SIRI closed at .116 today...
Your thoughts?
SIRI closed at .116 today...
Your thoughts?
speechless
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....
yep, today is opposite day
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
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?
i will buy more. this stock is an addiction.
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).
Last edited by Hughes; 12-19-2008 at 05:57 PM.