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Thread: SIRI Stock Thread March 2012

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  1. #1
    SiriusBuzz is offline
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    SIRI Stock Thread March 2012

    What do you guys make of all this insider trading? A lot of these sales are for options that don't expire anytime soon so, why sell now? Do they think this is as good as it will get? The bottom line is, these people think now is a good time so, why shouldn't we?
    Charles LaRocca
    SiriusBuzz Founder

  2. #2
    airman is offline
    Quote Originally Posted by SiriusBuzz View Post
    What do you guys make of all this insider trading? A lot of these sales are for options that don't expire anytime soon so, why sell now? Do they think this is as good as it will get? The bottom line is, these people think now is a good time so, why shouldn't we?
    Not sure what to make of it. I personally am not ready. I have other things that need to coincide with a sale. In any case I think there is still upside potential. We shall see.

  3. #3
    SiriusBuzz is offline
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    I hear you but, if everyone was running out of a building, I wouldn't just stand there. I think there is more potential upside but, I can't help but feel like I am doing something wrong by not selling.
    Charles LaRocca
    SiriusBuzz Founder

  4. #4
    airman is offline
    Quote Originally Posted by SiriusBuzz View Post
    I hear you but, if everyone was running out of a building, I wouldn't just stand there. I think there is more potential upside but, I can't help but feel like I am doing something wrong by not selling.
    I think that is a bit of overstatement. I would not say "everyone" is running out of the building ... not even close.
    But there is also another analogy. if a whole bunch of lemmings are running towards a cliff ... would you just stand there and watch them or get in the middle of the herd?

    I am not worried about the company and the value of the company .... the thing I am more worried about is the whole market dragging it back down. It is getting more difficult to know where to place stops for sure.

  5. #5
    SiriusBuzz is offline
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    In your analogy, some of the top executives at Sirius XM are a bunch of cliff jumping "lemmings."

    It might not be "everyone" but, it is a bunch of heavy hitters who are choosing to sell right now.
    Charles LaRocca
    SiriusBuzz Founder

  6. #6
    airman is offline
    Quote Originally Posted by SiriusBuzz View Post
    In your analogy, some of the top executives at Sirius XM are a bunch of cliff jumping "lemmings."

    It might not be "everyone" but, it is a bunch of heavy hitters who are choosing to sell right now.
    You are reading too much into what I am saying. ... let me restate:

    The analogy was about if an individual should or should not follow what others are doing for the sake of what they are doing without information or in spite of information otherwise available.
    While the executives may not be lemmings(who knows we don't know why they are jumping and to where) .... the lemmings are the people that follow them just because they `appear` to be jumping to safety.

    You say a "bunch" or heavy hitters. maybe I am misinformed ... can you list the whole "bunch"

    Also an answer to this quote
    "The bottom line is, these people think now is a good time so, why shouldn't we? "
    1. We don't know why! trading on a lack of information is not a good strategy.
    2. Do we know they think it is a good time to sell for the sake of share price? Maybe they need to pay bills. Maybe they need to diversify. Maybe it is something totally different. refer to #1
    3. I personally don't trade on things I don't know... Now a healthy stop .. that is a different story.
    Last edited by airman; 03-01-2012 at 04:14 PM.

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