SIRI is a very risky trade like I said in my earlier comment. But if 140 lotto ticket won't be any skin off your teeth I say risk vs. reward is worth the $140 for 1000 shares. I did say that if any whiff of good news came out it could light the price up. A little news came about echo star and the price lit up. If you do buy shares you can sell them where ever you want. I see next trgt price of around .32 cents where the 100day mv. avg. is. I own about 7,000 shares at much higher levels and have a gtc sell way up high. My theory is that these guys that borrowed shares from mngmt. Have been shorting this stock down at these incredibaly stupid levels. Bottom feeders have been buying up these shorted shares and are holding them waiting for a big pop. Mngmt. has issued about another 4bill. shares. I wonder if they are loaning more shares to these short sharks so they can keep pressure on the price. If the buying of these share being shorted are continually been bought up and taken of the market and some more good news of any kind comes out it could cause a huge rally and these short sharks could be severly screwed. These are just my oppinions and ideas. Happy hunting. By the way I just closed out 2 more trades at a proffit and the stats aren't showing it. I have sent a messg to the moderators but they never respond or correct anything anyone else have these problems? I just closed out my WMT trade with a 15% gain but my stats don't reflect this. You can check all my pciks and see how they have been closed out.
i SAID IF GOOD NEWS CAME OUT IT WOULD SEND THE STOCK ROCKETING. THERE ARE TRADERS WHO BOUGHT LOTS OF SHARE AT .06 AND .10 AND .14 SO THEY WILL PROBABLY BE TRADING HEAVY AND TAKING PROFITS. i SAY EVERYONE WHO IS HOLDING FOR A BIT OF A LONGER PLAY SHOULD PUT HIGH SELL ORDERS LIKE BETWEEN $5 AND $15 I HAVE MINE UP AT $20. SHOW PEOPLE ARE NOT WILLING TO SELL SHARES DOWN HERE AT THE BOTTOM. THIS COULD HELP TO CAUSE SHORT SQUEEZE POSSIBLY. OF COURSE IF THE STOCK HITS A LEVEL YOU WANT TO TAKE PROFITS AT THEN DO SO. IT IS ALWAYS BETTER TO MAKE MONEY THAN LOSE IT. FOR ANYONE WHO BOUGHT ON THIS LAST PULLBACK GOOD FOR YOU. WELL DONE.
I think they can work thier way out of this mess that they created. If you don't have to sell your shares down here on the bottom then don't they are only holding the shares down so the shorts can cover. they have already covered 50% of their 270 mill share short possition even if the stock goes lower these guys can't buy shares that aren't available. All they are trying to do is get you to give up your shares. if you held shares all the way down to these levels they are already worth nothing so why would you give them away? this is only my oppinion. I have my sell order in at $20 where it left a gap from years ago. You never know. Example rbs was trading at .80 and a day or so later trading in the 20's hig 3 or 4 then traded up to 16's plenty of other shares of diff companies trading sub $1 and bounce to $4 or better. this is more than possible for siri shares also especialy if there are share still being short. So don't give up
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