Can you wizards of the market explain why the volumn has dried up so much on this puppy. Whats going on here and does it mean anything?
Printable View
Can you wizards of the market explain why the volumn has dried up so much on this puppy. Whats going on here and does it mean anything?
That is easy -
No one is shorting it anymore.
@ .10 there's not much incentive to do that.
Now, who wants to buy an issue @ .10 ? Only the amateurs... institutions, hedge funds and pros stay out of it.
How do you know that "no one is shorting it anymore"? Do you have anything to back that up with or is that just another one of your assumptions that you pull out of your ass and pass off as fact?Quote:
Originally Posted by Siriusowner
Look at the institutions with big positions of SIRI here.....
http://www.mffais.com/siri.html
Ameriprise Financial Inc Institution 174,858,091 shares
Apollo Management Iv Lp Institution 91,857,857 shares
Price T Rowe Associates Inc Institution 84,673,669 shares
Oppenheimer Funds Inc Institution 83,658,086 shares
Barclays Global Investors Uk Holdings Ltd Institution 82,359,262 shares
Vanguard Group Inc Institution 81,317,278 shares
Jennison Associates Llc Institution 61,931,684 shares
Intrepid Capital Management Inc Institution 38,195,013 shares
Its not just SIRI with low volume, only a handful of stocks each day have good volume.Quote:
Originally Posted by Melted
Every stock on my watch list has had low volume since the new year.
My reason is the government, no one wants to invest right now when they can come in and change the rules anytime to suit there agenda.
Like when the banks were all getting shorted to death, the government came in and changed the rules. No one wants to play a game they can't win right now.
Until these clowns go away and let the free market correct itself, nothing will happen!!
Quote:
Originally Posted by Demian
You continue relying on these out of date data uh ?
I am not shorting it anymore. It is time to cover, you wanna sell your shares ? I'll give you .10 for each.
Why would I sell my shares to you for less than what they are trading for in the open market?Quote:
Originally Posted by Siriusowner
I made you an offer. It WAS up to you if you wanted to take it.Quote:
Originally Posted by Demian
Siriusowner - are you claiming to have shorted SIRI? If so - when and at what price? There are VERY few retail investors who are able to short penny stocks, so I'm a bit dubious of this claim. I recall you saying once that you had a small long holding - about 4,000 shares.Quote:
Originally Posted by Siriusowner
I do have 3200 shares from the XM Radio days but that does not mean that I did not short SIRI also before the merger. Short the buyer, buy the seller, remember ? I just did not tell Demian because he was always asking the wrong question. I wish I had shorted it @ $3.5 but I am glad I did @ $2.57. I Shorted 6354 shares. I covered just today.Quote:
Originally Posted by winagain35
ps: I did buy 1000 shares of SIRI not so long ago @ .13 just to average the price below .50 (S&P target for the year).
i just have to fix this its driving me nuts, it's VOLUME not volumn
Siriusowner,Quote:
Originally Posted by Siriusowner
Well, the Nasdaq short interest report just came out and the SIRI short interest has increased and SIRI is now the #1 shorted stock on the Nasdaq as of Jan.15th - according to the Nasdaq's own report that just came out!
What do you have to back up your claim that "no one is shorting it anymore"?
http://uk.reuters.com/article/market...29669420090128
NEW YORK, Jan 27 (Reuters) - Short interest on the Nasdaq edged up 0.2
percent in mid-January, the exchange said on Tuesday. Below are the five Nasdaq stocks that experienced the largest increases and decreases in their short positions from late December to mid-January, according to information released by the exchange. The five companies with the largest overall short positions are also listed. The latest date is as of Jan 15.
FIVE BIGGEST POSITIONS:
Sirius XM Radio (SIRI.O: Quote, Profile, Research) 219,626,558
Level 3 Comm (LVLT.O: Quote, Profile, Research) 159,950,081
Intel Corp (INTC.O: Quote, Profile, Research) 109,807,015
Microsoft Corp (MSFT.O: Quote, Profile, Research) 92,445,347
E*TRADE Financial (ETFC.O: Quote, Profile, Research) 77,665,801
Bravo! I knew we were friends for a reason :)Quote:
Originally Posted by dread
Today is 1/27 not 1/15. Besides short interest does not mean that the companies are being shorted right now (Short interest (from investopedia): The total number of shares of a security that have been sold short by customers and securities firms).Quote:
Originally Posted by Demian
Short interest probably stayed the same or had a slight decrease in the last few days (from the 15 to the 27). Even if it stayed the same, it means no one NEW is shorting the stock.
And finally the report talks about biggest increases and decreases but it does not mention if SIRI actually increased or decreased (which it is irrelevant today anyway).
Siriusowner,
The miniscule volume and price action in the last few days since Jan. 15th does not indicate that the shorts have covered and stopped shorting...
Besides, you said that "no one is shorting it anymore."
Using Demian words: No you are wrong... (and can never be right...well those are mine, lol).Quote:
Originally Posted by dread
There's two ways this pendulum (market) swings. To the left (or bottom) or to the right (or up).
Right now the market is close to the bottom side. If there were high volume I would say that it would continue going down...however; volume has dried up which means that conviction is low and the pendulum is about to swing in the other direction, up. If the market starts coming up with high volume, it is time to buy... stop buying whenever volume starts to dry up again.
ps: Do not buy if the markets starts coming up with low volume, it may be a retracement.
This is one of the principles of swing trading.
That is not what I said. I said "no one is shorting it anymore" I never said they have covered. I covered.Quote:
Originally Posted by Demian
Tell me, why did Sirius ended up in price today ? What does that mean ? You should know by now.
The only words in quotation marks above are........"NO ONE IS SHORTING IT ANYMORE."Quote:
Originally Posted by Siriusowner
I did not misquote you...........period.
SIRI closing up less than a penny on low volume doesn't mean anything.........
You implied that I have said: ".... the shorts have covered and stopped shorting..."Quote:
Originally Posted by Demian
I never said "...the shorts have covered..."
I've always said SIRI closing up or down less than a penny is meaningless... You are the one that gets all excited whenever it moves up .001
I did nothing of the sort. I did not misquote you or "imply" that you said something that you didn't. You are falsely accusing me and it's getting boring...Quote:
Originally Posted by Siriusowner
Did you try any of those wines I recommended to you the other night yet?
I am not falsely accusing you... you wrote it, it is in the thread. I am getting bored, tired and sleepy...Quote:
Originally Posted by Demian
I have not, but I remember... Liberty School & Blackstone, right ? I will try them this weekend if I can find them in Midland.