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Thread: Volumn

  1. #1
    Melted is offline
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    Volumn

    Can you wizards of the market explain why the volumn has dried up so much on this puppy. Whats going on here and does it mean anything?

  2. #2
    Siriusowner is offline
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    That is easy -
    No one is shorting it anymore.
    @ .10 there's not much incentive to do that.

    Now, who wants to buy an issue @ .10 ? Only the amateurs... institutions, hedge funds and pros stay out of it.

  3. #3
    Demian is offline
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    Quote Originally Posted by Siriusowner View Post
    That is easy -
    No one is shorting it anymore.
    @ .10 there's not much incentive to do that.

    Now, who wants to buy an issue @ .10 ? Only the amateurs... institutions, hedge funds and pros stay out of it.
    How do you know that "no one is shorting it anymore"? Do you have anything to back that up with or is that just another one of your assumptions that you pull out of your ass and pass off as fact?

    Look at the institutions with big positions of SIRI here.....

    http://www.mffais.com/siri.html

    Ameriprise Financial Inc Institution 174,858,091 shares

    Apollo Management Iv Lp Institution 91,857,857 shares

    Price T Rowe Associates Inc Institution 84,673,669 shares

    Oppenheimer Funds Inc Institution 83,658,086 shares

    Barclays Global Investors Uk Holdings Ltd Institution 82,359,262 shares

    Vanguard Group Inc Institution 81,317,278 shares

    Jennison Associates Llc Institution 61,931,684 shares

    Intrepid Capital Management Inc Institution 38,195,013 shares
    Last edited by Demian; 01-27-2009 at 04:11 PM.

  4. #4
    dread is offline
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    Quote Originally Posted by Melted View Post
    Can you wizards of the market explain why the volumn has dried up so much on this puppy. Whats going on here and does it mean anything?
    Its not just SIRI with low volume, only a handful of stocks each day have good volume.

    Every stock on my watch list has had low volume since the new year.

    My reason is the government, no one wants to invest right now when they can come in and change the rules anytime to suit there agenda.

    Like when the banks were all getting shorted to death, the government came in and changed the rules. No one wants to play a game they can't win right now.

    Until these clowns go away and let the free market correct itself, nothing will happen!!

  5. #5
    Siriusowner is offline
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    Quote Originally Posted by Demian View Post
    How do you know that "no one is shorting it anymore"? Do you have anything to back that up with or is that just another one of you assumptions that you pull out of your ass and pass off as fact?

    Look at the institutions with big positions of SIRI here.....

    http://www.mffais.com/siri.html

    Ameriprise Financial Inc Institution 174,858,091 shares

    Apollo Management Iv Lp Institution 91,857,857 shares

    Price T Rowe Associates Inc Institution 84,673,669 shares

    Oppenheimer Funds Inc Institution 83,658,086 shares

    Barclays Global Investors Uk Holdings Ltd Institution 82,359,262 shares

    Vanguard Group Inc Institution 81,317,278 shares

    Jennison Associates Llc Institution 61,931,684 shares

    Intrepid Capital Management Inc Institution 38,195,013 shares

    You continue relying on these out of date data uh ?

    I am not shorting it anymore. It is time to cover, you wanna sell your shares ? I'll give you .10 for each.
    Last edited by Siriusowner; 01-27-2009 at 03:13 PM.

  6. #6
    Demian is offline
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    Quote Originally Posted by Siriusowner View Post
    You continue relying on these out of date data uh ?

    I am not shorting it anymore. It is time to cover, you wanna sell your shares ? I'll give you .10 for each.
    Why would I sell my shares to you for less than what they are trading for in the open market?

  7. #7
    Siriusowner is offline
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    Quote Originally Posted by Demian View Post
    Why would I sell my shares to you for less than what they are trading for in the open market?
    I made you an offer. It WAS up to you if you wanted to take it.
    Last edited by Siriusowner; 01-27-2009 at 05:26 PM.

  8. #8
    winagain35 is offline
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    Quote Originally Posted by Siriusowner View Post
    You continue relying on these out of date data uh ?

    I am not shorting it anymore. It is time to cover, you wanna sell your shares ? I'll give you .10 for each.
    Siriusowner - are you claiming to have shorted SIRI? If so - when and at what price? There are VERY few retail investors who are able to short penny stocks, so I'm a bit dubious of this claim. I recall you saying once that you had a small long holding - about 4,000 shares.

  9. #9
    Siriusowner is offline
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    Quote Originally Posted by winagain35 View Post
    Siriusowner - are you claiming to have shorted SIRI? If so - when and at what price? There are VERY few retail investors who are able to short penny stocks, so I'm a bit dubious of this claim. I recall you saying once that you had a small long holding - about 4,000 shares.
    I do have 3200 shares from the XM Radio days but that does not mean that I did not short SIRI also before the merger. Short the buyer, buy the seller, remember ? I just did not tell Demian because he was always asking the wrong question. I wish I had shorted it @ $3.5 but I am glad I did @ $2.57. I Shorted 6354 shares. I covered just today.

    ps: I did buy 1000 shares of SIRI not so long ago @ .13 just to average the price below .50 (S&P target for the year).
    Last edited by Siriusowner; 01-27-2009 at 05:23 PM.

  10. #10
    trippingthespeculatingpos is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    i just have to fix this its driving me nuts, it's VOLUME not volumn

  11. Ad Fairy Senior Member
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