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Thread: Knowing Mel...

  1. #1
    sxminvestor is offline

    Knowing Mel...

    I have a sneaky suspician that he might be buying about 5 - 10 million shares on the open market very soon.

    His last buy was at 1.38 and he has bought as high as over $ 5.00, so he likely wants to average down big himself and also show the confidence that he believes himself.

    Look for this by the end of April, before the 1Q CC.

  2. #2
    Newman is offline
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    Newman's Avatar
    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    Sorry to disappoint you sxm, but he is not allowed to buy right now. The Q1 ends in less than 3 weeks, which is a blackout period for purchases/sells by insiders.

    Edit: Having said that, I do expect him to start picking up shares in May, once he is no longer blocked.

  3. #3
    relmor2003 is offline
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    relmor2003's Avatar
    Joined: Oct 2008 Posts: 1,937
    Quote Originally Posted by Newman View Post
    Sorry to disappoint you sxm, but he is not allowed to buy right now. The Q1 ends in less than 3 weeks, which is a blackout period for purchases/sells by insiders.

    Edit: Having said that, I do expect him to start picking up shares in May, once he is no longer blocked.
    I agree.. Look for Mels next purchase as soon as he is able. Couldnt agree more.

  4. #4
    sxminvestor is offline
    Quote Originally Posted by Newman View Post
    Sorry to disappoint you sxm, but he is not allowed to buy right now. The Q1 ends in less than 3 weeks, which is a blackout period for purchases/sells by insiders.

    Edit: Having said that, I do expect him to start picking up shares in May, once he is no longer blocked.
    Your not disappointing me.

    I feel he will buy in the next month or so, whenever he is allowed and I would not want to be on the sidelines waiting for a drop down to .15 that may never ever come again.

  5. #5
    SiriusBuzz is offline
    Head Honcho
    SiriusBuzz's Avatar
    Joined: May 2007 Posts: 2,497
    I hope he doesn't. I would rather see him buried in his $5 per share price then to see him break even with a substantial purchase at $.15. That asshole should work his ass off until the pps is $5 once again. Purchasing more shares at .15 will not impress me one bit... you want to impress me Mel? Sit their and think about your 90% loss in SIRI.
    Charles LaRocca
    SiriusBuzz Founder

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