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Thread: SXM Daily 12/27/12

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  1. #1
    radejs is offline
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    SXM Daily 12/27/12

    Just getting it started.
    Low volume decline .8% yesterday, up 2 cents pre-market.
    Short interest at all time high of 370 Million shares
    Boy does this stock need some news
    "My" shorts need a squeeze right now.

    GLTA

  2. #2
    imromo24 is offline
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    Maybe lots of reinvesting of dividends come tomorrow could put this squeeze on.

  3. #3
    SlapShot27 is offline
    Quote Originally Posted by imromo24 View Post
    Maybe lots of reinvesting of dividends come tomorrow could put this squeeze on.
    I am assuming the dividend payments will post to ones' account "overnight," like a credit card payment. That said, do you think those additional funds (the dividend payments) will be available (for trading) on Friday or the following Monday?

  4. #4
    imromo24 is offline
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    Quote Originally Posted by SlapShot27 View Post
    I am assuming the dividend payments will post to ones' account "overnight," like a credit card payment. That said, do you think those additional funds (the dividend payments) will be available (for trading) on Friday or the following Monday?
    To me Paid on the 28th means morning before trading but not sure. I'll keep hitting refresh all day.

    Todays trading reminds me of the movie with Arnold, Predator when he's in the ditch..."DO IT, DO IT NOW...KILL ME IM HERE"

  5. #5
    imromo24 is offline
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    There we go 2.91, not that I'm happy about it but geez, taking them long enough to walk it down

  6. #6
    slightbuzz is offline
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    Quote Originally Posted by imromo24 View Post
    There we go 2.91, not that I'm happy about it but geez, taking them long enough to walk it down
    I just picked up a few @ 2.92 so it should tank about now!

  7. #7
    SlapShot27 is offline
    Quote Originally Posted by imromo24 View Post
    To me Paid on the 28th means morning before trading but not sure. I'll keep hitting refresh all day.

    Todays trading reminds me of the movie with Arnold, Predator when he's in the ditch..."DO IT, DO IT NOW...KILL ME IM HERE"
    Regarding your "paid on the 28th" statement, I have a margin loan balance in one of my accounts. The arrival of the dividend will probably reduce my margin loan balance-automatically. In other words, I won't have a margin loan (amount unchanged) and a cash balance reflecting the dividend amount.

    I would love to have the cash (i.e. the dividend) and have the margin loan remain unchanged. Any thoughts on how this would play out given the above?? Any comments would be appreciated

  8. #8
    denco1 is offline
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    Quote Originally Posted by SlapShot27 View Post
    Regarding your "paid on the 28th" statement, I have a margin loan balance in one of my accounts. The arrival of the dividend will probably reduce my margin loan balance-automatically. In other words, I won't have a margin loan (amount unchanged) and a cash balance reflecting the dividend amount.

    I would love to have the cash (i.e. the dividend) and have the margin loan remain unchanged. Any thoughts on how this would play out given the above?? Any comments would be appreciated

    The more cash you have in your margin account the higher the margin you have available to buy on margin. The reduction in the loan amount means that you have more available to borrow thus the increase in cash from the dividend lowers the amount borrowed giving you more to borrow on future purchases if you so choose.

  9. #9
    denco1 is offline
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    Good morning RAD and all-

    Probably another day of light volume Holiday trading. Compelling news is right around the corner with the release of Sub #s early January. Personalized would be nice by year end too but i'm not counting on it. As long as we chop this range up it's all good.

  10. #10
    slightbuzz is offline
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    Why can't i get an avetar picture to take? I set it below 100x100.

  11. Ad Fairy Senior Member
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