I'll try to turn $5000 into $50,000

[Terliso]

My second pick to this $50,000 journey is SIRI - Sirius Satellite Radio Inc.
this is also my pick in the contest... So Let's get it on!!!
setting a limit order @ 7.90 3 ticks ahead from the close yesterday @ 7.87

(if it executed on monday)
630 shares @ 7.90 = $4,987
Cash: $93
Comm: -$30 Total


Copy & Paste:
Coverage initiated on Sirius Satellite by Citigroup to "Buy", with that high volume today looks like some big news is coming that will rocket SIRI to new highs.. & looking at the chart below i'm seeing a 3rd wave up in the sky before the end of this contest...

And one more thing, i think SIRI will be more profitable over the next year, as more subscribers will be joining ... Nobody want to missed out the famous Howard Stern's impending move to Sirius in early 2006... I myself planning to buy the unit & subscribe to Sirius at very cheap price. From my point of view, satellite Radio is advancing pretty quick & i have a feeling this is going to be huge in years to come... Compare iPod (Apple) & Sirius Satellite Radio <--with Sports brodcasting especially football, Howard Stern etc, etc. all in one unit detachable from your car to anywhere..

... And also, Sirius Satellite Radio Inc. the number 2 U.S. player, teamed up with closely held Standard Broadcasting Inc. and the publicly owned Canadian Broadcasting Corp. to launch Sirius Canada. (wow) that would be great, more subscribers meaning more revenue. GO SIRI!!

On the second chart below, there is Inverted Head & shoulders pattern which is also a bullish sign & i think the third wave is possible Just maybe, time will tell!!

[Terliso]

Great, Terlisa.
I wanted to buy more but I didn't have any more fund..
By the way, I bought SIRI with you but it's not doing well..  .
Well, I'll keep track of your update.
Thanks.

I know, they upgrade SIRI 2 days ago to "BUY" then downgrade today to "SELL" ...what the **** 
http://www.3stocksonfire.org/trading/index.php?topic=3173.msg37879#msg37879

So for SIRI, i'll hold for now

[wrangler]

Hi terlisa
I think the downgrade has something to do with them allowing Howard Stern to broadcast with a contract. There is suppose to be some kind of boycott. Don't know all the details just heard bits and pieces on CNBC. I believe it has to do with the Christian channels that was added in Dec.

[Terliso]

I've only one shot for this journey.. i didn't expect that downgrade at all
I hope it will hold on the support @ 7.00 area... or else ok.. i'll hold for now

[cc1120]

12/21/2005  22:50  PST

Hi Terlisa,

Siri is a good company, I played it more than 2 years ago at that time Siri was less than a
bulk. I don't think by holding Siri you could turn 5k to 50k short term. better drop it and
pick up something else.

GL.

cc.

[YUNUS]

Hey Terlisa

SCON is a good pick......
Try it....GOOD LUCK......4 yr mission!!!

Bye
Yunus

[shawFund]

Good luck and wish you success.

It is not easy even to make money in stock market. I will be very satisfied if I can make 30% per year.

I just set up a short term trading account and my target is 6-8% per month. But I failed the first month, only 5% gain. Let us see what I can have the second month.

As for SIRI, I think that you need to set up stop-loss order after you took a position. The maximum loss should be 7% so you can reserve your capital and stay in the game.

SCON is not a good choice. There is no market for their products.

If you want 10-bag gain, look for VHPM, NTRI, TIE, IIJI, AOB, ... type of companies with exporing earnings growth.

[Terliso]

Thanks for the post & the advice
After those Upgrade, Downgrade, Above Average, & Buy....who knows what's next, i don't care, & i really don't care at all!!

I have a trading plan for SIRI, & this is what I care
As long as i don't see any reason to sell, why sell? - (HOLD SIRI)

[Terliso]

12/21/2005  22:50  PST

Hi Terlisa,

Siri is a good company, I played it more than 2 years ago at that time Siri was less than a
bulk. I don't think by holding Siri you could turn 5k to 50k short term. better drop it and
pick up something else.

GL.

cc.

cc1120,

I'm not trying to hold SIRI to reach 50k in the short term...i'll be IN & OUT through different stocks.. I have a trading plan to follow, i'll be IN to that stocks as long as the plan still intact.

[wrangler]

Terlisa
This was reported today after hours,Ceo insider buy for SIRI
01/12/2006 01/12/2006 SIRIUS SATELLITE RADIO INC (SIRI) KARMAZIN MEL 1,000,000.00 6.21 6,208,500.00

[YUNUS]

Hey Terlisa

Hey Terlisa

SCON is a good pick......
Try it....GOOD LUCK......4 yr mission!!!

Bye
Yunus

Hey Terlisa....
here is SCON after closing on 13 Jan
It was a good pick for short time. Wasn't it?
Bye
Yunus

[rish]

Hi Terlisa, I like your strategy and your tech analysis and that you are sticking with your trading plan. Hope to see that 5 K growing by leaps and bounds.

[wrongtrader]

Hey Terelisa,

I have been following this thread since its start (and my start in the forum), I thought finally someone who isn't trying to pump some penny stocks. 

I am an infant in the world of stocks (been following it for less than 3 mos), and even I know the golden rule... "cut your losses".

When Siri didn't give what you predicted based on charts, why didn't you sell it?  I mean you are mostly buying it on Tech analysis (and not so much on fundamental), why wouldn't you sell the moment your chart didn't comply with your prediction?  What was your plan?

We all make mistakes, or even with flawless analysis, sometimes it just doesn't go our way.  I think it's best to admit that and go for the next one.  we don't have to be winners in EVERY single trade. 

It's a shame that this thread is almost dead now, I would have followed you closely ... and I also think by holding on to this, you have missed on some great opportunities the past week...

In any case, Good Luck and I hope you make your 50 K.  Ocassionally I will be visiting this site and see what's going on... I really liked you... Clean and honest stuff.

[stocky]

I am inspired by 5k to 50k journey. Always the journey to the land of adventure. Goodluck.

[Terliso]

Hey Terelisa,

I have been following this thread since its start (and my start in the forum), I thought finally someone who isn't trying to pump some penny stocks. 

I am an infant in the world of stocks (been following it for less than 3 mos), and even I know the golden rule... "cut your losses".

When Siri didn't give what you predicted based on charts, why didn't you sell it?  I mean you are mostly buying it on Tech analysis (and not so much on fundamental), why wouldn't you sell the moment your chart didn't comply with your prediction?  What was your plan?

We all make mistakes, or even with flawless analysis, sometimes it just doesn't go our way.  I think it's best to admit that and go for the next one.  we don't have to be winners in EVERY single trade. 

It's a shame that this thread is almost dead now, I would have followed you closely ... and I also think by holding on to this, you have missed on some great opportunities the past week...

In any case, Good Luck and I hope you make your 50 K.  Ocassionally I will be visiting this site and see what's going on... I really liked you... Clean and honest stuff.

You are right Wrongtrader, I've made a mistake, I did not follow my trading plan, I didn't cut my loss on this trade , this thread was almost dead & i'm already losing 25% of my capital, that was a shame

But i did not miss the good trades this past week as you said... I've gain from....
EGO 27.53%
IMMU 18.15%
AOB 24.67%
CRAY  86.15%
ACEL  23.98%
MTSN  8.40%
FRPT.OB  45%
IVAN  75.44%
EGY  4.90%
IBIS  10.00%
Short SUF 19.25%

Currently Losing/Gaining from:
HPOL (-4.60%)
TSEM  (-6.55%)
CRAY  (-1.36%)
DMX  7.78%
TGB  16%
CBJ  1.26%
ATML - 0.74%
MONEY MANAGEMENT <----- #1 a trader needs to follow to stay in the game in Stock World

But for SIRI, this is a lesson for me....
I got one more trading plan for SIRI, & this time i'll follow it, I'll be a goodboy now