SIRI Intraday Thread: Friday April 3rd / Weekend Edition

[relmor2003]

Sometimes I wonder if the MM's are just trying to A. Piss people off, make them think the stock is going no where, hence they sell. B. Lull them to sleep, so they sell out of boredom. (not enough excitement to get the adrenalin pumping)or C. Are working with some huge short to let them unwind. It's just not trading normal for any stock I've ever seen.

Yes. But in order for them to execute on above said scenarios, massive amounts of manipulation are in order. Otherwise 100k more buys than sells a day would move a stock trading freely up. They cant have this. O no. Not on their watch. So you dick around, dick around.... Jerk you up and down, make you sell. Then it moves. They know when your tired, by the action they get, sell orders being moved down, buy orders moving down... etc...
Volume... They have played this game longer, and with much more information than we can ever hope for. The only solution is to report what you see, then sit back and be patient. Dont play their game. If you want to put all your sell orders in at $2 or $1 or whatever, great. But your going to need at least 2 million shares for them to care. At least.

[relmor2003]

And by all means call ISEG and complain.... they just LOVE that.... as we found out a few weeks back.... funny how we started to see things improve after the letters......

Unfortunately it comes and goes in waves...

Once the volume of letters and calls slows down - they figure they've cleared the pressure and it gets worse...

Not sure thats true, but it doesnt hurt thats for sure. This thing was ready to break .40, so I dont knwo about that. We just had a bit of bad timing, and the MM's HAD to see what the effect would be on the news. Add news, drive the price, see if they bite. They did, a bit. So they took it. If their was great GM news that day, I feel they were ready to surrender .40 cents on Monday or even Friday(rumors of the news might have reached them first, thus making sure Friday held). They would probably have conceded up to the .50 cent range, then try to keep it between there and .42 cents for a while.

[TedDanson]

Re: the dive at the bell....didn't the same thing happen on Monday and Tuesday, except in the opposite direction? Huge upswing at the last second with the final timestamp at 4:00:03 ish? Specifically, look at Tuesday.

Just putting it out there...I'm not an expert.

Personally, I'd like to see the stock up much higher than it is, but without significant positive news how's it going to much higher than 199% for the quarter? I can see the official iPhone app fuelling a surge. Same goes with a not-terrible first quarter report.

[audiciter]

I've locked in all of my shares at .131 and I am a very patient person. I know it is going to go up substantially and I'm content in letting the MM's play their games for as long as they feel they need to. Those who are patient will get their paycheck eventually.

[john]

alright I'll admit it, I am the one doing it. I needed to be right on my prediction of .50 by the next CC/Q report and felt it was going up to fast. So I started to buy and sell my own shares. Yes it cost a bundle in commissions but it is worth it to be right.






On a more important point you guys have got to stop watching it so much. While I will admit SIRIXM is one stock I watch closely I realize sometimes it is like trying to watch when water boils (the closer you watch it the longer it seems it takes for something to happen). Step away you know I had EXC for 20 some years changed its name 3 times and went from 17 a share to 70 and split then went to 70 again. I would have most likely thought the samething about EXC if I watched it like I watched SIRIXM.

[Dave Davis]

Notice all of those trades that tanked it went through after the regular market is supposed to be closed....

I had a limit order for about 5-6 hours for 100k at .0315 back when the baseball press release went out and i got 31,071 of it filled. Was shocked.

[relmor2003]

Re: the dive at the bell....didn't the same thing happen on Monday and Tuesday, except in the opposite direction? Huge upswing at the last second with the final timestamp at 4:00:03 ish? Specifically, look at Tuesday.

Just putting it out there...I'm not an expert.

Personally, I'd like to see the stock up much higher than it is, but without significant positive news how's it going to much higher than 199% for the quarter? I can see the official iPhone app fuelling a surge. Same goes with a not-terrible first quarter report.

Not 200% in the quarter. Its 700% first of all(You had plenty of time to buy at .05 cents like I did). Second, its irrelvant if it went up a million percent in the quarter, its still undervalued. Doesnt need anything else to move higher. It would eventually move higher regardless. But they trap it in ranges to catch bad or good news. Be the first to know about it, then prepare accordingly.(this would be all else being equal which it rarely is).Otherwise simply behind the scene buy and sell orders from large hedge funds and institutions which we cant see can move a price illogically seemingly for a long time.

[choirgirl]

Hi Rick, interesting you mention the G20. I follow the news in Germany/Europe a lot and told people in a SA forum ( Financials,Currency) that Chancellor Merkel is pushing for a strict oversight, even a socalled Finance Police Force. I was told names (Gestapo etc.) and that it would never happen, because that would be socialism. I tried to argue, like it would be in our interest, but finally gave up.
Now, we will have more oversight, more regulation etc. and Obama and Brown agreed. According to the market the last 2 days, it is obviously not that terrible, isn't it ?

Won't get mad - I realize we are yelling at the deaf (SEC)....

The thing is this......(doing my Glen Beck impersonation)

It is up to us as concerned investors and citizens of this country to at least do our part to right the wrong. If we all lay down and do NOTHING - we are allowing them to have a free pass. It is our constitutional right to voice our dissent about activity in direct violation of the law - and this type of manipulation IS ILLEGAL. Period. I mean WTF are we complaining about if we aren't willing to take the measures to correct the problem.....

I will give you some hope.......

Uptick rule coming back....

International policy is shifting - and there is a major call out across the investment world right now for more oversight and policing of the markets...

If you want an example - dig into the news yesterday about the results of the G-20 summit in London - they specifically implied they are out to police the hedge funds and others abusing the system....

I think things are getting ready to improve... right now we are in the trenches looking for a miracle -

I think the shorts/MM's days are more numbered than they realize.

[relmor2003]

alright I'll admit it, I am the one doing it. I needed to be right on my prediction of .50 by the next CC/Q report and felt it was going up to fast. So I started to buy and sell my own shares. Yes it cost a bundle in commissions but it is worth it to be right.

I want you to be right too. And I think you will be. In fact, with my full position, double my core, Im putting my money were my mouth is. If it hits .50 cents by then I will be a very very happy man. Might even take you to dinner John. Of course it wont be me. Ill have to hire someone to do that, since me and you in the same room together might set off some type of magnetic impulse wave that could destroy everything.

[chuckius]

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