Candleman are you watching the turn? Amazing the slide is coming quick. Holly head fake, shorts lead, report comes out, shorts swing to the biggest losers, and now the reality is MM wanted you to feel calm, even for 7 minutes, thats enough time to allow the big boys out and sheep to be left holding the bag. The close today could be full of fireworks.
Last edited by candleman; 02-05-2010 at 11:01 AM.
Is anyone watching the market? Full on out dismantling of gains. All shorts are on fire, I hope someone picked up some shorts, they are smoking it out!
I'm just figuring the whole thing has to pop to a dollar by March 1. Is that a strange thought? I don't think so considering the listing requirements.
No it doesnt have to pop to $1 by March 1 (remember also it still has to be over $1 for 10 days straignt).
Alternative scenarios are they announce an R/S (which Mel says he doesnt want to do), they get an extension for the $1 rule (i put my money on this one), or SXM is completely exempted from the rule because of their market cap (i would think thats highly unlikely).
It will certainly be interesting to see how it all plays out.
The public enviroment is staying positive regarding Sirius, and the CC will continue the upward movement and positive perception.
What contributions Liberty will make or can in the short term remains to be seen, However, long term synergies look very promising.
It's up nicely today, and I think their CC is tomorrow. I have a long way to go. A weak dollar helps TCK. I'm holding for a while.