Looks like there is some inside information that is saying the earnings tomorrow will be a miss. Sure is nice to have the inside track. Could be a bear raid but no way to tell.
I jumped out @ $1.95 this PM after SIRI failed to get back up over $2 this afternoon after the earlier fall to $1.92. The stacking of the ask said it during the last 2 hours of SIRI trading.
Been in SIRI to many times as earning is released, going to sit this out tomorrow morning. Going with the strategy that SIRI will do it's predictable earnings drop; will be looking for a re-entry in the $1.75 -1.85 area depending on report.
If is does happen, that's ok; still made a decent amount of coin on todays trading out position.
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