GoFuckYourself.com - Adult Webmaster Forum - View Single Post

I Like Chocolate · 01-06-2005, 10:44 PM

If you own it, Id get out immediately. Chart doesnt look good.

50 dma will be intial support at 6.26. IF you look at just the chart, first support isnt even until 4. The 200dma is pretty close to 4 and I expect the stock to bottom out around there.

When things go straight up, they come straight back down because there is no selling along the way that brings in new longs. Then when the stock starts to fall it falls preciptiously because there is no support until it falls on its face.

SIRI is heavily owned by individual investors- these guys will panic sell too. Also the chart inidicators (stochastics, money flow, relative strength index, price oscillator) are screaming sell.

01-06-2005, 10:44 PM
I Like Chocolate Confirmed User Join Date: Dec 2004 Posts: 821	Sirius Stock (SIRI) If you own it, Id get out immediately. Chart doesnt look good. 50 dma will be intial support at 6.26. IF you look at just the chart, first support isnt even until 4. The 200dma is pretty close to 4 and I expect the stock to bottom out around there. When things go straight up, they come straight back down because there is no selling along the way that brings in new longs. Then when the stock starts to fall it falls preciptiously because there is no support until it falls on its face. SIRI is heavily owned by individual investors- these guys will panic sell too. Also the chart inidicators (stochastics, money flow, relative strength index, price oscillator) are screaming sell.