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Quote:
Originally Posted by Demian
To respond to each one of your statements:
1.- Until then... the price will remain where it is...
2.- I did not say they were going bankrupt. This time you came up with that one.
3.- So ? the share is 14 cents... have you seen 14 cents lately ?
he's not saying you said they were going bankrupt, hes saying its been priced into the pps and since they are not going to go bankrupt the price should go up.
Your obviously a smart guy, your post written a while back regarding RISK in the stock market was spot on. When it comes to understanding SIRI and it's valuation you pull a 180 as you are clueless!! SIRI is trading as though it's an option which expires mid 2009 price will decay as time moves forward. Looking at the nominal value of the stock price by itself and trying to justify it is not possible. There is no doubt when MEL gets this machine to breakeven and 70% of everysub there after goes to bottom line this company will be a CASH COW with a mkt cap of $20-$30B (you do the math on stock price). THE $1B question (pun intended) is will company survive the biggest credit crisis in history to see this cash cow???????????????????? I have 300,000 reasons why I believe they will :)
I love it when people see things the way i do :oQuote:
Originally Posted by LIBOR/TED SPREAD
You guys like to to see rosy things like Mexican, Brazilian and Russian soap operas do.Quote:
Originally Posted by trippingthespeculatingpos
Options. I know my way around options ok. They offer unlimited reward and limited risk. I am telling you, SIRI is not trading like an option right now. The deck is heaviliy stacked against SIRI. The risk with SIRI is unlimited.
And one sure thing is that the stock is trading very close to the option price but another is that is trading like an option. SIRI is trading like if it was already in BK. Which given the fundamentals, it is DEAD ON.
NOW, you guys perceive value in the stock, I DO NOT and 99.9% of the street agrees with me or viceversa... whatever.
SO @ .14 stock price, who is right ? YOU or the rest of the world ?
You guys give me the wrong answer and this is my last post (which I am 100% you will so... good bye). I had enough with you guys...
ps: And yes, my IQ is 135 (close to Obama's), I speak 5 languages and have travelled the world plus I had a few cups tonight so what ? Who wants a mind challenge ???
I actually thing that you are BOTH right.
I do see value in the stock, but I can understand why it is so low right now. I do NOT think that they will end up filing for BK, which means the stock has no where to go but up. I do understand that the financials are crap, but they are close to breakeven, the metrics are all improving, and if they can get through 2009, then the sky's the limit. But that is a big IF. I feel that they can do it. I also agree that nothing is going to touch this stock except for financing announcments.
That is why as of tomorrow (Friday), I am liqidating my position. I am short on Tax deductions this year, and selling this stock for an 80% or so loss will look good for Uncle Sam. I will rebuy in January after my 30 days is up.
Good luck to all of you, regardless of what your trading strategy is. I will remain here on the boards, and I may buy back early if something amazing happens, but I do not forsee that happening before Jan 20th.
Siriusowner,
I am down in McKinney, Texas for the holidays visiting family. Where are you in relation to McKinney - which is just north of Dallas?
Do you want to put our differences aside and meet for some Crown?
my iq is 128, thought id throw that one in there
im also an aquarius, same sign as jesus, beat that ^_^
my pred for tommorw (just for funsies)
sirius closes at .1714
Demian: I live on the north side of Dallas.
I'd be game to get together if Im not working most of the time... PM me a phone number.