it plummeted to $1.63 was totally unexpected; well at least not that early. I was still anticipating it for another 12+ trading sessions.
But what I found interesting was how it rebounded. Almost 80MM shares exchanged hands. In the midst of all the panic, It closed at $1.68; only 4 cents less than the previous day. Keep that in perspective. In essence, if you held throughout and added to your position, it was a win. (IMO)
Now this brings us to today, or we can look as recently as Tuesday 3/1. SIRI reached $1.83 intra-day. (On its "normal" volume). So in only 4 trading sessions, there was a swing of 20 cents. With the high difference being only 5 cents from the 52 week high. I think that was pretty significant.
I have not totally put my hands around what the two high volume days was about. But I have my suspicions and I'm looking into it. Just look at how the volume has settled since those two days. The 14th, 15th and 16th also standout, but reasonable assumptions can be made for those three days.
You say...
"Most of us believe nothing will come out Liberty at this time, SP should lose ground"
This may very well be true. Let's not under-estimate the pros. There is still this issue with converts that remain unsettled. I am not at all suggesting that they will convert. I believe they will ride this out until the date of maturity. But I am looking a little bit more into what options they have that may affect the share price. I suspect the two high volume days when the stock dropped might have something to do with that.
You make some very good points as always Tenone. I can't say that I disagree with your outlook. But right now, investor sentiment in my opinion is trumps domestic and foreign events that ordinarily would be reflected in the market. The un-employment rate decline is also a good indicator, though one can say that the rising gas prices neutralizes that.
You say...
"Listen to what you have been saying, if this would have come from anyone else before. you would have look deeper and presented your beliefs on why they was wrong."
And also...
"You have a good strategy, don't talk yourself out of it."
I appreciate you saying that. But part of my strategy and always been reflecting and study. As information changes, so often does my strategy. I have said that many times. Considering what I've pictured above with the price action in the past couple of weeks, to quote RAF, SIRI is "portraying dominant strength"; regardless of events that may occur that are not fundamentally related to the company. My strategy is to be on the right side of the trade.
Because of thing I've mentioned, I have revised my outlook and feel SIRI might see a new 52 week high ($1.90 - $1.95) before it re-tests the 50 DMA. ($1.65) But that's just an opinion and I've been wrong before.
Sirius XM's Internet Advantage [View article]
"I still say we're going to see $1.67 again before we see $1.88 again."
I just want to be ready for any scenario. As we've seen recently any and all things that make sense to us (whether with Liberty or foreign issues) have had "limited" reaction to SIRI and the broader market as a whole. After it reached the 50 day moving average, my confidence in it reaching below $1.70 has not been as high.
SIRI proved a lot to me this week. This could (for the most part) be due to the confidence shown in the market in general. But with the confidence that Warren Buffett exclaimed recently in an interview, any pullback may not come with the drama that with expected, and when/if it come, it will be "short lived".
For the sake of everyone, let's hope he's right...