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Thread: Sirius XM JULY - SEPTEMBER 2018 *** SIRI OVER $7 ***

  1. #21
    midas360 is offline
    This is what happens when king midas is not around. Sirius XM is buying Pandora. Probably explains why the stock is down today. Congrats to all of us that still own Sirius XM shares. God Bless!

    Quote Originally Posted by bdp. View Post
    What has happened to everyone? Anyone still holding Sirius?
    I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT

  2. #22
    bcoz is offline
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    Joined: Jan 2014 Location: Vestal, NY Posts: 34
    Yep,but adding the tracker today.

  3. #23
    Nazareth is offline
    What will the future look like any crystal ball thoughts.......

  4. #24
    bcoz is offline
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    Joined: Jan 2014 Location: Vestal, NY Posts: 34
    Siri busted below all of the moving avgs (even 200 day) and Fibonacci support levels today. I expect it to retrace all of them ... but when is anybody's guess. Great opportunity today for long term cash.

  5. #25
    Rewind is offline
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    Joined: Oct 2017 Location: Los Angeles Posts: 2,909
    Just a few days after agreeing to pay higher royalties to the recording artists whose songs they play, SiriusXM makes a $3.5 billion acquisition of Pandora, which has only six million paid subscribers and has never made a profit in its 18 years and nine months of existence. Yeah, that certainly seems like a wise business decision! And how well did SiriusXM and Pandora stock perform today? Don't ask.

    SiriusXM: $6.26, -0.72 (10.32%)
    Pandora: $8.98, -0.10 (1.10%)

  6. #26
    bdp. is offline
    Sirius will be up to $8 by year end and doubles in less than 8 quarters.
    I’m confident these cats know what they are doing. If I had any more cash I would load up on Siri while it is still on sale.

  7. #27
    lbowa is offline
    Junior Member
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    Joined: Dec 2012 Posts: 11
    SIRI is buying P with SIRI stock. The lower SIRI stock is the cheaper the price for P. Once the deal is done SIRI will be free to run back up - but until then expect the price of SIRI to be held down - by those that control SIRI and want to pay as little as possible for P. Already the $3.5B price reported yesterday has been reduced to $2.5B by SIRI's price drop. Has Malone's fingerprints all over it

  8. #28
    bdp. is offline
    Quote Originally Posted by lbowa View Post
    SIRI is buying P with SIRI stock. The lower SIRI stock is the cheaper the price for P. Once the deal is done SIRI will be free to run back up - but until then expect the price of SIRI to be held down - by those that control SIRI and want to pay as little as possible for P. Already the $3.5B price reported yesterday has been reduced to $2.5B by SIRI's price drop. Has Malone's fingerprints all over it
    Yes It’s pretty clear what’s going on. The all stock deal was destined to drag the sp into the toilet just for the very fact of dilution. So here is what I think. Sirius/Liberty will stick to their guns while Pandora Shops around for a better deal which will most likely not happen. P stock gets killed in the meantime so Sirius throws them a bone and renegotiates the deal as either stock / cash or all cash that is considerably less than the 3.5 bln. But more than the possible deficient SP of P at that time. They will take it because P will have exhausted their cash reserves and will have no other choice. Does anyone know their current cash on hand and burn rate? The day their cash is gone is the day Sirius steels the company. Much more complex of course but I think that’s about the gist of it. Remember, Liberty does have a track record of acquiring companies on the cheep so it didn’t make much sense to me for them to acquire P for 3.5 bln. I think the sP slaughter is absolutely planned. Just nobody panic when Siri dips into the $5.xx range. It’s better for us in the long run to drag P down with us.
    Last edited by bdp.; Yesterday at 03:11 PM.

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