SIRI Weekly Thread 12-10-2012 to 12-16-2012

[denco1]

Checking in here as well from other site. I was feeling pretty savvy that I unloaded everything at 2.92 and kept resisting buying back in as it dropped into the high 50's with the thought that I would wait out this macro risk, only to let FOMO get to me and buy back the morning of the divy anouncement at 2.82. Been feeling stupid for buying but now I'm thinking that if it gets back to 2.82 I will take my 5 cents and lighten up a lot till the macro issue clears and buy back lower after that. With this stock who knows.

2.92 was a real good move as it turns out but 2.82 wasn't bad either considering the announcement. Sure it dropped but that was a difficult moment to be out. We should hopefully see the 2.80s tomorrow so you should get a chance to undo the buy if you so choose. Good luck ST...should be fun!!

[imromo24]

What does everyone think about the royalty rate change coming Friday?

Bid volume picked up today on the move up but I was tempted to get out on the low overall volume. Friday is ex-div also. So tomorrow could hit 2.69...or 2.81 just as likely.

For the most part the downtrend from 2.97 has been broken but we're muddled in the ichimoku cloud and tempted the 50 day sma way too much


Welcome back to some and hello to the rest.

[imromo24]

Does the stock continue higher by the end of tomorrow into the dividend even though .05 comes out Friday morning ?

I figure a 2.80 close tomorrow prompting a 2.75 open Friday. Fingers crossed it doesn't sell off to 2.70 with a 2.65 Friday open.

The royalty rate change Friday is the real story...

[SiriusBuzz]

I'm done and staying here going forward, but hope all other major players there follow.

Glad to have you back! I hope so too, for everyone's sake. When you guys all have a stable reliable place to share information everyone wins.

[siriustimes]

Hoping the price will be supported tomorrow by the shorts getting out not wanting to pay the dividend.


romo24, Thanks for the heads up on the rate change. Didn't have that on the radar.

[sxminvestor]

Hoping the price will be supported tomorrow by the shorts getting out not wanting to pay the dividend.


romo24, Thanks for the heads up on the rate change. Didn't have that on the radar.

What is the expected outcome on the rate change and will it be a positive or negative for Sirius ?

[siriustimes]

Article by CN at SA from September discussing the likely impact of rate increase to SXM.
http://seekingalpha.com/article/8609...-for-sirius-xm

[sxminvestor]

Article by CN at SA from September discussing the likely impact of rate increase to SXM.
http://seekingalpha.com/article/8609...-for-sirius-xm

Thanks ST.

The last paragraph of the article is interesting because they now have announced the buyback and dividend ahead of the ruling.

[JohnnyBBQ]

Does anyone know how options are affected by the dividend?

[abcdarin]

Good Morning all!!!

Looking at my Closing P&F chart this morning and I don't know what to think. We have strong upper resistance at $2.79-$2.80 and strong lower support at $2.73 and my triangle is converging exactly at $2.78. Its like a big boot on our head hold us at $2.73 at times even though we closed at $2.78 they like $2.73. Plus for fun 2.73+.05=2.78 (both major points for me) whats the odds of that crap.