IHRT call opportunity IHRT has support levels around $13.80 and resistance at $15.08. IHRT's earnings is in 9 days with an expected EPS of 0.28, if IHRT can exceed expectations, it will breakthrough it's resistance level.
Radio
SiriusXM, SIRI , Up TrendI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I believe SIRI is in an uptrend. I'm not going into a lot of detail with this one. I've drawn what I believe to be the Support and Resistance lines. SIRI may not bounce off Support, and that's ok as long as it keeps going up in price. Some trends (up or down) just hug one line or another and may not bounce between the two. Though a bounce would be nice, the overall trend is the important technical aspect to watch. If it bounces, great; if it just crawls along Support for the next week or two that's fine as well. With my lines drawn as they are you may notice the body of the candlestick from Friday, September 07, 2018 doesn't touch the line; but a low wick comes close. That low wick could be all the Stock needs for the price to start rising; but it also wouldn't surprise me if Monday's price action dropped to touch Support. Decide on your own strategy, and set an alert or automated Stop Loss for your safety net.
There are a couple different strategies to use with trends. You can buy at Support and sell at Resistance, and repeat until the pattern changes; or you can buy and hold. Either one will make money as long as the trend continues in the correct direction.
Let me know if you have any questions or comments.
Corus_Entertainment_(TSX:CJR.B)_May_17_2018Corus is a Canadian Media company with interests in the radio, publishing, and television sectors. It was a part of Shaw Communication till 1999 when it was spinned off as a separate company.
Since 2014, CJR.B has been in a state of decline owing to the rise of Netflix and other internet based media networks which has impacted advertising revenue. However, even though Television viewership is shrinking, it will not completely die out. There will always be customers for speciality television shows such as those that Corus Entertainment owns and operates. Radio was long presumed to be dead but has found a niche market; I believe television will find its own market.
Currently, my analysis indicates that a symmetric triangle is developing. Volume is contracting as the price moves towards the peak of the triangle. Depending upon which way CJR.B breaks outs, we may want to buy or short the stock. However, at these prices CJR.B is yielding over 15% dividend. I think there is sufficient support for the stock around $6.00 as evident by the strong volume at that price level. Earnings are also above analyst estimates (the last earnings was).
Based on the probabilities, I would take a gamble at the stock around $6 and hold it till the sector goes strong again. Even though the price may never reach the peak levels of 2014, a 15% dividend is not bad these days. Ofcourse the dividend can be reduced; which any sensible management would do. But in this case, the management seems extremely shareholder friendly with almost firm reassurance that the dividend will not be impacted.
Pandora (P) Rolling Stock ConsolidationI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Pandora (P) is on a roll--literally. The horizontal Support and Resistance lines can be drawn in a couple different places depending on your risk tolerance or trading plan.
The larger channel is a roll between $4.50 and $5.40. (green horizontal lines, or top most and bottom most if you can't see the color green very well)
Upside: More money due to larger spread/channel.
Downside: Not as consistent. It doesn't always hit the upper Resistance Line.
Smaller Channel $4.65-$5.20 (orange two lines, or middle pair of lines)
Upside: It is more consistent--predictable, reliable, and repeatable as I was taught to look for.
Downside: You won't make as much money since it's a smaller spread/channel. However, to quote the man who first taught me how to trade Stocks, "You don't go broke making money." Yes, it's a smaller spread; but it's still a win and profit.
I painted a dotted arrow showing what I think it could do over the next few days or weeks. If it stays true to its pattern for the past few weeks and months, it should reach support in less than a week. Of course, that is what it has done in the past and we'll have to wait and see what it will do in the future.
If you have a Stock or Index you would like me to look at let me know. I can always use more practice. :) If there is a way I can make these clearer to you (candlestick vs. line chart, background color, line color, more thorough explanation, etc.) let me know and I will see if I am able to accommodate you. I am planning on entering this play if it reaches Support and bounces. Let me know if you do and how it turns out for you.
We Think $SIRI Has Some Sirius PotentialHonestly, I didn't even know Sirius XM was a publicly traded company until 6 months ago. Mainly because it's under $5, and I generally tend to avoid such stocks after getting burned in the penny stock world so many years ago. But SIRI is an interesting ticker, and one we recently acquired quite a sum of shares in for the long run, and by long run, I mean retirement.
We bought for multiple reasons, none of which revolve around Warren Buffet's company Berkshire Hathaway (BRK-A/B) increased stake in the company; although that can be a nice boost.
First, the company declared a quarterly dividend of $.01/share (.04/share/year). Granted, this is not a lucrative dividend amount by a long-shot, but it is one indicator of a fundamental shift in the company's long-term outlook to their business success. In essence, I like to see a company project confidence in their model by thereby rewarding their shareholders, even if it's a little. Oh, and that doesn't mean it won't grow in the future either.
Second it's maintained a nice technical uptrend, so we're at least going to ride it for a bit of the long haul. We've had two entries hit since the stock really started running.
Third, we don't like to speculate on the future of a company's capabilities or markets, but due to our knowledge of satellites, I find it interesting that SIRI is named as a potential contender in the "Connected Car". The possibilities of Sirius's S-band downlink being used as a secondary or tertiary backup link, or a data stream to the cars' ability to predict traffic and best routes possibly could be a market entry when the self-driving car technology gains a foothold. This would allow for contractual growth and a steadily grown curve of revenue.
For just a minute though, let's get a little crazier and speculate a little bit. Another interesting concept is Sirius' versatility and the company's placement's potential for scale. In reality, Sirius is a Satellite communications provider; it's just a one-way transmission to your car radio. But here's food for thought: satellite phone communications. At the moment, most sat phones are not even worth the average consumer buying due to the high cost of operation ($6/minute) and the infeasibility of carrying a brief case that holds the equipment. But when we looked at SIRI, we look at how other companies might be looking to scale, and how SIRI might do the same. We personally think that there's only so many cell towers one can build, and they only provide coverage in a certain area. Furthermore, the current satellite phone providers such as Iridium, Globalstar, and INMARSAT have a huge cost, and rightly so due to the amount of satellites they've put in orbit to maintain their service provision. But I think Sirius is a well-known consumer brand. Seriously. Ask any person on the street what it is and they'll likely tell you it's a satellite radio. Now tell that same person that Sirius is providing phone services to their iPhone/Android/Pixel. They probably wouldn't be very surprised would they? But how would SIRI do it? Possibly through a joint venture with a company like Google or Android since Apple is a competitor in the online music streaming business. If Google (NASDAQ:GOOG) were to come in, design a proprietary receiver/transmitter into the phone it'd be a win-win for both companies. Also, SIRI would be that service provider undercutting the competition SATCOM providers as well as terrestrial providers like Verizon (NYSE:VZ), T-Mobile (NASDAQ:TMUS) and AT&T (NYSE:T). Thus, Sirius would have then successfully expanded and would gain an insurmountable competitive advantage.
The transmission architecture could possibly be supported both through uplink communications to a leased COMSAT (cheaper than building a new one) or through the joint venture to build an entire new constellation. Not to mention, Sirius already has a terrestrial repeater network for their radio services (much like cell towers), and this could have a
Radio? I barely watch TV!P had a decent run lately due to good news and favorable earnings.
The move to digital platforms is going well but unsustainable IMO.
Waiting for the confirmation at the long term trend line.
A break - A very good potential LONG with ~20% upside.
A rejection - A very, very good short all the way down to $6.
A small long until trend line is a good swing trade.
