Sirius XM Holdings Inc (SIRI)

[dmlabuda]

If you're a seasoned trader Turbo, you should know that rule is you always Sell the News. Especially when it comes from a blogger who is admitting he was wrong and in the face of a looming and ominous double top formation on the charts. Why should you sell the news? Because most likely the smart money has already anticipated what it would be and has positioned itself accordingly and so the news is already discounted in recent trading. Today, we witness the calm before the storm. That low volume day when the smart bulls have already taken there profits and smart bears are already in position and everyone who knows anything is anxiously awaiting the turn in the momentum that will eventually topple the tree as prices once again fall back into a very attractive lower price range. I wonder if Cameron Kaine will have to write another article stating he was wrong again or if he will be wise and patient enough to wait for an optimal entry point into this market? Only time will tell, I suppose. Enjoy the calm ...