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

[calven]

SIRI 6.35 now....

[usedcasting]

Up a bit pre-mkt $6.44.

My long term growth pick!

uc.

[msurad]

Looking like a good place to get back in.

[calven]

The best time to buy is just after the top blue downsloping resistance line is broken...

[calven]

Somebody backdoored 40 million shares of SIRI.... I think someone is "setting a bottom"

Look at the 5 day chart with volume spike... http://finance.yahoo.com/q/bc?s=SIRI&t=5d&l=on&z=m&q=c&c=

I also think these shorts have made a nice profit and are going to cover very soon - http://finance.yahoo.com/q/ks?s=SIRI

I would have to disagree with you Melf, on this one...
I think Im going to buy in the high 5.60's if possible monday. I think this is a good trade!
Wish me luck... 

cal   

[Melf Elf]

Repost of CMO and Calven's Bullish Wolfe Wave from the Technical Analysis Board: Wolfe Wave Folder

[Melf Elf]

Repost of MACD and Calven's Bullish Wolfe Wave from The Technical Analysis Board: Wolfe Wave folder

[calven]

I am suggesting a retracement to 5.50-5.60 first,,,,,

[Melf Elf]

I am suggesting a retracement to 5.50-5.60 first,,,,,

calven,

We got your 5.60 yesterday, and the CMO is pulling back to the 9EMA.  That's looking good, so far.

I'm wondering, however, if the three closes back below the Wolfe Wave breakout diminishes (or even negates) the bullishness of that breakout. 



Maybe it will pull back toward the 3.23 low, and make a double-bottom?



Yesterday's high was 5.7701.  The top of the Wolfe Wave pattern comes in today, February 14,  at 5.7889.   If we use 5.78, a print above yesterday's high, as the buy pivot, or a print of 5.79 to make sure that we're back above the top of the Wolfe Wave, the risk on the trade with a stop out below the 5.23 low is about 10%.

The Wolfe Wave target and the 50/200 DMAs all are clustered between about 6.44-6.50.  Conservatively, an entry at 5.79 with an exit at the low end of that range, 6.44, is a reward of about 11%.

I'd have to pass on that one.  Buying it here at 5.61 would improve the risk:reward, but I hate to jump in "on the come," especially with those three closes below the Wolfe Wave breakout putting me in doubt about the bullishness of the pattern.

Maybe we'll get some more pullback for a better risk:reward.

[Melf Elf]

Yesterday, we got a higher close on a Bullish Hammer, and the CMO ticked higher off the 9EMA.  The high of the Bullsih Hammer was 4.70; the low was 4.55, so the Buy pivot if we want to take it is 4.71.

I'm going to try this one.  I'll buy SIRI on a print of 4.71.  Stop: a print of 4.54, below yesterday's candle.  Risk: a loss off 3.6%. 

[Melf Elf]

I'll buy SIRI on a print of 4.71.  Stop: a print of 4.54, below yesterday's candle.  Risk: a loss off 3.6%. 

Bought SIRI at 4.71.

SIRI currently is BID 4.67...ASK 4.68

[Terliso]

I've been watching also SIRI for some time now after losing <28% from $50,000 journey thread..
I'm just waiting the EMA(13) to cross above MA(25)
I WANT MY MONEY BACK WITH INTEREST!!

[Terliso]

I'll buy SIRI on a print of 4.71.  Stop: a print of 4.54, below yesterday's candle.  Risk: a loss off 3.6%. 

Bought SIRI at 4.71.

SIRI currently is BID 4.67...ASK 4.68

Melf Elf how did you get SIRI @ 4.71? the low so far is 5.23 .. am i right?

[Terliso]

Ok... Another view of SIRI's chart before triggering my LONG trade on SIRI..

**I think Bears are still strong on SIRI so i might trade with them fo a while**

[Terliso]

Ok... Another view of SIRI's chart before triggering my LONG trade on SIRI..

**I think Bears are still strong on SIRI so i might trade with them fo a while**

SIRI is down again.... Prepare to buy below $5.... say 4.50 to 4.80 .... goodluck