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Sirius XM Holdings Inc. Message Board

  • dukeufinstu dukeufinstu Apr 18, 2010 9:27 AM Flag

    Duke: Strategy, Opinions, Corrections & Bear Raids

    Last week I told you that the stock would fall to the 94.5-96 range on TU unless the company did a press release on the upcoming earnings. As you know nothing happened Mon or TU and we touched a low of 94.12 on TU. Then, by pure coincidence, the company did a press release on WED morning. I want to thank the company for making me look good.
    That evening I mentioned something in a post that I assumed you all knew but troubled one person. The company has a person who monitors this board on a daily basis. While your individual opinions are not important, your collective opinions on subjects such as R/S, merger, Mel and whatever are important since the company believes that they are representative of the rest of shareholders. You represent a statistical sample of what SIRI's shareholders are thinking. Enjoy your status.
    My opinion is treated a bit differently than yours. My opinion represents a view of what PART of investment community is thinking about the company at any one moment. I never pretend to represent the majority viewpoint. The Duke has a multitude of audiences, some more discreet than others. If you thought that you were sole focus of these posts, I would suggest that you rethink that position.
    The correction that we had on Friday was a very normal one on low volume. I noticed in rereading my post on the zigzag accumulation pattern that I neglected to mention that it leads to a zigzag pattern to the upside. Four legs DOWN means four legs up. We have already had two so this week we are setting up for a run to 1.24 followed by another pullback.
    The pullback on this leg is where the danger lies. Rumor has it that the 40M shares bought in the after market on WED are to be used as a bear raid later in the week or early next week in an attempt to drive the price back below a buck before the 10 day period is reached. Interesting rumor. Don't have a clue if it accurate at this point. See if you can come up with a strategy that can work for the week. Welcome to my world.

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