SIRI Intraday Updates for the Week of 3/16/09

So, am I correct in assuming that, in theory, when the MMs have enough stock accumulated, the price may drop if they don't take the same types of measures (100 share lots of bids higher than the market) to drive it higher, as they did when they were holding it down?

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Originally Posted by Brandon Matthews

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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A large set of sell blocks of shares were sitting at .390 when it hit .392 those all went to .380

large sucking sound right now.

Quote:

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Originally Posted by Brandon Matthews

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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How do you know that they aren't keeping the price propped up as they unload?

Big ben if you sold that lot at .40 cents, Id buy back here, now. IMVHO. Only if you can daytrade of course. Im adding 5k more at .381.

did you catch the wave? I just missed it, pissed.

Got it that time. Looks like .38 will hold. Should be the low of the day.

making the turn....put up the sails...

DOW just had a breakout. Interesting. Wonder what Sirius will do.

Fed just announced 1.1Trillion layout for $750 bil in Mortgage security's and 300 bil in long term treasuries and 100bil in talf...doubles fed balance sheet to almos 2.7trillion they spent to (actually print more money)..

Wow, didnt i just say to buy gold? Go check the chart out after the fed announcment. Very telling:eek: My gold stocks look like they got shot out of a cannon!!!:D