SIRI Intraday Updates for the Week of 3/16/09

[relmor2003]

It seems to me that a number of people on this board were able to predict the rise of Sirius. Why not MF???

Tuesday's Biggest Stock Stars

"There's a reason why I selected those notable gainers, as opposed to other winners making noise on Tuesday, like low-ranked Sirius XM (Nasdaq: SIRI). Stocks go up all the time, but unless you were able to predict the pop, what does it matter?"

Please dont even click on their site. You just made them money.

[SiriusHope]

Motley was to busy predicting it's demise

his name says it all..motley FOOL

[Paratrooper_Rick]

This is the reason I think we go much higher before the close. These orders have been there all day. The MM's keep throwing up those .4000 orders. They are accumulating shares at .40 which they will then use to fill those orders you referenced.

brandon - if I'm following you - all the buys they are doing at .40 will be used to sell at each tier they've established..... so in a way - they are actually showing us the yellow-brick road... up through .44.....

[asm610]

But for them to set those prices.....they already have orders at a higher pricethan they are setting, so they are just trying to accumulate shares from us to flip on profit...or am I missing something.

[Brandon Matthews]

brandon - if I'm following you - all the buys they are doing at .40 will be used to sell at each tier they've established..... so in a way - they are actually showing us the yellow-brick road... up through .44.....

For those that aren't following, let me try to explain. These are not straight buy/sell orders. Matched orders such as market orders are automatic in a sense. These limit orders are a little different.

If I sell at a set price it is the MM who buys the stock for a fee, and then sells the stock for a fee to another buyer. This is how they make a market in a stock. They have to have a certain amount of shares in their own inventory, so they just cant go out and sell their allotments. They have to accumulate to fill outstanding sell orders.

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

[FoolNHisMoney]

his name says it all..motley FOOL

Man, I need to change my ID!

[asm610]

For those that aren't following, let me try to explain. These are not straight buy/sell orders. Matched orders such as market orders are automatic in a sense. These limit orders are a little different.

If I sell at a set price it is the MM who buys the stock for a fee, and then sells the stock for a fee to another buyer. This is how they make a market in a stock. They have to have a certain amount of shares in their own inventory, so they just cant go out and sell their allotments. They have to accumulate to fill outstanding sell orders.

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

Thanks Brandon...you are much more articulate than I am! BTW....doing a great job with recent articles!

[Lithium24]

Top Sell Order 100 @ 3995
Top Buy Order 200 @ 3994
...

[Paratrooper_Rick]

For those that aren't following, let me try to explain. These are not straight buy/sell orders. Matched orders such as market orders are automatic in a sense. These limit orders are a little different.

If I sell at a set price it is the MM who buys the stock for a fee, and then sells the stock for a fee to another buyer. This is how they make a market in a stock. They have to have a certain amount of shares in their own inventory, so they just cant go out and sell their allotments. They have to accumulate to fill outstanding sell orders.

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

Thanks for the more detailed information...... I'm sure everyone appreciates the insight...

[stang3O2]

Thanks Brandon, its good havin' you in here!