SIRI Intraday Thread Thursday June 18th 2009

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Originally Posted by underway

Nothing wrong with criticizing this stock or its mgmt. I am long, optimistic for the long run, but I'm mad as hell over this debacle today. The fact that they didn't anticipate this media churn with a solid explanation out front as to why Howard not included is what has me crazed. It's so bizarre, it lends credibility to some of the posts that Mel has something up his sleeve. I sure hope so. Because it's either that or total incompetence. If I had to bet, it would be on the latter. But, we'll see.

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I'm feeling the same way. And I got even more crazed that others didn't seem as outraged as me about this debacle. The perpetual optimism drove me to a breaking point. Couldn't take it anymore.

Listen, I'm hopeful that this company will get it right and things will eventually be fine and we'll all make a lot more money. But right now, I'm not optimistic. Hope and optimism are very different.

hey relmor, let demian know hes listening to the pirated version of stern... he's totally misinforming the readers of his article. btw, itunes and the iphone app are not the same

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Originally Posted by toxdoc

I agree with your last 2 paragraphs. You are as frustrated as I am. As far as the bottom line goes, I don't think it is that good. They are tremendously over-levered. And they are going to have to address that sometime. Their debt is a dark cloud on the horizon. That's what i'm talking about.

As for how much i have invested, it's none of your business. But it's an amount large enough to justify the amount of time I've spent on this site. I just haven't posted much until today. At my breaking point over the app release debacle.

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agreed we are both frustrated equally at todays dud.

but you have a 3bagger. i dont. i have faith that i will get my investment back. you basically gave up hope saying marketing is all the company has left. if you feel that horrible about the company then sell your stock at a profit. whether its $500 or $5MM. cause your rant is going beyond todays iphone news and your starting to present yourself like a basher/troll

and anyone who wants to chill, can smoke a J and join us in the DAILY MARKET THREAD where we're making money every day.LOL.... dont bring no beef there..

CHARLES ---- please ban any trolls who invade our market thread, it is sooo peaceful there (and profitable;)) LOL

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Originally Posted by bassmaster

agreed we are both frustrated equally at todays dud.

but you have a 3bagger. i dont. i have faith that i will get my investment back. you basically gave up hope saying marketing is all the company has left. if you feel that horrible about the company then sell your stock at a profit. whether its $500 or $5MM. cause your rant is going beyond todays iphone news and your starting to present yourself like a basher/troll

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I'm not a basher. I'm just mad as hell today. So, I guess I should thank everyone for letting me vent. I could complain to my wife, but she doesn't really give a sh*t about this stuff.

By the way, the reason I haven't taken my 3bagger and gone away is because I still have some belief in this company, just not as much as
I used to.

Even though today fizzled regarding the pps, it is a great day for broadening SXM awareness. And there are 14 million iphone/itouch users to go after for subscriptions. And just think there are other SXM PDA apps to bring online.

I am very excited that the app is finally available. It keeps my confidence up that Mel is delivering on what he promises. That is what it takes for me to invest in a company.

I still think HS will be on iphone in short order.

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Originally Posted by bassmaster

btw, from a T/A standpoint, this afternoon could be a head fake. we'll have to see tomorrow if people buy it up.

LOL @ me saying it could be a headfake, it seems like everytime it makes a big drop i think its a headfake..LMFAO

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They did say they were going to get back at the shorts didn't they? I think management has a good plan...they are not trying to hurt their shareholders...they are trying to get rid of the parasites. Think of it as a cleansing.

There is a much larger story to be told at the right opportunity. Certainly no one is questioning, Malone and Mel as a team. They have forgotten more about communication technology than most of us will ever know. I truly believe this is a plan that is looking at profit for Sirius and they are just taking the criticism like professionals. I like that they are closed lipped...and I especially like the professionalism that we are seeing in the Sirius staff overall. Do you know how much poise it takes for customer service to field the hard questions today without offending anyone or jeopardizing ongoing progress behind the scenes.

The iphone app is cool for a first release...nicemac and pocket tunes app will be a choice some will make as well. Nice that Sirius will stream via other software and hardware. The developers will certainly improve on the overall package in time. Suggestions from user groups will be different and hopefully we will see International functionality soon.

I am excited about everything today...and I look at today as a mere stepping stone towards what is to come!

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Originally Posted by bassmaster

remor i appreciate your passion for this stock. i own 100k @ .88 ...trust me i wouldnt want to bash any pumpers or people who want to bring this price up. but take 10 minutes away from your computer, and think how mel let us all down. ok , if we can speculate howard being on in the near future, it wont have the same impact as if he were put on today...THERE SHOULD BE NO DISCUSSION OF WHY HOWARD IS NOT ON THE IPHONE APP PERIOD. we shouldnt be having this talk.

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Exactly.

But here we are. It makes zero sense. The issue here is a legal contractual issue but there is no reasoning as to why that would ever satisfy me. They have had almost a year to get the contract ironed out and they did not. I dont know if its because Howard has his own private application in the works or if he is just holding out for more money, either way, this is inexcusable.

They would have been better off waiting for Howards own official app to drop along side the Sirius XM app (if that is the case) OR waited for Howard and Don to work things out as far distribution goes and got those channels out on this application.

The fact that there was insider sales from people who had information about Howard not being on this application the day before it dropped, should be criminal. The stock skyrockets on leaked info about its release, they sell, and then the negative press of this app hits the street killing the price. Why is that not criminal? I am honestly asking.

• CFO David Frear sold 191,260 shares
• VP Dara Altman sold 136,620 shares
• Officer Scott Greenstein sold 232,250 shares
• VP Patrick Donnelly sold 232,250 shares
• Officer James Meyers sold 273,230 shares

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Originally Posted by bassmaster

hey relmor, let demian know hes listening to the pirated version of stern... he's totally misinforming the readers of his article. btw, itunes and the iphone app are not the same

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Priceless :D

I love that people criticize me. SW is on a roll! They have made some grossly inexcusable errors lately based on what I have been told.

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Originally Posted by Siriustunes

Even though today fizzled regarding the pps, it is a great day for broadening SXM awareness. And there are 14 million iphone/itouch users to go after for subscriptions. And just think there are other SXM PDA apps to bring online.

I am very excited that the app is finally available. It keeps my confidence up that Mel is delivering on what he promises. That is what it takes for me to invest in a company.

I still think HS will be on iphone in short order.

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This makes so much sense to me. If Sirius is going to play fair with all of the potential streaming platforms, they would not have released an app with Stern (their big dog) today...that would have given Apple and AT&T an unfair advantage over Verizon, MobileOne and others...

It is really the ethical thing to do. Playing fair and giving the other companies a chance to integrate will pay off in the long term. I think it is smart business.

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Originally Posted by bassmaster

hey relmor, let demian know hes listening to the pirated version of stern... he's totally misinforming the readers of his article. btw, itunes and the iphone app are not the same

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Ya, i felt like an ass already for spreading that, but i did say it was a rumor. Ive said warning warning!!!
LOL
He figured it out i think. The world ignores us anyway. The world goes round and round. It was well discussed how that app was not the right app.

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Originally Posted by SiriusBuzz

Priceless :D

I love that people criticize me. SW is on a roll! They have made some grossly inexcusable errors lately based on what I have been told.

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Yeah the information got a little slap stick for awhile. Last night I was playing Robin Hood (siriuslypsyched) to prevent some of the new members from being mislead and the forum police gave me a warning ticket (I probably did over react a little but not bad enough to get pulled over and cited) ...so I tore it up the warning citation and moved on.:) I decided that it was making me too stressed out.

IT was never even an "app" it was a podcast. This is wrong on so many levels.

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Originally Posted by SiriusBuzz

Priceless :D

I love that people criticize me. SW is on a roll! They have made some grossly inexcusable errors lately based on what I have been told.

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Errors......
I cant contain the errors!!!
I dont mettle with their madness. THey love to be the first with news....Sometimes when your that way you get it wrong. Maybe they feel like they need to beat you guys to the punch so to speak. I tell them not to worry. No worry of Charles or Tyler ever leaking anything good. LOL
That was a joke actually, I just had to say it. Funny. Good stuff. Admit that was funny. LOL :D
Im kidding too. I think in May maybe ....
So anyho....
I did take 10 minutes , as suggested. Stretched. Played with my pen....
And then remembered. I wrote a least 10 posts today bitching about this bs of a day. So I realized I was wasting my time, and stopped. Now im typing again.

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Originally Posted by SiriusBuzz

IT was never even an "app" it was a podcast. This is wrong on so many levels.

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5
I counted.
They should pull it.

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Originally Posted by toxdoc

No, I'm not looking for a bashing site. Just looking for an objective one. And this isn't it. Just tryin to speak some truth. The truth is that there is alot of blind optimism on this site that somehow SXM is going to quickly turn around and the stock price is going to pop like crazy despite any good objective data suggesting so.

As an investor, don't you want unbiased objective data and opinion? Don't you want facts, not blind optimism? The facts are that Sirius has never shown a profit. And although they came close last quarter, it was mainly because of good cost cutting, not great increases in revenue. They are extremely over-levered. They are losing subscribers and had to bailed out by Malone, leaving serious dilution a problem. Now you can spin the numbers anyway you want, but that's the bottom line. They are treading water right now, plain and simple.

With all this in mind, their PR campaign and marketing strategies become vital for their survival. And the fact is that they manage to screw that stuff up time and time again. They simply don't seem to get it!

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Sorry to burst your bubble,but you have the wrong site for Cheerleaders,that would be another site maybe,we only deal with objective facts here not rumors or hype or conjecture...

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Originally Posted by toxdoc

No, I am invested. Got in at .1185. Just frustrated because could be so much better if they had a clue on how to market themselves. Because let's be honest, that's all they have left. Their bottom line is ugly and it will continue to be ugly for quite some time.

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Really,why don't you put up some of those ugly numbers on the bottom line,Educate me please..lets see if you know what your talking about?

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Originally Posted by SIRIHILL

This makes so much sense to me. If Sirius is going to play fair with all of the potential streaming platforms, they would not have released an app with Stern (their big dog) today...that would have given Apple and AT&T an unfair advantage over Verizon, MobileOne and others...

It is really the ethical thing to do. Playing fair and giving the other companies a chance to integrate will pay off in the long term. I think it is smart business.

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that is fkn funny!!!!! i dont agree with the ethical part. id rather have said , its good karma . LMFAO

IMVHO--- anyone bashing charles/tyler for their articles are clueless or just on a mindbender. i dont need to defend them, they can defend themselves. but, charles informs his readers of the competition and their moves. he gets bashed for that. fine. opinion is opinion. im a big believer in knowing who the fck is my competition and what the fck they are doing to get an edge on me. he gets hammered stern is not on the iphone app and writes about it.

EXCUSE ME, SINCE WHEN IS STUPIDITY AND IGNORANCE A GOOD DEFENSE FOR THIS STOCK? IT DOESNT WORK IN FRONT OF A JUDGE, WHAT WOULD MAKE ANYONE THINK NOT TALKING ABOUT IT WILL MAKE THE STOCK PRICE STAY UP???? IF CHARLES DOESNT WRITE ABOUT IT, OR BRANDON DOESNT WRITE ABOUT , DO ANY OF YOU ACTUALLY BELIEVE THE PEOPLE WHO RUN THIS MARKET WILL NOT KNOW THE IMPORTANCE OF STERN BEING LEFT OUT REALL MEANS?? EVERYBODY GO FCK YOURSELVES, IM GOING TO SMOKE A JOINT AND CHAT IN THE DAILY MARKET THREAD WITH MY BOYS FROM SATWAVES AND SIRIUSBUZZ --BILL HART , SHOTS, LOSTIBURONES...WE JUST CHILL AND MAKE MONEY EVERYDAY........ PZZZZZZZ

http://www.thestreet.com/_yahoo/vide...=1#26743681001

This video points out facts and does not bash, nor is it a "cheerleader".

Charles, why is the edit button that massive icon?

lol, sorry i didnt mean everybody, just the retarded ones who take logic and sense out of the discussion.