Anyone Scalping SIRI these days? It moves pretty well and you can load up insane amounts of shares. I personally do a buy morn sell afternoon, but does anyone scalp it? (P.S. I also own siri long term - this is not a push for the stock, just a question)
what do you make monthly trading that cheap of a stock? i am curious do you trade if for lack of buying power or do you just like it? i am not trying to be a dick because i see it moved 50 cents.
I dont primarily trade SIRI - as I mentioned - I currently buy in the morn and sell in the noon, when I think its going up. But I see that there MAY be some opportunity for scalping. I like it because its cheap and thick and moves! (you can get in 10k shares @$35,000 no problem). I am still scared to actually scalp it so I buy a few thou in the morning. I usually come out with a few hundred a day on SIRI, when I buy it (I never short it). Just asking if anyone else is scalping it.
I know some guys here at the office who trade very large in SIRI and make a lot of money. This morning there seems to be something going on so I guess there will be some serious hits todays.....
or swing trading SIRI ? I am tempted but common sense tells me its really a high spec name and to avoid it