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Thread: Daily Market Watch - Week of 2/9/09

  1. #111
    billhart22 is offline
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    Quote Originally Posted by trippingthespeculatingpos View Post
    i know the service will stay there, the question is will the common shareholders stay as well? Damn how long do we have to wait for somebody to tip their hand or something, lack of news from siri has people thinking its true which whether or not it is true its hurting business right now and why would siri sit back and let business get hurt when they could easily issue a 1 paragraph statement to clear things up. Dont worry im not giving up just venting concerns :/
    Well, what they are saying on FOX Business News is that Mel is going through this pre bk business with his attorneys. He is trying to force Ergen's hand into a better deal. With that in mind, I wouldn't expect a single word from Mel.

    Ergen, they report, is trying to take control of SIRI and Mel wants all he can get. That is the essence....there are still 7 days before anything has to happen so don't get too anxious, because you will just work yourself up with unnecessary stress and you will end up driving yourself crazy.

  2. #112
    billhart22 is offline
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    Quote Originally Posted by ray View Post
    yesterday a big some of siri was picked up,I need to join mffias to be able to share the link and would rather buy 500 siri shares
    Who was it picked up by and how much?

  3. #113
    trippingthespeculatingpos is offline
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    wel mel told sal on the show today that the bk rumor did not come from them. unless mel or sal is lying then that measn mel did not put this out there as a strategy against ergen

  4. #114
    Newman is offline
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    I thought about that...

    Echostar/Dish does not have enough money to BUY Sirus. Sure, it could be an all stock deal, but Echo/Dish still has to pick up the debt, which it cannot afford to do unless Ergen is paying out of pocket. No plus for Sirius here. The only way that this could help SIRIUS is if the banks decide to defer the debt based on the potential for loosing a large portion of their investment.

    ERGEN on the other hand, does have something to gain. Common stock plummets, and theoretically so do the bonds. Ergen could get more of the debt on the cheap this way or even the common, as well as potentially work deals with the banks to get debt at a discount.

    I think Ergen has more to gain from the BK leak than Sirius...

  5. #115
    ray is offline
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    Quote Originally Posted by billhart22 View Post
    Who was it picked up by and how much?
    there were a total of 8 companies that either increased or bought new shares
    the largest increase was by Bank of newyork mellon corpfor 7,269,279

  6. #116
    ray is offline
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    sorry about the delay I got caught up in a vermont teddy bear love bandit commercial while I was sitting here in my snuggli
    but siriusly I am thinking about another 100000 of siri

  7. #117
    trippingthespeculatingpos is offline
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    i guess lvlt going up in the morning wasjust a headfake, could still be set to top as it acts crazy before it does, still could see it drop to .70's first.

  8. #118
    billhart22 is offline
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    Quote Originally Posted by ray View Post
    sorry about the delay I got caught up in a vermont teddy bear love bandit commercial while I was sitting here in my snuggli
    but siriusly I am thinking about another 100000 of siri
    Ya, that commercial with the family at the football game sitting in a crowd with their snugglies on.....looks like Rash Naish cult members.

    100000 more, eh? You have a lot of information that you have been researching...so you know better than I.

    You are a brave man! I am a wimp on this issue. Apparently you see a lot of mutual funds investing in SIRI. Beats the hell out of me.....I just can't justify it in my mind. Good thing my account is empty right now. That way I can have a cooling off period.

    I missed my AIB sale by 2 cents today.......drats...maybe tomorrow.

  9. #119
    billhart22 is offline
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    Quote Originally Posted by trippingthespeculatingpos View Post
    i guess lvlt going up in the morning wasjust a headfake, could still be set to top as it acts crazy before it does, still could see it drop to .70's first.
    Ya, I was watching that and it seemed like it was starting on its way. I bet Tony got all excited there for a while. It just doesn't make sense to me why it just hangs there in the high .9x's. You would think that it be dropping, but it has sat there for weeks now.

  10. #120
    ray is offline
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    the teddy com should be followed by a viagra com
    nobody can say what is on mels mind
    the important thing to me is the fund holders are not selling off
    tripping have you checked the bonds today?

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