ok whatever the shorts have alrweady made there money, i wouldnt short a stock at 12 cents would you? get out now and take ur gains or risk losing some of ur gains over the possibility it might go down 4 more cents
ok whatever the shorts have alrweady made there money, i wouldnt short a stock at 12 cents would you? get out now and take ur gains or risk losing some of ur gains over the possibility it might go down 4 more cents
Last edited by trippingthespeculatingpos; 12-24-2008 at 07:58 PM.
you couldnt find a better stock to short? with more meat on the bone? and ur quote is behind my edit
You couldn't be more right...there isn't enough volatility left in the SIRI stock worth the risk of shorting. I have noticed over the last two days that shorts are shutting down quite a bit, HOWEVER (sorry for the caps), let SIRI go up a few points and the bastards are back unless there is a serious approach of making the stock into something.
It is kind of like a hard hitting game from the bullies that pick on people. They have to be stood up to or they are not going away until they are bored. How do we do that? I honestly don't know how to shut down penny making shorters....any ideas? Maybe after a few get burned they will go away..the profit has to be extremely small and risky by shorting.
Ironically, dumb as this company has been managed (from what I can tell), it is the investors that have dragged SIRI into this low pricing....of course...by shorting....It is the Ying and the Yang....Karma that caused this. Panic in dropping stock made everybody want to bail and then the piranhas came in and are shorting till they eat the flesh off of the bones.
When there is nothing left to eat, they will feed elsewhere. I don't know what to do, except quit trading for a while with SIRI.
Personally, I am on HOLD...and ride it out.
WELL.. the nasdaq held up this week I was very worried with light volume and hanging on to the 1500 level someone would try to push it over the edge. but it is flat to up wich is good for the holidays.. I heard a good argument about end of year rally as nobody has to sell for taxes by end of year with no gains... we still need to start going over the 1550 level for a real shot to run on 1600+ ..
peace..
WAR STEELERS OVER BROWNS .. ME GETTING MY PLAYOFF TICKETS TODAY AND RETURNING MY CRAPPY TIE!!
.17 high of day!! hopefully it means something...
The Motley Fool just doesn't ever shut up about this stock...
http://www.fool.com/investing/genera...ock-moves.aspx
This Week's 5 Smartest Stock Moves
By Rick Aristotle Munarriz
December 26, 2008
"Prepaying the tolls
Sirius XM Radio (Nasdaq: SIRI) CEO Mel Karmazin is trying to convince Wall Street that the company can tackle its debt load of more than $3 billion, now that its model is aiming to generate positive free cash flow from 2009 onward.
It took a positive step this week, swapping equity for a small chunk of the Sirius convertible that is due in two months. The burden that was as large as $300 million several months ago is now down to $193.6 million."
Sirius XM has a long way to go. Moody's (NYSE: MCO) downgrading of the satellite radio provider's debt this week isn't going to help. However, it is taking steps in the right direction, no matter how far away the finish line may be."
woohoo were up 5% at .1239 so exciting