115,000 shares @ 2.56 avg.Quote:
Originally Posted by Hopeful
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115,000 shares @ 2.56 avg.Quote:
Originally Posted by Hopeful
"Sirius XM Radio is close to a deal with Liberty Media under which the DirecTV owner will invest in the firm in exchange for a large stake, the Wall Street Journal reported late Monday"
How many articles have there been with basically the same story? None of them have really said any more than what was originally written in the New York Post. Maybe it's just me but something just doesn't seem right.
Any thoughts?
I don't know if it the reason but Apollo has had a really bad year. A number of their investments are in deep financial straits. Some examples, Linen n Things, Realogy the owner of Century 21, Claire Stores.Quote:
Originally Posted by SiriusXMInvestor
That's quite a chunk of change :cool:
Damn. I dont feel quite so bad. I am averaged at .60.Quote:
Originally Posted by SiriusXMInvestor
now you can understand some of my frustrations. Been here a lot longer than most.Quote:
Originally Posted by Hopeful
Ave pps - You know guy's I suspect that most of us here whether we have 2 shares at $3 or 4 mill shares at .10 - I suspect that we ALL need this stock to go. SiriusXMInvestor as significantly more $$ invested than i do and I have no doubt that the amount he has invested is VERY important to him - I have alot less $$ invested but I need NOT to lose it. I know that we are only supposed to invest in the stock mkt with money that we can afford to loose but ..... sometimes I think we just have to take a shot at things and hope to goodness that they workout. So .... after that longer winded diatribe - I have EVERY appendage crossed for tomorrow - for ALL of us!! Some weirdo suggested years ago that if I imagine things working out and visualize it - it will. Well - it did. Man am I imagining and visualizing now!!!
Cheers to all and I truely hope EVERYONE of us win!!:):)
Ok, you now need to do the right thing...buy the issue on its way up, start with $2.5K at .10, buy more more $2.5K lots whenever it reaches .20, .30 , .40 and so on...Then whenever you are done buying, start selling... sell 20% of you stake whenever you make 10% profit, next 20% whenever you reach 20% profits and so on... make sure that by the time you have made 25% profits, 50% of your stake has already been sold, then you will have a 25% drop cushion...and BTW, always use trailing stops...You can also sell the option calls along the way, this way you will get more downside protection...Quote:
Originally Posted by GTSViper
Make sure not to buy on spikes, let the price settle..."If you can not wait, you should not be trading"...
And this way you will not expose all your $25K all at once. And you will always have cash in case the issue retreats (lets say from .40 to .20, you can buy more again at .20, .30 & .40).
That is called the law of attraction. I think it somehow works...of course, the visualization is not all... you actually have to make it happen by making the right decisions. Like my dad used to tell me when I was a kid "shit is not going to fall from the sky, you lazy son of a b...., wake up !!!"Quote:
Originally Posted by RickF
"shit is not going to fall from the sky, you lazy son of a b...., wake up !!!"
Greatest line I have heard in awhile!
If we assume that Malone is going to get just under half the company's equity, then we can deduce that the new float will be about 7 billion shares. So, with the threat of BK removed... what's it worth? I recall around merger time that the combined companies were going to have a market cap of about 8 billion bucks... that would equate to a current share price of $1.14. Wouldn't that be nice.
http://online.wsj.com/article/SB1234...oo_hs&ru=yahoo
Karmazin's Miscalculation
Decision to Hold Off on Refinancing Debt Left Sirius XM in Vulnerable Position
FEBRUARY 17, 2009
Mel Karmazin has faced numerous struggles as the head of Sirius XM Radio Inc., but it was one badly timed move last year that ultimately left his company exposed.
Late Monday, it appeared that John Malone's Liberty Media Inc. was close to taking a large stake in Sirius XM, an investment that would delay for now the day of reckoning over the company's debt.
Sirius representatives declined to comment. The more than $3 billion Sirius has coming due over the years, and in particular the $175 million maturing Tuesday, has led to Sirius's vulnerability to investors looking to tap into ...
That would make sense, but with the atrocious car market, retail environment, not sure it could be priced that high right now. Never know what short covering and momentum can bring, but doubt it.Quote:
Originally Posted by winagain35
IMHO I do not think that the dilution will get to 7B with Malones deal. More likely to 5.5B-6B. Which will significantly raise SP! Gut feeling! Also, neither siri nor XM ever traded logically. Almost always way above actual value if it could be calculated.
I would think Malone would take shares @.25 - .30
http://www.nypost.com/seven/02172009..._fl_155575.htm
are good friend peter lauria burning the midnight oil
John Malone's Liberty Media is expected to announce today a deal to provide a senior secured loan of between $250 million and $300 million to Sirius XM, The Post has learned.
The loan is part of a two-step process that will save the insolvent satellite-radio operator from filing for bankruptcy. It will also provide Sirius XM with enough cash to repay the $175 million in debt held by EchoStar CEO Charlie Ergen that matures today.
Talks between Sirius XM and Liberty, which owns the nation's largest satellite-television provider, DirecTV, were still ongoing as of late last night, and sources cautioned that either side could walk away from the deal at the last minute.
Representatives for Sirius XM and Liberty did not return calls seeking comment.
Liberty is receiving financial advice from UBS and legal advice from Baker Botts. Sirius XM is receiving financial advice from JPMorgan and Evercore Partners, and legal advice from Simpson Thacher & Bartlett.
A source close to the deal said the secured loan is being made without either equity or conditions. But future stages of Malone's investment will feature conditions that Sirius XM must meet in exchange for Liberty obtaining a sizable minority stake in the company.
"Liberty's offer is being made in partnership with and in support of Sirius XM management," the source said, noting that Sirius XM CEO Mel Karmazin will maintain operating control of the company under Liberty's proposal.
Ergen had offered to inject Sirius XM with cash, and restructure the remaining debt he holds, in return for control.
The source said Liberty has already come up with a plan for restructuring Sirius XM's roughly $600 million in remaining debt, which matures in May and in December.
Liberty will detail how it plans to "accommodate for that resolution" in today's announcement, the source said, but added that future stages of the company's proposal are contingent on Sirius XM meeting the conditions spelled out by Liberty.
Ergen also holds some of Sirius XM's remaining debt, but it is junior to Liberty's loan and that of other lenders.
Not unlike the debt exchange Sirius XM announced last week, the source said Liberty's refinancing proposal is likely to include a premium in the form of higher interest rates to all bondholders, including Ergen.
"A source close to the deal said the secured loan is being made without either equity or conditions. But future stages of Malone's investment will feature conditions that Sirius XM must meet in exchange for Liberty obtaining a sizable minority stake in the company."
without equity or conditions? still worried about dilution? i wonder what the future condition's will be? all in all good news, should be official pretty early today i believe.
Sleep well you little devil's bwahahahahahahaha money to be made tommorow
DAMN it Tripp!!! Get some sleep LOL!!!
Thanks for the post LOL!!!!
Now go to bed!!!! :)
im not gonna get much sleep ive already faced that fact lol
I take it this is what you guys were working on earlier?Quote:
Originally Posted by trippingthespeculatingpos
http://www.thestreet.com/cramerstake/SIRI.html
It will be a cold day in hell before I give this clown any money!!!
Have a good one Tripp and thanks again for your efforts!! And keeping us up to date!! :)
I am going to hit the sack.
Good Morning People.........
Sirius XM Radio Inc. (SIRI) Pre-Market Trading
Pre-Market
Last: $ .15
Pre-Market
High: $ .20
Pre-Market
Volume: 207,600
Pre-Market
Low: $ .13
Pre-Market
Time (ET) Pre-Market
Price Pre-Market
Share Volume
07:09 $ .15 1,000
07:09 $ .15 10,000
07:09 $ .15 10,000
07:08 $ .16 10,000
07:08 $ .15 2,000
07:08 $ .15 6,000
07:08 $ .15 4,000
07:07 $ .17 4,200
07:07 $ .17 3,800
07:07 $ .17 6,200
07:07 $ .16 3,001
07:07 $ .16 10,000
07:07 $ .16 10,000
07:07 $ .15 8,000
07:06 $ .17 7,000
07:06 $ .17 3,000
07:06 $ .16 1,000
07:06 $ .17 4,999
07:06 $ .17 3,000
07:06 $ .17 2,001
07:06 $ .16 5,999
07:06 $ .17 800
07:06 $ .17 3,000
07:06 $ .17 5,000
07:05 $ .17 8,000
07:05 $ .17 1,000
07:05 $ .17 1,000
07:03 $ .20 14,700
07:03 $ .17 10,000
07:01 $ .16 100
07:01 $ .13 600
07:01 $ .20 10,000
07:01 $ .20 1,800
07:01 $ .20 1,000
07:01 $ .20 1,000
07:01 $ .20 1,000
07:01 $ .20 1,000
07:01 $ .20 1,000
07:01 $ .20 1,000
07:00 $ .1488 100
07:00 $ .15 1,000
07:00 $ .165 10,000
07:00 $ .20 10,000
07:00 $ .20 2,500
07:00 $ .20 5,000