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  1. Demian is offline
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    02-27-2009, 05:08 PM #211
    Quote Originally Posted by Demian View Post
    SIRI just hit .14 again. If it can break .14, I think SIRI tries for .15 today....
    SIRI closed up 23.08% @ .16 on volume of about 62 million with the market bloody red......
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  2. trippingthespeculatingpos is offline
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    02-27-2009, 05:11 PM #212
    something is up with that 20 million at the close, wonder if that was some1 covering or what.
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  3. Keysmark is offline
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    02-27-2009, 05:12 PM #213
    Quote Originally Posted by Demian View Post
    SIRI closed up 23.08% @ .16 on volume of about 62 million with the market bloody red......
    So how many up days at 3% per day does that represent?
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  4. Gallep is offline
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    02-27-2009, 05:14 PM #214
    Quote Originally Posted by trippingthespeculatingpos View Post
    wonder if that was some1 covering or what.

    Sorry I'm new to trading, what does that mean?
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  5. trippingthespeculatingpos is offline
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    02-27-2009, 05:16 PM #215
    covering is the last transaction some1 makes when they short a stock.

    http://beginnersinvest.about.com/cs/.../a/022703a.htm
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  6. stang3O2 is offline
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    02-27-2009, 05:17 PM #216
    that means somebody has bought shares to get out of their short position
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  7. trippingthespeculatingpos is offline
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    02-27-2009, 05:22 PM #217
    .155 ah looking good, i think we may get that s&p upgrade and possibly an announcement that more debt has been taken care of.
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  8. fish9483 is offline
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    02-27-2009, 05:23 PM #218
    Feb 25, 2009 (M2 PRESSWIRE via COMTEX) -- SIRI | Quote | Chart | News | PowerRating -- SIRIUS (NASDAQ: SIRI), just announced SIRIUS Satellite Radio Canada and Live Nation Canada Sign Exclusive Partnership.
    A dedicated Chat Room for SIRIUS, has been created at STOCKWIRE.com to discuss this news event.

    Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat
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  9. winagain35 is offline
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    02-27-2009, 05:23 PM #219

    My Guess

    My guess is one of the really active market makers... like NITE had a bunch of open short positions and wanted to close them out before Monday in case the company decides to announce Q4 Monday morning(unlikely) or there's the anticipation of some other good news. No matter what the cause it's a nice way to end the week!
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  10. GTSViper is offline
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    02-27-2009, 05:24 PM #220
    I think I say 10,800,000 shares bought at .16 in a short period of seconds.
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