welcome aboard WB
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Big WELCOME to William_B
up +952 and still fishing :)
EDIT: I don't even pay attention to SIRI anymore, well....i do a little bit but not much lol.
:money:
showing strength. Already have ascending double top break on the hi/lo. If we can close at 4.16 or higher we will have a triple top break on the closing chart
thanks man. Best of both worlds i suppose. Siri was my core for last 6 years...made me six figures...granted the last two years were overall flat but this last push to 4.20 area def makes up for some of that time so not as bad. Now that i cashed out small position on siri above 4 bucks, taking that money and killing it with other trades while leaving the rest of my siri intact for maybe another month or so to see if i can snag out at 4.25 area plus. Then i will have a boat more liquidity to trade and still be able to catch the dips and rips with siri and other stocks. I certainly cannot complain....i am very fortunate.
As far as todays action with siri....stick with the plan...if it gets to the 4.08/9 area...thats a fairly safe entry to make a few bucks on a nice quick flip. I think everyone here knows how to play siri.
Liberty Sirius Group Tracking Stock!
http://finance.yahoo.com/news/libert...120000113.html
John Malone going to be on CNBC this AM to discuss the Liberty tracking stock strategy.
Liberty setting up new tracking stocks - SIRI will stand alone in Liberty Sirius with a $250M margin loan obligation. Will there be a move out of SIRI and into Liberty Sirius by investors - putting pressure on the sp of SIRI? is this setting up an eventual RMT?
Malone's tracking stock "strategy" is really about confusing investors while he is "printing money" creating new "tracking stocks" for the companies he already owns trading on the exchange. My 2 cents...
YOU GUYS GOT ALL THIS? A = B = C , A = C.... BABAM!!
ENGLEWOOD, Colo. (AP) -- Liberty Media Corp. plans to reclassify its common stock into three new tracking groups, which it expects will help it raise money more precisely for each group.
The groups will include Liberty Braves Group, Liberty Media Group and Liberty Sirius Group.
Liberty Braves Group will be tied to Liberty subsidiary Braves Holdings LLC, which indirectly owns the Atlanta Braves, certain assets and liabilities associated with the Braves' stadium and a mixed use development project. Liberty Sirius Group will be linked to Liberty subsidiary Sirius XM Holdings Inc.
Shareholders of Liberty's Series A, Series B and Series C common stock would receive shares of the corresponding series of Liberty Braves, Liberty Media and Liberty Sirius tracking stocks for each share of Liberty common stock held.
Liberty expects to complete the creation of the new tracking stocks in the first half of 2016.
Look fellas... it's a simple sum of the parts game. For example, you buy a car for $25K... decent car, right? You take the car apart and sell each seperate component on EBAY or Craigslist. You make $50K. Takes a little work but you double your money.
BadaBing BadaBoom... wipe your hands clean and you move on to the next car.
I guess the tracking stock news wasn't taken so well by Sirius XM investors.
Liberty trying to take out October 13 high of 42.07
Attachment 1605
LMCA is what I bought this morning. It was selling at at a very big discount to NAV (some say high teens percentage). This deal should close that gap. Cheap way to buy more Sirius. When it splits off Liberty Sirius Group I will move into that as well. Kept my Sirius. Moved other funds into LMCA. I think Wall Street will be embracing LMCA stock over the next weeks and months to come.
Friggin Malone!
Wanted to get your guy's thoughts as I formulate my SIRI re-entry strategy... now that we have this news, what would compel investors to buy SIRI anymore vs. Liberty SIRI group? My thoughts are I would rather buy a piece of the 60% pie vs. the 40% pie... but that seems to simple....