SATWAVES

Siri Chart Perspective

By:  Gino Lattarulo   Although penny stocks are not reliable when reading a chart, there can be no denying that Siri seems to have adhered to many standard chart pattern rules over the last year or so. Looking at the current chart we can see that Siri is in the beginning stages of finding its new trading range. Trend line support is close to the .45 area . We can also see what may be the formation of bullish continuation flag pattern during the last week. This comes after a 50% retrace fro...

The Sirius Catalyst

By:  Gino Lattarulo As predicted, the recent earnings release of Sirius/XM  was met with yawns from most of wall street. The current stock action took it up in pre-market, down 10 cents in a panic sell within the session, and has currently began to start lining up a  trading range. This is the 3rd straight time the stock has behaved this way after each earnings release since Liberty rescued Sirius from bankruptcy. The first release swung it wildly and leveled it off in the mid 20's to 30'...

Siri Earnings Roller Coaster Countdown

By: Gino Lattarulo With the next Sirius earnings report to come out August 3rd, initial estimates are ranging from -0.01 (low), -0.013 (mid) and  -0.02 (high). As we all know, earnings numbers don't coincide with price action too much, but this earnings event will be particularly interesting to me because of all the recent press that Sirius XM Radio (SIRI) has been getting. Articles from stock manipulation, options volume, new revenue streams like the Apple (AAPL) iPod app, the used car ...

Sirius Flicks Off The Russell Rejection Like A Pesky Mosquito

By:  Gino Lattarulo When the Russel Index re-tooled and dropped Sirius from its index the stock went lower as predicted. My personal prediction was .35 cents. I really didn't watch too closely during the next day or so but when I looked at the following closing price I was very surprised. Actually I said "what the...??  (insert expletive) " Don't get me wrong, I was delighted to see that Sirius was almost immediately back to its closing price from the day before. Speculation anyone? My fi...

Bullish Flag Pattern Developing On SIRI

By : Gino Lattarulo Looking at the weekly chart of Siri we can see a bullish flag has developed, with the pole starting at .12 and the flag forming from it's recent peak of .63. You probably can view this chart as a cup and saucer pattern as well, with the handle forming from the .63 peak. At it's current point, Siri would need to close above the .40 mark to break the flag line, and a weekly close above previous resistance of .43  would confirm the break. This .43 resistance point is a...