Page 1 of 4 123 ... LastLast
Results 1 to 10 of 36

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

  1. #1
    Demian is offline
    Mentor
    Demian's Avatar
    Joined: Oct 2008 Posts: 2,320

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

    SIRI closed at .116 today...

    Your thoughts?

  2. #2
    trippingthespeculatingpos is offline
    Guru
    trippingthespeculatingpos's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    speechless

  3. #3
    Demian is offline
    Mentor
    Demian's Avatar
    Joined: Oct 2008 Posts: 2,320
    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....

  4. #4
    trippingthespeculatingpos is offline
    Guru
    trippingthespeculatingpos's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    yep, today is opposite day

  5. #5
    Demian is offline
    Mentor
    Demian's Avatar
    Joined: Oct 2008 Posts: 2,320
    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

  6. #6
    SteveSirius is offline
    Enthusiast
    SteveSirius's Avatar
    Joined: Jul 2008 Posts: 136
    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?

  7. #7
    sxminvestor is offline
    Quote Originally Posted by Demian View Post
    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
    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.

  8. #8
    m4svt is offline
    Enthusiast
    m4svt's Avatar
    Joined: Sep 2007 Posts: 151
    i will buy more. this stock is an addiction.

  9. #9
    SteveSirius is offline
    Enthusiast
    SteveSirius's Avatar
    Joined: Jul 2008 Posts: 136
    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).

  10. #10
    Hughes is offline
    Enthusiast
    Hughes's Avatar
    Joined: Mar 2008 Posts: 168
    Quote Originally Posted by m4svt View Post
    i will buy more. this stock is an addiction.
    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?
    Last edited by Hughes; 12-19-2008 at 05:57 PM.

  11. Ad Fairy Senior Member
Page 1 of 4 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •