Page 2 of 25 123412 ...
Results 11 to 20 of 249
  1. candleman is offline
    Mentor
    candleman's Avatar
    Joined: Jul 2009 Location: Outer Banks of North Carolina Posts: 1,511
    08-17-2009, 09:59 AM #11
    Quote Originally Posted by socalrunningfool View Post
    If your looking for another speculative trade. Get a look at CIT. Good news. Down some today. Been paying the bills. Adios.
    I've been in and out of CIT six times in the last 3 months. It's a good short term money maker, but it's future is still blurry. Bankruptcy is still a strong possibility. I tend to think C, Citi Financial is a better long term buy for under 4 bucks.

  2. imromo24 is offline
    Guru
    imromo24's Avatar
    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    08-17-2009, 09:59 AM #12
    Quote Originally Posted by socalrunningfool View Post
    Good morning to all. The Asian markets looked to have retreated after large monthly gains. Is this a buying opportunity? Or a new trend lower?

    Everyone have a great day. I am still hoping for the .40's again. lol.
    Me too, but certainly a good day for anyone who was sweatting last week

  3. relmor2003 is offline
    Mentor
    relmor2003's Avatar
    Joined: Oct 2008 Posts: 1,937
    08-17-2009, 10:01 AM #13
    PM take down. .55 cent buys as you saw them stream in at open, and all .56 are now locked in for the day, and they will try to convince you to sell those shares today. Ive decided Im not going too.

  4. candleman is offline
    Mentor
    candleman's Avatar
    Joined: Jul 2009 Location: Outer Banks of North Carolina Posts: 1,511
    08-17-2009, 10:12 AM #14
    Back up to .545 on good volume after just 40 minutes.

    I think we are just following the broader market today and the decline is not specific to any fundementals of Sirius.

  5. relmor2003 is offline
    Mentor
    relmor2003's Avatar
    Joined: Oct 2008 Posts: 1,937
    08-17-2009, 10:15 AM #15
    Quote Originally Posted by candleman View Post
    Back up to .545 on good volume after just 40 minutes.

    I think we are just following the broader market today and the decline is not specific to any fundementals of Sirius.
    Yes, some panicky profit taking based on price action ONLY. Dumb, unless you rebought at .53, this move just eats away your time.

  6. JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    08-17-2009, 10:20 AM #16
    those 6 mil shares at open for .53 and .54 are probably for a big buy EOD(end of day) at .55 or .56 IMHO..

  7. JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    08-17-2009, 10:22 AM #17
    Level2 von Nasdaq opened with 4600 sell orders to 3700 buy orders,now at 10:21am it is still 4500 sell orders to 3300 buy orders with 11k filled already..
    Lets see if orders drop in half around lunch like last week it did..

  8. relmor2003 is offline
    Mentor
    relmor2003's Avatar
    Joined: Oct 2008 Posts: 1,937
    08-17-2009, 10:48 AM #18
    Quote Originally Posted by JohnnyIrishXM View Post
    Level2 von Nasdaq opened with 4600 sell orders to 3700 buy orders,now at 10:21am it is still 4500 sell orders to 3300 buy orders with 11k filled already..
    Lets see if orders drop in half around lunch like last week it did..
    Hey Irish, you think today was the week low?

  9. JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    08-17-2009, 10:52 AM #19
    Quote Originally Posted by relmor2003 View Post
    Hey Irish, you think today was the week low?
    if i had to guess,i would say yes...closer to .65 than .40's IMHO...

  10. proactiv is offline
    Enthusiast
    proactiv's Avatar
    Joined: Jul 2009 Location: Villa Rica, GA Posts: 136
    08-17-2009, 11:47 AM #20
    From The Fool, published this past Friday:

    As Good As It Debts for Sirius XM
    By Rick Aristotle Munarriz
    August 14, 2009 | Comments (14)

    You don't typically applaud a company issuing new debt, but even its harshest critics should be cheering Sirius XM Radio's (Nasdaq: SIRI) move to offer $257 million in senior secured notes.

    The debt priced at a fair price last night, with Sirius XM paying a modest interest rate of 9.75% until the notes mature in 2015.

    Let's put this offering into its proper perspective. Flash back to February, when Sirius XM was on the ropes. It had a pair of interested saviors, Liberty Media (Nasdaq: LCAPA) and EchoStar (Nasdaq: SATS), but it couldn't exactly stoke a bidding war.

    Liberty wound up loaning Sirius XM the money it needed, but with a rate as high as 15%. It also gained a chunky 40% stake in the satellite-radio operator, just for its bravery in stepping in to resuscitate the radio giant.

    A loan shark knows when you're desperate, and Sirius XM was definitely in need this winter.

    However, now that bankruptcy whispers have faded away, Sirius is a more stable company. Fewer subscribers are coming than going, but the company's cash flow statements continue to improve.

    If someone had suggested a year ago that Sirius XM could borrow hundreds of millions of dollars at a rate in the single digits, they would have been dismissed as criminally insane. Once the post-merger buzz faded away, creditors were keeping their distance.

    Sirius XM isn't having much of a problem attracting believers these days.

    The real beauty of the new notes is that they will replace Liberty debt that was bearing a higher interest rate. The 2015 maturity also gives Sirius XM six years to mine its operating efficiencies.

    The lessons behind the economic recession may involve booing the borrowers, but this is one time where you have to give Sirius XM credit.

    Literally.

Page 2 of 25 123412 ...