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Thread: SIRI Intraday Updates for the Week of 10/27/08

  1. #11
    Demian is offline
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    Was there news explaining the huge decline is my question?

    http://www.streetinsider.com/Insider...n/4096621.html

    SIRIUS XM Radio (SIRI) Sees Upside Action
    October 27, 2008 10:18 AM EDT

    Shares of SIRIUS XM Radio Inc. (Nasdaq: SIRI) are 21% higher this morning for the second straight session following the stocks free-fall since the merger was completed at the end of July.

    There is no news explaining today's move. The stock has only seen 6 up days out of the last 21 sessions.

    SIRIUS XM has seen extreme pressure as investors question the company's viability as a going concern due to its debt load. Common holders fear bond holders may eventually take over. Also there is fears about a reverse split and another capital raise.

    Sirius XM Radio, Inc. provides satellite radio services in the United States.

  2. #12
    PMO is offline
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    Smile Technicals ...

    Parabolic SAR key point is .42 and SIRI north of it, to the bullish side, but don't get too excited--the stock is still running parallel to and significantly under its 50-day SMA. This said, though, the moving average is under $1, so if the current trend continues and an upside breakout confirms above the 50d SMA, then smiley faces for longs ... and we then start paying closer attention to the 200-day SMA.

  3. #13
    demonotaku is offline
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    Originally Yes, the shares were deluted, then it was all the worry brought on by the Debt issue. Nothing really bad news wise happened between September meeting and the RS talk

  4. #14
    imromo24 is offline
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    could it have been the frightfully freaky halloween channel announcement?

  5. #15
    Demian is offline
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    Looks like it broke down before retesting the HOD @ .44.......

    Looking at the chart again, I see the HOD of .45 on Oct. 16th as a significant wall to cross....

    Siri has now retraced 50% of the day's gains back to .37. If it can bounce off of this level and rebound back towards the high of the day, it would be a good sign...

    If you think that the recent up move is the real thing, now is a good entry point - with a stop just below .37..........

    As always, consult your own financial adviser - as long as they are not Jim Cramer.....
    Last edited by Demian; 10-27-2008 at 03:54 PM.

  6. #16
    Demian is offline
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    http://biz.yahoo.com/prnews/081027/ny41868.html?.v=1

    Press Release Source: SIRIUS XM Radio

    NBA to Air Live Nationwide on SIRIUS XM Radio
    Monday October 27, 3:58 pm ET

    XM Delivers More Than 1000 Live Regular Season Games, Plus Every Game of The NBA Playoffs and The Finals Games Will Be Available On SIRIUS With "Best Of XM" Programming Option.

  7. #17
    Demian is offline
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    SIRI was trying to move back towards the high of the day, but the market tanked huge into the close.

    SIRI closed @ .38 - up over 30%!

    Not bad for a bloody, DOW down 200, day.......

  8. #18
    SiriusXMInvestor is offline
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    Again it was brought down on a few 100 share dumps in the last 2 minutes via the CINN. When will Mel investiagte the manipulation of this stock? I would not be jumping up and down unless your bought in the .20's. I suspect tomorrow will be take back day for the manipulators.

  9. #19
    demonotaku is offline
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    Quote Originally Posted by SiriusXMInvestor View Post
    Again it was brought down on a few 100 share dumps in the last 2 minutes via the CINN. When will Mel investiagte the manipulation of this stock? I would not be jumping up and down unless your bought in the .20's. I suspect tomorrow will be take back day for the manipulators.
    The Entire Market tanked then.

  10. #20
    SiriusXMInvestor is offline
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    Quote Originally Posted by demonotaku View Post
    The Entire Market tanked then.
    Didn't matter, SIRI was heading down anyway. This happens every single day. This has become so suspicious and I believe Mel is in on it. The more I read from Hartlieb the more I believe this is a well organized conspircy to BK and phuck the shareholders.

  11. Ad Fairy Senior Member
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