Why complain the stock sucks if you are gonna sell at 3.41? Maybe there are a considerable number of people flipping it around buying and selling and doing the same thing...
Company isn't going to hype the stock and move the price based on news while a buyback is underway. It's just not. And they can find one time charges to keep those earnings in check going forward for awhile. As a trading stock it is probably not even really worth it because it is not particularly volatile or even reasonably predictable.
Interestingly enough the share price is capable of messing around here for the next FIFTEEN or so trading days without turning down the 50 (much, it will flatline it) or turning down the 100. Takes everything right up to the Q3 call or very close (Columbus day closed markets?) I almost pulled the trigger on a bunch of Jan 3's earlier today but like anyone I get frustrated / concerned on moves like this and won't usually commit. This move today was not something I expected.
Whole market is on a pullback of about 5%. SIRI typically doubles that, and has run a 10% pull back.
Time will keep ticking on and people will keep getting frustrated and sell out and be done. Lack of news makes for lack of buyers and lack of buyers makes for lack of movement in the stock which makes for an increase in frustration of holders and an increase in sellers over time. I still think it hits around $4 at some point here and yet again pulls back to the 3.50 area... unless of course it just drags up there super slow.