This could be legitimately an absolute enormous short squeeze. No idea how its going to play out today. It’s setup w/perfect train of momentum. IDENTICAL to how 2021, HALTED GME, squeezed so hard.
$Sirius XM(SIRI.US$ Setup to continue crossing up n over daily scale moving averages, but simultaneously the weekly….MONTHLY…… FN QUARTERLY SCALE moving averages. The question is, can this momentum train continue today? HUGE AMOUNT OF FTD covering due each day for rhe nexr week.
This is the exact same setuo that caused GameStop to squeeze so hard back in 2021. Most specifically,it was the crossing up and over of quarterly scale moving averages that caused the squeeze to squeeze so hard it had to be halted. Unlike GME, SIRI has ALL THE BIG CROSSOVERS NEAR SIMULTANEOUSLY!
It’s insanely hard to say yes or no. How can something with such insane RSI levels continue? Needs a rest right? But likewise how can such momentum be stopped when most of the circled lines will be crossed after open.
I still can’t believe the gain’s I grabbed, without a question personal record high gain. HUGE WIN Yesterday with a bunch of $SIRI calls. Half of these calls went up a record 15,900% gain 😂
holding (5-10 of each) SIRI:
7/28 exp $6.00 strike
7/28 exp. $6.50
8/11 exp. $7.00
8/18 exp. $5.50
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Lucky2828 : I don't think they will allow their hard earn stock price to give up in 1 day time. I believe it will still on the uptrend chart.
RIPPER OP Lucky2828 : I’m not questioning is it going to tumble and fall but will it immediately continue uptrend……bc if the upward movement continues, it HAS TO BE violent, squeezing style movement.
The thing is, NORMALLY, after a day of 42% gains, with RSI so high, the stocks pulls back before the next move up. In this case, it’s hard to say either bc both scenarios are insanely rare and I don’t think their will be any “meeting in the middle”
Mafiosa818 : they pay divi i think
102053805 : how long will it continue till?
Mafiosa818 : i dont know if youre holding but i am![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
i checked fintel![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
RIPPER OP 102053805 : I expect Monday to be very good for SIRI
RIPPER OP Mafiosa818 : I’m holding a few calls left over, like I knew I had to sell when the time was right however, I bought back in anticipating this FTD ramp.
Man, I had some really good hits this week… strangely because it was a tough week too
Mafiosa818 RIPPER OP : good job brother
102053805 RIPPER OP : hey Ripper, when will SIRI will top out at?
RIPPER OP Mafiosa818 : TY, I love you, but as prepared as I was for SIRI, I still feel like I could’ve been a lot more “prepared” hahaha considering I normally am playing at least a minimum of 1k on a set same strikes calls. If I did 1200 in SIRI calls, I would likely have tragically 65-100k profit like legitimately.
The near the money/OTM, calls were very inexpensive, even with the previous momentum at only $1/3,4,5, 7 each! Kept spending limited asit did not appear, as is if their were any bidders, hence, the reason why I only bought a small amount….. didn’t want to get stuck holding illiquid options. I guess when you trust your gut, trust it.
If that scenario ever occurs again, I’ll know what to do… literally though if I let’s say.