Sirius Radio (SIRI)

[Bontom]

The one I was interested in is Sirius. Are you aware of this type of radio? There is another also but I can't remember their name, XF, or FX maybe?
I do a little stock trading through Share Builders, an on-line stock trader.
If any overseas companies offer a 401K, get into it. These are mutual funds. There is some money to be made, but not as well in the last five or six years, nothing is doing as well as it did in the '90s.
If any of you are serious about the stock market, it would be good to read some of the different money mags out there. And pick StockRat's brain.

[StockRat]

I took a moment to look into this Sirius Radio, (SIRI) and it looks like it's been around probably longer than you thought. It looks like it's IPO opened in '96 at around 4 dollars and took the big ride along with the dot-coms of the late nineties to nearly 70 bucks, only to fall right back down to less than half a buck in '02 and '03. It sure would have been one hella short in 2000 around 60 a share.
My monthly chart is showing there may be some renewed interest in this thing and the product and service seem to be slowly building. People that I know that have it, love it.
My monthly shows closes above support, which looks pretty strong at 5.25.
Weekly shows a long signal, week ending 5/27 at 6. It's trading between 6.50 to 7. It's looking fairly strong with current weekly support at 6.25.
The daily closed Friday right on it's 21 moving average support of 6.82.
I will be going back to work tomorrow, so not sure if I'll get much time to play with stocks for the next month or so.
I suggest you watch for daily closes below this daily support and if you see them, stay out and wait. I think there may be a little bounce off of the weekly support between 6.25 and 6.50.
If it looses this support then it's next firm support is at 5.
The longer term shows a clear uptrend, so I don't look for it to go that far down. You sparked my interest in this one, so I'll be watching for a new entry point and if possible, I will post it when it shows itself. :cheers

[StockRat]

Ok, we got our daily close below 6.82 support on 8/2/05 which I said to watch for in my post on 7/31/05. On 8/4/05 we got a moving average crossroads. At the time of the post concerning SIRI, I was suggesting staying out and watch for a new entry long. This daily cross roads was a clear indicator to stay out of any long. 'BUT'
I said it was in 'clear uptrend' on the weekly chart and to watch for the bounce off of weekly support of 6.25 to 6.50, which is exactly what it did on 8/22/05. Bounce. That was your signal long at the round number of 6.50 a share.
It's a cheap stock with loads of volume, so it would have been easy to scrape up $6500 and pick up 1000 shares at 6.50.
At the time of this post, it's trading at 7.39 a share and has been as high as 7.50 just today which was a strong round number resistance. (Great place to pair out or just take the easy buck on all shares). Do the math on that one.
Questions?

[HeadRat]

Well, StockRat, I would say you have proven yourself then. :cheers

Should have gotten in back then, to late now.

[Bontom]

StockRat I'm glad I got into it when I did.
Bontom

[Bontom]

I invest using Share Builders on line. They are informitive but I think StockRat is a good source on info too.

[StockRat]

Hey Bontom, thanks and glad to see that you are in SIRI.
It seems to have steady interest and a recent momentum blast, (momentum blast usually means stock takes a breath before moving again). It looks strong though and has some strong supports.
Not sure what kind of time period you are looking to hold but in the long term, (to me that means holding trades for months and maybe even a years)the monthly chart is in a clear uptrend and it's MA support is healthy at 6.5 (if playing a monthly chart, you would only 'check up' on your stock at the end of each month and trying to pick up shares at or just above the MA support) If you are long you want your stock to close above it's MA support every month. As long as it does this, the MA support will be in steady rise also. Support is where the buyers are and the Resistance is where the sellers are. If support is strong, then your stock won't sell below that price. Means Hold 'em. If the market should sell shares below that support price, it's time to start thinking about bailing out.
Next, I'll talk about the more active 'weekly' trader, (Check the ole portfolio once a week when busy and several times a week when you can) which is more my style and the 'daily' trader who likes to 'check up' on his stocks the end of each and every day. Not to be confused with with 'Day Trader' who usually ends up losing his mind along with his capital.

Natch, I'll try to take a look at CPST for you.

[TheJester]

Hey, my apprentice here is looking at dumping his next check into this, what do you think? Said he would register soon and get your response.

[eckshexpsi]

Jester,
Tell Zeke that I got my ass kicked on Sirius. They have to pay Stern a shit-ton (that's a technical term meaning, "a lot") of money, now that he's with them. I bought it in November and held on until about a week ago. I got slaughtered.

The other satellite radio company is called XM (XMSR). I bought that one at 13.01 a few years back, and, even though it's on a downhill, it did make it up to about $38 last year. It closed today at $21.69.

I have been an XM customer since 2002, and now that I do have it, I can't be without it...

[drifter]

Jester, tell your apprentice to keep dumping his money into the Bird Flu Vaccine. It has really been doing good.

[TheJester]

Looks almost like a good short on this one?