there goes .50 :(
Printable View
there goes .50 :(
you know what's "hysterical" is the guy who checked his portfolio in the morning and saw the .50 open and then went to work and checked again at close and it's the same... no big deal nothing happened today. ha. And big ben seriously I know you made your $2000 but that does NOT give the right to rub it in to those who perhaps don't have the daytrading capability more than the 3 allowed trades per week in a non margin account... so take it easy and go buy yourself some crappy Shittsburgh beer with your profits
and that was ridiculous at the close... definitely painted to be under .5
.48 after hours...ouch...as all buy and holders run with their tail between their legs. LOL
Licking my chops for an entry point, ty mm.
If not for the BS story, came up twice, no way we close down. Im pissed. To answer Irish's question, yes, there are enough weak hands after shooting up like that, timed with MM pressure and the huge DOW down day, combo for a crappy close, and no hold on gains today. Complete and utter crap. Well, looks like .50 didnt hold. I was wrong. My daytrade buy at .51 closed at .49. Lost on that.
I will never post here again as long as this gentleman posts.Quote:
Originally Posted by Big Ben
such a bullshit close
First, some background. I own 100,000 shares representing my core position, not to be touched.
I have also been swing trading another 50,000 shares. Twice I have sold my trading shares at around 39 cents and bought back around 30 cents successfully. The last successful trade was when I sold at .3934 when the stock broke up to .42-.43. I then put in a GTC buy order at .3013. It was filled when the stock spiked down a couple of weeks ago to 25 cents.
At the end of last week, I tried it again, alas. I sold at just under 45 cents when it looked like it would not break thru, and promptly watched it close at 50 cents, and today go to 63 cents. While I am happy to still have my core position, it looked like I screwed up.
So here is what I did! I placed a Buy/Write order on Ameritrade with a net debit of 42 cents, with the stock coming down towards 52 cents and the Sept 09, $1.00 call option selling at 10 cents. When the stock hit 52 cents and the call still at 10 cents, I was filled. Basically, I bought the stock at 52 cents, and received 10 cents selling (writing) the call, for a net cost to me of 42 cents.
What do I gain, and what do I lose?
I own an additional 50,000 shares of SIRI stock.
I am entitled to all the gain in the price UP TO $1.00 per share.
If SIRI goes up above $1.00, the sock will be called away from me and I will be entitled to NO further gains above $1.00.
However, if SIRI DOES NOT get above $1.00 by the option expiration date in Sept (3rd friday) of THIS year, then I get to keep the stock with no further obligation on my part, along with the $4700 I received in option premiums (after commissions), having bought the stock at a net price of 42 cents.
Cool, huh.
Keysmark
I have a few bones to pick with Big Ben but c'mon Dave that's a little extreme. Don't be so sensitive. I learned that a long time ago. And he already said he doesn't think before he speaks and means no offense when he uses words like queer. Now sure I don't condone it, and although a Steelers fan, I'm sure he's reasonable enough to not offend you again if you express that to him. Man everyone is so darn sensitive these days. Can't help that we just went on another rollercoaster ride today. I DO want to throw up from it too! And I'll get right back on tomorrow. My position never changes. LONGQuote:
Originally Posted by Dave Davis
Now John,i agree with you as i stated after annual report of Existing subs signing up for internet stream and extending out terms,equals cash like adding new subs and raises ARPU and FCF rev for 1Q.hopefully churn is flat or rises slightly only and the big thing at least to me is Guidance going forward..Quote:
Originally Posted by john
For analysts to write reports and upgrades we need some guidance,if none given SP will suffer,not worried about neg subs at all..
Big Ben, Stop polluting this board with garbage. It's not what you say, it's how you say it.......
All of your one sentence garbage posts belong over on the Yahoo board. You are being very disruptive to the civility and intelligence on this board.......
oh I will say this too- SOMEBODY (Cramer and GS! with their .63 target) made good money on the way up and back on the way down today. Why wouldn't the same thing happen again tomorrow? AH is not worth looking at- it's disgusting. no way we should be at .48
I was up 5 gs today and now I'm red. wtf...
Does anyone see the .47 handle can you believe it?
As for DaveDavis (that is definatly a yuppie name, no offense) I am sorry for mixing it up with you. Trying to add some spice to a somewhat dry thread. I actually like the name calling, also the slams on my city and my team and my shitty Iron City beer, my QB, I love it all...it shows character. I will tone it down, I promise, just like Mel promised after Labor Day! Big things Man Big things! all lies. Come on thats funny, I don't care who u ar!
191 mil shares traded and it gets painted at .48 at close down .07 from open.
it will be flat and low vol tommorrow,could retest .42...IMHO
john (not the irish one) are you alive? I know you sold at a great price for today and then bought back and I can only imagine there is a rather large fist sized hole in a nearby wall in your house... we are all addicts and pawns. But hey it's fun in a masochistic kind of way, no? Yahtzee!!!!!!!!
Ok,LMAO post of the day!!!!!Quote:
Originally Posted by dmo2424
BBL have to run
Predictions for tomorrow? Demian? Irish? Tripps? Big Ben? Lets go guys, lets think this out. Who was watching level 2. Where did you see the big buys? I saw a ton around .52 to .54. They might use those shares to hold .56 as the resistance point. If id seen those big buys at .58 or .60, I would assume they would use those to sell at .63, to support that resistance level. Heres my way too early range prediction now. .56 to .45. You may see both sides broken, but not by much. .62 is simply the 200 day, and as it moves closer to .56, that will be the next TA catalyst to take us higher. Must happen before CC however, or the CC takes precidense.
Quote:
Originally Posted by dmo2424
Well to be honest I put the bid in at like 0400 today, went to sleep woke up saw it went through and said dam when I saw it still went higher then realized it went lower so I was stupid and put a buy back in at almost .56. I do feel we will see it go higher (back to the .60s) just before the 1st quarter report. I think people know what that will show and want to be in before it happens. They may sell after but they will want to be in before it happens. My problem is and has been, I believe in the business model to much. This company was valued at 12 billion as a merger of equals. I dont think it is worth less then that after the merger. That means we should see 1.5 to 2 bucks (even with 6 billion shares out) for no other reason then the merger happen.
SIRI just released the proxy statement in advance of the annual meeting. Saw this piece within re R/S which is basically just extending the BOD's authority to do so into 2010, but states clearly that they will only do so if they have to due to NASDAQ rules. The last sentence is key:
Our common stock currently trades on the Nasdaq Global Select Market under the symbol “SIRI”. The Nasdaq Global Select Market has several continued listing criteria that companies must satisfy in order to remain listed on the exchange. One of these criteria is that a company’s common stock have a trading price that is greater than or equal to $1.00 per share. While Nasdaq has temporarily suspended the $1.00 per share minimum bid requirement until July 19, 2009, we believe that it is in the best interests of the company and our stockholders to give the board the flexibility to meet these requirements if and when Nasdaq resumes enforcement. September 19, 2008 is the last day our common stock traded above $1.00 per share. If the price of our common stock closes below the minimum $1.00 per share required for continued listing by Nasdaq for thirty consecutive business days following the end of the temporary suspension, Nasdaq will notify us and provide us an initial period of 180 calendar days to regain compliance. Currently, we meet all of the Nasdaq Global Select Market’s continued listing criteria, other than the minimum trading price requirement. We believe that approval of this proposal would significantly reduce our risk of not meeting this continued listing standard in the future.
The purpose of the reverse stock split is to increase the per share trading value of our common stock. Our board of directors intends to effect the proposed reverse stock split only if it believes that a decrease in the number of shares outstanding is likely to improve the trading price for our common stock, and only if the implementation of a reverse stock split is determined by the board of directors to be in the best interests of the company and its stockholders. Our board of directors may exercise its discretion not to implement a reverse stock split
Thanks, I suppose...
Fact is, we're had a few bucks in Sirius for a number of years. And frankly, it just felt great to finally (read: FINALLY) be in the black - I just had to share in my joy.
As for the timing, I owe a lot of gratitude to my friend Dr. Dave for sharing his charts with me. While there's a possibility that I would've sold today, anyway. It would have been at a lower price and possibly I wouldn't have gone all the way.
My feelings were geared more towards social aspects & the timing of various dynamics having to do with the company & the goings-on with terrestrial.
Reading the news this morning @ 5AM, the first headline was that Clear Channel is being sued - again - over royalties. Another article - read last evening - related (not new news) to online radio royalties.
**the gut said that things would definitely heat up with Siri today.
This, coupled with my friend's - who is a pattern guy - thoughts...
Well, I had added confidence - having my buddy around for support.
And for the record - this is but only the second time that I have ever sold shares. The first time was way back when the sp was much higher and both our accountant and fin. advisor were saying sell & take the tax loss.
--- I will likely be restaking my siri claim soon.
thanks - kindly - to all of you and to all of you, the best...
Ramsey
PS: We're all winners! It just happens that some folks haven't learned the value of good sportsmanship ; - )
Quote:
Originally Posted by Big Ben