SIRI closed at .116 today...
Your thoughts?
Printable View
SIRI closed at .116 today...
Your thoughts?
speechless
So let me get this straight....
The automakers get $17.4 billion, the fed lowers interest rates to record lows, Nasdaq extends the delisting proceedings freeze until April 20th '09, SIRI ups their guidance, and SIRI closes down @ .116....:confused:
yep, today is opposite day
Here is the trade below the bid and the ask that tanked it right at the close...and then a whole bunch went flying through in the seconds after 16:00:00.......
16:00:00 $ .116 25,000
15:59:57 $ .129 3,300
15:59:57 $ .129 1,550
15:59:57 $ .129 2,000
15:59:57 $ .135 12,000
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 100
15:59:57 $ .13 24,600
At about 3:56 I looked at my screen, which had real time quotes and noticed that SIRI was at about yesterday's level (with perhaps a loss of about a quarter of a cent). Then, when I looked back at 3:59, the volume seemed huge, was jumping by millions of shares at a time, and the stock was plunging by almost 2 cents (which is obviously a large percentage loss).
Did anyone else notice this? It's almost like one (or more) of the big boys wanted to unload a lot of shares today regardless of the fact that they would have to take less for them by unloading such a volume in so short a time.
Any thoughts?
It's being completely manipulated from the close to afterhours. Mel needs to make a statement now because you almost cannot even sell shares at this price to raise equity.Quote:
Originally Posted by Demian
i will buy more. this stock is an addiction.:(
After hours volume is huge.
I wonder how much of the end of day action is tax loss selling, how much of it is nervousness about holding shares over the weekend?
Also, at this time, bid/ask seems to bounce back and forth from about 11.5 cents to 12.5 cents with high volume.
So, not all seems gloomy (at least not to me).
The road to recovery starts when you admit you have a problem....Quote:
Originally Posted by m4svt
I'm looking at the Options Expiration calendar and it seems they expire today. Since I honestly don't know much about them, how does this affect the stock, if at all?
Huge is an understatement......Quote:
Originally Posted by SteveSirius
Sirius XM Radio Inc.
Dec. 19, 2008 Market Close: $ 0.116
After Hours Trade Reporting
After Hours
Last: $ .1221
After Hours
High: $ .13
After Hours
Volume: 55,794,074
After Hours
Low: $ .111
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,654
SIRI didn't have ANY options expiring today. The only SIRI options that trade are Jan. '09 and Jan. '10 LEAPS.......Quote:
Originally Posted by Hughes
The stock price is priced like an option.......
I just went to bigcharts.com and it lists SIRI as trading over 55 MILLION shares after hours, as of 5 pm - at 12.8 cents.
Anyone have any verification of this. The volume seems extreme. Does someone know something we don't know????????
I think the shorts are getting out of the stock as it is at a bottom. Volume of over 100 million shares at the close and after hours. Almost 200 million share for the day that's means a big change ahead.
I guess we shall see what next week brings.
One possibility. Remember on Monday the Nasdaq 100 is rebalanced and SIRI is being removed. All the funds and ETFs that track the Nas100 have to sell SIRI and buy the equities that are being added.
winagain - good point.
I find it amazing that with a bid of .123 ask of .128 that trades keep going off at .116
Yeah, and I have an open order in for .12
It's not much, I'm just curious to see if it triggers. I just don't understand how these transactions are going through WELL below the open orders.
good point cause i own lvlt shares and they dropped from .71 to .64 at the last second, i believe they are being removed from the nsdq 100 as well.Quote:
Originally Posted by winagain35
anyone notice they changed the volume? It went from 146 million to 99 million??? what is going on?