diamondintheruff, You're welcome. Notice the
pre-market bump on SIRI (.11) as I type.
But also notice the pre-market NASDAQ down by a point or 2. Use the 10:10am rule and see how the market and SIRI begin to shift at that time. If it and the market retraces, wait and get in at lower levels. If it and the market are showing strength, then consider the buy button. With a mixed market it's truly your call to enter in or wait it out to see which way it and the market will trend.
I let another of my solid long term plays out in my last post to you (BSC). I'll add RIMM in this mix too.
To date, I've leaked out ASD, HAR, BSC, RIMM, EBAY as good long term holds. I just added EBAY in the last few months because they have emerged as the only game in town in on-line auctions. Others sites that have tried or are out there currently have never been a competitive threat. I don't see that changing.
SIRI and R are ones that have my attention as being very good for the near term, and possible long term holds.
I know we disuss CMKX and SSWH here a lot, but my background has been big board plays which beat the indexes and Dow year in and year out. Peek at the financials and 5 and 10 year charts for any of the above and you'll see what I mean. One of my criteria is that a stock must have shown growth or no loss in 2000, 2001 and 2002 during the bear market. I have 3 or 4 other litmus tests but even if they pass those, if they didn't pass the bear market test I won't consider them as a long term play.
Hope your Monday is good diamond. : )
Bo
AI
