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  1. denco1 is offline
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    12-13-2012, 08:48 AM #41
    Quote Originally Posted by abcdarin View Post
    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.
    Morning ABC!!

    They are consolidating it hard in this area for the next BIG move. Not sure what to think about the royalty rates decision coming down tomorrow. Funny how all this *stuff* has converged and seems to be coming to a head Friday.

  2. Bravo863 is offline
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    12-13-2012, 08:51 AM #42
    Quote Originally Posted by JohnnyBBQ View Post
    Does anyone know how options are affected by the dividend?

    Im not sure how they will be affected, but I have been watching the option activity the last couple of weeks and Dec & Jan Calls have had quite a bit of volume

  3. denco1 is offline
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    12-13-2012, 08:56 AM #43
    Quote Originally Posted by imromo24 View Post
    What does everyone think about the royalty rate change coming Friday?

    Welcome back to some and hello to the rest.
    Is this coming down for sure? Funny as in funny/strange that all this is hitting the fan on Friday. Ex div, possible royalty decision....what a bout FCC decision, isn't that right around the corner?

  4. imromo24 is offline
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    12-13-2012, 09:12 AM #44
    http://www.zimbio.com/The+stock+mark...+Rebound+Piper
    Piper Jaffray analysts are rating shares of Sirius XM Radio Inc (NASDAQ:SIRI) as Overweight and can see investors buying it ahead of the decision on how much the royalties will be. The rates will be determined after Sirius XM and SoundExchange, a performance rights organization, argue their cases in front of the three judges on the Copyright Royalty Board. They will consider the testimonies and set a benchmark rate, making various adjustments to set a rate that will be effective for five years. That rate is expected to be set no later than this Friday and will begin next year.

    This time around, SoundExchange is attempting to secure a 20 percent increase from the current 8 percent of revenue. Sirius XM is trying to get a 5 to 7 percent reduction in the rate. Piper Jaffray expects the rate will be a modest increase to 11 percent by 2017.

  5. abcdarin is offline
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    12-13-2012, 09:13 AM #45
    Quote Originally Posted by denco1 View Post
    Is this coming down for sure? Funny as in funny/strange that all this is hitting the fan on Friday. Ex div, possible royalty decision....what a bout FCC decision, isn't that right around the corner?
    @Denco

    What are you thinking about Friday? I am wondering if it is going to be a big sell off then price goes down to 2.65-2.60. Then the buying might start depending on the news.

  6. denco1 is offline
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    12-13-2012, 09:18 AM #46
    Quote Originally Posted by abcdarin View Post
    @Denco

    What are you thinking about Friday? I am wondering if it is going to be a big sell off then price goes down to 2.65-2.60. Then the buying might start depending on the news.
    Hard to say ABC. That is one scenario for sure. ANother is that we get favorable news on the royalties and they take it up hard causing a short squeeze. I can see both playing out. I have dry just in case but am holding the majority of my position.

  7. imromo24 is offline
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    12-13-2012, 09:18 AM #47
    I definitely find it odd all of this converges. ( Ex div the day of the decision)

    Yesterdays action played the whole channel on my chart between 2.72 and 2.79. A day with a low of 2.79 should spark buying. It did last time but I guess the insider sales broke the momentum

  8. imromo24 is offline
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    12-13-2012, 09:22 AM #48
    Quote Originally Posted by denco1 View Post
    Hard to say ABC. That is one scenario for sure. ANother is that we get favorable news on the royalties and they take it up hard causing a short squeeze. I can see both playing out. I have dry just in case but am holding the majority of my position.
    Overwhelming opinion weeks ago was that we have nothing to worry about, I expect a pop and squeeze. But cautious due to the weird downturn after the dividend announcement. Hopefully it was meant to confuse retail and steal cheap shares

    Im also worried about the 50 day on the weekly chart though
    Last edited by imromo24; 12-13-2012 at 12:26 PM. Reason: 50 day not 200 day

  9. abcdarin is offline
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    12-13-2012, 09:27 AM #49
    It seems that we always have our good news come at bad times so we end up going no where. But I guess that is better then going down. We are strong and we need to pop!!!!

  10. abcdarin is offline
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    12-13-2012, 09:32 AM #50
    Quote Originally Posted by imromo24 View Post
    Overwhelming opinion weeks ago was that we have nothing to worry about, I expect a pop and squeeze. But cautious due to the weird downturn after the dividend announcement. Hopefully it was meant to confuse retail and steal cheap shares

    Im also worried about the 200 day on the weekly chart though
    im

    I thought after the dividend announcement it was going to go through the roof!!!

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