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Thread: SiriusXM Daily Stock Talk - St. Patty's - 3/22/2014

  1. #1
    Wolf Child is online now

    SiriusXM Daily Stock Talk - St. Patty's - 3/22/2014

    http://finance.yahoo.com/news/call-b...111614943.html

    Options say YES

    "Liberty Media might not want to buy Sirius XM, but investors want to own the satellite-radio stock.

    optionMONSTER's Heat Seeker system detected the purchase of more than 145,000 SIRI January 4 calls on Friday, most of them priced for $0.17 to $0.26. The volume was more than double the strike's previous open interest of 68,360 contracts, indicating that new positions were initiated.

    These long calls lock in the price where investors can buy SIRI stock, letting them cheaply leverage a move higher. The contracts can also generate significant leverage, but they will expire worthless if shares remain below $4 through early next year. (See our Education section)

    SIRI rose 2.08 percent to $3.44 on Friday after Liberty Media Chairman John Malone abandoned a takeover attempt. The move will let Sirius resume a buyback program in a stock that's near the low end of its recent trading range following a steady slide since October.

    Later in the session, traders sold about 35,000 January 3 puts in SIRI for $0.22 to $0.24, reflecting the belief that downside is limited . As long as the stock stays above $3, they'll keep that premium as profit.

    SIRI was the fourth-busiest name in the option market on Friday, trailing only heavyweights Apple, Facebook, and Bank of America. Aggregate option volume in Sirius was 23 times greater than average, with calls accounting for more than 80 percent of the total."

  2. #2
    Wolf Child is online now
    LUCK O' THE IRISH TO YA!!


  3. #3
    Slip60 is offline
    Junior Member
    Slip60's Avatar
    Joined: Mar 2014 Posts: 14
    Resumed at Overweight by Evercore Partners (weren't they helping to advise on the Liberty offer?). I don't have a link, Shows up on TD Ameritrade.

  4. #4
    lakefun1 is offline
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    Joined: Jan 2013 Location: MI. Posts: 54
    look at PHOT run today

  5. #5
    Wolf Child is online now
    DOW up 200

    SIRI UNCH on a ton of positive news.

    We are so hated.

  6. #6
    lakefun1 is offline
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    Joined: Jan 2013 Location: MI. Posts: 54
    Quote Originally Posted by Wolf Child View Post
    DOW up 200

    SIRI UNCH on a ton of positive news.

    We are so hated.
    i do think we will come back, just ever so slowly this time

  7. #7
    Wolf Child is online now
    Quote Originally Posted by lakefun1 View Post
    i do think we will come back, just ever so slowly this time
    I guess our 2% move up last Friday was "Too Far Too Fast"?

    SIRI is only F'n RED ticker in my portfolio AGAIN!

    Almost forgot we are still controlled by Liberty and since the Buyback program is back on, our sp will remain suppressed as usual..... Is that what we have to look forward to? Suppression is better than being Taken Down? F@CK, I hope not.

    I want to be GREEN TODAY!!
    Last edited by Wolf Child; 03-17-2014 at 01:23 PM.

  8. #8
    SN38 is online now
    Looks as though Malone & Maffia killed the goose that laid the golden eggs and ate it for dinner. Only thing left are the bones to pick over. These two guys are real buzz killers.
    Quote Originally Posted by Wolf Child View Post
    I guess our 2% move up last Friday was "Too Far Too Fast"?

    SIRI is only F'n RED ticker in my portfolio AGAIN!

  9. #9
    Wolf Child is online now
    St Patty's Day gave me an excuse to drink heavily.......

    SIRI gave me a reason

  10. #10
    lakefun1 is offline
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    Joined: Jan 2013 Location: MI. Posts: 54
    Quote Originally Posted by Wolf Child View Post
    St Patty's Day gave me an excuse to drink heavily.......

    SIRI gave me a reason
    already am here. enjoying my green Phot. dont know how long it can last or run.

  11. Ad Fairy Senior Member
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