Ha, that should be your sig! :D
Printable View
I picked up a little more yesterday around .32.... I thought I'd made a mistake at one point - but glad now...
I think it may be turning around a bit... I didn't think it would cross below .36 in my earlier post... dipped a little below - so I was off some...
I think the afternoon close will be good... not sure we have the momentum to get past .39 yet.... thinking we bust down the .40 wall tomorrow like I was saying in my first few posts today.... today was about building a solid platform ...
hmmmmmmm does it stay up or do another dip before 1500 and then goes up toward close. I think it closes at .36xx
This stock likes to fool both buyers and sellers
"ah crap I could have got more for my sale"
"Ah crap I could have bought lower"
remember the pattern is open over previous close and close below open (but higher then previous close)
I really hate these ****ers at The Motley Fool, but this is a positive piece...
http://www.fool.com/investing/genera...nd-sirius.aspx
The World Revolves Around Sirius
By Rick Aristotle Munarriz
March 25, 2009
Things are going so well for Sirius XM Radio (Nasdaq: SIRI) these days that it doesn't even have to say a word for positive things to happen. All it has to do is sit tight as those around it generate headlines that are favorable for the satellite radio operator.
This week alone, we've seen a few nuggets that don't mention Sirius XM directly, but have an indirect impact on the company and its fundamentals.
Last.fm is scrapping its ad-based free model in all but three countries.
DirecTV (NYSE: DTV) renewed its contract with the NFL at a much higher rate.
Cox Radio's (NYSE: CXR) parent launched a tender offer to take the terrestrial radio operator private.
The implications may not seem obvious in all of these events, so let's break it down.
Last in line
Web radio specialist Last.fm announced that it would begin charging listeners the Euro equivalent of roughly $4 a month in countries outside the United States, the United Kingdom, and Germany. Since the CBS (NYSE: CBS) music hub has found it tricky to ramp up ad sales outside of those three regions -- and the music industry continues to bump royalty rates higher -- are the days of free Internet radio numbered?
Sirius XM and online radio appeared to have little in common a year or two ago. Satellite radio is something that is mostly consumed in the car, on the road. Web radio is something that is typically enjoyed in a Web-tethered home.
That's changing. 3G smartphones that hit the market last year have the ability to stream Internet radio on the go. Chrysler began offering car-mounted Internet routers this past summer.
Convergence cuts both ways, though. Earlier this month, Sirius XM ramped up the bit-rate quality of its Internet streams and began charging monthly plan subscribers $2.99 a month for Web access. That seemed like a dicey value proposition given the plethora of free ad-supported Web radio options, but if other companies begin to drift into subscriber-based models like Last.fm is doing in many markets, it would clearly help Sirius XM.
More importantly, since Last.fm apparently believes there is a market for premium radio outside the United States, it may open the door for Sirius XM in cyberspace, where it's not limited to the reach of its North American satellites.
"Hike" means many things in the NFL
Poor DirecTV. The satellite television leader was able to lock up several more years of NFL Ticket exclusivity, but at a steep ransom of $1 billion a year. It is currently paying just $700 million a year for the complete suite of NFL games, which have proven to be a big seller for DirecTV.
Maybe DirecTV can pass the cost on to its subscribers. Maybe it will be able to land more football fans to offset the higher fees. However, what's clear is that DirecTV likely had competition in bidding for an extension from desperate rival DISH Network (Nasdaq: DISH) and perhaps even cable giant Comcast (Nasdaq: CMCSA), despite the geographical limitations.
How can this be good news for Sirius XM when a money-hungry NFL steps up to renew its audio deal with Sirius? Well, who is Sirius going to bid against? It certainly isn't going to compete with its own XM for satellite radio exclusivity. Don't even begin to pit Sirius XM against the fragmented terrestrial radio market or the nascent Web market. DirecTV was likely competing against a hungry competitor in DISH Network, which shed net subscribers last year. Sirius XM will have much greater flexibility in dictating its content renewal terms across all deals.
Cox follows Clear Channel's lead
Wall Street hasn't been kind to terrestrial radio operators, so it's no surprise to see Cox Enterprises looking to take Cox Radio private. Entercom's (NYSE: ETM) founder and his son have also been buying back stock, quite possibly to take that company private too.
Going private doesn't mean that a company goes away, of course. Clear Channel is still a juggernaut. However, being private dries up the potential for raising funds through equity offerings or acquiring rival broadcasters in stock deals.
Satellite radio gets stronger, by default, as terrestrial radio gets weaker.
Along the way, Sirius XM shares have grown sevenfold since bottoming out at last month. Sure, we're just talking about nickels here, but as the wide array of headlines show, being nickel-and-dimed by small pieces of welcome news is not a bad way to get rich.
Mogami is right - this thing will fool you in a heartbeat..... but luckily - the further we get from the hellish BK levels we suffered through - the more it's reacting to overall market trends....
I have been staring at the charts... and listening to all the great advice I get in this board... a combination of it all - plus some good common sense... usually works well with SIRI...
I will admit - I didn't see the bubble pop when we had the dowturn end of last week... but that is my fault - I didn't look far enough back to see the real trend.....
These ****ers are still calling for BK.......unbelievable.
http://www.rwonline.com/article/76928
Quote:
Public confusion over the concept of digital radio is a big part of the problem, Sarow believes. "People really don't know the difference between satellite radio and HD Radio; they are quite baffled," he told Radio World. "Add the fact that satellite radio has gotten the lion's share of advertising and receiver availability, and it's not surprising that the public really doesn't know about us. Maybe if Sirius XM doesn't make it past their next debt refinancing, this will change."
Interesting speculation......
http://www.politicallore.com/economy...peculation/713
Quote:
If the 42% of Sirius XM goes with DirectTV, does it mean that AT&T could be the new 42% partner with Sirius XM? What would AT&T be interested in at Sirius XM? Content? Wireless Spectrum? The CEO of AT&T, has been heard saying that if you’re not in wireless, you won’t make it.
Could Liberty Media be acting as a middle man while priming DirectTV for a merger with AT&T. Is Sirius XM (NASDAQ:SIRI) just along for the ride or has this been the plan the whole time?