Originally Posted by bananaz
What I saw was early this AM when that dope Triche of the EU said some very raunchy things about the future.
He started the downturn in the futures before the markets opened.
SIRIUS XM SATELLITE RADIO FORUM
What I saw was early this AM when that dope Triche of the EU said some very raunchy things about the future.
He started the downturn in the futures before the markets opened.
I think it will actually be the $250M debt that matures in May 2010. It is only 13 months away. That will be enough catalyst, and slanderous analyst reports, to keep the SP at .20 or lower the rest of the year, until the 50:1 R/S. I'm now believing JC was right announcing the stock was worthless. I'm still in at 55602 but not any hope left. You guys here are way to upbeat after continually being pounded time after time when good news goes nowhere. There is just something happening in the background that we don't see or understand.
I think it's easy enough to understand that investors are unable to come to a conclusion regarding the value both present and future of this company with such a dangerous capital structure.
Some even think the 3G rollout will replace sat with internet, to which I believe to be pure bunk.
Keeping all this in mind, and some 70% plus thinking Gold will go up, and 30+% seeing a depression, we have a company with a problem.
Eventually, this company is going to perform, and with BK off the table beyond 2010 as a result of Malone's investment and now skin in the game,I think the stock will respond sooner and not later.
Those burnt by this low SP will not come back until they are sure, absolutely sure that the trajectory is North. Those of us who have averaged down, have a choice. We can wait or we can unload to the MM's who are eager it seems to buy it up.
As long as they are buying,I won't be selling. That is how I see it near term.
Looking foward to the guidance!
I dont think institutions or big money is confused by this. Hence the 1 billion shares that were traded one week in February. Thats enough to turn over almost the entire float at the time, factoring in the week prior and after. We could have seen with the bk scare, sell order triggers hit, etc... More than 50% of the float change hands from retail owners to institutions, hedge funds, etc.. Even large long term bagholders panicking, and if nothing else trimming exposure, or taking gains off the table too early(buying lots at .07 cents and selling at .14 cents, etc...) but your right, action today and friday closed proved that the heavy retail interest in the stock has been beaten out of the most resilent hands, and wont return till AFTER the quarter numbers. Not going to burned again, they are saying, Ill wait. MIght be too late by then. Might be a huge reevaluation by the MM's after the numbers, and guidance for 09 is given. We dont know. What will an s&p credit upgrade do, etc... New revenue stream announcements(iphone app, etc...)
It will be interesting. I think the retail investor listened to too many WSJ articles and are going to be kickign themselves very soon.
It will be interesting. I think the retail investor listened to too many WSJ articles and are going to be kickign themselves very soon.(by Relmore)
There is little or no difference between the stock market and LasVegas. I still see SIRI like a machine that has been played out and not yet payed off.
That's how I play both Vegas and Wallstreet.
Opie & Anthony just got fired from KRock - NY. They're now exclusively on SiriusXM. http://twitter.com/OpieRadio/status/1301871529
FYI....Not much happened AH...Demian what's your read on this, especially the 205,400 trade?
After Hours Trade Reporting
Pre-Market Charts | After Hours Charts After Hours
Last: $ .145 After Hours
High: $ .1495
After Hours
Volume: 255,780 After Hours
Low: $ .1431
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
19:58 $ .145 1,000
19:01 $ .148 300
18:59 $ .148 1,238
18:19 $ .148 6,000
18:12 $ .148 15,000
18:03 $ .148 1,000
17:52 $ .144 500
17:52 $ .144 500
17:49 $ .148 1,920
17:49 $ .1489 1,180
17:46 $ .1431 400
17:42 $ .148 100
17:22 $ .148 3,000
17:16 $ .148 180
17:05 $ .148 100
16:54 $ .148 1,400
16:33 $ .1495 8,281
16:28 $ .1495 8,281
16:04 $ .1451 205,400
Not a big fan of theirs (Howard or bust....) but this could certainly help add a few subs.....
So let me get this straight. You bought 100 shares of SIRI for 14.30, and paid 9.99 in commission? Then seem very excited about having saved .70, by taking the stock down below its bid? OK.
You do realize that just to break even on that trade, the stock has to run up to .3428, after you factor in the 9.99 required to sell? Am I missing something here?
Mel needs to put on a very confident show with no verbal or body language mistakes. my hope is that one of the main reasons Liberty financed the debt is that they know the numbers and they are good. of course, if the company cant make it over the next year then Liberty gets all of the assets. the loan is at 15% so Liberty really cant loose either way.
stock will go not move in either direction until the Q results are announced. so we sit and wait.
short interest will be announced late next week. last two weeks of Feb saw a huge reduction as shorters see no gain in shorting the stock. lets hope the short sales to be announced will also show a shart decline.
Reply With Quote