No Nonsense Sirius XM November Thread

[midas360]

+1

Np WB,

You defined it correctly and going to cash would be a consideration. However, I don't want to exit the short position at this time and that is key. I can withstand being underwater on the short, and the additional news of the tracking split gives me great deal of 'certainty' of the price of the stock into the split than I had prior. Prior to the news, the exit plan for the short was in the high 3.80's (3.86/3.87).

Based on the Thursday/Friday interviews, I now think there is a greater liklyhood a HS deal will get done than I did when the short position was put on. I am taking any risk of a positive (for the stock) HS announment off the table from a pure short position. In fact, with the hedge, I would prefer for a positive outcome. If we get a signing, sell the hedge into it and remain short in to the tracking stock split Q1/Q2. I would likely add to the short position after the hedge is sold if it were to materialize (4.24). If we don't get a HS signing, I am willing to lose some of the premium on the call and ride the short in to the tracking stock split and make roughly the same amount from the pure short prior to the news, basically what I was planning on making from the get go.

I don't plan on owning the option near expiration. Another way to look at it, I think the stock will be much lower than 3.97 in to the split.

There are a lot of ways to play it and make money.

[midas360]

Charlie Sheen has HIV. Do not run and look it up. It's not a stock but a virus. It's a shame that Novavax can't download the genome sequence of AIDS and create a vaccine in 90 days.

[waldo29]

Np WB,

You defined it correctly and going to cash would be a consideration. However, I don't want to exit the short position at this time and that is key. I can withstand being underwater on the short, and the additional news of the tracking split gives me great deal of 'certainty' of the price of the stock into the split than I had prior. Prior to the news, the exit plan for the short was in the high 3.80's (3.86/3.87). Now, I feel I have an additional price information and a timeframe to play with.

Also, Based on the Thursday/Friday interviews, I now think there is a greater liklyhood a HS deal will get done than I did when the short position was put on. I am taking any risk of a positive (for the stock) HS announment off the table from a pure short position. In fact, with the hedge, I would prefer for a positive outcome. If we get a signing, sell the hedge into it and remain short in to the tracking stock split Q1/Q2. I would likely add to the short position after the hedge is sold if it were to materialize (4.24). If we don't get a HS signing, I am willing to lose some of the premium on the call and ride the short in to the tracking stock split and make roughly the same amount from the pure short prior to the news, basically what I was planning on making from the get go.

I don't plan on owning the option near expiration. Another way to look at it, I think the stock will be much lower than 3.97 in to the split.

There are a lot of ways to play it and make money, except for cash.

I should also add....There are also a lot of ways to play it and lose money

[wfj]

Denco 1 Thank you for your reply. Appreciate your input.wfj

[midas360]

HAHAHA... love these new aliases everyone is creating. William_B and wfj

Denco 1 Thank you for your reply. Appreciate your input.wfj

[SN38]

HAHAHA... love these new aliases everyone is creating. William_B and wfj

now that's rich

[dm_4]

@DM

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thats cool...i just saw another one it said 500 free for 2 years think that was fidelity to. I was in a rush at the time so i did not follow up the link.

[dm_4]

Another beautiful GREEN futures open....LOVE IT!

[MUSCLE13]

Rdio goes bankrupt. Pandora buys em. Isn't music streaming a great business???? Ha!

[MUSCLE13]

Rdio goes bankrupt. Pandora buys em. Isn't music streaming a great business???? Ha!

Where the heck is Spencer writing years ago about streaming radio is the greatest business on Earth???? Was Slacker the name of the company he loved so much?