rare marketsurfer stock pick--- part 2

11:23 ET SIRI plunges into red amid enormous volume 3.75 -0.07: Sirius Satellite shares have come down sharply from their morning high of $4.20 following comments by SG Cowen (see 08:19 update) and a downgrade by Stifel Nicolaus (see 10:28). Specifically, Stifel Nicolaus cut its rating to Mkt Perform from Outperform amid concerns that traders who bought the stock ahead of expected positive announcements later this week at the Consumer Electronics Show may sell into the actual news. While firm believes co could show some slight upside to Stifel's 241k year-end 2003 est and 709k forecast for net additions in 2004, firm isn't looking for any major announcements. However, Stifel thinks competitor XM Satellite may surprise strongly to the upside with 2004 guidance of 1.7-1.8 mln vs 1.4 mln consensus net adds.
 
Quote from marketsurfer:

siri's target of 4.00 has been hit. we are taking profits on 50% of position at this time. holding 50% trade size long.

best,

surfer
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congratulations Dave I was in with you @ around 3.10 and exited some at 4.00 and the rest at 4.12.....excellent call!

Awaiting your next one.....

rttrader1 -
 
Folks,

Let's please keep the discussion to marketsurfer's picks/strategy etc. Otherwise everyone will be posting the next parabolic stock or checking out the hot runners of the day and asking, "why didn't you go long ABC, or why didn't you short XYZ...." Thanks.
 
Quote from marketsurfer:

we are closing entire position and going totally FLAT in SIRI.

thank you !

surfer :)
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Congrats Surf!

How much you make?? $50,000? $100,000? How much???
 
Quote from marketsurfer:

the neural network engine that triggered SIRI as a buy @ 2.25 is unclear and shaky for this weeks performance. as you know, this is a long term hold-- with this in mind, our stops are at 1.92. i am still projecting 4 plus by april.

best,

surfer :)
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Do you use a self built engine or commercialy bought engine for your neural network? If commercial any comments on what one it is?
Apart from studying neural nets at uni I have not used them in the markets so far. How do you find its calls? Obviously you must put trust in it for such a good trade, and to take such a big position. Do you use it to "flag" potentials and do your own analysis or simply use its calls straight off? Do you use the net for all markets or only some?

Regards,

Ize.
 
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