Whats up Tripp....
I pickuped 15000 x at the bell .1144.... 50,000 tot... Time to get a game plan....
Printable View
Whats up Tripp....
I pickuped 15000 x at the bell .1144.... 50,000 tot... Time to get a game plan....
The selling continues in AH...................Ouch!
Sirius XM Radio Inc. (SIRI) After Hours Trading
Sirius XM Radio Inc.
Feb. 6, 2009 Market Close: $ 0.1298
After Hours Trade Reporting
After Hours
Last: $ .1201
After Hours
High: $ .1453
After Hours
Volume: 4,220,723
After Hours
Low: $ .1197
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .1201 5,000
19:15 $ .12 2,000
19:15 $ .12 2,800
19:15 $ .12 25,200
this stock is not going to be moving in half cent intervals anymore, i think that is the biggest sign this thing is fixing to take off, get rdy shit launches next week.
I enjoy your constant positvity and I hope you are right, because we took a beating today. I wish I could take a month long break from checking this stock, but I just can't help myself.Quote:
Originally Posted by trippingthespeculatingpos
Tripp...what are you hearing abouts Mel plan....It says the reason he has been combining the bandwiths and conslodating all 160 channels on the siri sats....is to sell the xm sats and also the D.C building..... to that company is buying all the debt....I guess with shares.... This could be how he pays down Siri Dept..
yeah that is far more plausible than wsj's whacked out theory, im sure echo is very interested in using siri's backseat tv to broadcast theior dish network in cars. How this partnership will be set up is soon to be seen. Take over is not in the cards.
Tripp...
No but remember this....Mel is a sharp cookie.......
Right now....I got to figure out a game plan for monday.... You know I could of done better the first time around....I think now we get another shot.....
If you had 25,000 @ .12 adv...would try to cash in it on with one more bounce maybe back to .20 and re buy or just sit tight untill the after the announcment....
Anybodies feed back is always welcome...
well i am kickin myself for not doing that, yeah tony that is the perfect scenario but its not the safest move if u wanna hold long, cause u might get head faked and then stock keeps going up, after the fact its easy to say i should of done this or that but in the moment its really hard to tell, i think the next spot it hits and falls back is either going to be .30 or .40, i might try to sell their and buy back in the 20's, the thing is when you do that sell on the spike you kind of have to be doing it live rather then setting up trigger's. cause its annoying to miss a buy back by 3 cent's or a sell.
ya I know.....I am here all day....So I could watch... but even though I still have another 25000 to back it up..... Its is 2000 a pop...from .12 to .20 But never fails its never good enough....But this is maybe a once in a lifetime... so you got to plat it right....right Bill.....
Donald trump rents
why cant siri rent sat space
Anyone hear of that date for the announcement. I still have not seen or heard a peep on this. (Via 4QT numbers)
If I'm not mistaken, the press release for the 4th quarter CC last year was 02/12 so I am expecting to hear an announcement next week.Quote:
Originally Posted by R-U-Sirius
what do you think!
NEW YORK, Feb 6 (Reuters) - EchoStar Corp Chief Executive Charles Ergen's reported purchase of Sirius XM Radio Inc's debt is likely a strategic move to acquire assets, rather than an attempt to eventually force the company into bankruptcy, research firm CreditSights said on Friday.
On Thursday, bonds of Sirius XM rallied after the Wall Street Journal reported Ergen was purchasing the company's debt in the open market.
It is unclear which, if any, of Sirius' bonds Ergen has purchased and if Ergen is purchasing the debt via EchoStar or not.
"If Ergen could accumulate enough of a position to prevent Sirius XM from refinancing its 2009 maturities, he would be a formidable and unwelcome addition to the bondholders' table," said CreditSights analyst Jake Newman.
Sirius XM has a slew of debt maturing this year. About $175 million in 2.5 percent convertible notes is due on Feb. 15, according to KDP Investment Advisors.
Meanwhile, Sirius has $350 million of bank debt due in May and another $400 million in convertible notes due in December, said Newman.
The most recent report on the February 2009 convertible bonds shows that an asset management unit of Goldman Sachs had about $135 million, or 77 percent, of the issue and this could be what Ergen is after, said the analyst.
In a debt-to-equity swap, this would give Ergen an 18 percent stake in the company.
If Ergen's intentions are to force Sirius XM into bankruptcy, he would likely need to act now and purchase Goldman's stake of the 2.5 percent convertible notes in order to control the reorganization plan, CreditSights said.
But this would be very expensive as Ergen would need to buy the entire Goldman stake.
As of Thursday, the bond price for the 2.5 percent convertible notes had climbed over par, he said.
"The theory here would be that he wants to buy back the existing debt on the cheap after a bankruptcy. To control the reorganization plan, he would need a blocking position of one-third of the senior unsecured bonds, we believe," he said. (Reporting by Tom Ryan; Editing by Jonathan Oatis)
I don't know what right is with this whole situation. You could either be a millionaire in a short time frame....or who knows. If it is worth a gamble to a guy and he can afford to lose, then why not.....I am just baffled what will happen.Quote:
Originally Posted by Sworntwofun
Will SIRI go bk and the shareholders get screwed, or will the shares get bought out, or will Echostar do a takeover. I just don't have the slightest insight to what will happen.
To me right now this is like playing Texas Holdem and betting all in on the "River" hoping for an Ace to show up. They win on T.V. all the time on the River, but I don't have anything to back anything up.
I truly hope that everyone wins. If we win I will be a microscopic winner compared to people that are large and vice versa.
So it is just what a guy is comfortable with and can afford to lose without damaging his/her economy. (shrugging shoulders..)
If we win, then I can be your driver and bodyguard...lol
You got it.... You know what Tony spells backwards right? TON Y Y NOT!
Positions AIB AIG BAC C F GTXO SIRI***
GTXO is next to go...all it has to do is get to .12 again......
Well the latest scuttlebuck is... echo has been picking up debt on the open market for a while....and in the meantime....Mel with all his wisdom has been combining all sirius and xm bandwiths on the sirius satalites so they could sell the xm satalites and the xm building in DC... to echo and pay down the debt..
and echo will have its own satalites and offices to do what they want to do..
I havent seen it formally yet...but it makes a lot of sence... and these are the
kind of moves Mels famous for....
Let hope this is the case!
i can tell you whats going to happen bill, sirius pay's off all 2009 debt and the stock price eventually climbs back up over a dollar, you can hold me to that one.
That is funny.Quote:
Originally Posted by Sworntwofun
I have been watching it hoping that it hits .12 for you. At least it doesn't wander all over the place, because that would make me a nervous wreck if I still had it ;)
I believe that you could be absolutely right. That is my whole hang up. I really don't understand all of SIRI's finances. That is why I listen to the Oracle (Newman), because he is really into the finance end of things and knows what he is talking about.Quote:
Originally Posted by trippingthespeculatingpos
A lot of these people just confuse the hell out of me and the more they throw out, the more I get confused.
You have a lot better handle on it than I do. Everybody is better at different things. I understand business...I am a businessman...but some of this just zings over my head.