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Thread: Why the big volume? Maybee...

  1. #11
    Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    The other thing I can think of is that a near term reversal may be at hand BUT volume needs to be confirmed. If the stock continues trading at these levels next week then this may indicate a bottom.
    Last edited by Siriusowner; 11-26-2008 at 10:22 AM.

  2. #12
    jmm232 is offline
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    Joined: Apr 2008 Posts: 206
    Quote Originally Posted by Siriusowner View Post
    A change in volume with no news is suspicious.

    Maybe insider activity ? 100 million shares at .15 are worth "only" 1.5 million. For guys like the CEO this is pocket change...
    100,000,000 x .15 = $15,000,000

  3. #13
    SiriusXMInvestor is offline
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    Joined: Aug 2008 Posts: 227
    Here is another question to ponder while you are digesting your Thanksgiving Meal....If Mel liked Sirius @ $1.37, why isn't he loving it at .14? He can double down for a few hundred thousand bucks. Why hasn't he? And why hasn't any insiders bought at these levels? Think about it. Think about it long and hard. Then think about Hartleib's claim. Then put it all together and wake-the-phuck-up.

  4. #14
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    Part of the issue may be the silent period surrounding any quarterly cc or any material news announcement, but yes insiders should be buying at this level... But can they? Any buy followed by a financing announcement could be considered suspect.

  5. #15
    Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    Quote Originally Posted by jmm232 View Post
    100,000,000 x .15 = $15,000,000
    I did the math in a hurry, still 15 mil is not much. Isn't that the investors equity in the balance sheet ?

  6. #16
    imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    Good point, i had wondered why mel or others wouldnt buy now...but it would be suspicious and who wants to make a billion dollars right before going to jail and then losing it all in fines?? so, ill sit here and think mel knew then, at 1.37 that it was headed down and out of his control until he completed merger work and the stock works its way back up and passed his avg. (i hope)

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