SIRI INTRADAY THREAD: TUESDAY MAY 12th 2009
Good Morning everyone and welcome to SiriusXM Heck..
Just a few observations:anyone aquiring 5% of common stock has 10 days to file with the SEC.
Just noticed that Jennison Associates is currently the highest holder of common at 4.9%,but adjusted for convert of Liberty 40% gives you 6.2bil shares with 310 mil shares being the trigger point for poison pill.
Jennison asociates has 170 mil now.
There is no FCC rule to prevent SATRAD or DTV from being merged.
The Vanguard Group has made a significant purchase of 32 mil shares last Quarter along with Vanguard total stock market index fund.
This is good news as institutions are buying in and we won't know for a while If anyone else is as the reports are always 3 months late.
So Happy trading today and Longs be strong..
U.S. Clears the Way for Antitrust Crackdown
U.S. Clears the Way for Antitrust Crackdown
Justice Dept. to Reverse Looser Policy of Bush Administration
Quote:
During the Bush administration, nearly every high-tech and telecommunications merger before the antitrust division at the Justice Department was approved, including last year's controversial union of the nation's two sole satellite radio service providers, Sirius and XM. After a lengthy battle with the Justice Department, the software giant Oracle won approval in 2005 for its merger with PeopleSoft. Also that year, AT&T and Verizon Communications snapped up dominant market shares after mergers with BellSouth and MCI, respectively.
http://www.washingtonpost.com/wp-dyn...d=sec-business
I'm posting less because.....
I DON'T CARE ABOUT THE SHARE COSTS RIGHT NOW!!!
I'm just buying, buying and buying more as this baby is going to pop at some point this year and I will have accumulated a TON by then. All the synergies will be in place soon: Iphone, Liberty, costs savings, OEM's up and better retail figures......this just simply can't go wrong and the worst is far behind us!!!
Let it stay at the .35-.45 range for a full quarter and by that time, I'll be lovin' life when it skyrockets towards Q4.
BE LONG AND STRONG!
Cheers,
-Whynot
LONG-CSE, AIB, BCS, ETFC, ACAS.