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Thread: SIRI Monthly Thread August 2014

  1. #91
    midas360 is offline
    Senior Member
    midas360's Avatar
    Joined: Dec 2012 Location: Trading Pit Posts: 495
    1 option contract = 100 shares

    9400 contracts x 100 shares = 940,000 shares.

    That is if I am reading your question correctly.
    Stock Chat Room ---> http://us12.chatzy.com/66899682019021 :money:

  2. #92
    SlapShot27 is offline
    @brian65PLS

    If you are interested in KEEPING the shares until you can come up with the cash to eliminate the margin loan, I think (I THINK) margin interest offsets capital gains- from a tax perspective. I only mention this as it makes "paying" the margin interest more palatable. Check with Steiny or your tax professional before acting. I am NOT a tax professional (nor did I sleep at a Holiday Inn last night) so my advice is not to be relied on as pure fact.

  3. #93

  4. #94
    SlapShot27 is offline
    Quote Originally Posted by Wolf Child View Post
    .......
    +100!!!!!!!!!!!!!!!!!

  5. #95
    brian65PLS is offline
    everything turned out fine. Shares sold at 56 cents rather than Friday's close of 55 cents. Made hundreds and learned a valuable lesson.

  6. #96
    Faulkner_SA is offline
    If someone were to offer me a bet whether or not SIRI would break up tomorrow I would wager yes.

    Because : yes.

    Done staring at the charts.

  7. #97
    denco1 is online now
    Mentor
    denco1's Avatar
    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,546
    Golden cross on LMCA today

    Golden cross about 4 trading days away for SIRI if we can hold in the 3.50s

  8. #98
    dm_4 is offline
    Enthusiast
    dm_4's Avatar
    Joined: Dec 2012 Location: Boston, Ma Posts: 199
    volume sux today

    SF i hope no one made you that offer.

  9. #99
    Faulkner_SA is offline
    I dunno man it's up $0.005 ! Forgot about the stupid Fed minutes today. Locking everything.

  10. #100
    Faulkner_SA is offline
    I will say the longer it drags on low volume sideways at highs like this the more I like it. Just pulls all those averages up.

    20 day breaches 200 tomorrow. 50 shortly after.

    The whole thing is setting up for a 1, 2, 3, 4... and on and on punch.

    Still feel like we need to see a debt issuance announcement to indicate the third $2 bil is locked in and ready to go.

  11. Ad Fairy Senior Member
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