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I agree!!

EDIT: About the margin account and the removal of the shackles.....I do trade in margin.

Makes sense IMR24. Thats why I put short term in quotes. For me, short term is anywhere from a few minutes to a few days.

Come on IMR24. You can't be serious. You should have bought at 3.10 ish and sold today at 3.22 to 3.25. That "short term" call is over. Now with a soft market, sure we are red today. The CC will...

If we happen to get taken down on this "short term" EDIT - after this nice "short term" POP we had - it will be a nice buying op to add to my positon.

One more thing on the converts. It has been assumed that many of those bond holders hedged with short positions. They will cover those shorts upon conversion. That will add buying pressure.

Morining all!

Good to see SIRI up in PM. Maybe a test of 3.30 is in the cards before the CC.

@IMR24

The market should react positively to the removal of the toxic debt. This marks the end...