Originally Posted by
Big Ben
Whats up Trip? The bashing is everywhere. I am looking for a bottom around .29, although I will look to enter around .30-.32, thats low enough for me. If we start up this week I would pick some shares off at .365. I am moving into a full position this week just because of all the overall sentiment on SIRI. The CC was a disaster. The smoke has cleared and SIRI looks pretty bad, once again. Just like the day before the CC, all optimism coupled with a two day 25% return, to me it looked obvious we were about to get slaughtered. Now things look the other way...were dropping everyday...Mel still sucks...the economy still sucks..MB Bike week was the worst in forty years..no joke....forclosures are still rising...things are bad. All signs point to a massive market pull back, it might be viscous. MSM is doing an amazing job on spinning all the bad news, its the best I have ever seen. The only reason I can find to buy this stock is the lack of a reason. IMVHO, market pulls back and we don't participate or we are one of the lone green stocks on the board. SIRI is the most unpredictable stock I have ever watched in 13yrs. Good luck all.
I still have to go to work Trip, I wish your theory would have come true...dollar land. LOL. MB article..sorry about the long post.
By Aisha Khan
WBTW Reporter
Published: May 17, 2009
If you live along the Grand Strand, you’ve no doubt, noticed a significant decrease in bikers riding around; specifically in the City of Myrtle Beach.
For some local business owners like Victor Shamah that was bad news. Shamah owns the Bowery on 9th Avenue and said that his business is taking a major hit from not having enough bikers come into town this week that’s a loss he said that he just cannot afford to take in this tough economy.
“I’ve been on this street for over forty years I haven’t seen it like this in May in years and years and years and there’s nobody down, the traffic is not here, we just don’t know what to do,“ said Shamah.
Shamah went on to explain that his opinion as to what caused fewer bikers to come is split as to whether the new ordinances turned them off or whether it was the shaky economy.
“I have to blame partly the council, partly the way it was handled, the economy, I’m not to sure exactly what to blame and how they effected this,“ explained Shamah.
Shamah added that he still has a lot of local and out of town loyal customers, like Gary Cogswell of North Carolina who help keep his restaurant running.
Cogswell said that he and his wife have been coming to he beach as part of bike week for over 20 years but never has seen anything this bad.
“It’s almost like a ghost town, we come here just to have fun and it’s really almost sad,“ said Cogswell.
As News 13 reported last week, business has picked up further south on the Strand where restrictions aren’t as tight, but what’s been good for merchants there has put owners like Shamah in a tight spot.
“We want them to come we hope they come back and we think that we can resolve this issue hopefully for the next few years,” said Shamah.