Re: What is going on with Sirius?!?!
On 1/31/05 SIRI closes at 6.70; this is an important price.
It represents the place where many miserable buyers from Jan, Feb, Mar, Apr, May (now all potential sellers) may be quite happy to get out.
I notice price today is 6.70 and it gets there on a substantial increase in volume.
If all the miserable people soon vacate by selling here, all that will be left are mostly "up" people, mostly recent buyers, mostly holding the stock strongly, mostly with the likely intention of selling at higher prices.
Perhaps much higher.
Buying here today with a risk-controlling stop loss set somewhat lower than yesterday's close allows me to back my opinion about this with money, while accepting relatively low risk, maybe 4% max, as I find out what is happening now.
Thank you for bringing SIRI to my attention today.
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