More folks still mulling over the latest $2 billion being added.
Looking At The Significance Of Sirius XM's Latest $2 billion Share Repurchase Program
More folks still mulling over the latest $2 billion being added.
Looking At The Significance Of Sirius XM's Latest $2 billion Share Repurchase Program
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Wuz getting a little nostalgic myself tonight so I was just perusing some posts from back at the start of the year. This little gem was from Jan 6, 2015.
For the record Denco came in after and posted a EOY target of $1, I guess employing the old "Price is Right" strategy of hoping everyones disqualifies themselves with an over-bid.
Assuming, as Waldo mentions above, that "Price is Right" rules are in place, if the year ended today Waldo would be the closest but over-bid, leaving Denco to COME ON DOWN!
However, at this point in the year, there's still a little less than 4 months to go and a lot could happen so fasten your seat belts and hang on for the last four laps!
Beehaus, you have some serious water to carry to hit your target. Same with BDP.
I'm starting to thing that S.F's $4.18 might be the price to beat. Not making predictions....just sayin'
Last edited by user34615145; 09-03-2015 at 01:25 AM.
Last edited by user34615145; 09-03-2015 at 07:04 AM.
Good morning folks! Another quiet and productive day in the forum. It's looking good for SIRI investors who bot the dip. The stock looks to be opening up a penny or 2 which can be a lot if you trade huge blocks (which I know that some do). Congrats! Only news today is the usual "Content News" which is always good for SIRI customers. Good luck and I hope you do well!!
Edit: @user... there's 4 months left until the EOY. Anything can happen my friend.
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Chinese markets are closed today (Thursday) and Friday. Monday could be a bad open for global markets when it comes back online.
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Sirius XM Naysayers Are Piling Up
The satellite radio monopoly has its highest short interest since late last year.
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
160.5 million shares sounds like a lot but then SIRI has a many billions of shares outstanding. When float is taken into account 160.5 million isn't even a pimple on the ass of John Malone (sorry for the visual )
As a percentage of the Float - those shares that are available for trading, 160.5 million shares represent just about 7.3%. And days to cover based on trading volume is about 6. Not any small amount to be sure, but certainly there are stocks out there with higher percentages of their float sold short and who have many more days to cover, should any squeeze develop. See the link below.
NFLX for example has "only" 30 million share sold short but that's 7.4% of their float - a higher percentage than SIRI
WIN has only 32 million shares sold short but those 32 million represent a whopping 31% of their float - with the same 6 days to cover that SIRI has
PPC - Pilgrims Pride - the Sausgage People - has a HUGE 65% of their float sold short and it would take more than a month at current volumes to cover those shorts, but Munarriz doesn't write articles about them though, because they wouldn't get the clicks he gets with SIRI.
The article's title is designed to draw in views and perhaps that's not the author's doing. In fact, his article is a fairly positive take on the current state of the stock.
http://online.wsj.com/mdc/public/pag...highlites.html
Last edited by user34615145; 09-03-2015 at 03:25 PM.
Two items of note that make a breakout less likely. However imo, the handle was already way to long to give the pattern a lot of conviction.
1) A break below the low point of the handle (3.63/3.64) reduces the likelihood of a breakout. This occurred on 8/24/2015
2) On a closing basis, if you have a close below the mid point of the cup (left rim @ 4.12 and bottom @3.07) then the pattern has a much less likelihood of a breakout. This puts an 'official' failure with a close below 3.59/3.60. On 8/24/2015 we recovered to have a close @ 3.60.
It's pretty close to being defined as a failed breakout, but not 'officially'. But that might be splitting hairs because of the time factor involved and that is where personal decisions (or frustrations) come in to play. There were two long term competing patterns; Cup & Handle and Head & Shoulders. So far the Head & Shoulder has won out. Those who played it correctly took some profits on the breakdown (hence the strong snap back on 8/24/2015). Oddly we should be thanking them (the shorts and day traders) for the strong snap back to save a 3.60 close. The buyback could only account for a max of [roughly] 10.25 million shares on 8/24/2015.
With 8/24/2015 close @ 3.60 SIRI needs time to build another base to attempt another breakout.
Edit: Some also use the handle dropping below the 200 day moving average to negate the pattern, I do not use this. But in this case it would have been an accurate tell of a failed breakout [thus far].
Last edited by waldo29; 09-03-2015 at 05:12 PM.