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Thread: Perception

  1. #1
    Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922

    Perception

    120 million shares were returned to the market makers between Friday and yesterday. Today alone, in one hour only, 30 million shares were sold.

    What triggered the selloff ? ... Perception. With the state of the economy, no one thinks Sirius can get its debt refinanced. Everyone thinks they will further dilute the stockholders equity.

    The good news ? Silence from the company. It looks to me that if they talk, only bad news will come out.

  2. #2
    Demian is offline
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    Quote Originally Posted by Siriusowner View Post
    Today alone, in one hour only, 30 million shares were sold.
    .
    I think you mean that today alone, in one hour only, 30 million shares were BOUGHT and sold......

  3. #3
    Demian is offline
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    Quote Originally Posted by Siriusowner View Post
    ...no one thinks Sirius can get its debt refinanced.
    That is an incorrect statement, because I think they can. Get your facts straight first before making blanket statements like that.
    Last edited by Demian; 11-19-2008 at 01:07 PM.

  4. #4
    Siriusowner is offline
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    Ok, ok, ok. Only 80% were sold

  5. Ad Fairy Senior Member

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