NJBones... you are most likely correct. Check out the increase in short interest on Sirius XM
Most of the shares I bought today and yesterday replace shares that I sold .20-.25 higher or maybe more.
For instance, the 3.55's I bought today were from an order placed a month ago after selling around 3.80. Every time I sell a lot, I place a buy for a lot less....
I may not catch the bottom but buying back cheaper is an inevitable gain as long as the story is still in tact.
Last edited by Wolf Child; 12-11-2013 at 06:31 PM.
You are doing good. My average price is $3.73 at the moment. Was waiting to see if closed the $3.48-$3.50 gap but today made me a little nervous. I don't know if this is more year end selling and profit taking or what. I was hoping for a santa's rally but the guys are saying that will start next week. The markets usually do well going into the new year then we have a sell off.
If we drop at all tomorrow it will put us in oversold territory.
I always buy that.
But my situation is different than most folks being that I have almost 300k shares ranging from .13 and have made $000,000.00 on this stock without ever selling at a loss. I have some room to take risks and make a mistake.
Last edited by Wolf Child; 12-11-2013 at 06:43 PM.
Does anyone really think Malone is gonna just sit there and watch all his money go up in smoke, not only is this the perfect buying opportunity for us, but also very good SXM. From what I can tell they have already spent approx. $160 million outa 500 on the repurchase plan, the charts don't show this but the fundamentals do, I say a major volume day extremely soon, and not to the down side.
Quote "Sirius may be required to accelerate the purchase and sale of the shares to be purchased on the next scheduled repurchase date if Sirius is able to draw upon its existing senior credit facility an amount that would be sufficient to pay the repurchase price of the shares to be purchased on such repurchase date and the next scheduled repurchase date."
Other than that, bought $3 worth of lottery tickets tonight to see where my luck was, won $5,
Phot is the new leader of the green stocks, them and MJNA exchanged places today, sure glad I sold my Mjna and put it in Phot the other week ago. They got an executive from Microsoft and Yahoo to be their new Pres., and we got a new marketing executive that answers directly to Meyers to help increase subscribers at SXM that has done alot of work in television advertising and has previously worked for DirectTV, so hopefully we'll start having some cool commercials and some mass marketing coming soon.
Last edited by Redcloud; 12-11-2013 at 07:05 PM.
Suck Eggs Shorty!!!
What you are saying makes a lot of sense. I think it's a combination of profit taking and shorts building a position. You can see the short interest increased over 11% from Oct-Nov. It could be increasing in December too. Gives Malone the opportunity to buy back shares at a cheaper price too. Doesn't buying back shares essentially reduce the float? I think so...