SIRI - Sector: Services---Industry: Broadcasting & Cable TV

[setravis]

Hopefully it all just profit takers.
IMHO, That is what I think the case might be.
Below is the definition of the candlestick (Spinning Tops)

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Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the mean time. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend

[AustinPowers]

Would anyone mind providing some TA comments for SIRI?  It looks like it is could possibly be setting up for a break out above $7. (This time sustained since it did breach $7  recently and then  consolidated) Oppenheimer initiated coverage today at a buy.  I think this is very bullish considering earnings are due to be released on Aug 2.  TIA

Here is what Oppenheimer holds of SIRI stock:
OPPENHEIMERFUNDS, INC. -  8,161,709
OPPENHEIMER GLOBAL FUND- 54,491,700
OPPENHEIMER GLOBAL OPPORTUNITIES FUND-  20,000,000
OPPENHEIMER GLOBAL SECURITIES VARIABLE ACCOUNT-  13,387,014

They are one of the largest Institutional holders of SIRI stock.  Maybe set for a nice run to earnings although I would be reluctant to hold on earnings day with this one.


http://finance.yahoo.com/q/ud?s=SIRI

http://biz.yahoo.com/prnews/050721/nyth044.html?.v=17

[setravis]

Active early
May be in for a nice day

[setravis]

End of day chart

[AustinPowers]

Good volume this morning.  This has been consolidating below $7 for the past month after spiking up to $7.5 on a good run.  IMO this is the time of year to consider this stock.  The factors are:

history: this stock typically performs very well between now and January.

specualtion: Howard Stern starting early, Oprah and Apple rumors.  Any one of these will create a nice price spike

expectations: there should be a huge increase in subscribers due to Howard Sterns official arrival in Jan 2006.

Sirius recently announced their next gen. products available in stores this fall.  Good Luck

[setravis]

We be looking nice.....


Technicals
Most Actives

Last Price Quote is:
3.24%above 13-day EMA
8.05%above 50-day EMA
RS Rating: 85 

Fundamentals
Key Data:
Market Cap (M): $9,813.54 
P/E Ratio: NA 
PEG Ratio: -0.38 
Next Earnings: 10/26/2005
Last Analyst Rating: Buy

[shareholder]

Was a nice bounce right form support so I have stop at 6.92 in case it dips again but looks good to go for longer term

[AustinPowers]

Todays gains have been negated after hours on heavy volume.  Trading at $7.15.  I wonder what is going on?  Haven't seen that kind of AH volume in a while.

[AustinPowers]

Setravis-

What is is your take on the sale of 40 mill shares of SIRI after hours yesterday by Apollo Mgt at $7.12?  They are the largest share holder in SIRI and still hold a large position.  Do you think there is some kind of deal going on here?  Is this positive?  Thx

[setravis]

I only have one thing to say.....I hear things like that it makes me nervous.
It has been a nice run....Sold SIRI....Take my profits.
Maybe we can do it again sometime.....

Also sold BCON and CPST

[AustinPowers]

SIRI has been on fire this week!  Good earnings and the best selling season of the year is right now for them.  They are expeting a blowout 4th qtr in terms of sales as per the CEO on the conference call yesterday.  As many of you know, this is a stock that can move dramtically with hype.  Volume has picked up and is already at 26 Mil shares.

In the words of the execs on the call there will be an "unprecedented" media blitz advertising Sirius and Howard Stern starting from now and going into the 1st qtr of next year.


I'm interested in some feedback with the TA persceptive.  There have been a few gap ups this past week which make me uncortable because this stock always seems to fill them.    Thx gang

[REALDEALS21]

SIRI will pop to $7 soon ! 

[setravis]

The chart....
Yes it has moved this week.

[AustinPowers]

Can you look at the 4 year chart and tell me if you see a big reverse head and shoulder?  Thx

[setravis]

Can you look at the 4 year chart and tell me if you see a big reverse head and shoulder? Thx

I don't have a 4 year chart to post.
But you may be no to something.
Looking at it, it looks to be one hell of a Cup with Handle(continuation) pattern to me.
I bought back in.... @ $6.75 , wish I had pulled the trigger when it made the dip to 5.80 to 6.00 area.
If you are still in good luck with you trade.....Let's rock and roll