SIRI Intraday Updates for the Week of 3/16/09

wow - I just noticed we're up to 1480 posts.... ok.. guess it's 1481.....

long time follower , first time poster.....i'm long siri at 100k shares, avg at $.88.....i will be giving my opinion on the stock movements, and also at comments. sometimes they will be harsh, othertimes it will be complimentary. so dont take anything personal. i've decided to register because i am a siriusbuzz fan and it got tiring to only read comments and not post my own. gl to all..and i'm sure i will not gain too many fans as i am not looking for friends , just will speak my mind....

p.s. i am not negative on the stock, i am long , and no plans to sell

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Originally Posted by bassmaster

long time follower , first time poster.....i'm long siri at 100k shares, avg at $.88.....i will be giving my opinion on the stock movements, and also at comments. sometimes they will be harsh, othertimes it will be complimentary. so dont take anything personal. i've decided to register because i am a siriusbuzz fan and it got tiring to only read comments and not post my own. gl to all..and i'm sure i will not gain too many fans as i am not looking for friends , just will speak my mind....

p.s. i am not negative on the stock, i am long , and no plans to sell

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Im going to ride this SOB for about 3 years and see where it's at.....

I don't plan on selling anytime soon myself...

I have about 2.5% of my pretax income tied up in sirius stock@ .30. If it spikes to .40 tomorrow i'm selling and buying my wife a tennis braclet so she'll stop nagging me about doing the dishes.

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Originally Posted by bassmaster

long time follower , first time poster.....i'm long siri at 100k shares, avg at $.88.....i will be giving my opinion on the stock movements, and also at comments. sometimes they will be harsh, othertimes it will be complimentary. so dont take anything personal. i've decided to register because i am a siriusbuzz fan and it got tiring to only read comments and not post my own. gl to all..and i'm sure i will not gain too many fans as i am not looking for friends , just will speak my mind....

p.s. i am not negative on the stock, i am long , and no plans to sell

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bassmaster, welcome to the board and to the discussion... we can always use another sound thinker.... as far as your popularity by comment who really cares..... this is not a matchmaker site so speak your mind and support your own assertions.....

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Originally Posted by relmor2003

Futures need to "rollover" every month. The contract is for the month you buy it... It has an expiration date. You can "extend the contract" , or close it. If you close it you accept the last losses gains obviously at the time(futures works as a contract between two people. One is a long, the other is a short). As the price of the underlying commodity goes up and down, the long or short gain exponentially vs. their dollar buy in. This is why futures is dangerous, very leveraged game. If you buy a March oil contract it is for March, and thats it. UNG actually HAS to close all their nat. gas contracts out and the end of the month, regardless of if they are up or down on them(this affects prices, as UNG(simply my example, it is a ETF that tracks the price of natural gas) they must close out their contracts. Investors know this. They will try to bring prices up or down near these times(regardless of fundamentals or technicals) therefore giving it a heavy manipulation cloud over the markets for a few days. Thats a very very short explanation of whats goin on, If you want more, I can give it to you in a private message. When all these things come together, you can see why I am calling todays action bs in the main markets. Ton of head fakes going on right now.
Options trading is different. But similar. Calls and puts for the current month they are in, are all worthless if they are not "in the money". If they are in the money, they will automatically execute, unless you inform your broker otherwise. If you dont know how options work, its not hard to find a thousand places to learn. Options expiration week, offers a theory called, maximum pain. Manipulators will push prices AWAY from big losses(option houses). For instance, if SiriusXM did indeed go to 2.50 by Jan of this year, there were TRILLIONS of potential dollars worth of shares that would have to have been distributed. As this is impossible, so was SIriusXM reaching 2.50. Look up MOP. Maximum Option Pain.

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Relmor - you have never ceased to amaze me on 2 fronts 1. Your knowledge that you are willing to share. 2. The time you take to help us less knowledgeable dudes understand all of this! I want to say "Thank You" for sharing both! It is me that asked the question but many others will read your post and gain valuable understanding from it! Again **** Thank You****
Rick

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Originally Posted by cos1000

bassmaster, welcome to the board and to the discussion... we can always use another sound thinker.... as far as your popularity by comment who really cares..... this is not a matchmaker site so speak your mind and support your own assertions.....

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Is it just me or have we gained double the new posters in the last week? It's a good sign....

i've been watching the boards for over a month...but after this last round of BS...i know the shares are worth more than this - and I want to be part of the community.

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Originally Posted by Paratrooper_Rick

Is it just me or have we gained double the new posters in the last week? It's a good sign....

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I agree... I don't think I've seen so many....... "this is my first post" posts until now.....

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Originally Posted by EHRTrader

i've been watching the boards for over a month...but after this last round of BS...i know the shares are worth more than this - and I want to be part of the community.

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Welcome....to our community!:cool: