Well................... thought I might be able to sell some siri at around .399 AH, and some FNM at around .749 AH but................ I can see it is not to be today. Oh well there's always lucky friday. Will throw the dice again tomorrow. killer.
Hi Everyone,
I have been reading the threads for awhile now and decided to jump in the mix. I think this is a great website and since I am long in Sirius it is a valuable tool to make myself feel better when the stock gets hammered.
Hat's off to all those who believe Sirius will shine.
Originally Posted by audiciter
Exactly! The market will determine if this is true or not. If they report a big loss in subs, then perhaps it's true......recession causing people to cancel and otherwise interested potential subs not spending the $ to subscribe. But, as the economy starts to emerge, which it is, I bet there's more chance for subscriber growth to get the great SIRI content.
This is hilarious...what a dweeeb!
Welcome to Siri group hell. Glad you decided to join us rather than spend eternity there alone!Hi Everyone,
I have been reading the threads for awhile now and decided to jump in the mix. I think this is a great website and since I am long in Sirius it is a valuable tool to make myself feel better when the stock gets hammered.
Hat's off to all those who believe Sirius will shine.
Yes, I agree John. I trade other spec stocks. Look at the chart of SYNM from 3 months to now. That is why I never sold a share of that stock until it hit my target sell prices. You see how jerky it is. And then, all of a sudden off no news, it explodes. It was very unchartable for the short term, but if you see what even that chart was doing, you can see a pattern within the manipulation. It tends to track oil prices but it lags them. When I discovered the metrics on how SYNM was trading, I felt I had won the battle. Wait for oil to explode up(done), wait... wait for it.... wait... Then bam. Boom boom boom goes the dynamite. Made a 1 bagger of my low shares, and a profit on all shares bought now. But I did find charting it helpful anyway. That stock is more of a spec play, as its not fully operational, and its low volume. Sirius with its higher volume, and now trading AWAY from BK, it is a tad more predictible now, but still must be treated as a stock that can go south quickly. I will reinstate ideals we have discussed months ago. I think a few people might be getting a little too risky with DOLLAR AMOUNTS on this stock. When I say Im holding a full position, I mean the full amount im willing to risk on a spec stock. GM is a spec stock someone mentioned in a way now. This is true. Usually you dont think of long standing traditional companies that way, but this market has given us scenarios never seen before so.... I guess any stock(worthless paper in the grand scheme of things) is risky.
If you see by my other listed holdings, what I think of traditional companies with the balance of my portfolio. I am basically simply tracking gold, grains, and natural gas prices. A lot less risky to me than holding GE, or MSFT, or GOOG right now.
Last edited by relmor2003; 04-02-2009 at 05:24 PM.
Relmor. I had a position in synm a while ago. I did ok but I got very lucky. Be careful with that one.
They have a large shelf offering filed and every so often they use part of it. It seems to be their source of revenue right now. I love the concept, and they are always on my radar, but that damn shelf sits there taunting me.
In fact, it turns out they just filed another one a few weeks ago...
Last edited by Brandon Matthews; 04-02-2009 at 05:31 PM.
Underway, I know that the article seems that way on the surface but he has been bashing sirius for a while. Here is his article from Feb 11th. Does this sould objective?
Sirius investors: You get what you deserve
Today's Financial News - Posted February 11, 2009
All betting is closed. The news is out and Sirius XM Satellite (NASDAQ:SIRI) shareholders are losing big. Shares of the shaky-at-best company are getting closer and closer to becoming worthless. Bankruptcy is now in sight. Who could have imagined?
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): Oh my, shares of Sirius XM Satellite (NASDAQ:SIRI) are plunging today on news of a possible bankruptcy filing. Who would have ever been smart enough to foresee such a horrible event coming? The company only had a billion dollars in debt due over the next year. That’s nothing compared to the banks.
Uncle Sam could easily step in and erase a few of those zeroes, right?
Putting all sarcasm aside, I do not feel even the slightest bit sorry for investors wasting their money on this company. Analysts and experts have been screaming for months it was a dangerous crap shoot that would cost investors dearly, yet wildcat investors continued to aim for the fences.
It looks like they are about to strike out.
Shares of Sirius are down by about 40% (from $0.11 to $0.07) at the moment on news the company’s officials are mulling a bankruptcy filing. Whether the rumor is merely a back-handed ploy to get Charles Ergen and his EchoStar (NASDAQ:SATS) to step to the plate or if a bankruptcy truly is pending is beside the point. What matters is shareholders are about to get the rug pulled out from under them.
Short sellers are getting the news they yearned for. Only one other stock, Ford (NYSE:F) has more shares sold short. But you can bet with shares plunging ever closer to the critical zero level most sensible investors have been predicting, those shorts are going to lock in their profits and run. In fact, their buying to cover their positions is likely the only thing keeping shares from all-out devastation today.
Finally… the end
Going forward, what does this all mean for investors? First, it means all betting is closed. The speculation can come to an end and the losers can go home with their tail between their legs… finally.
But more importantly, Sirius’ trouble sends a message throughout Wall Street and Main Street that junk companies with huge debt and shaky-at-best business models are not going to make it through this crisis. In other words, if you are speculating and taking big risks, you are going to lose.
If you continue to place bets on Wall Street, especially in this economic environment, you might as well burn your money. If you want to gamble, go to Vegas. It needs the business.
There are plenty of money-making opportunities out there if you do your homework, TFN’s and HSC’s portfolio proves it, but if you are not willing to do the work needed to succeed and instead merely invest with the herd and the headlines, you are going down.
I am glad the debate surrounding Sirius is about to come to an end. Now I do not have to hear and read the excuses and whining about the company’s management and the problems with “shorts” driving the company into the gutter.
Sirius was a shaky company during a booming economy. Now that the economy is drowning in pain, satellite radio is doing exactly as we said it would. Crash and burn.
Yes. Ive sold already just over half of my position. I will ride the rest out. I have set my sell target on those shares at $2.65. They also sell technology too Brandon. Its own by Haliberton. Good bosses. They are "in" definately.Should have bought it at .68 cents when they were giving it away. I wouldnt add here, no way. Your right, could go back under $1 soon, who knows.
That's about when I bought it and it ran to nearly 3.00. Then I was blindsided by dilution which ran it down but I managed to get out near 2.00.Yes. Ive sold already just over half of my position. I will ride the rest out. I have set my sell target on those shares at $2.65. They also sell technology too Brandon. Its own by Haliberton. Good bosses. They are "in" definately.
They have a lot of positives. The plant they are building, the current administrations plans, the military contracts. Their merger of sorts with Tyson.
AS long as they are diluting, I'm going to wait.
