The Long Investor
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$SIRI - WATCHLIST -
🕑 Added 2025-03-27 18:51:01 +0000 UTCI continue to like this position and it has still not broken out of its very steep and long descending wedge.
I do like the higher low hold on the 0.78 Fib at $21 and a bounce back up to the wedge breakout line again.
As always we want to see a breakout and hold above the wedge at $24.60 and then I would consider this a Buy.
Buffett has added heavy here and I believe he now owns over 30% of the company and he has been buying between $21 - $30, so you are in a good position here.
There is a +100% gain just back to the 200 WMA.
Worth a consideration
The kicker: +4.4% dividend.
Comments
Brian
I was reading he owns this as a tax break due to dividends. Similar to OXY. Doesn’t have to pay capital gains. Some loophole about dividends being paid to your company that owns a majority of the stock
