SIRI Intraday Thread: Friday March 20th / Weekend Edition

**Brandon Matthews** · 03-20-2009, 09:15 AM

I've got about 10 minutes before my private tour of Sirius XM HQ's.

About that sudden drop yesterday, my opinion on the matter is as follows:

There was a certain SEC filing issued by the company recently that gave notice that certain stockholders would sell from time to time. These types of drops are usually indicative of such transactions as a large number of shares are offered for sale all at once.

I saw a reference that 1 person had been responsible for that drop. More likely than not, this is what occurred.

**trippingthespeculatingpos** · 03-20-2009, 09:17 AM

maybe it was that lady who is leaving i forget her name, that makes sense, i dunno brandon that was weird so some1 sold a bunch at market and that made it dreop from .40 to .22? its just all too hard to believe, also if u look the whole market tanked with siri at that time, look at the charts

**GTSViper** · 03-20-2009, 09:18 AM

MM's are putting in tons of 100 share asks. Pushing the price down. MM"S are MFer's.

**GTSViper** · 03-20-2009, 09:21 AM

Originally Posted by GTSViper

MM's are putting in tons of 100 share asks. Pushing the price down. MM"S are MFer's.

It would not surprise me if some poor bastard goes postal one day and goes into one of these firms and takes out several. We live in a crazy world these days.

**RickF** · 03-20-2009, 09:21 AM

Originally Posted by trippingthespeculatingpos

hey rick im hoping .30 is the new floor but yeah .20's look like more of a possibility now, i was hoping it would be a quicker correction to a pre bk price but blah its gonna take longer than i hoped

Good Morning Tripp

I really didn't want to see it retrace to the 20's either but - lemonade out of lemons - i will be buying more - it may very well be my last chance to 1. ave down (.40 now) & 2. Pick up shares at what will be an amazing price!!!

Up Up and away!!!

Stay positive and keep Smilin!!

**mogami** · 03-20-2009, 09:23 AM

Hi, The one person mentioned was the MM from IENG (or something like that) who kept sticking BS trades before trades that would have caused SP to increase.

**trippingthespeculatingpos** · 03-20-2009, 09:26 AM

yeah for sure for u it would be smart to buy more but it would still be over my avg i just cant bring my self to buy shares over .14 heh but yeah i would be thinking the same in your position most likely.

**trippingthespeculatingpos** · 03-20-2009, 09:35 AM

did we finnaly hit a floor at .25?

**GTSViper** · 03-20-2009, 09:36 AM

Man. What manipulation. I bet they are pissed that they did not get that 3.2m share buy in at .25.

**GTSViper** · 03-20-2009, 09:37 AM

That is the exaxt reason that you NEVEAR have stop loss on this stock!

SIRI Intraday Thread: Friday March 20th / Weekend Edition

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