Sirius XM Radio Inc. (NASDAQ:SIRI)
Q: Dear Mr. Brian
I saw a tradethetrend item listed on Scottrade, that says tradethetrend is bullish on SIRI. The note says "write to Chip Frian at email@example.com. I am not sure I understand what type of information I can ask you about? I own some SIRI shares and am always interested in reports as to how the company is doing.
Dear Mr. Duffy,
Thanks for your question and your interest in SmarTrend. Attached is a chart that shows all of the calls made by our system on the stock since last July. Just three lonely trends, which is much less than normal, but as you can see, two of them performed extremely well. SmarTrend called a DownTrend on Sirius XM Radio on 7/29/2008 at $1.62, and subsequently shares fell 88.3% to the Uptrend issued at $0.19 on 2/17/2009. Since that February Uptrend, the stock has risen 167% to today's closing price of $0.51. It will remain in an Uptrend until our system detects that a certain threshold has been crossed and a Downtrend has begun. If you have not yet signed up for our daily Morning Call newsletter, you can join to get daily market analysis as well as performance updates and highlights of some of our best calls.
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