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JimVanMeerten (57.33)

Sirius XM Radio sell signals



June 17, 2011 – Comments (1) | RELATED TICKERS: SIRI

This morning on Barchart there were sell signals on Sirius XM Radio(SIRI) so I deleted it from the Barchart Van Meerten Speculative portfolio.

Barchart ttechnical indicators:

1 - Trend Spotter sell signal

2 - Below its 20 and 50 day moving average

3 - 20.08% off its recent high

4 - Relative Strength Index 38.65% and falling

Jim Van Meerten is a Marketocracy Master

1 Comments – Post Your Own

#1) On June 17, 2011 at 10:09 PM, kmacattack (62.73) wrote:

I would be willing to bet (actually I'm going to, I'm writing a put Monday) that SIRI is about to head back up. I've nearly doubled my money on this stock in 18 mos, have written 4 puts and cleaned up every time on pull backs. In a survey a couple of days ago, not on SIRI's website or message board, by the way, but on a story about Pandora;s IPO which is a lead baloon, people were asked to predict the price of SIRI by year end. Over 40 percent (myself included) predicted $3.00 plus, about 38 percent said $2.50 to $3, and most of the remaining 22 percent were in the $2.00 to $2.50 range. Only about 3 percent predicted a lower than current price. They are making more money every day, paying off debt, their percentage of profit increases with every new subscriber, they are a strong buy out candidate beginning in August, and they will be allowed to up prices in January, probably by $2 per month, which will bring in about an extra $500 million per year. Also, there is the expansion (at little cost) into the hispanic market both above and below the border, Europe, Asia, more new talent all the time, and absolutely the best quality programming available. Plus, market penetration is near 10 percent, which is an indicator of future explosive growth in consumer electronics producs. And you were saying ???

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