SIRI Weekly Thread for 8-17-09

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Originally Posted by JohnnyIrishXM

Underway,These will be used in offices and homes first off,remember there are alot of people who don't drive to work and get poor reception in big cities with their cars and none on current portable radio's out there.
Also SXM doesn't need to spend alot of mopney on radio's for after market cars now and retail as well,this will work great with SXM ready stereo and audio systems too at home..But it means others are coming along with other smart phones apps..I have SXM in my car,but ill get a blackberry phone with app and Skydock for home audio now for under $100 instead of 300 to 500 for SXM receiver for home..and won't have to pay alot for data plan on I-Phones also,as it is a satrad signal not wifi..

P.S.not a game changer per se,but it will add rev to bottom line and lower cost immensely,IMHO.
Especially with 2nd subs for people like me,(squeesing all the rev you can out of existing customers is perfect bussiness sense,when not growing..

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Thanks Johnny....but....still not seeing it as a BIG deal. If this skydock, or perhaps another 'new product' (since Mel said several new products coming out) is a small dock/attachment to iPhone for portable satrad reception, that would make sense. But, if this is just a dock in the car or at home, so what? Still don't see it as anything that new. For home, you could always buy a cheap starmate and play thru home stereo, either via FM or direct connect. For the car, same deal. So, a skydock in a car, permitting an iPhone or iTouch or iPod to modulate the satrad signal and play thru the car stereo via FM or direct connect, doesn't seem like much to me, especially for $99. If it were $29 or some kind of 'throw away' money, perhaps it would attact new subs. I truly hope skydock or other new item will be a small footprint, lightweight portable plug in that can turn iPhone to true satrad. That would be awesome.

Pre market is active this morning. Over 4MM volume already at close to .73.

Who is selling stock today? The last 20cents have been very good for traders. Relmor where is the exit point? I have an itchy trigger finger and have nice gains in under 22hrs....cash out is what my gut tells me but my head says hold until we test .80c? Any thoughts?

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Originally Posted by Big Ben

Who is selling stock today? The last 20cents have been very good for traders. Relmor where is the exit point? I have an itchy trigger finger and have nice gains in under 22hrs....cash out is what my gut tells me but my head says hold until we test .80c? Any thoughts?

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Ben,
Just this month I have changed my strategy on SIRI. Did a lot of swing trading since January but am now long. I bought in big at .53 and am holding long now. Yeah, I could sell today and take a nice profit, but I'm holding..

Still, you're right.. Great opportunity to sell today for short-term gain, especially if you loaded up over the past couple of weeks. Will we test .80? Heck, that could happen very quickly. Listen, we're close to .75 already in pre-market trading on a volume of 6MM.

Whatever you do, good luck!

10k out the door .77 ty, bought in .65 yesterday....later! I love this for all us true longs, but the MMs and shorts could take this thing down. They can pull the rug out so fast its scary. GLA. Take gains!

Big Ben

Still shorting China maybe not with FXP.

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Originally Posted by Big Ben

10k out the door .77 ty, bought in .65 yesterday....later! I love this for all us true longs, but the MMs and shorts could take this thing down. They can pull the rug out so fast its scary. GLA. Take gains!

Big Ben

Still shorting China maybe not with FXP.

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I believe the shorts are coming out not going in. Once we hit .80 the next resistance is at 1.25 I haven't sold 1 share in over a year. not selling now and glad I bought more earlier this week.

I sold at .58 couple of weeks ago, then bought back at 0.51. Today I sold a small portion at 0.76. Which point should I sell for the next portion?

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Originally Posted by JohnnyIrishXM

Charles and Tyler,i will not post here again until this moron is banned,have not posted much because he is here,was here months ago and left,now he is back....not worth my time to go through this drivel everyday...
Not in favor of banning anyone ever,but he produces nothing positive or productive to this site...was hoping he went away,but not...
just my 2 cents...

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There is a link to ignore any person you like. All you have to do is click the link and poof... all of their posts disappear.

Good Morning everyone.

I can't keep up with what's going on with our stock, but it sure is wonderful! I'm just going to keep riding and making money. I think this is truly the case of what can happen when I stop paying attention.

240 miles down and 260 left to go.

Have a great weekend!

Chuck

.77 looks like the number, where we hit resistance. For all the longs, congrats, now take 10-30% off the table and throw it in the bag! Please don't have adhd, this still a very risky investment, don't kid yourself. Ask yourself, could this stock ever have a .6 or .5 handle ever again, if you say yes, then take some chips off the table. I have been investing since 99 and trust me the house wins a good percentage of the time, right now your the winner! Get up and walk away with something, please. Never be afraid of taking gains, you can't predict the future. This stock has been on a tear since .54 its .77 now in a week! Bulls make money, bears make money, pigs get slaughtered! I still think Cramer is a dope.

.75 and sliding and so is the rest of the market! Bernake said what? He's crazy! On the verge of recovery, where and how?

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Originally Posted by Big Ben

.77 looks like the number, where we hit resistance. For all the longs, congrats, now take 10-30% off the table and throw it in the bag! Please don't have adhd, this still a very risky investment, don't kid yourself. Ask yourself, could this stock ever have a .6 or .5 handle ever again, if you say yes, then take some chips off the table. I have been investing since 99 and trust me the house wins a good percentage of the time, right now your the winner! Get up and walk away with something, please. Never be afraid of taking gains, you can't predict the future. This stock has been on a tear since .54 its .77 now in a week! Bulls make money, bears make money, pigs get slaughtered! I still think Cramer is a dope.

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I have to agree with Ben on this one. I remember how I was kicking myself for over a month when we had a run up and I didn't take some profit. We retraced 20% plus in a matter of days. I don't know if the same will happen here as things are looking good for the balance sheet, but I am not going to be kicking myself again. This stock has so many profit building opportunities, it is only smart to realize some along the way. JMHO

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Originally Posted by Big Ben

.77 looks like the number, where we hit resistance. For all the longs, congrats, now take 10-30% off the table and throw it in the bag! Please don't have adhd, this still a very risky investment, don't kid yourself. Ask yourself, could this stock ever have a .6 or .5 handle ever again, if you say yes, then take some chips off the table. I have been investing since 99 and trust me the house wins a good percentage of the time, right now your the winner! Get up and walk away with something, please. Never be afraid of taking gains, you can't predict the future. This stock has been on a tear since .54 its .77 now in a week! Bulls make money, bears make money, pigs get slaughtered! I still think Cramer is a dope.

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Ben, you are correct....but....I'm hanging in cause I don't want to reduce my share count, which will happen if I take profit now, as I don't see this thing retracing to the .40s. I'm gonna risk it for a while as I see this company in a fundamental shift. Don't underestimate the power of merger synergies and the economic recovery overall. That's when investors get very rich! I would love to take thousands in profit right now, but I think holding gives the best opportunity for a real grand slam. That's why I'm in this stock. Each to his own, of course.

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Originally Posted by Big Ben

.75 and sliding and so is the rest of the market! Bernake said what? He's crazy! On the verge of recovery, where and how?

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Big Ben, I do agree with you but I was premature in my exit @.60 looking for a retrace that really never happened. What would you think is a good reentry point?

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Originally Posted by imromo24

i am very happy to see the stock doing well, I think after $1 and debt gets paid off is when its really going to get interesting, but i will be really pissed if it makes it to $1.25 by september

I don't think Docterex's post is much of a joke, remember you not only have a monopoly with SXM but they are also partially merged with directv...POWERHOUSE?

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No his projection will still be crazy. He uses figures that are not real and therefore so are his projections. I am not saying that the stock could not go way up to a point where it is way over valued (SIRI going to 9 was a good example so was AAPL going to 220 from 20 after it split at 80 in 2.5 years) but please dont try and say that that price would be the correct value.

Everyone has thier own strategy in how to make money with stocks. If you are swing trading and can time it right most of the time this strategy works. My own experience is that I suck at timing the market so I buy and wait for the trade to work or if it's going against me, reevaluate and sell for a loss if necessary.

I don't agree with encouraging people to sell when that may not fit thier own investment strategy. Trading around a core position is also smart and will allow you to make more.

If it's going higher and I'm in a long term capital gains situation on the shares, I don't want to give up that tax advantage to gain a few more bucks trading around the core because the tax consequenses are much greater what I've gained. Your tax bracket does play a factor here also, I'm in the highest bracket so it's harder for me to make that up.

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Originally Posted by Big Ben

.77 looks like the number, where we hit resistance. For all the longs, congrats, now take 10-30% off the table and throw it in the bag! Please don't have adhd, this still a very risky investment, don't kid yourself. Ask yourself, could this stock ever have a .6 or .5 handle ever again, if you say yes, then take some chips off the table. I have been investing since 99 and trust me the house wins a good percentage of the time, right now your the winner! Get up and walk away with something, please. Never be afraid of taking gains, you can't predict the future. This stock has been on a tear since .54 its .77 now in a week! Bulls make money, bears make money, pigs get slaughtered! I still think Cramer is a dope.

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Big Ben where you been .65, .65, .65, last I recall you were going to wait till it came back to .38 before you bought back in saying a take down was going to happen back then. Now you come back and say .65 REALLY out of the blue you come back and say .65 where were you at all this time telling people to buy at .65. I am just saying you leave and then out of the blue come back and say you bought at .65, I dont believe you at all you say you did something after the fact that went against everything you have said before. WITCH BY THE WAY WAS YOU WHERE GOING TO WAIT TILL IT CAME BACK AT .38.

My point to Big Ben is noone should believe anyone that says what he was going to do back so long ago and then after what he says is going to happen doesn't happen he comes back after the fact and says ho yea I changed my mind and decided that I was going to go against what I was saying before and buy at a way higher price then I said I would before. The common sense of that is there is none. Listen if you thought it has been over bought at .47 or at .54 then it makes no sense that who think .65 is not over bought.




P.S. I just have to ask Big Ben where were you saying at .65 that you had to buy back at that point (hell where were you at .66, .67, .68 ect., ect.) because you thought things changed and now you believe something different. The shit doesn't sound believableto me and it should not sound believable to anyone else.

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Originally Posted by john

No his projection will still be crazy. He uses figures that are not real and therefore so are his projections. I am not saying that the stock could not go way up to a point where it is way over valued (SIRI going to 9 was a good example so was AAPL going to 220 from 20 after it split at 80 in 2.5 years) but please dont try and say that that price would be the correct value.

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you never know where this could be in 15 years is all im saying, debt free, world wide, standard option in all vehicles... lifetime subscription included in the cost of every vehicle??? very futuristic thinking...(not realistic thinking)

Hey Big Ben what happen to this:

Big Ben said this on Aug. 3rd

"Siriusowner, Relmor....I am with you guys....don't buy...don't buy!
Wait for the smoke to clear, let the bigger positions set themselves up, and purchase stock for .38-.42. The sun still rises in the east, verdad? Ok just checking. Always remember this is still on the top 5 most shorted stocks. Trading this stock will be looked back on as a small miracle. Buy and hold will also look good but not as good as one in the bag. "Trow it in the bag" We don't check tags around here! GLA."


Now everyone go take a look at what happen from Aug 3rd to now........................................ Done, yea thats right it never got back to those levels it just kept going UP. Notice also he made one other post after that but said nothing about buying back at anything higher. That is not until it went upto .78 and then back to .76. He says Ho yea I bought at .65 and sold at .77.



P.S. If you all recall at least relmor was here saying he has changed his mind and said when he was buying when it got to those prices, that is at least believable.