Tuesday, July 29, 2008

Sirius XM sattelite radio (NASDAQ: SIRI): Is it reversing its trend today?

Sirius and XM merged today and the new combined companies' stock opened 15% lower. Seems like this was the climax of the trend as the stock has been trading higher than the Open price since morning. If it closes above Open price today, it is positive for the stock. If the stock somehow manages to close above yesterday's Close, this is definately a strong Reverse signal.

Investment or trading in the stock needs to be with a stoploss at $1.48.

Profile of the company:
Sirius Satellite Radio, Inc. provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content. As of March 31, 2008, the company offered a programming lineup of 69 channels of commercial-free music; 54 channels of sports, news, talk, and entertainment; and 11 channels of traffic and weather, as well as informational data services. It served approximately 8,644,319 subscribers. In addition, the company sells radios and accessories for use in cars, trucks, homes, offices, boats, or other locations primarily through automakers, consumer electronics retailers, and mobile audio dealers, as well as through its Web site. Further, it provides SIRIUS Internet Radio, an Internet-only version of its service. The company, formerly known as CD Radio, Inc., was founded in 1990 and is headquartered in New York, New York.

Tuesday, July 15, 2008

Reversal in stock market at last? Possible time to buy stocks

As per PROFIT FROM PRICES theory, today there are nice reversal buy signals:
* The recent sentiment is very bad.
* Today market and most stock opened with a big down gap and many of them are trading in positive territory right now.
* Volumes today (and over last few days) are distinctively higher.

Here is a chart of Dow Jones Ind average:

Financial stocks and airlines are showing strong U TURN buy signals today

Thursday, July 10, 2008

Please sign this petition to control speculation in oil

An Open letter to All Airline Customers:

Our country is facing a possible sharp economic downturn because of skyrocketing oil and fuel prices, but by pulling together, we can all do something to help now.

For airlines, ultra-expensive fuel means thousands of lost jobs and severe reductions in air service to both large and small communities. To the broader economy, oil prices mean slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers. Since high oil prices are partly a response to normal market forces, the nation needs to focus on increased energy supplies and conservation. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated market speculation.

Twenty years ago, 21 percent of oil contracts were purchased by speculators who trade oil on paper with no intention of ever taking delivery. Today, oil speculators purchase 66 percent of all oil futures contracts, and that reflects just the transactions that are known. Speculators buy up large amounts of oil and then sell it to each other again and again. A barrel of oil may trade 20-plus times before it is delivered and used; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per barrel in unnecessary speculative costs.

Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with several other modest measures, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated oil market and permit the economy to prosper.

The nation needs to pull together to reform the oil markets and solve this growing problem.

We need your help. Get more information and contact Congress by visiting www.StopOilSpeculationNow.com.