Thanks for the welcome.
I just had a lot on my chest.
I have Buy Limit orders ON SIRI at every half point below .11 til .08 at $500.00 per.
My Avg PPS is .2112 I am trying to get to .1375 without having to justify the funny debits to my wife. She'd flip if she knew the depth of our "commitment". Anyhoo I have no qualms if SIRI goes south. That would suck but risk is risk. We'd never get anywhere if there were no risk involved.
Also I never short a stock. Personally and for simple reasoning I consider shorting just a legalized form of theft. Many people have no problems with shorting a stock and I respect that point of view.
If I may.
Would you take a twenty from a blind man if he's buying a dollars worth of nails?
Every investor is "Blind" as we have very little insight to the motives of a Board of Dirs. We stockholders all expect to have a voice in the boardroom but the truth is we have very little control over the motivations of a Board of Dirs.
So when I see 100 SIRI common traded at .12 and knowing that such a small block can only be at a loss to the seller I can only conclude that the seller is trying to gain an advantage.
I wont go into a lesson on Market manipulation as the internet has a plethora of information on this topic but the market for SIRI has acquired a substantial number of people who seem to think that scraping profit from the downtick is preferable to profiting from the uptick of SIRI stock.
I'm all for profit.
I just sleep better knowing that I didn't contribute to the demise of a company.