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.

yes everyone get out.. so it can bottom out and I can buy more :) -g

I disagree - this was a good PR week for them, and there is going to be big things in the near future for them. You might see some tough times for them over the next 3 weeks - but if you're not a day trader, and in SIRI for a few months, you'll see a goo valuation on them shortly. :2 cents:

I dont own SIRI and dont care for it really. Charts are important and SIRI's chart doesnt look good. It's gonna fall and longs who hold arent gonna make their money back for a long time. Not worth it. Get out now.

The rumor's surounding SIRI stock will keep them afloat, especially if they continue the good PR and the rumors come to pass. I'm not worried about a 10% - 20% drop in their current price, I'd still be at almost break even and I know they'll rebound with stronger numbers, if they fall at all.

I don't own any SIRI neither but hope things play out well for those that does.

I dont own any SIRI and I dont plan on picking any up....I think its a HORRIBLE long-term buy....stocks like this will not do well in poor economic times like we are most likely headed towards....as I stated in a previous post about the company and the stock market in general....


Do you NEED a sattelite radio system in your car?...NO

Do you NEED gas (and thus oil) to use a car?...YES

Do you NEED a sattelite radio system in your living room?...NO

Do you NEED oil or natural gas to heat your home?...YES


In these times it will be best to hold things long term that are necessities...."fads" and things people dont really need will fade out fast and when they hit the wall they will hit the wall HARD


**WITH THAT BEING SAID**......I'm not sure if SexualRB has followed the company close enough to realize how high the likelyhood of a deal with Apple is to include Sirius with the next batch of Apple Ipods.....Because this deal looming, i feel its good VERY SHORT TERM buy/hold....

Siri is due for a dip for sure, but I doubt it see's lows of $4 again anytime soon.

Until Stern jumps its going to take some pretty solid news for this stock to break its $8 hump

Sirius is good stock!

With how anal radio is getting SIRI is a good gamble IMHO

I highly disagree....doesnt take A TON of stock market experience to see this thing will crash when it crashes...you will see it in the 4-6 range if not lower....but i wouldn't be surprised to see it have another 30-40% growth before it reaches this point...it all depends on the IPOD deal...

i bought SIRI at $2.80 .. not a shitload, but im seeing nice gain. to sell or not to sell now. hmm. xm radio is at what, 20 something ?

if the subscribers keep piling on as they have been, and stern heads over early, there should be a bump or two. at 2.80 fuck it, i'll stick it out. not sure i'd buy today though.

:upsidedow

Exactly. I'll put a stop loss on mine and sell if they hit 3.50 - otherwise, I'm riding till the stern wave.

My last post before heading to bed:

Scared money don't make money.

At 44x next year's revenues, I'd say Sirius has little upside left. I checked the short stats to see if possibly SIRI might have one last run. Only 7% of the float is short! The fundamentals show that this stock is extremely overvalued. Chart says sell. Not trying to be a dick here but Id get out.

Siri's biggest problem is the number of shares, and its insane expenses right now.

I bought at $4, got out at $9 , in at $7 and out at $8.