Swinging Sirius XM Radio (NASDAQ: SIRI) For $2,000 – Again & Again

Of the three types of trades I make regularly; scalp, day and swing, swing
trading across several days is my favorite. The process can be as complicated as
you make but I think its fairly easy. There are usually some really sweet trades
to be had if youre doing your homework daily, or letting me do it for you.
Recently for example, we nailed SIRI again. And while the market cap on this
stock is a bit higher than Id prefer, its a stock that brings a level of
security in choppy markets knowing the PPS wont fluctuate too much. So last week
I banked over $2,000 on SIRI just using some basic common sense, going against
major media outlets like TheStreet.com etc calling SIRI as a sell. So here is
how it played out, pretty simple actually. My subscribers and I been nailing
SIRI off the $1.60 for the last two months for countless successful trades. But
last week, with the bulls in control I knew the $1.60 range wasnt going to be an
option. So I took a look at the chart and grabbed 10k at $1.75 and then another
10k at $1.71. It was that afternoon that TheStreet.com issued a sell on SIRI and
shares fell to $1.67. I mean seriously, they issued a sell on SIRI just before a
massive move , but I didnt sell into the media and the very next day SIRI went
on a bull run into from the $1.60s to the $1.80s which is a HUGE move for SIRI
The very next morning however, SIRI reiterated guidance and updated their
forward outlook sending shares up into the $1.80s which was in fact my target. I
actually added another 10k shares at $1.80 and sold the next day for an easy
$2,000 in profit in just a couple of days work . Now Im not a rocket scientist
but its safe to say that Marek Fuchs, Think like a trader comment can only be
viewed as silly at this point and its just one more example of the media pumping
a popular stock just for traffic. I get Fuchs, BBY and MCD missed comment but
honestly, was that a good reason to sell SIRI at $1.67 on the 13th? I wonder how
his readers feel about that call? I wonder if they lost money? Im sure hes
excellent at what he does, but this one was a bad call and it happens all the
time but everyone continues to use major media as their source of guidance. I
love swing trading and this is just another example of an easy trade. Not only
did we have strong support at $1.65 giving us a firm stop area but we also had a
bull market last week. So when the CEO came out and said SIRI is kicking some
butt, we cashed in on his pump. In my mind SIRI down here is a steal and Ill
continue to flip the stock each and every time I find good entry.