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Thread: Sirius XM Warrants?

  1. #1
    stang3O2 is offline
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    Sirius XM Warrants?

    can someone educate me on the warrents, I really dont know much about them but I saw they are up HUGE over the past couple weeks. On Dec 26 they were 2.88 and today they were 125.00 I know there is very little volume on them but it must mean something

    http://finance.yahoo.com/echarts?s=S...urce=undefined

  2. #2
    Demian is offline
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    I have been following that too and saw that today.......

    Homer, where are you?

    SIRIUS XM RADIO WT09(OTC BB: SIRIZ.OB)

    They were up 400% today....

  3. #3
    Siriusowner is offline
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    warrent ? What's a warrent ? A warrent for your arrest ? oh, I see, you meant a warrant... LOL.

    I believe they have expiration like options and are basically attached to the bonds right ? Although they can be stripped.
    Don't they have some bonds due next month ?
    It honestly beats me why they are up.
    Damn this crap is sometimes too complicated.

  4. #4
    stang3O2 is offline
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    these are up over 200% today as well

    http://finance.yahoo.com/q?s=SIRIw.OB

  5. #5
    mcmaverick is offline
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  6. #6
    trippingthespeculatingpos is offline
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    I dont know but from what i read the stock price going up will raise the warrant price, but will the warrant price going up raise the stock price? let's hope so

  7. #7
    billhart22 is offline
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    go to investorpedia.com

    Quote Originally Posted by trippingthespeculatingpos View Post
    I dont know but from what i read the stock price going up will raise the warrant price, but will the warrant price going up raise the stock price? let's hope so
    Think I got the website right.....there are tons of circumstances and warrants. Basically, a warrant is a bought option on risk, in other words, you pay (at a low cost) that a stock sill do xxx.000 percent by a certain date. If you win, you get paid large and have options....it is complex, so check out the options.

    Warrants pay more, if right....so for people that are investing into a company, especially to overcome debt, they will take warrants instead of stock.

    There are so many variables with warrants, that it is not worth discussing without education.

    In 1970, my broker said, don't buy American Airlines , because the diff is too big, he said put a warrant on it and if it goes up in 3 months that I will win. I did and it won! I made megabucks

    I don't know enough about warrants, because I am not an Options trader, but what is good is good.

    There are at least 9 different kinds, so if you are really that spiffy, then go for them...but not on my advice.

  8. #8
    Demian is offline
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    Well, it was fun while it lasted....

    Those warrants are down 97.59% today.....should of sold yesterday I guess.

    SIRIUS XM RADIO WT09(OTC BB: SIRIZ.OB)
    Last Trade: 3.01
    Trade Time: 10:35AM ET
    Change: 121.99 (97.59%)
    Prev Close: 125.00
    Open: 3.01
    Bid: 3.02 x 500


    http://finance.yahoo.com/q?s=SIRIZ.OB

  9. #9
    stang3O2 is offline
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    Back down today

    edit. you beat me to it

  10. #10
    trippingthespeculatingpos is offline
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    man i need to stop watching these stocks day by day its killing me, specially days like today :O

  11. Ad Fairy Senior Member
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