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Thread: SIRIUS XM Weekly Stock Talk 5/26-6/1

  1. #21
    Wolf Child is offline
    3.23 huh?

    I f'n knew we'd get dragged down below 3.25 again because that seems to be high end of the buyback range.....

    sold some@ 3.30-3.35 but obviously not enough.

    Edit: Getting chewed up and spit out. Bought into the massive buying @3.32 head fake when we dipped to 3.26...... all pain from there. Equal opposite reaction?

    Anyone still here?
    Last edited by Wolf Child; 05-30-2014 at 02:10 PM.

  2. #22
    Geoworld is offline
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    Joined: Dec 2012 Location: 95482 Posts: 71
    Russel 2000 Index rebalancing today. Lot's of selling and volatility created.

  3. #23
    Wolf Child is offline
    Thanks Geo..... i thought it was yesterday

    Sirius XM Holdings Inc. (NASDAQ: SIRI) has a huge amount of stock heading for the sell desk. A whopping 5,472,480 shares are to be sold. While that does seem like a large amount of stock to sell, it only represents 10% of the company’s huge daily trading volume. The consensus price target for the satellite radio company is $4.25. The stock closed Wednesday at $3.30.

    Sometimes a rebalance can truly move a stock, and sometimes you would never know it was happening. Much can depend on other news of analysts’ comments that come out during the day. One thing is for sure, as the clock ticks down on Friday, expect to see some volume come in to the trading of these names.

    Read more: Top Stocks That Will See Big Selling as the Russell Rebalances Friday - Corning (NYSE:GLW) - 24/7 Wall St.
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    Last edited by Wolf Child; 05-30-2014 at 02:45 PM.

  4. #24
    BJH is offline
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    Joined: Dec 2013 Posts: 43
    Quote Originally Posted by Wolf Child View Post

    Anyone still here?
    I'm still around reading. I bailed out the other day at 3.30. I'm looking to get in again at 3.18 right now. I'll reevaluate if need be. I've just been going for the base hits the last 2 or 3 weeks. The 3.30 I dropped where bought at 3.18

  5. #25
    waldo29 is offline
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    Joined: Dec 2012 Posts: 197
    Edit: * As far as what I can tell*, today was the MSCI re-balancing (re-weighting), Russell takes place in June.
    Last edited by waldo29; 05-30-2014 at 06:42 PM.

  6. #26
    surfer5 is offline
    Junior Member
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    Joined: Jan 2013 Posts: 2
    Hey everybody.I have been a long time lurker here.
    Decided to post when I noticed on the Charles Schwab client news feed for less than 12 Form 4 SEC filings.My understanding is these can be insider buys or sells.Could they be responsible for the high volume we have had?I tried to do a screen capture but was unsucsesful.They are from various executives including Greg Maffei.
    Thanks to all the long time posters here your insight is greatly appreciated.

  7. #27
    denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 2,049
    Those Form 4s are from May 22 and are registered stock options to all Board members approved at annual meeting. All were issued 61634k shares that are exercisable as of 5/20/2015 and expire 5/24/2024 at a price of 3.35/share.
    61634 x 12 = 739608k shares...less than 1mn

  8. #28
    surfer5 is offline
    Junior Member
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    Joined: Jan 2013 Posts: 2
    Thank you.Denco.most appreciated. I understand now.

  9. #29
    siriusly_invested is offline
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    Joined: Dec 2012 Posts: 799
    Denco, looks like our "Game is On" again this year. That was a hell-of-a-game last night for the Spurs. It looked a little "iffy" for a fleeting moment, but now our respective favorites are set for a showdown beginning Thursday night. May the best team win.

  10. #30
    denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 2,049
    Hey SLy...yes, it was a great way to close out the series on the road. My Spurs need the rest going into this rematch against the defending champs. Should be a great series.....agreed, may the best team win....can't wait for Thursday.

  11. Ad Fairy Senior Member
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