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I agree... RSI is at 26 as of this post. This will have to pop up at some point. The fundamentals are there.
I picked up a few at $1.04 yesterday and waiting for my deposit to go through TD... hopefully i can still get some on the cheap tomorrow. I didn't think they would be this cheap. I figured it would hug the 200 day average.
The market is stressed at this point... a lot of earning flops. It is unfortunate this one is getting dragged down too.
Thanks Rek... still trying to get a hold on looking at things from a technical perspective. I appreciate your feedback.
The prices i used were closing and not the highest/lowest points in the particular trading day i referenced. I still have a lot to learn.
This thing is just printing money!
The last run we had back in August, RSI went as high as 84 before it began to recede. It was at $2.56 at that point and went as low as 2.39, at which point the RSI dipped below 30 and started climbing again. That was roughly a 7% drop.
If that happens again, that would put us at $2.75. I think we have a lot of momentum now and starting to see things come to fruition.
I might take a little off the table and try to trade these highs and lows. What to do... what to do!!!!
Strong support at $1.08.
I agree... if it goes below $1.08 i am going to pick up some additional stock on the cheap.
Spike in after hours trading... it touched $1.30.
Smack that ask... smack that ask!!!!
Close above $2.75 today????
I can respect that too...
Then i hope he hits the nuts, sets the hook and then goes all in today!!!
It would be a huge let down if Sirius does not capitalize on this momentum!
The stock has got momentum this morning (touched 2.73)... hopefully the 1 o'clock meeting will set this thing off!!!
I hope Mel has his game face on!
It will be interesting to see how this puppy trades leading up to and after the earnings/10Q release.
Looks like we have some resistance on the way up to $1.40 (1.23, 1.29 and 1.39) helpful site to anlaze stock movements
I would like to see a steady increase to $1.40. The 50 day is trending up and currently trading at the 200 day mark. Joez Chart
Game time... see how this puppy trades throughout the day and where it closes.
SIRI hit a new 52 week high and no resistance at these levels. RSI is on the rise. I would like to see this puppy stay above $2.60.
It will be interesting to see if the Liberty Media conference and Siri Q# earnings release will set this thing off!
I see cramer is still dogging SIRI... warning people "not to chase this stock" in last night's 6 trades in 60 seconds. I guess he will change his tune once things start coming to fruition and this thing finally pops... in my opinion, then it will be too late.
I agree... i feel asking someone else for an entry/exit point will only lead to drama. No good deed goes unpunished.
I am still learning about the art of technical training and many of the posts on this board have been very helpful.
I find these websites to be helpful... until i can perform my own analysis.
Helpful Website to identify resistance/support levels
Helpful website that calculates RSI
Website that explains RSI
I am happy to see this thing close above 2.40 with a little volume behind it.
Trying to hang on to this ride but getting really nervous with all the latest buzz.
This adds a bit of a twist as well...
Sirius Royalty Increase
Fair enough... I agree they have a lot in common, as it relates to music but SIRIUS has a lot to offer that currently differentiates itself from the competition (lack of commercials, exclusive sports, talk and entertainment to name a few). Once Pandora/Apple starts incorporating these into their line-up, i will definitely rethink my long term view of SIRIUS.
The thing that scares me the most is Apple's following. I feel that in itself will entice people to at least try it out and in turn, stress test SIRIUS' market share. I would need to see how they would structure their product before I would get too worried.
I agree that SIRIUS and Apple could operate together in the same market. I actually think a little competition for SIRIUS is a good thing... force them to invest in new technology, come up with new gadgets, etc.
It hit $2.46 and bounced again.
It will be interesting to see if Mel's speech will help move this to the next level or snuff out speculation that Apple will take away from Sirius' market share.
I think the Apple rumors will stress test the stock price but I don't think it will have long-term affects. They are two completely different mediums... i prefer Sirius' line up to pandora. When I start hearing about pandora/apple stealing away MLB, NFL, talk shows, etc, then i will start to reconsider.
I saw the first auto commercial last night during Monday night football that touted having Pandora as part of its tech-package. I also saw three other commercials that highlighted sirius (Ford, Chevy and Mercedes).
I think Sirius is slowly becoming a household name.
It hit $2.47 and bounced...
I am long term and hoping to go north from here... see where she closes.
I am hoping to see volume pick up around these levels to keep this freight train on its current track to higher ground.
Looks like we have light resistance at 2.57 and support forming around 2.47... strong support around 2.25. Do you guys agree?
Hopefully SIRIUS has a few more tricks up its sleeve and doesn't resort to radio silence until we get closer to the next earnings call.
This is sweeter than yoo-hoo. I think this product is becoming more and more of a household name than people recognize.
I was on vacation at a lake this summer and was amazed to see how many boats are also going with the SIRIUS radio option. It is in a remote area that products like Pandora would not work and a satellite feed is the only option.
I am holding on to my seat to see what Liberty can do with this puppy... globalization, stream movies, etc.
Thanks lasers...
I accumulated most of my position while it was sub $1 and have been on this ride ever since. I really do believe in this product (i have two radios myself) and is why i have held on through most of the bearish dips. I now hear more and more of my friends talking about SIRIUS and how they could never go back to regular radio. The Liberty Media dynamic opens up too many doors in my opinion to bail out now.
I think at this point, i will just hold on to my position and sideline my SIRI trading strategy for now. The question i am grappling with now is where i want to establish my stop loss. I like these prices and don't really see them dipping back under $2, assuming all cylinders continue to fire.
It should be very interesting over the next 4 months. GLTU and everyone else breathin' and believin'.
I would like to thank those who post on this board... one of the more informative boards that I follow.
I would like to learn more about technical analysis before changing to or incorporating a trading strategy. Can anyone recommend a good read/text books regarding technical analysis?
I have been holding on to SIRI since 2008. The trend of this stock seems to be changing from its usual run up to the earnings call, price drop... rinse and repeat. I would like to start trading SIRI but my gut tells me to sit on the sideline for now and see how the next couple of months/quarters pan out.
Regarding RSI, I found a calculator online and just want to make sure I understand how to read the numbers.
Range is 0 to 100 and important signals occur between readings of 30 and 70.
Prepare to trade as the indicator gets closer to 30 and do not buy a stock when it drops below 30.
Prepare to trade stocks that have been in a trend and have risen above the 70 threshold. However, do not trade the security until it falls below the threshold.
Look for RSI divergence (i need help on this one)- Bullish divergence is when a stock price makes a lower low than in previous trading (i understand this part ) and the RSI indicator makes a higher low (does this mean a higher reading above 30 but below 70). Bearish divergence is when a stock makes a new high (i understand this part) but the indicator does not (does this mean it has to be below 70).
I think absent any earth shattering news, this will probably trade around these levels or even dip lower leading up to the next earnings call. At which point, enough info will be released to spark interest, drive up the price in anticipation of great earnings and then people will take their gains shortly after the earnings call.
This article makes it sound like analysts are sitting on the sidelines as well until Joez can put up sustainable growth figures and rule out their product is just a fad that may fade away. Joe's Jeans a Penny Ahead - Analyst Blog
I have experienced this same trend in SIRI... everyone buys into the quarter and then sells even though they have great results. I now have a short-term trading position and a long term holding position.
I am considering doing the same with Joez if this trend continues in to Q4.
Just my opinion anyway.
Looks like short interest has declined (not much - JOEZ Short Interest). 300k short position on outstanding shares of 67 million shouldn't have much drag.
I feel this stock is going to act this way until we can file a few more quarters behind us and show the earnings/growth potential is sustainable. Then hopefully it will catch the eyes of a few more institutional buyers and help push us north of here.
http://siriusbuzz.com/11492.php" rel="nofollow" target="_blank" >http://siriusbuzz.com/11492.php
Interesting read...
Malone Knocks Sirius CEO
Liberty Chairman Faults Rival's Vision Amid Fight to Control Satellite-Radio Firm
By JOHN JANNARONE, July 12, 2012
SUN VALLEY, Idaho— John Malone's beef with Mel Karmazin isn't just about who controls Sirius XM Radio Inc. They also have differences over how the satellite-radio company should be run.
In an interview with The Wall Street Journal at the annual Allen & Co. conference in Sun Valley on Thursday, Mr. Malone, who is chairman of Liberty Media Corp., said he is more concerned about evolving technologies than Mr. Karmazin, who has been Sirius's chief executive since 2004, appeared to be.
"I'm a very long-term investor, despite my age," said Mr. Malone, who is 71.
"So I tend to be looking out 10 or 20 years, whereas I think Mel in all honesty right now has got a pretty short-term focus. I think they do an excellent job of running the company but we would be making more investments and...would at least look at globalizing."
In the last few months, Mr. Karmazin has battled publicly over whether Liberty, Sirius's biggest shareholder, should take control of the company. Liberty gave Sirius a lifeline in early 2009 with several hundred million dollars in loans and in exchange got preferred shares equivalent to a 40% stake in the company. Liberty has since increased the stake to more than 46% and asked the Federal Communications Commission for permission to exercise effective control. Sirius has opposed the FCC application, arguing Liberty hasn't taken concrete steps to get control.
In Thursday's interview, Mr. Malone displayed his frustration with Mr. Karmazin's attitude. "What gives Mel the right to say, hey, John, you've got to go away? ....This is a John-Mel thing. Control is control is control is control. And my whole life has been about control."
Mr. Malone said he wants Sirius to use its significant cash flow to return money to Liberty. "If we have to spend our money to go from 40% to 50% and decide we want to spin it off, we'd like to get that capital back before we spin it off," he said.
A Sirius spokesman didn't respond to a request for comment.
Until now, Liberty has said little about whether Mr. Karmazin's vision of the company is aligned with its own. Mr. Karmazin has guided the company to prosperity from the brink of collapse: Sirius is expected to generate about $700 million in cash this year after deep losses a few years ago. But there are questions about how it will cope with growing competition from Web-based streaming services like Pandora.
"From our side, we would probably put a little more money into technology [and] be a little more concerned about the future," Mr. Malone added, just having finished lunch by the resort's outdoor ice skating rink.
"As we contract audio programming long term, we would probably be pushing and talking a lot more about the next generation or two of service, including how do we enhance our Internet delivery of Sirius, as well as the next generation in the auto."
One competitive advantage Sirius has is that its users often want content other than music, and Mr. Malone said he wants to strengthen that hold with more exclusive deals. He mentioned examples such as the NFL or Major League Baseball along with CNBC or Bloomberg for news.
"You can't lock up music in a meaningful way but you can lock up this other stuff. And you can also innovate stuff and create stuff," he said.
Here is a potential explanation... i can't find any specific news regarding DRYS that would explain the movement.
DRYS Beta is 3.2.
seeking alpha article on Eagle Bulk Shipping
WSJ Article, "At Sirius Radio, a Dogged Resistance to Liberty Media"...
Sirius XM Radio Inc. SIRI +0.27%Chief Executive Mel Karmazin is so single-minded about the satellite radio broadcaster that on sunny days he walks the dozen blocks from his New York apartment to the office, listening to Sirius programs on headphones.
Not that he's only tuned in to the programs. Mr. Karmazin is focused on "the numbers," said a former Sirius board member. He is "totally preoccupied with the valuation of the company."
That preoccupation has intensified in the past few months, as Mr. Karmazin has publicly battled with Sirius's biggest shareholder, Liberty Media Corp., LMCA +0.12%over its efforts to take control of the company. On Monday, for the second time, Sirius opposed a petition from Liberty to the Federal Communications Commission seeking approval to exercise effective control with its stake of less than 50%.
Sirius contends that Liberty still hadn't taken concrete steps to get control—even though that was an FCC stipulation. Sirius noted to the FCC that while Liberty now has a stake of 46.2%, it hasn't, for instance, "proposed specific nominees" for the board.
"Liberty Media's inaction speaks louder than its words," Sirius said in its filing.
At the heart of the battle appears to be Mr. Karmazin's conviction that Liberty shouldn't get control of Sirius without paying for it. Liberty got its initial 40% stake for virtually nothing—a $12,500 nominal payment included as part of the terms Liberty exacted for rescuing Sirius from financial distress in early 2009 with a package of loans. That stake is now valued at about $5 billion, while the loans were quickly repaid.
"The odds are we will never do a deal as good as Sirius again. Full stop," bragged Liberty Chief Executive Greg Maffei last year. (Liberty recently has agreed to spend $777 million to raise its stake to 46.2%.)
Industry executives, including Mr. Maffei, credit Mr. Karmazin with a turnaround at Sirius since the 2009 episode. After years of losses, it is expected to generate $689 million in cash this year. About 67% of cars come with the Sirius radio service preinstalled, up from 46% in 2008. Over the same period, Sirius's subscriber count was up 15% to 21.9 million.
Mr. Karmazin's relationships with on-air talent have proved valuable. He negotiated new contracts for both Howard Stern and Oprah Winfrey when they expired and signed Martha Stewart.
"Mel has turned in excellent operating and financial results since we invested," said Mr. Maffei in an interview.
Mr. Karmazin, 68 years old, hasn't done too badly himself. In mid-2009, he forfeited stock options he had initially received—exercisable at $4.72, compared with the then stock price of around 35 cents, they were worthless—and was issued with new options now valued at around $170 million. He makes about $10 million a year in salary yet he told Forbes magazine earlier this year, "I think I'm one of the most under paid executives in the history of executive payment."
Mr. Karmazin won't discuss the Liberty situation with The Wall Street Journal. In a brief phone conversation, he also refused to discuss his management, saying "I'm a very boring subject…no one wants to read about me."
Unlike some media executives, Mr. Karmazin isn't a schmoozer. He is usually one of the first people in the office but leaves late in the afternoon, heading home where he often spends the evening with his wife, sometimes reading, according to a person who knows him. A dog lover, he has been donating to the North Shore Animal League shelter on Long Island for the past few years. The shelter says Mr. Karmazin at one time adopted a dog named Kelsey.
His former boss at Viacom Inc., VIAB +1.15%Sumner Redstone, once said Mr. Karmazin showed no interest in having dinner with him. His relations with Liberty executives appear similarly arms-length. Asked about Liberty's founder, John Malone, Mr. Karmazin told shareholders last month "We're not friends…But I've known him for a long time."
About the only cloud on Sirius's horizon—not counting Liberty—is the competitive threat posed by online streaming services, like Pandora and iHeartRadio, a unit of Clear Channel Broadcasting. Mr. Maffei told investors in late May that Liberty would encourage Sirius to make more of a marketing push for its Web technologies.
Publicly, Mr. Karmazin has made clear his view that Liberty should pay a premium to get control. If Liberty wants to acquire more of Sirius, "I will do my best to make sure it's at an extraordinarily high price," he told investors in September 2010. Last month, talking on a conference call with analysts, he said "we are interested in doing what is right for all of our shareholders."
Liberty points out that Mr. Karmazin stands to benefit personally from a higher stock price. "Mel has a ton of incentives to see the stock price go up. He's heavily compensated based on stock options," Mr. Maffei told investors last year. "He thinks independence and distance from Liberty probably helps his stock price…so that's the tension."
Mr. Karmazin recently had a stake of about 2% in Sirius, but he has begun to exercise some options and sell shares under a pre-arranged stock-sale plan that will reduce his holding to about 1%.
Underlying the tension is also Mr. Karmazin's dislike of working for someone else. He told shareholders at the annual meeting last month that he didn't want to work for a controlling shareholder—even if it was Warren Buffett. That attitude echoes the public feud that engulfed Viacom a decade ago when Mr. Karmazin was No. 2 to Mr. Redstone. Mr. Karmazin had come into the company after selling CBS to Viacom, a deal that was unwound after Mr. Karmazin left. But for three years, the two fought over who was in charge. Mr. Karmazin quit in 2004 and shortly afterward joined Sirius.
Whether Mr. Karmazin will have any more success with his Liberty battle is unclear. One lawyer says the outcome was set in the 2009 deal that gave Liberty the 40% block of stock. Sirius has indicated the two sides have held discussions about possible deals: one option is thought to be a spinoff of Liberty's Sirius stock to its shareholders.
Whatever happens, the fight won't drag on for too long. Mr. Karmazin's contract expires at the end of the year.
Gene's LinkedIn Profile If you need any audit work, you should look this guy up.
Good ol' Tron (a.k.a - Pacal) and I went round and round on this topic last year (see post 39434).
This was my first and last speculative penny stock investment I will ever make.
Ah, i see... this must be a "start up company". Very interesting how this blurb from their website is worded. What a shame this type of "business" is allowed to continue.
And if we think alike, then i hope that individual/usual suspects that touted hang in there; EV has big things brewing; investigations are speculation; a "start up company" doesn't need a big 4 auditing firm, BS, BS, BS, keeps EV company at the klink.
I noticed that the usual suspects have now moved over to the PBHG board. I guess PBHG is soon to be the "new and improved ARTS".
I find it sad that EV is allowed to continue doing this type of "business".
Read this post and tell me if it isn't eerily familiar. I remember a similar "PR" stating similar BS in March of 2010. Total soup sandwich!
Apparently, "NEWS IS OUT". What a joke...
PBHG Post
Shocker... this company is toast
I haven't stopped by in a while, so i thought i would take a few minutes during lunch.
What happened to the Tron-inator? That guy will be missed.
I thought for sure this POS company would be underwater by now. Impressive chart.... I think we can call the time of death at the end of the year. Cause of death... EV F'ing about!
Some of us have been trying to tell everyone here to be cautious when buying into the hype.
Many of us communicated with EV or someone claiming to be EV numerous times last year. As many of us walked blindly into the EV buzz saw, he was there to usher us in with soothing thoughts of encouragement and hope. I have a few emails from EV (around the declaration of dividends) saved. Many shared their emails with the board last year.
The time for execution is now. No more BS PR's, emails from EV... how about a few sales, confirmation on Picasso, etc.
Speculation or can you suppor this?
I am interested in how a "PR" is going to sell art.
Who cares about EV's BS PR's. Proof is in the pudding. There hasn't been ANY execution on the "PR" that have been released to date.
The one that stands out in my mind (and tricked me and others into buying back into this POS) is the infamous dividend communication. Only to find out a year later that EV is not going to deliver on this promise.
Remember these guys? My pocket sure hasn't forgotten.
mlm.business-opportunities.biz/2010/03/24/artfest-shareholders-to-receive-artfest-direct-dividend-valued-at-10-per-share/
www.marketwire.com/press-release/Artfest-International-Inc-Distributes-Stock-Dividend-Today-1272020.htm
EV... what a stand up POS