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Sirius XM Holdings Inc. Message Board

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  • buysiri buysiri Oct 22, 2003 9:22 PM Flag

    My stop loss is in place 2.02 !!!!!!!!!

    Better not you will lose it for sure

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    • My BUY order is in at 2.05. I hope you are correct!

      • 1 Reply to ventureelectronics
      • Buy at $2.05: If it goes to there it will be a wild trading day.

        Stop loss at $2.02: If trading gets to the $2.13 level: the MM will wipe that out before $2.05 and pick it back up most likely very quick.

        The best you'll do on this on is spend commission to up your average to $2.05 on what you did.

        Stop losses are for suckers if you set them on the system IMO and experience. PS: If your going to play this game then you need to get into the options not the short term swings.

    • If you can not be at the computer all day like I do a stop loss maybe the right thing to do.. I however have a mental stop loss ( no pun intended )...
      We had a short bump this am in the pre-market only to settle back where we closed the previous day... mark my word the real support is at 2.42 but the support for tommorrow will be 2.60... resistance will be at 2.78.., Remember there was a lot of selling through out the market today and I expect a small to medium rally tommorrow which could cause the resistance to disappear... friday is the key to this run up... If we hold above the 2.80 RANGE FRIDAY WE ARE HOMEWARD BOUND TO $3.00 monday... Bank on it...

 
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