The good news is that volume was lighter than average and lighter than the previous session. The bad news is that SiriusXM went down further again today. The equity seemed to be holding the line in the early session, but gave up and sold off in the afternoon,… → Read More
SiriusXM Lull Continues
SiriusXM did a bad thing today. The equity closed below a critical support and resistance point of $3.42. We saw a head fake above that level, but the equity could not hold the line. Meanwhile Liberty Media continues to appreciate. It has to be a dynamic that is… → Read More
Pandora Wins ASCAP Ruling, Celebrates by Raising Subscription Prices
In a ruling last week Pandora was ordered to pay ASCAP, a performance rights organization, 1.85% of its annual revenue. Pandora had hopes of a rate of 1.7% but, with ASCAP looking for a whopping 3.0%, the final agreed upon rate, which was at the top of their… → Read More
SiriusXM Slide Continues
There is not very much in the technicals that looks good for SiriusXM right now. Adding insult to injury, we are getting dangerously close to seeing the 100 Day EMA cross below the 200 day EMA. That is typically not a good thing. At this point those that… → Read More
SiriusXM Not As Free As It Seems
I spent the better part of Friday and today assessing the news that Liberty Media delivered after the market closed on Thursday night. I offered up my initial reporting here and on Seeking Alpha. Now it is time to assess beyond what is already widely known. The deal… → Read More
Liberty Media Pulls Offer On SiriusXM – Creates Tracking Stocks
Liberty Media did not wait for Evercore to assess any further. The media giant withdrew its offer to bring SiriusXM under its umbrella and instead is going to create two tracking stocks. The first tracking stock will be known as Liberty Liberty Media while the other will be… → Read More
Liberty Media Undervalued
SiriusBuzz Premium Members get the news here first. Just three months ago Liberty Media (LMCA) seemed to be in a “full steam ahead” acquisition mode. That strategy could change to a share buyback mode given the recent developments with the Liberty Media stock price. Compared to its major… → Read More
Danger Zone For SiriusXM
Investors that were upset about the ratio price that valued SiriusXM shares at $3.68 are probably wishing they could get that price today. SiriusXM closed the day at $3.43 and is danger of dipping down to levels many thought were ancient history. One saving grace is that it… → Read More
SiriusXM Testing Dangerous Waters
The action today happened on higher than average volume. SiriusXM broke below the sentimental level of $3.50 and closed at $3.47. Simply stated, the equity is testing dangerous waters. With no information on the Liberty situation forthcoming, investors are beginning to have their proverbial patience tried. Unfortunately, all… → Read More
SiriusXM Getting Bearish
Don’t shoot the messenger. SiriusXM is showing some bearish signals, while at the same time consolidating into a very tight range. The importance here is this… At some point SiriusXM is going to make a move. It has to. What we want to see is that move coming… → Read More
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