SiriusXM Weekly Stock Thread for March 15, 2010

http://www.marketwatch.com/story/cor...k=MW_news_stmp

NEW YORK, Mar 14, 2010 (GlobeNewswire via COMTEX) -- In a release published on March 12, 2010 under the same headline by The NASDAQ OMX Group, Inc. /quotes/comstock/15*!ndaq/quotes/nls/ndaq (NDAQ 19.98, -0.32, -1.58%) , note that the company name and ticker symbol for Sirius XM Radio Inc. /quotes/comstock/15*!siri/quotes/nls/siri (SIRI 0.92, +0.01, +0.71%) were incorrect. The corrected release follows:

The NASDAQ OMX Group, Inc. /quotes/comstock/15*!ndaq/quotes/nls/ndaq (NDAQ 19.98, -0.32, -1.58%) announced today the results of the quarterly reranking of the NASDAQ Q-50 IndexSM /quotes/comstock/10y!i:nxtq (NXTQ 134.43, -1.68, -1.23%) , which will become effective with the market open on Monday, March 22, 2010.

The following eight securities will be added to the Index: Amylin Pharmaceuticals, Inc. /quotes/comstock/15*!amln/quotes/nls/amln (AMLN 23.18, +2.92, +14.41%) , Gentex Corporation /quotes/comstock/15*!gntx/quotes/nls/gntx (GNTX 20.15, -0.08, -0.40%) , Lincare Holdings Inc. /quotes/comstock/15*!lncr/quotes/nls/lncr (LNCR 41.99, -0.39, -0.92%) , Micron Technology, Inc. /quotes/comstock/15*!mu/quotes/nls/mu (MU 9.66, -0.31, -3.11%) , Rambus, Inc. /quotes/comstock/15*!rmbs/quotes/nls/rmbs (RMBS 21.96, -0.40, -1.79%) , Sirius XM Radio Inc. /quotes/comstock/15*!siri/quotes/nls/siri (SIRI 0.92, +0.01, +0.71%) , Vistaprint N.V. /quotes/comstock/15*!vprt/quotes/nls/vprt (VPRT 59.78, -1.09, -1.79%) , and Windstream Corporation /quotes/comstock/15*!win/quotes/nls/win (WIN 11.12, +0.16, +1.46%) .

The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index(R). The NASDAQ Q-50 Index is reranked on a quarterly basis. For more information about the NASDAQ Q-50 Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.

March 14, 2010, 11:37 AM EDT
From Businessweek

March 14 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 6:01 p.m. in New York on March 12.

Dr Pepper Snapple Group Inc. (DPS US): The third-largest U.S. soda maker may rise as much as 25 percent as consumers seek variety in refreshments, Barron’s reported.

Lennox International Inc. (LII US): The maker of heating and cooling equipment increased its quarterly dividend to 15 cents a share from 14 cents.

Lowe’s Cos. (LOW US): The second-biggest U.S. home- improvement retailer may rise as much as 30 percent as the housing market stabilizes and consumer confidence increases, Barron’s reported, citing Brian Nagel, an analyst at Oppenheimer & Co. in New York.

MGM Mirage (MGM US): The casino operator and Dubai World said the primary general contractor for their Las Vegas joint venture CityCenter intends to file mechanics’ liens claiming about $492 million.

MTN Group Ltd. (MTNOY US): Africa’s largest mobile-phone operator may rise as much as 30 percent in 12 months to 18 months as the wireless market expands on the continent, Barron’s reported.

Sirius XM Radio Inc. (SIRI US) rose 1.1 percent to 92 cents. The only U.S. satellite radio broadcaster sold $800 million of five-year senior notes after boosting the size of the offering, according to a person familiar with the transaction.

--Editor: Nick Baker, Joe Sabo.

To contact the reporter on this story: Rita Nazareth in New York at rnazareth@bloomberg.net.

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net.

. . . per msmobiles.com:

Video review of SXRadio2 - Sirius XM radio player for Windows Phone
March 14, 2010 [General]

Really? Yes, it really works... and you can listen with this app to all the Sirius XM channels that are available online, including Howard Stern (not available in iPhone app for Sirius XM!) and Martha Stewart channels as well as plenty of commercial-free music channels (select "480p" to get maximum video quality):

http://mobile.msmobiles.com/news.php?id=9026

http://jutiagroup.com/2010/03/15/mar...io-nasdaqsiri/

Sales of high-yield, high-risk debt reached the most since December amid signs the economic recovery is gaining strength. Sirius XM Radio (NASDAQ:SIRI) sold $800 million of five-year notes after increasing the size of the offering by $250 million to lead $1.65 billion of high-yield issuance on March 12. “High yield has certainly had a fantastic move, both in terms of new issuance, which is great for companies that need to fund themselves, and spreads that keep tightening day by day,” said Jeffery Elswick, director of fixed income at Frost Investment Advisors, who helps oversee $3 billion of fixed- income assets in San Antonio. -Bloomberg

FCC Nixes Appeal Of Sirius, XM License Grants By Primosphere
March 15, 2010 at 10:30 AM (PT)

PRIMOSPHERE's attempt to revive its bid for a satellite radio license has been shot down by the FCC, which has denied an Application for Review of the 1997 auction in which SIRIUS SATELLITE RADIO and XM SATELLITE RADIO won the two available licenses. PRIMOSPHERE appealed the grants and the denial of its application, and moved in 2004 to withdraw its application for review, only to move in 2007 to wihdraw the withdrawal, citing the merger application of SIRIUS and XM as a reason.

The FCC ruled that the grant of licenses to SIRIUS and XM and an appellate court affirmation of the grant rendered PRIMOSPHERE's appeal moot.
The Commission also proposed a $4,000 fine against ESCALANTE CITY, UT for a late license renewal application and unauthorized operation of FM translator K237AD/ESCALANTE, UT.

I added to my position in FAZ this morning, 14.67. I believe we will see a nice snap back in the coming weeks. The markets are losing steam as they approach prior highs. I am praying the Fed says something about raising rates. I am down about 25% on this swing with FAZ, I have added the entire way down. I am levered to this baby now. I still own 600 shares of FXP which has hit and formed a nice bottom. I believe this is also a nice short term play on China cooling down. As for SIRI, do I have to drop the dead money term, or is that common knowledge? Mel got me again! I own 5000 shares of that garbage and of course the pom pom crowd got me off the fence above a dollar....pricks. I could have used that 5k to dollar cost average into my short positions. Mel wins again, this is a common theme with siri. I wonder if we will ever see a dollar again, naturally. Not with a 50-1 reverse that is looming. Have a good day, its a wonderful world out there, not so much.

Side note from the insiders at Fidelity/LPS...housing has another 15-25% downside risk. The shadow foreclosures market is growing and the banks are not even marketing them, they won't even sell them short for cash. I personally know of 5-10 foreclosures where the Realtor has multiple buyers, some cash, and the banks won't even return calls. They don't want to get taken to the wood shed, but its inevitable. I still believe this rally from last March has been a re-inflation of the prior bubble. I would protect my gains going forward, I think this "rally" is getting a little long in the tooth.

Good luck today
Big Ben

Quote:

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Originally Posted by Big Ben

I added to my position in FAZ this morning, 14.67. I believe we will see a nice snap back in the coming weeks. The markets are losing steam as they approach prior highs. I am praying the Fed says something about raising rates. I am down about 25% on this swing with FAZ, I have added the entire way down. I am levered to this baby now. I still own 600 shares of FXP which has hit and formed a nice bottom. I believe this is also a nice short term play on China cooling down. As for SIRI, do I have to drop the dead money term, or is that common knowledge? Mel got me again! I own 5000 shares of that garbage and of course the pom pom crowd got me off the fence above a dollar....pricks. I could have used that 5k to dollar cost average into my short positions. Mel wins again, this is a common theme with siri. I wonder if we will ever see a dollar again, naturally. Not with a 50-1 reverse that is looming. Have a good day, its a wonderful world out there, not so much.

Side note from the insiders at Fidelity/LPS...housing has another 15-25% downside risk. The shadow foreclosures market is growing and the banks are not even marketing them, they won't even sell them short for cash. I personally know of 5-10 foreclosures where the Realtor has multiple buyers, some cash, and the banks won't even return calls. They don't want to get taken to the wood shed, but its inevitable. I still believe this rally from last March has been a re-inflation of the prior bubble. I would protect my gains going forward, I think this "rally" is getting a little long in the tooth.

Good luck today
Big Ben

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Big Ben is in the HOUSE. Nice to have you back you gloomy mfer lol.

Ben, I have a secret. Buy low.......... sell high. What were you thinking getting into SIRI >$1.00? And now you are down on FAZ.

I just sold GE for profit. Held on to two thirds of the position in case it continues to go green. Bought ATT and VZ last month. Both are in the red, but will see some decent dividends going into cash.

Had dinner with a former stockbroker last night. He's bearish after 2013 due to baby boomers retiring and creating a lot of supply on the market. When asked what would I invest in during this time, I said buy a short ETF lol. He liked it.

Here's an S&P rating update:

On March 16, 2010, Standard&Poor's Ratings Services assigned its issue-level and recovery ratings to Sirius XM Radio Inc.'s (B/Positive/--) $800 million senior unsecured notes due 2015. We rated the notes 'B' (the same level as the corporate credit rating on the company) with a recovery rating of '4', indicating our expectation of average (30%-50%) recovery for noteholders in the event of a payment default. At the same time, we raised the issue-level rating on the $230 million 3.25% convertible notes to 'B' from 'B-' and revised the recovery rating on the notes to '4' from '5'. The upgrade of the issue rating reflects the revision of the recovery rating, which was based on the upsizing of the transaction

Quote:

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Originally Posted by Big Ben

I added to my position in FAZ this morning, 14.67. I believe we will see a nice snap back in the coming weeks. The markets are losing steam as they approach prior highs.

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Hello Ben,
Yes, I loaded up on some FAZ at a hair over 18 (right around the time you were proclaiming it a "screaming buy" - and I agreed with you then). I also think we'll rebound soon, and perhaps in a big way. Do you think the coming stress in the commercial real estate market will drive it up? I do. I also took a large position in IRE after really watching that country work hard to stay ahead of the curve during their own financial crisis. Looking for a big gain there over the next year.

As for SIRI, I just don't know. I unloaded a bunch at 1.01 and I'm just waiting for a good re-entry point. I just don't know when that will be and your guess is as good as mine. I'm thinking we'll see the mid-.80s before too long though..

Hey Big Ben - the Dow is up 75 pts today!!! GE picked up some more green, and I will sell off another third and TAKE PROFIT.

I'm buying SPXU today (ProShares UltraPro Short S&P 500 (ETF)). I can't believe the Dow is flirting with 10.8 and maybe soon to be 11.