octradr
Short

SIRI is at resistance

BATS:SIRI   SIRIUS XM HLDGS INC
105 2 0
SIRI             has been following a downtrend since the end of May. It has again reached the short-term resistance line and is a good time to open a short position. There is no use fighting this trend without a significant breaking of this resistance line. I expect a withdrawal from this point within a few days and a return of 5-10%.
SIRI has been getting a lot of good press lately with buybacks and other news. If it closes over 3.50 I would call this scenario null.
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Wow was I wrong.
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