Alot of supposed longs got scared and jumped ship.

The old stock market adage that YOU DON’T LOSE ANYTHING unless you SELL could never be truer.

Cramer has been so wrong on so many stocks that to project that kind of power onto him is giving him WAY too much credit.

Because of his show, there is such a thing as a Cramer “pop” or a Cramer “drop”….but ultimately it is a temporary thing.

I think from thi point forward, it’s important to point out Cramer’s flip flopping. Because he has totally changed his tone. I mean the debt refinancing aside, NOTHING has changed that made him LOVE this company before. NOTHING.

Unless you’re talking about how Sirius DOUBLED it’s subs virtually overnight and created BILLIONS in synergies going forward.

I know you’re angry, and I’m pissed at Cramer too. But directing all your hatred upon him just makes him more powerful…bringing more people to his website and show. He LOVES this.

Forget about it man. Cramer will be eating crow soon enough. If you believe in this company like I do, you KNOW that day is coming.

So call Cramer out. But don’t blame him. The stock has been manipulated by much bigger fish, and there are ALOT of parasites hitching a ride…Cramer being one of them. To say he helped orchestrate this is like saying Bush orchestrated 9/11…it’s giving the man WAY too much credit.

Anyway…Brandon started a second thread on this topic…so lets bring it over there shall we?

Long and strong baby. Long and strong.

In one of your comments you say you are being objective. I have no doubt that you WANT to be objective, but PRESENTING a hypothesis is ENTIRELY NOT SUFFICIENT to “give Jim the benefit of the doubt”. Yes, you have one sliver of evidence that suggests TO YOU that Cramer may be an unwitting pawn in all of this. Still, not nearly enough to give him the benefit of the doubt ESPECIALLY when he seemed to GO OUT OF HIS WAY to PROMOTE the stock. Here’s the link for him calling SIRI a $5 stock a mere 3 months before the merger was approved:
http://www.cnbc.com/id/1584023.....amp;play=1

What I don’t understand is how GS’s EXISTING February 2009 convertible ownership turns a $5 stock into a $1.40 stock??? The analysts who have MUCH HIGHER price targets on this stock are ALSO PRIVY to that fact, aren’t they?

I too revised my views of Cramer after the merger. I definitely jumped on the Bashing Cramer bandwagon. After what us longs have been thru…that was understandable.

Then things got ugly, and I see how blaming Cramer made us victims. Cramer is Cramer. Hes great if he praises your stock. And an Asshole if he bashes. Hes just an entertainer.

Having said that, now that the dust has settled so to speak, I can take a more objective view. And although I don’t think he’s “responsible” for what happened. I do hold him “accountable” for what he says going forward.

I see both sides. And I know you’ll continue to shine light on both those sides like you always have.

Yes, the Goldman issue is valid. But on the same token, does it REALLY warrant Cramer’s COMPLETE change of tone about the company? I think this is a valid question. And one that should continually be asked. I know that SiriusBuzz has always been fair even with their positive view of the technology, they haven’t been just pumping the stock.

Cramer has every right to re-evaluate his stance on the stock. But the BIG issue for me is his COMPLETE abandonment in his public support of the company. I know he has to walk a fine line. But you have to admit his flip flop is pretty dramatic and jarring.

I felt a journalistic responsiblity to inform SiriusBuzz readers. If I had with-held this information, SiriusBuzz would have lost all credibility. I have a responsibility to my readers to make any and all facts available. Contrary to popular belief, SiriusBuzz is not SiriusPump.

I had to find a way to get this news out without causing a panic. I was the one who picked up on the story of Goldman buying shares…when I realized that they were probably only covering their short position or using them for options writing, I had to set the record straight.

That line of reasoning then led me to Cramer and the story he has been repeating. Once I tied Goldman to Cramer, I felt that a story should be written to not only explain the Cramer thinking, but also put into written word why he may not be correct.

I agree with MERGER SUPPORTER’s post that Cramer has changed his ENTIRE tone. And to question that is totally FAIR. I mean even if he thought the stock was iffy right now…WHERE did his FANBOY love of the product go?? You can’t be THAT much for the product and service, say that it should go to $5 after the merger, fight the FCC THAT strongly, Say that it is a screaming BUY BUY BUY and then do a complete 180 because of the debt refinancing. Yes, it was an ugly way to close the merger….BUT…

Does it warrant TOTALLY abandoning the stock? I don’t think so. I’m a long who has been burned, and I’m not one of those screaming for Cramer’s head….BUT…I do feel It is completely valid to challenge Cramer’s sudden sour tone.

Isn’t that the main reason people are pissed off? Does that debt refinancing suddenly make it a bad company? Especially after Cramer showered it with love for so long? What has changed? NOTHING. Why would Cramer love it before the merger and now hate it? The debt was there before! And regardless of the ugly deal Mel had to do…WHAT CHANGED??? The combined company has TWICE as many listeners now and will save BILLIONS down the road in synergies.

So it’s this issue that bothers me about Cramer’s change in attitude.

If you go back and listen to his rants against the FCC, of how terrestrial radio is dead and how after the merger Sirius is going to be in EVERY car.

AND THEY STILL WILL BE now that the merger is done. So why isn’t Cramer highlighting that? He isn’t. Instead he pointed to the OIL crisis and the slow down in car sales to “support” his new argument. The same way the bashers and shorts have “cherry picked” their “facts” in the past to bash the stock.

Cramer doesn’t mention the fact that OEMs are actually UP despite the slowdown. And what about the fact that OIL is dropping now?? With gas soon to follow? Cramer hasn’t mentioned this once.

Instead he(and heres where the tone comes in)…instead he SARCASTICALLY says to STOP SEARCHING for SIRIUS on his website, that it’s NOT a $2 lottery ticket anymore, it’s a $1 lottery ticket.

Say what you want about how Cramer isn’t culpable for what happened right after the merger….but his TOTAL ABANDONMENT of his positive outlook for the company and product has COMPLETELY DISAPPEARED.

When Mel came on the show and threw that rubber bear at him and pointed his finger at Cramer’s chest DEFYING him to name a stronger company in the sector with MORE promise….Cramer didn’t argue.

But thats the point. HE DIDN’T AGREE EITHER. After nearly a year of saying how great the product was and how the company if merged would CRUSH terrestrial radio…he just dropped his enthusiastic tone.

You can say the current stock will have struggles short term because of the debt or whatever….but Cramer’s ENTIRE tone is ALL about how it’s a bad stock. The way he spits out the phrase “It’s a one dollar lottery ticket” is said with such contempt, it is no mystery where Cramer is coming from.

If he LOVED the company and product as much as he said he did, he’d lament the way the deal was closed, but he’d ENDORSE the company and the stock into the future.

Sure…say it may be too volatile until February….but to BASH it the way he has?

If Cramer got a death threat….is that any reason to unleash his fury on the company he once praised? Because as he said many times before…he has gotten such threats THROUGHOUT his career for many stock calls.

So if it isn’t that…then I think its within everyone’s right to QUESTION his sudden change in tone. He’s not just going against what he said in the past, or “Warning” new shareholders to stay away now…he is BASHING the stock and company. Plain and simple.

It’s entirely unpredictable. Leverage and Growth. Who wants to swim in this puddle. I have finally seen the light, after years of holding sirius. You have got to be nuts to buy this company.