Thank you Homer for taking the time to write this. You are a bit under my very conservative estimate. But not too far off longer term. I will copy and paste this post to the other thread for all investors to see. If you dont mind?Quote:
Originally Posted by homer985
Get ready folks...
Fast Money is reporting a possible move upcoming that will suspend Mark to Market temporarily. If that happens, tack on another 1500pts to the Dow...
Personally, I have no clue why we didn't do this sooner. I think it's just taken this long for them to realize it's the ONLY bullet that will take pressure of this capital requirement issue, which is just clogging up everything. It's either that or let everything else come down farther to adjust to real-time values. How stupid would that be since those values will then be going back up. Why should we have to bear further pain when it's unnecessary and an ephemeral state of being anyway. Then housing bottoms and when mark to market is put back in 2010, capital requirements are more in line with less pain. What else can stop the shorts?? A: nothing.
News ive been waiting for, and why I am long UYG, and BAC since 3 days ago.Quote:
Originally Posted by sl62
Wonderful news. About time. I hope they do it. I really do. Bad bank, somethign needs to be done NOW, NOT LATER.
Holy crap that is the best news I have heard in a long time. I also agree the Bank bailout would not have been so big if they would have just done this along with a few other things in the first place. This would do more to free up the credit freeze then the bail out did.
The only thing is I heard that before, I just hope it happens this time around.
Relmor...Quote:
Originally Posted by relmor2003
All respect to Homer, but these numbers are not the gospel. Further, I'm not so sure about a strategy of reversing to $3.50, hoping it will reach $5. I would envision a higher ratio than 1:25. But spread the word if you want to..still many variables going on (hedges, et al). I for one, will not be relying on nominal fundmentals with this stock. I can't remember a time when they have much applied in this SP. MHO...and again, no offense.
888's...
Have you seen cos1000 lately?? He's MIA...
Brandon Matthews reporting for my beating!
No I know that. I just wanted everyones opinion that knows more than me heard. He knows more than I do, so I value the input. As do you , cos1000, and John. Im not saying my market cap opinion is worthless, its just not worth "more than his". But I agree, my views on the R/S I will get into later. Really dont want to jump right to that issue. Going to let this all sink in first, and enjoy my weekend. I feel .70 cents is not an issue if MM's allow true value, but they wont get it there "overnight" either.Quote:
Originally Posted by sl62
Brandon, my friend!!Quote:
Originally Posted by Brandon Matthews
How are you feeling today?? Kinda sucks to be you today.. :whip:
Just read back posts sir, and drop your pants!!!Quote:
Originally Posted by Brandon Matthews
LOL
I admire you for showing up. Good man.
Now take of your pants, and bend over sir, your going to get the beating of your life!!! You must be a masacist.LOL
The problem with a higher ratio than 1 for 25... is lack of liquidity...Quote:
Originally Posted by sl62
At 6.8BB fully diluted, that would leave 272MM fully diluted shares after a 1 for 25 split. 163MM would be in the float, with the other 109MM "reserved" for Liberty.
At 6.8BB fully diluted, that would leave 136MM fully diluted shares after a 1 for 50 split. 82MM would be in the float, with the other 54MM "reserved" for Liberty. With such a small float, that would cause liquidity issues in trading, IMHO. Volume would dry up significantly. Furthermore, if the MC ever rebounded up to over $5BB -- then the pps would shoot up to over $44, causing other issues.
IMHO, a 1 for 25 split would be adequate. My $3.50 statement was only based on the CURRENT MC, which I cannot see it staying at this level long -- if this company is truly rebounding now. I see no reason why it should remain sub-$1BB. Even just a $2BB MC after a 1 for 25 split would take the pps up over $7.
-----------
Rel...Quote:
Originally Posted by relmor2003
You know way more on the tech side than i do. I was just thinking we should reserve our right to see where this heads. It's a very organic SP as we know...with many twists and turns. Kind of what makes it exciting!!
sl62, The poor bastard is working for a living. I would expect him latter.
Quote:
Originally Posted by homer985
Homer...
My bad, i didn't read you right about using the higher organic SP. So yeah agreed on the 1:25. And I assume you mean issues with bondhonders at the $44 ish level...Got it. You're one of the smartest guys in the room on this stuff. I think there's still enough drama ahead to keep us all on the edge of our seats...
Seriously guys - I think he deserves a pause before the next flogging.
By the way - just checked A/H - we're up to .152
Brandon,Quote:
Originally Posted by Brandon Matthews
I just have to ask...What the heck were you thinking with that article?? Otherwords, how did you feel that would be productive?? :confused:
Kinda. Although I feel a bit vindicated now that the Motley Idiots and Reuters have brought up the same concerns that I did regarding growth.Quote:
Originally Posted by sl62
As for the article itself, I still feel putting it out there was the right thing to do. I would not have been able to live with myself had the opposite occurred and people who trusted in me lost their investments. Not for nothing, anyone that got out at .13 either got in around the same or at worse, a penny difference. In the long run, that won't matter and it was better to be safe than sorry, imho.
As for the topic of this thread, I think I may have had that effect this am with the article. I also think that Sirius releasing this news midday, which is absolutely against anything they had ever done, may have been motivated by the article as well. Usually they would have waited until the market closed.
Para...Quote:
Originally Posted by Paratrooper_Rick
I figured as much and expect another pop on Pre on Monday...thanks for the update...A GREAT day for SIRI...
http://3.bp.blogspot.com/__1OzjxCtHZ...0/Spanking.jpgQuote:
Originally Posted by relmor2003
I have been researching the hell out of SIRI for the past several months... glad my/our patience is paying off. I must have had 100 people tell me to sell for every 1 that said hold/buy. Glad I found this forum to sort out the facts.
Still irritated I am blocked from participating in the long celebration over on yahoo - that's where my roots are - I am slowly learning to hate yahoo.
I'm in the budget range on this stock - the army doesn't pay me enough to be any other way - but way I see it - even with 10K shares - I'll end up making more than a years paycheck from the army. If I had the option - I'd be up around 40-50K to balance my portfolio....