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UPDA Good resistance at .11. Hope it breaks. SIRI holding up under pressure, good base around 3.60. Lets see if it holds.
Here we go again:
Wall Street was set to open sharply lower on Thursday as a strengthening yen stirred concern that investors were being forced to unwind carry trades in a repeat of the risk aversion that sparked Tuesday's global market rout.
Ykes! Here we go again:
Wall Street was set to open sharply lower on Thursday as a strengthening yen stirred concern that investors were being forced to unwind carry trades in a repeat of the risk aversion that sparked Tuesday's global market rout.
The mighty QUIN would you say?
UPDA moving up premarket already, may gap good
UPDA moving up premarket already, may gap good
Boy, this SIRI merger deal is a yo-yo:
Boucher:Satellite Radio Merger Should Be OK'd With Conditions
Mar 1, 2007 07:33:50 (ET)
(This article was originally published Wednesday)
WASHINGTON (Dow Jones)--The tie-up between Sirius Satellite Radio Inc. (SIRI) and XM Radio Holdings Inc. (XMSR) should be given the green light as long as the companies agree to a series of voluntary conditions and to freeze prices, Rep. Rick Boucher, D-Va., said Wednesday.
Boucher, a member of both the House Judiciary Committee's Antitrust Task Force and the House Commerce Committee's telecommunications subcommittee, said that as long as the companies agreed to conditions suggested by public interest group Public Knowledge, the merger should be allowed to proceed.
The lawmaker made the comment during a hearing of the task force into the satellite radio merger.
In her testimony earlier, Gigi B. Sohn, president of Public Knowledge proposed a series of conditions on the deal.
The companies would have to allow consumers to subscribe on a channel-by-channel basis or by tiered programming; they must agree to make 5% of capacity available to noncommercial, educational purposes and should agree to freeze prices for three years after the merger is complete.
"I would think that if those conditions are reached, the merger should be allowed to proceed," said Boucher.
Sirius Chief Executive Mel Karmazin wouldn't commit himself to the conditions but had earlier pledged to cut rates after the merger was completed.
Boucher has a long-standing interest in telecommunications issues and is viewed as one of the authorities on the subject in Congress.
- By Corey Boles, Dow Jones Newswires; 202-862-6637; corey.boles@dowjones.com
(END) Dow Jones Newswires
Nice UPDA News:
UPDA News
UPDA Subsidiary Prepares to Commence Sales of Condensate from Brownsville Storage Facility
6:29a ET March 1, 2007 (Business Wire)
Now that US Petroleum Depot, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1), has filled the first of its four 12,000 barrel storage tanks at its facility located in the Port of Brownsville, Texas it is preparing to initiate sale of the light crude oil it has been stockpiling for the past 2 weeks.
As the final regulatory approvals are obtained, USPD has continued improvements at the facility with the recent installation of new pumps on the 6 and 8 inch pipelines utilized to load the 20,000 barrel barges that will deliver the crude to USPD's customers.
"The facility is ready to go and we expect to receive final regulatory approval so that we can begin sales next week," reports USPD's Agustin Soto. We have trained all of the personnel on the proper procedures for barge loading and with recent increases in the price of crude, our margins continue to expand. Once we make our first delivery, we expect to really pick up the pace."
UPDA News
UPDA Subsidiary Prepares to Commence Sales of Condensate from Brownsville Storage Facility
6:29a ET March 1, 2007 (Business Wire)
Now that US Petroleum Depot, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1), has filled the first of its four 12,000 barrel storage tanks at its facility located in the Port of Brownsville, Texas it is preparing to initiate sale of the light crude oil it has been stockpiling for the past 2 weeks.
As the final regulatory approvals are obtained, USPD has continued improvements at the facility with the recent installation of new pumps on the 6 and 8 inch pipelines utilized to load the 20,000 barrel barges that will deliver the crude to USPD's customers.
"The facility is ready to go and we expect to receive final regulatory approval so that we can begin sales next week," reports USPD's Agustin Soto. We have trained all of the personnel on the proper procedures for barge loading and with recent increases in the price of crude, our margins continue to expand. Once we make our first delivery, we expect to really pick up the pace."
Thinking about dumping SIRI, am about even in these ranges, but was wondering if you saw a triple bottom forming. Did some research and found this, but wanted your opinion. If it is, thought about holding a bit longer:
Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the triple bottom, a downtrend or long trading range should be in place. Sometimes there will be a definitive downtrend to reverse. Other times the downtrend will fade away after many months of sideways trading.
Three Lows: All three lows should be reasonable equal, well spaced and mark significant turning points. The lows do not have to be exactly equal, but should be reasonably equivalent.
Volume: As the triple bottom develops, overall volume levels usually decline. Volume sometimes increases near the lows. After the third low, an expansion of volume on the advance and at the resistance breakout greatly reinforces the soundness of the pattern.
Resistance Break: As with many other reversal patterns, the triple bottom is not complete until a resistance breakout. The highest point of the formation, which would be the highest of the intermittent highs, marks resistance.
Resistance Turns Support: Broken resistance becomes potential support, and there is sometimes a test of this newfound support level with the first correction. Because the triple bottom is a long-term pattern, the test of newfound support may occur many months later.
Price Target: The distance from the resistance breakout to lows can be measured and added to the resistance break for a price target. The longer the pattern develops, the more significant is the ultimate breakout. Triple bottoms that are 6 or more months in duration represent major bottoms and a price target is less likely to be effective.
XTMS After hours news with update on dividend. Should have dividend my June 1st.
Not liking the chart on XTMS, but I like UPDAs chart, vol increasing, things turning up a bit.
SIRI, not as bad as I thought it would turn out to be today, 3.70 now.
Market down 120 pts
XTMS ouch
SIRI down, man that sucks. Wasn't able to get when I should have (on vacation). Looks like I wait a bit.
SIRI moving up off 22MA, hopefully continues. A bit disappointed with it
SA, been reading about ACMG again, possible play if it holds around this .08 and if more buyout news comes out again could move. If it drops, looks like it could go close to .06 again, so I am on the sidelines now to see about news. Thoughts?
BB, any thoughts on OPBL?
SIRI trying to break 200MA
ETIM profits out +$800, now watching siri, thought it would move a bit more. Long day, heading to Vegas this afternoon for more gambling after the market close. Taking those ETIM profits!
In a good position, just nervous about not taking some off. Looking for a good out.
thanks
After gap up, do you see next resistance around .003? People have been posting that, just curious. all other MAs and such are much higher
SIRI already trading on Etrade, not sure how, but buys going through at 3.97...3,98 now
For example, isn't this your chart of SIRI that is posted here without proper recognition?
http://www.investorshub.com/boards/read_msg.asp?message_id=17196289
Have a good day tomorrow.
Not sure how a moderator can do this, but I love your board and BB's but how can you prevent all of the BS posts of people trying to improve their own position, regardless. I like the TA, the legitimate posts, all the charts and posters who give their honest opinions...but I hate sifting through crap.
I've learned a lot but as the board grows, so do bashers and pure garbage. Would hate to see that here. You have a good thing going.
Thanks to all those who have a genuine interest here.
Fy
I hope you can't either! That means its ROCKING!!! Just kidding. Good luck, man. I just have to find the time to get out to maximize...thats the question...when?
I figure I will wait for some gains and then take some off to play the free shares (to be safe), in case I am wrong, but either way I stand to make cash. It's certainly interesting news and is getting hype all over the place. So we will see!
Thanks for the info.
Just not sure what to do with the (SIRI) shares. Apparently there will be movement tomorrow, now do I play it like any other stock, or does this have the potential to have big, long term gains. I figured I would take some off the table after (if) a big move, and gamble the rest.
Still trying to digest news
Inexperienced here...any thoughts
Good news!!!!!! This will rock tues
Also, SIRI has earnings report Feb 28 and merger talks back on. In at 3.63 and 3.75.
Thanks for the chart and opinions.
SIRI: Posted by BB with chart (not sure if you saw it):
SIRI yep bought 3.65 Fri myself bollinger bands converging/tightening, loos much like the run from late Dec/early Jan to me, MACD crossing, my favorite type of low risk chart, should see $4-4.25 easily
Chart:
www.investorshub.com/boards/read_msg.asp?message_id=17159314
In SIRI at 3.63, 3.75, been in ETIM for several weeks at .0009 and .0015. My weekend is shaping up. Have a great weekend. I've been skiing in Colorado for the past week and back to trading monday!
3.74
Picked up some SIRI
Was looking at SIRI too, shaping up
Looks like bottom at .0020, but only second day there. Just wanted to confirm that in case it keeps going down. Other indicators not turning yet.
See news on USXP? May move today. Chart needs to develop support, but this may give it a pop. Analyst gave a buy recommendation with at $26 target. I think that is silly, but it certainly can make it move.
I like that. Keep an eye on it. Did you see a buy initiated on SIRI?
You and me both, oh well, there will be plenty more to play.