It would be class to see Icahn roll in. You never know.
Possibly the BIGGEST volume day EVER on tap Folks....
I can't see anyone taking new short positions from here on out, "Friend" nor Foe.....
The pounding is over.
Tomorrow is the Citi Conference too.
originally posted in the wrong thread. With this mornings drop in LMCA the share price isn't 3.68 more like 3.58 at the price I just saw LMCA trading at 141.53!!! WTF. Also just did some calculations and to my surprise my 1/9/13 switch from SIRI to LCMA was great! SIRI up 22.7% LCMA up 43.2% WOW! I had thought SIRI was doing better than LCMA for the past year. Been reading to much about SIRI I guess. Anyways my post from earlier today on the wrong thread.
WOW - interesting read this morning.
Just my thoughts:
When Malone took control of SiriusXM I chose to transfer (IRA account) my Siri shares into Liberty. Been very pleased with both investments over the past year. Although SiriusXM has done better. However STARZ split off exceeded my expectations at over 100% gain as of today. I'm 2 for 1 invested in Liberty vs SiriusXM. I'll probably vote for the transaction for that reason. If you study Malone (vs the other big boys) - Malone does make money for the little guy; of course Malone takes a bigger percentage. If I had to chose a big name investor I would follow Malone. I would avoid Icahn - simply look at the results for the little guy that chose to tag alone with Icahn. With Malone the little guy makes out ok (sometimes great).
I do wish SiriusXM would stay semi-independent but now that Malone has shown his hand it's just a matter of time. As an investor why would I want to screw my larger investment in Liberty by holding out for a higher price? Also remember that all the 48% not owned by Malone have to vote for the transaction. Does that mean Malone has to get just 24%+1 on board to go forward? I think this transaction has a good chance to go through as offered. If your looking to exit then sell to the shorts today.
Up 7% on 200+ million volume in the first 50 minutes?
Who's gonna get in front of that?
I sold 50k @ 3.99 in pre so I kinda wish we would dip lower.
I'm a buyer @ 3.70 all day long! I'm a seller at 4.25 too!
Last edited by Wolf Child; 01-06-2014 at 10:28 AM.
Good time to pick up some LMCA for the hedge....
EDIT: And the long haul once the transfer is complete....Series A shares..LMCA
Last edited by denco1; 01-06-2014 at 10:40 AM.
Last edited by denco1; 01-06-2014 at 11:06 AM.