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Thread: SIRI Weekly Thread for 8-17-09

  1. #241
    john is offline
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    Quote Originally Posted by JohnnyIrishXM View Post
    Hey John,i took Charles advice and put him on ignore,so all is good now.
    Yes Big Ben turned out to be a lying Rapist like his name sake in Pittsburgh,wouldn't mind his strategy if he wasn't on here berating others into selling and swing trading,which is like sitting at a black jack table in A.C and going from 25 bets to 100 and back down on a trend,they will get you a room and whore and food and drink,anything you want to keep you at their casino,they will win every time..Eventually most swing or day traders loose everthing,this is why they are still trading and not investing or retired.
    Relmor is one exception i have seen who gets it right more often than not,now this means who i have seen document his trades in public and admit his losses and profits,most will not relay their losses,learned that in Gambling,only hear the wins...
    The hardest thing for me in this stock will be when to sell and how much profit do i want and keeping some in for future...
    Up to this point it has been easy and worry free,know i'm holding till at least $2.50,but it will be hard watching that portfolio rise as we get there and not sell some off....
    Know you have a shit load also and at higher cost on some,but saw you sold some,hope you get yhour initial back and then some...

    P.S.agree .30's and .40's are now off the table now and maybe low .50's also,but we should retrace to mid to low .60's for a week or 2 soon...

    Hey hey, I never said the forties I said the thirties, I dont want to have to apologize for saying something I never said. I am not willing to say the forties yet, for my own reasons.

    Yea baby, I not only got the extra 5,000 and the original 20,000 but I am now working into getting some back of the 120,000 that I was stupid enough to put back into this pig after making it off it. I had dreams of another DISH, they are now nightmares. The great thing is, I still have alot of shares that I bought with the original 20,000 left. My problem was I love the idea of the company (and still do) but could not believe the stock could be played (manipulated) with so much. That is why I would like it to keep going up, I am afraid that my belief in the company will have me buying back and again having more in a speculative stock then there ever should be.

  2. #242
    john is offline
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    Joined: May 2008 Posts: 2,836
    [QUOTE=julietoo;48677]
    Quote Originally Posted by JohnnyIrishXM View Post

    Well Johnny, I bought most of my shares for .09. What would my
    profit be on my investment?

    I remember the morning well. Friday Feb 13.

    Your in banking and you dont know!!!!!!!!

    What bank do you work for again????????


    777% is the answer, Tell me you were kidding on that though.

  3. #243
    JohnnyIrishXM is offline
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    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    [QUOTE=julietoo;48677]
    Quote Originally Posted by JohnnyIrishXM View Post

    Well Johnny, I bought most of my shares for .09. What would my
    profit be on my investment?

    I remember the morning well. Friday Feb 13.
    Very nice Julie,your at 800% on the .09's...Friday the 13th,ut oh!!!

  4. #244
    SiriMonkey is offline
    [QUOTE=JohnnyIrishXM;48682]
    Quote Originally Posted by julietoo View Post

    Very nice Julie,your at 800% on the .09's...Friday the 13th,ut oh!!!


    What do you mean by ut oh, Johnny? Friday the 13th can be lucky.
    Trying to put doubt in my head? Not gonna work.

    Julie
    who is not superstitious.

  5. #245
    JohnnyIrishXM is offline
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    Quote Originally Posted by john View Post
    Hey hey, I never said the forties I said the thirties, I dont want to have to apologize for saying something I never said. I am not willing to say the forties yet, for my own reasons.

    Yea baby, I not only got the extra 5,000 and the original 20,000 but I am now working into getting some back of the 120,000 that I was stupid enough to put back into this pig after making it off it. I had dreams of another DISH, they are now nightmares. The great thing is, I still have alot of shares that I bought with the original 20,000 left. My problem was I love the idea of the company (and still do) but could not believe the stock could be played (manipulated) with so much. That is why I would like it to keep going up, I am afraid that my belief in the company will have me buying back and again having more in a speculative stock then there ever should be.
    OK,JOHN DID NOT SAY .40's,ok there is disclaimer,But i'm saying it..
    My last buy was March 4th 2009 and will be my last buy...i'll sell half probably and keep rest till i think it has maxed out in value and growth..
    But you guys were in for the speculative times and i can see your point about this pig being messed with,but you have to admit it was managements own fault for spending way to much on content competing against each other,know they had to,but still,no profit in 8 years,they are lucky to still be here if not for merger..

  6. #246
    relmor2003 is offline
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    Quote Originally Posted by john View Post
    Hey Big Ben what happen to this:

    Big Ben said this on Aug. 3rd

    "Siriusowner, Relmor....I am with you guys....don't buy...don't buy!
    Wait for the smoke to clear, let the bigger positions set themselves up, and purchase stock for .38-.42. The sun still rises in the east, verdad? Ok just checking. Always remember this is still on the top 5 most shorted stocks. Trading this stock will be looked back on as a small miracle. Buy and hold will also look good but not as good as one in the bag. "Trow it in the bag" We don't check tags around here! GLA."


    Now everyone go take a look at what happen from Aug 3rd to now........................................ Done, yea thats right it never got back to those levels it just kept going UP. Notice also he made one other post after that but said nothing about buying back at anything higher. That is not until it went upto .78 and then back to .76. He says Ho yea I bought at .65 and sold at .77.



    P.S. If you all recall at least relmor was here saying he has changed his mind and said when he was buying when it got to those prices, that is at least believable.
    Yeah, John, but my trading from .58(double top, that wasnt, lol) to now has been nothing but damage control, scrapping some profits here and there. Missing around 60% of potential gains on this move. If it never retraces, those losses would be permanent. Should have held more shares longer. I did not play August well at all. Hoping Sept. works out better for me. But with a core holding of .17 cent shares, all gains make me feel good. The feeling of making some money vs. a large amount of money, is better than the feeling I get when Im in the red, so its all good. I did mention before the CC it might be a very bad time to be a trader. Looks like I was right. It was.

  7. #247
    relmor2003 is offline
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    Big Ben , if he is full of it, had me fooled. Wow. I thought he was just an ass, not a liar. I want Ben to come defend himself though. Ben? You there you trading fool.

  8. #248

  9. #249
    TSavery is offline
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    Joined: Jun 2007 Posts: 524

    q3 Numbers

    I have had an onslaught of emails asking me about Q3, and whether Sirius XM will report a profit.

    In short, my answer is no, and here is why.

    1. Q3 is traditionally the quarter where the company manufactures their hardware in preparation for q4. This causes variuos metrics like SAC to go UP as there are expenses to manufacturing all of these units.

    2. The ramp up in OEM production means more costs. This will also impact SAC. The costs associated with manufacturing and oem subsidies will also whack Sirius XM adjusted EBITDA. This number was $108 million in Q1 and $132 million in Q2. It will be substantially less than $132 million in Q3. People should be prepared for this.

    3. The company has another round of 1 time chares including refinancing Sirius debt, XM debt, and final satellite payments. These will hit the company and impact earnings.

    This is not a bash, it is just the facts. One time charges cost the company $0.03 cents last quarter. It will impact the company aagain this quarter by 2 or 3 cents. Couple this with higher expenses, and it will be quite difficult for Sirius XM to post a positive EPS.

    That being said, media companies do not trade on EPS. They trade on cash flow. Much of the refinancing is helpful to cash flow, so that is a good. Expenses for the OEM channel will generate future subscribers, which is also good.

    What the company is doing is good for the long term, but thits in the short will take they will take a hit in the short term.

    It is better to deal with and understand the facts than to go into these things misinformed and expecting something that wont happen.
    Tyler Savery
    Satellite Standard Founder

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