SIRI INTRA DAY thread THUR MAY 7th 2009

[trippingthespeculatingpos]

i still think we can get back in the .50's and close there, althought my first pred seems a ways off.

[JohnnyIrishXM]

we had the GAP filled and then the take down for 74 mil shares,bigs got in cheap,now only 100k shares avail in sell orders below .48..going back up soon..

[GoHerdGreg]

There is a side of me that thinks what we're seeing (70+million shares the first hour) involves some very large shorts unwinding while they have the chance.

Yes, there is some panic-selling by people who bought in last week, yesterday, etc.

But I also have this feeling that a big chunk of this is very large shorts taking their money and running today, while they can. That 1 million buy in at $0.40 was the big hint.

IMHO, YMMV and DYODD.

[john]

Much of the 7 cent loss is a one time expense. Thus, investors should consider it accordingly. The loss is real in terms of GAAP, and thus it gets reported that way.

What does this mean? It means that those who understand why the loss was at 7 cents will have an advatage, as long as the company continues to improve their trend.

The headlines often create the sentiment, and this is one reason why you see the wild price swings.

You will likely see several articles dealing with the one time cost in the coming days

Thanks Tyler, I said much of the samething a few minutes ago, but as normal onone believes me until it is confirmed.

[Siriustunes]

The same buyers that lifted the stock over the past few days are the ones that are in a panic now. The cc showed the fundamentals are becoming stable at SXM. That is what we want. The sellers this morning have not a clue concerning the magnitude of what we heard on the cc. Hopefully there will be market voices that will trumpet the positive numbers and outlook.

I even see a glimmer of positive attitude in Big Ben.

And I agree with Ben, the "freaked out" crowd needs to scatter and the knowledgeable investors will take advantage of the opportunity. Remember we hit .60 just a short time ago and I don't think anyone thinks it was a one time event.

[trippingthespeculatingpos]

i believed you john and i believe in you.

[JohnnyIrishXM]

Thanks Tyler, I said much of the samething a few minutes ago, but as normal onone believes me until it is confirmed.

I'm tired of confirming your ars you old bas'trd,let homer do it for once..

[nisvan]

overall, if you've been looking to get in some last minute
siri stock shopping, today's probably as good a day
as any to do it; as a deeper analysis of the numbers
gets through to the street, buyers will once again
outnumber sellers

[bassmaster]

the Q1 sub numbers were horrible as i predicted. i believe this period is the headfake for longs. end of this year chart will show it. now we've got through one of the worst Q1(U.S. economy) and by judging some current economic data, we will start seeing real value come into this stock. car market IS getting better, unemployment is not getting worse, and the iphone app is expected to be released next month( WTF???why is it taking sooo long???) ...someone said they dont expect the pps to hit $1 this year, i strongly disagree. i think it will be realized in Q3 and maintain there. if sub #'s is a big issue for analysts, then EXPECT it to change next CC when i will bet the farm, sub #'s improve from their current condition. ty ..gl

[bassmaster]

did siri make their interest payment of $25M to liberty this past quarter or does it kick in this quarter?