You should start a thread called crfceo's conspiracy theories...this falls under that catagory..
For starters, at last report Goldman Sachs, who has had a conviction sell rating on sirius for 2 years, sits on over 3.406 million shares of sirius. They so despise the satellite radio sector, that they have taken a huge position in it. Unfortunately, I cannot find any info on xmsr, as the site doesn't list the company.
I have a theory which tends to get thrown out with the bath water, that Goldman is sitting on a lot of naked calls they wrote, and are hedging against a surprise FCC ruling.
We do have a precedent on the manipulative practices at Goldman...here's an article on naked call writing, naming Goldman as the main manipulative player...
"The responsibility for obtaining answers rests with Congress. What is more, both Democratic and Republican members are now recipients of weasel answers from the Treasury Department. Both major parties in Congress are thus fully on notice of credible, serious allegations that the current administration has turned the ESF into a political slush fund to aid its closest friends on Wall Street, starting with Goldman Sachs, former Treasury Secretary Robert Rubin's old firm, by giving them the inside track on a manipulative scheme to cap the gold price."
There are others. A simple google search reveals them. I'm no options expert, but the timing of the report which is so filled with holes has everyone wondering.
Cowen today came out and said Goldman was just plain wrong, and I think that's a nice way of putting it.