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

[Lucas Scott]

I made a well-timed add at 4.48 the other day since it seemed to find support above last April's low (4.36). Still deep underwater on my initial position. Thinking we might get a rally up near $6 in the next month or two, which would be a 38.2% Fib retrace and also where it hits its head against the Oct 05 swing lows. Chart: http://tinyurl.com/jao2y

[calven]

I think SIRI is bottoming.... I will wait for a retracement back below 5.00 and take a "half position"

SIRI fufills the ESM....

cal 

[Lucas Scott]

I took some off the table @ 5.14. Seems like it wants to fill that gap a bit. I'll look to add back that position at a lower price.

[Terliso]

Almost time to go long on SIRI... it will go down & close that GAP i will cover my short around there & ready to go LONG

[calven]

Although SIRI is signaling a bottom quickly approaching I am not quite convinced yet. Here is why....

[Terliso]

Although SIRI is signaling a bottom quickly approaching I am not quite convinced yet. Here is why....

Calven,
& another thing to consider before taking our LONG position (I pulled out the weekly chart for better view)

[Lucas Scott]

Thanks for that perspective Calven. I didn't see that it was up against that channel line. Coupled with the gap and shooting star candlestick I think it's a safe bet SIRI will backfill. I sold 2 of my 3 positions today. Will see how things unfold early tomorrow and probably cut the third position, with the idea of reentering if a a double bottom or higher low is confirmed.

[Terliso]

Nothing new on SIRI prices still below 8 SMA...

[Terliso]

Looks like bears are starting to dissipate ... but the price still below 8 EMA

[calven]

I hate to get sucked into a bear trap but SIRI broke the downtrend and horizontal resistance today. This is a positive sign since I am a trendline trader...volume was also outstanding. We might be looking at a good entry near the middle of todays candle! 

[Terliso]

Looks like bears are starting to dissipate ... but the price still below 8 EMA

Are u IN now Calven?

looking good... SIRI break the 13 day EMA & now the 50 SMA

[calven]

Looks like bears are starting to dissipate ... but the price still below 8 EMA

Are u IN now Calven?

looking good... SIRI break the 13 day EMA & now the 50 SMA

No I missed the mini asc tri breakout... looking to get in! MACD double bottom and higher high... also first big sustained up volume in a while. Howard must finally be done. Shorts are going to cover...

5.10-5.20 sounds right for an entry...

cal 

[Lucas Scott]

I'm in boys. $5.25 locked and loaded. Ready to rock!

[Terliso]

Looks like bears are starting to dissipate ... but the price still below 8 EMA

Are u IN now Calven?

looking good... SIRI break the 13 day EMA & now the 50 SMA

Bears just dissipating but i'm not LONG with this one yet, I believe SIRI will re-test the low, this usually happens when a stock is in Downtrend... SIRI did not even break the WEEKLY EMA13.
Goodluck if you are IN!!!

[calven]

I dont think SIRI is quite bottomed yet either. However, I do think taking an entry at current levels is a high probability trade meaning...the bottom is likely within 10% of current levels. IMO of course.

cal