SIRI closed at .116 today...your thoughts?

SIRI closed at .116 today...

Your thoughts?

speechless

So let me get this straight....

The automakers get $17.4 billion, the fed lowers interest rates to record lows, Nasdaq extends the delisting proceedings freeze until April 20th '09, SIRI ups their guidance, and SIRI closes down @ .116....:confused:

yep, today is opposite day

Here is the trade below the bid and the ask that tanked it right at the close...and then a whole bunch went flying through in the seconds after 16:00:00.......

16:00:00 $ .116 25,000
15:59:57 $ .129 3,300
15:59:57 $ .129 1,550
15:59:57 $ .129 2,000
15:59:57 $ .135 12,000
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 24,600

At about 3:56 I looked at my screen, which had real time quotes and noticed that SIRI was at about yesterday's level (with perhaps a loss of about a quarter of a cent). Then, when I looked back at 3:59, the volume seemed huge, was jumping by millions of shares at a time, and the stock was plunging by almost 2 cents (which is obviously a large percentage loss).

Did anyone else notice this? It's almost like one (or more) of the big boys wanted to unload a lot of shares today regardless of the fact that they would have to take less for them by unloading such a volume in so short a time.

Any thoughts?

Quote:

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Originally Posted by Demian

Here is the trade below the bid and the ask that tanked it right at the close...and then a whole bunch went flying through in the seconds after 16:00:00.......

16:00:00 $ .116 25,000
15:59:57 $ .129 3,300
15:59:57 $ .129 1,550
15:59:57 $ .129 2,000
15:59:57 $ .135 12,000
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 24,600

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It's being completely manipulated from the close to afterhours. Mel needs to make a statement now because you almost cannot even sell shares at this price to raise equity.

i will buy more. this stock is an addiction.:(

After hours volume is huge.

I wonder how much of the end of day action is tax loss selling, how much of it is nervousness about holding shares over the weekend?

Also, at this time, bid/ask seems to bounce back and forth from about 11.5 cents to 12.5 cents with high volume.

So, not all seems gloomy (at least not to me).

Quote:

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Originally Posted by m4svt

i will buy more. this stock is an addiction.:(

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The road to recovery starts when you admit you have a problem....

I'm looking at the Options Expiration calendar and it seems they expire today. Since I honestly don't know much about them, how does this affect the stock, if at all?