SIRIUS Weekly Thread Week of 2/22/2010

Havashank in your side,

You got to stop with gotcha politics and cherry picking from paragraphs man, god you sound like a media tool bag. The call for .68 was when the stock was around mid eighties? No? That was obviously wrong! I stand corrected on that statement...hence the price went up not down...but did I say it was going from 1.25 to .68 hell no and I would not bet on it either. Picking out statements and adding them to something I have said in the past is assholery. The reason I felt the stock could run up to 1.25 was the increased volume in the premarket am session, 5 million shares traded that is a good bit. If the shorts were to run scared and cover early the stock could have moved even higher, hence my rush to get access to my account. The stock is up 4% today, some of my short positions move 7-10% in a day so no biggie. For what it is worth I shaved 5k at 1.14 and the stock is at 1.12 so was that a good move or a bad move, obviously it was the right call. This market from March to now has been the biggest and fastest re-inflation of a bubble I have ever seen at least in the past 11 years. ? for people investing in banks, where has all the bad debt from housing gone, lost recap of principle, not to mention future interest payments that are gone for ever. Know one knows and TARP did not fix it, TALF?, nope, where did it go? Banks are tight on lending and they are borrowing at close to 0, what happens when the fed starts raising rates? Profits are going to get squeezed, period. I would not touch BofA or Citi with a ten foot pole. You have to understand business can only fire people and cut cost to a point, tweaking your business model to get better numbers can only go on for a short period. Eventually you have to grow the top line to, increase sales, and that is not happening. Top line growth has been terrible and will continue to be. As for today yes the banks are leading today but why? I have said this in the past and I will say it again, housing is not fixed and might not be for 3-5 years. You home is not going to stop sinking as long as supply is at an all time high. It might take 2-3 years for your house to level off and 2-3 to start appreciating, that growth might be 1-2%, the days of 10-15-25% in a year are over, forever. I just had a conversation with an older gentleman, 65+, he lives in Atlanta and is the concrete business, he said the subterranean business (pre-concrete) are doing NOTHING. No growth, none! The only area in housing that is doing anything is high end custom homes, mid and low are dead. People going for loans on high end construction have no trouble getting financing because they are already extremely rich, they could purchase with cash if they wanted, thats not the case for 95% of Americans. The next couple of years with unenjoyment hovering at current levels is going to be bad, don't get it twisted. Don't be afraid of cash! Like Aurthur Laffer said, I will be happy to miss the upside just as to not experience the downside that is coming. Laffer, Pimpco crew and Whitney are some of the smartest investors in the market and they say to be cautious but when Big Ben says it ,he is clown. Time will tell. Good luck and god speed.

Big Ben

siri 50 million shares traded up 4% plenty of time to take this pig down. Speaking of pigs I am stopping on the side of the road and getting me a big ass skewer with fresh pork and plantains. Got to run.

Quote:

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Originally Posted by Big Ben

Havashank in your side,

You got to stop with gotcha politics and cherry picking from paragraphs man, god you sound like a media tool bag. The call for .68 was when the stock was around mid eighties? No? That was obviously wrong! I stand corrected on that statement...hence the price went up not down...but did I say it was going from 1.25 to .68 hell no and I would not bet on it either. Picking out statements and adding them to something I have said in the past is assholery. The reason I felt the stock could run up to 1.25 was the increased volume in the premarket am session, 5 million shares traded that is a good bit. If the shorts were to run scared and cover early the stock could have moved even higher, hence my rush to get access to my account. The stock is up 4% today, some of my short positions move 7-10% in a day so no biggie. For what it is worth I shaved 5k at 1.14 and the stock is at 1.12 so was that a good move or a bad move, obviously it was the right call. This market from March to now has been the biggest and fastest re-inflation of a bubble I have ever seen at least in the past 11 years. ? for people investing in banks, where has all the bad debt from housing gone, lost recap of principle, not to mention future interest payments that are gone for ever. Know one knows and TARP did not fix it, TALF?, nope, where did it go? Banks are tight on lending and they are borrowing at close to 0, what happens when the fed starts raising rates? Profits are going to get squeezed, period. I would not touch BofA or Citi with a ten foot pole. You have to understand business can only fire people and cut cost to a point, tweaking your business model to get better numbers can only go on for a short period. Eventually you have to grow the top line to, increase sales, and that is not happening. Top line growth has been terrible and will continue to be. As for today yes the banks are leading today but why? I have said this in the past and I will say it again, housing is not fixed and might not be for 3-5 years. You home is not going to stop sinking as long as supply is at an all time high. It might take 2-3 years for your house to level off and 2-3 to start appreciating, that growth might be 1-2%, the days of 10-15-25% in a year are over, forever. I just had a conversation with an older gentleman, 65+, he lives in Atlanta and is the concrete business, he said the subterranean business (pre-concrete) are doing NOTHING. No growth, none! The only area in housing that is doing anything is high end custom homes, mid and low are dead. People going for loans on high end construction have no trouble getting financing because they are already extremely rich, they could purchase with cash if they wanted, thats not the case for 95% of Americans. The next couple of years with unenjoyment hovering at current levels is going to be bad, don't get it twisted. Don't be afraid of cash! Like Aurthur Laffer said, I will be happy to miss the upside just as to not experience the downside that is coming. Laffer, Pimpco crew and Whitney are some of the smartest investors in the market and they say to be cautious but when Big Ben says it ,he is clown. Time will tell. Good luck and god speed.

Big Ben

siri 50 million shares traded up 4% plenty of time to take this pig down. Speaking of pigs I am stopping on the side of the road and getting me a big ass skewer with fresh pork and plantains. Got to run.

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Ben,
I am not a "media tool bag" nor practicing "assholery". I am just keeping you honest and having a little back and forth fun.
You just said the other day that we should "watch and see" if we didnt think that SXM could go back down to .68. Isnt that correct? That is why i said you seemed to be doubling down on .68. and why i made the JOKE about you betting on $1.25 to .68. :D Own up to your comments. It aint cherry picking on my part. Glad you acknowledged you were wrong on your first .68 prediction.
If you want to talk about cherry picking--- didnt you say you also sold 5,000 shares at 1.06? I really am more than happy however if you are making money on all of your trades. i am sure you are equally happy that my buy and hold strategy on SXM has worked out well up to this point. Lol.

I do agree with you that the housing market isnt fixed by a long shot.

Ben,
I think the point here is that you have constantly over the last 10 months called for this pig to sink to the bottom or something close to that.

In the meantime, anyone who didn't listen to you and held shares for that time period is up around 400%. That is a great amount of profit for not doing anything but buying the stock and holding it.

You've called it dead money more times than I can remember and yet it's been a great profit maker and will continue to do so for anyone who holds long and strong with this company.

Many of the visitors to this board are new investors in both SIRI and the stock market overall. I've gotten many private messages from these folks who have asked what's Big Ben's game??? A few of them have listened to you and sold only to realize that they have lost money by taking that advice.

Maybe you're missing something since you've been working in the mortgage business for awhile. Most people buy and hold onto stock. Only a few daytrade. While the housing business was really bad for awhile, the rest of the economy has started to rebound.

Sirius didn't lose 20 or 30% of it's customers. In fact, lately they have added customers. Sirius is something that nobody needs. It's something that people buy because it makes them feel good. My point is that when the economy was falling, people still wanted to feel good and kept paying the bill for Sirius. Now that the economy is rebounding, we can expect even better growth in subscriber numbers.

This is not DEAD MONEY and in fact it has been a fantastic investment for many of us.

Yeah, Havakasha might be picking on you out of context. But, you have to admit it was dozens of times that you demonized this stock. And yet it has turned out very well for anyone who held long and strong.

I still say don't sell this stock. Two dollars is not a year away and it will be worth the wait!

Quote:

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Originally Posted by Big Ben

Havashank in your side,

You got to stop with gotcha politics and cherry picking from paragraphs man, god you sound like a media tool bag. The call for .68 was when the stock was around mid eighties? No? That was obviously wrong! I stand corrected on that statement...hence the price went up not down...but did I say it was going from 1.25 to .68 hell no and I would not bet on it either. Picking out statements and adding them to something I have said in the past is assholery. The reason I felt the stock could run up to 1.25 was the increased volume in the premarket am session, 5 million shares traded that is a good bit. If the shorts were to run scared and cover early the stock could have moved even higher, hence my rush to get access to my account. The stock is up 4% today, some of my short positions move 7-10% in a day so no biggie. For what it is worth I shaved 5k at 1.14 and the stock is at 1.12 so was that a good move or a bad move, obviously it was the right call. This market from March to now has been the biggest and fastest re-inflation of a bubble I have ever seen at least in the past 11 years. ? for people investing in banks, where has all the bad debt from housing gone, lost recap of principle, not to mention future interest payments that are gone for ever. Know one knows and TARP did not fix it, TALF?, nope, where did it go? Banks are tight on lending and they are borrowing at close to 0, what happens when the fed starts raising rates? Profits are going to get squeezed, period. I would not touch BofA or Citi with a ten foot pole. You have to understand business can only fire people and cut cost to a point, tweaking your business model to get better numbers can only go on for a short period. Eventually you have to grow the top line to, increase sales, and that is not happening. Top line growth has been terrible and will continue to be. As for today yes the banks are leading today but why? I have said this in the past and I will say it again, housing is not fixed and might not be for 3-5 years. You home is not going to stop sinking as long as supply is at an all time high. It might take 2-3 years for your house to level off and 2-3 to start appreciating, that growth might be 1-2%, the days of 10-15-25% in a year are over, forever. I just had a conversation with an older gentleman, 65+, he lives in Atlanta and is the concrete business, he said the subterranean business (pre-concrete) are doing NOTHING. No growth, none! The only area in housing that is doing anything is high end custom homes, mid and low are dead. People going for loans on high end construction have no trouble getting financing because they are already extremely rich, they could purchase with cash if they wanted, thats not the case for 95% of Americans. The next couple of years with unenjoyment hovering at current levels is going to be bad, don't get it twisted. Don't be afraid of cash! Like Aurthur Laffer said, I will be happy to miss the upside just as to not experience the downside that is coming. Laffer, Pimpco crew and Whitney are some of the smartest investors in the market and they say to be cautious but when Big Ben says it ,he is clown. Time will tell. Good luck and god speed.

Big Ben

siri 50 million shares traded up 4% plenty of time to take this pig down. Speaking of pigs I am stopping on the side of the road and getting me a big ass skewer with fresh pork and plantains. Got to run.

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The reason you buy and sell it to realize profits, paper gains mean nothing, it can all go away tomorrow, not cash though. I am heading to the casino right now and I am going to plunk down 10k shares of siri and see if they will spot me some chips, what do you think? As for you saying I have not gained anything on siri your all, nuts...here are my trades from FEb1 09-Feb 1-10

02/05/2009 09:37:29 Bought 5230 SIRI @ 0.1999 -1,055.47 ---
02/11/2009 09:36:17 Bought 7000 SIRI @ 0.0658 -470.59 ---
02/13/2009 10:53:54 Bought 10000 SIRI @ 0.097 -979.99 ---
02/13/2009 11:17:56 Sold 4129 SIRI @ 0.11 444.19 ---
02/13/2009 11:17:56 Sold 1200 SIRI @ 0.1101 132.11 ---
02/13/2009 11:17:56 Sold 1671 SIRI @ 0.1073 179.29 ---
02/13/2009 12:07:04 Bought 7988 SIRI @ 0.093 -752.87 ---
02/13/2009 12:07:04 Bought 12 SIRI @ 0.0925 -1.11 ---
02/17/2009 09:46:35 Sold 11000 SIRI @ 0.19 2,079.99 ---
02/17/2009 10:09:08 Bought 10000 SIRI @ 0.18 -1,809.99 ---
02/18/2009 11:26:42 Bought 1600 SIRI @ 0.16 -265.99 ---
03/04/2009 12:47:21 Sold 11600 SIRI @ 0.138 1,590.80 ---
03/05/2009 10:06:45 Bought 25000 SIRI @ 0.1325 -3,322.49 ---
03/06/2009 10:37:54 Bought 5000 SIRI @ 0.128 -649.99 ---
03/17/2009 10:24:51 Sold 10000 SIRI @ 0.25 2,489.49 ---
03/25/2009 09:41:37 Sold 10000 SIRI @ 0.38 3,789.98 ---
04/02/2009 15:32:23 Sold 20000 SIRI @ 0.36 7,189.96 ---
04/09/2009 12:24:12 Sold 10000 SIRI @ 0.349 3,479.92 ---
04/14/2009 14:29:15 Bought 40000 SIRI @ 0.3402 -13,619.19 ---
04/15/2009 15:39:06 Sold 30000 SIRI @ 0.3751 11,242.72 ---
04/16/2009 11:19:30 Sold 10000 SIRI @ 0.3995 3,984.90 ---
04/17/2009 09:03:56 Bought 5900 SIRI @ 0.4399 -2,605.40 ---
04/17/2009 09:03:56 Bought 4100 SIRI @ 0.4392 -1,800.72 ---
04/17/2009 09:45:59 Bought 20000 SIRI @ 0.4346 -8,701.99 ---
04/20/2009 09:53:27 Sold 10000 SIRI @ 0.59 5,889.85 ---
04/20/2009 13:19:55 Bought 10000 SIRI @ 0.5402 -5,411.99 ---
04/27/2009 14:52:35 Bought 7000 SIRI @ 0.4103 -2,882.09 ---
04/29/2009 10:23:08 Bought 8000 SIRI @ 0.3822 -3,067.59 ---
05/06/2009 12:37:47 Sold 10000 SIRI @ 0.5197 5,186.67 ---
05/19/2009 09:51:23 Bought 10000 SIRI @ 0.342 -3,429.99 ---
06/15/2009 10:28:52 Bought 5500 SIRI @ 0.3352 -1,853.59 ---
06/18/2009 09:39:09 Sold 15500 SIRI @ 0.4122 6,378.94 ---
06/25/2009 10:30:53 Sold 10000 SIRI @ 0.4195 4,184.90 ---
06/29/2009 10:03:49 Sold 15000 SIRI @ 0.42 6,289.84 ---
07/09/2009 10:01:00 Bought 10000 SIRI @ 0.3973 -3,982.99 ---
07/10/2009 09:59:22 Bought 9986 SIRI @ 0.3905 -3,909.52 ---
07/10/2009 09:59:22 Bought 14 SIRI @ 0.3902 -5.46 ---
07/27/2009 15:38:30 Sold 10000 SIRI @ 0.419 4,179.90 ---
08/03/2009 09:42:55 Sold 10000 SIRI @ 0.479 4,779.88 ---
08/04/2009 10:29:44 Sold 9000 SIRI @ 0.4959 4,452.99 ---
08/04/2009 10:56:43 Bought 10000 SIRI @ 0.51 -5,109.99 ---
08/05/2009 08:16:22 Bought 9000 SIRI @ 0.57 -5,139.99 ---
08/05/2009 09:44:35 Bought 10000 SIRI @ 0.5999 -6,008.99 ---
08/05/2009 09:55:21 Sold 10000 SIRI @ 0.59 5,889.85 ---
08/19/2009 12:41:07 Sold 10000 SIRI @ 0.6041 6,030.75 ---
08/20/2009 09:32:15 Sold 10000 SIRI @ 0.6207 6,196.85 ---
08/20/2009 09:53:07 Bought 15000 SIRI @ 0.654 -9,819.99 ---
08/21/2009 09:34:15 Sold 10000 SIRI @ 0.7696 7,685.71 ---
08/28/2009 10:19:02 Sold 5000 SIRI @ 0.7 3,489.92 ---
09/28/2009 13:56:19 Bought 5000 SIRI @ 0.5881 -2,950.49 ---
10/07/2009 14:51:40 Bought 2475 SIRI @ 0.5406 -1,347.98 ---
11/06/2009 12:31:37 Sold 5000 SIRI @ 0.6242 3,110.82 ---
01/12/2010 11:36:24 Sold 2475 SIRI @ 0.6725 1,654.52 ---
01/29/2010 09:56:40 Bought 2500 SIRI @ 0.87 -2,184.99 ---

Been here since the begining and scooped up a good bit of that 400% in cash. Tyvm. The only difference between me and most of you is I understand a balance sheet with 3.2 billion and Liberty getting 40% of the company on the cheap was not good for us. Many people still believe this is a lottery ticket, it may be a winning ticket thus far but the game is far from over, thats why we lock in profits over here.

Big Ben the proverbial BEAR, and the economy has not started to regain strength, silly rabbit, its government stim thats proping everything up, 2/3 of of the gdp was stim package, cars are not selling, homes are not selling, no one is hiring, were screwed plain and simple, like Ron Paul said we're in a financial mess right now.

We're hiring!

And unless the government is buying pool pumps and filters, then my business is going well.

I don't mean to be argumentitive, I'm bearish on the future of our Union as well. Bearish and pissed I should add.

Quote:

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Originally Posted by SiriuslyLong

We're hiring!

And unless the government is buying pool pumps and filters, then my business is going well.

I don't mean to be argumentitive, I'm bearish on the future of our Union as well. Bearish and pissed I should add.

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You just love to argue.....:)

Our sales are up and I'm pretty sure the government hasn't bought any candles from us. And I'm damn positive that I didn't get any stimulus or bailout money. And I'm very bullish on our Country and our People.:thumbsup:

Another GREAT close, up almost 2 cents today!!!

More bashing from The Street.

http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA

Quote:

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Originally Posted by Atypical

More bashing from The Street.

http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA

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hahaha

I don't think the Street.com has ever really liked SIRI. They remind me of the nuts at Motley Fool.

If any of us would have listened to these people just 4 months ago, we'd all be less wealthy today.

Quote:

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Originally Posted by candleman

You just love to argue.....:)

Our sales are up and I'm pretty sure the government hasn't bought any candles from us. And I'm damn positive that I didn't get any stimulus or bailout money. And I'm very bullish on our Country and our People.:thumbsup:

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Our government isn't buying pool pumps or candles, and that's good. My fear is that they're buying $600 toilet seats!!! The government isn't noted for efficiency. I'd much rather give this stimulus money to you and I though tax reductions. I can spend money just as well as Uncle Sam, and I know exactly what to spend it on (like new siding which is needed).

The close bummed me out, but another day > $1. All day we are up 3 or 4 cents. After market up 2 cents so that's good. I don't mind staying here for a while.