Slimsum

FCC Decision on Sirius/XM Merger May Be as Late as May - Stifel

NotVerySmart--I agree with you. Would not mind seeing panic selling down to 2.30 where I would buy buy buy buy buy.


On Apr 22 04:15 AM NotVerySmart wrote:

> Thanks Roxie. Here's something special just for u. I see some sort
> term resistance @ 2.40, if we can hold this for another week, the
> earnings alone (should be later this month) will cause shorts to
> cover. Watch the 2.80 resistance level (upside) next stop is about
> 3.05. Check out the options chain to see conversion to calls from
> puts running 10-1 on the call side @ 3.00 and 5-1 in favor of calls
> at 4.00. In english this means tha the options favor the upside between
> $3 -$4. If wae break $3.08 you better hang on 'cause we're going
> to 3.80. Yes...yes... I know it's a falling knife but I think the
> shorts have had thier day and are looking to convert and ride the
> long side. Take advantage of the weak ones and buy up thier shares
> as they dump them. My (personal) low target is 2.19 and I'm willing
> to ride it out for the profits (looking for $3.80 long). With over
> 10% of the float out in shorts last month, I think this has a short
> term oversold condition. Options agree with me. Best of luck to you!
> Disclosure - Long 58K shares and in aquisition mode. Take care!