SIRI Intraday Thread: Tuesday March 31st

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Originally Posted by Sheree

Thanks Choirgirl. I've been watching the news conferences and thought the ones yesterday sounded more positive then those today. I guess only time will tell.

exilejeff, I think you will just have to decide if you personally believe GM is going bankrupt to know if you should sell the shares you own at this price.

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no matter what you decide, you should get those certs into an account. If they burn or get destroyed they are gone.

i know that is what i was telling him, he has only given me some of the certs and i have been trying to decide if i should just sign them over and mail it to the zecco acct i have.....

he still has thousands of shares all rolled up like partchment paper with rubber bands around them lol

WOOHOOO - TDA is giving me 505 free trades for waiting for my transfer..... that's what I'm talking about.....

Time to play with some of the stocks killer/cos/choir pointed me to.... and shore up my holding on SIRI -

Maybe this little low point isn't so bad after all.......

Anyone think we have a chance for significant movement by friday? up/down? I notice the MM's are still at it - right now I'm attributing it to lost momentum following the correction from the BK lows....



:)

exilejeff, I wouldn't sell at this price, but this is just my opinion. What you could do, is sell Jan 2011 2.50 Call for .80. This way you get 2800 $ and still hold the shares and you can use that money to buy Sirius shares.

......i have no idea what you just said but having an additional $2800 and the shares sounds kinda nice.....can you explain it as if i had never traded options before? :P

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Originally Posted by Paratrooper_Rick

WOOHOOO - TDA is giving me 505 free trades for waiting for my transfer.....

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gratz!
but they aren't like the "100 free trades" at e-trade where they have to be used in 30 days right?

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Originally Posted by lloyd Handwerker

It seems logical to me that people (including institutions) would be very wary of Sirius while GM and Chrysler are fighting bankruptcy. Any disruption of the
purchase of cars I would think would be seen as impacting Sirius/Xm.
It may not be at all fair but it still seems logical.

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Your not listening. GM Goes bk tomorrow, people will buy another brand(good for Sirius). GM goes BK might be bad for America(beginning to doubt this however), and great for SiriusXM. Media, and MM's know your the typical thinking man, and take advantage of weak hands off the wrong angle on the news, or simply no news at all(as is this case, 60 days from now GM will get their money).
So in summary, your 100 percent wrong. Nor are you logical. Chrysler isnt going anywhere either.
Want to trade today on real news? Obamas car stimulus plan would be a good one, or revised car sale numbers for 09 would be good news to trade on. Or the MLB money out of escrow(real news to trade on), or Iphone app(real news to trade on). MM's right now are taking advantage of ignorant traders nothing more.

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Originally Posted by relmor2003

Your not listening. GM Goes bk tomorrow, people will buy another brand(good for Sirius). GM goes BK might be bad for America(beginning to doubt this however), and great for SiriusXM. Media, and MM's know your the typical thinking man, and take advantage of weak hands off the wrong angle on the news, or simply no news at all(as is this case, 60 days from now GM will get their money).
So in summary, your 100 percent wrong. Nor are you logical. Chrysler isnt going anywhere either.

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Here's a better reason she's down. March Auto Sales Data will prove 1st quarter disaster.

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Originally Posted by relmor2003

Your not listening. GM Goes bk tomorrow, people will buy another brand(good for Sirius). GM goes BK might be bad for America(beginning to doubt this however), and great for SiriusXM. Media, and MM's know your the typical thinking man, and take advantage of weak hands off the wrong angle on the news, or simply no news at all(as is this case, 60 days from now GM will get their money).
So in summary, your 100 percent wrong. Nor are you logical. Chrysler isnt going anywhere either.

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I don't think he is wrong. This is about market perception which drives buy/sell decisions all the time. Potential BK of GM and Chrysler are causing uncertainty which the markets hate and react, many times in what would appear to be irrational ways (betting against SIRI would be an example of the irrationality). However, it is what it is. If you are long on SIRI, then no matter. This uncertainty will clear up. Other, unrelated favorable SIRI news could counter the uncertainty as well. But, those trading on this stock short term, are definitely getting screwed now by this BK situation.

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Originally Posted by relmor2003

Your not listening. GM Goes bk tomorrow, people will buy another brand(good for Sirius). GM goes BK might be bad for America(beginning to doubt this however), and great for SiriusXM. Media, and MM's know your the typical thinking man, and take advantage of weak hands off the wrong angle on the news, or simply no news at all(as is this case, 60 days from now GM will get their money).
So in summary, your 100 percent wrong. Nor are you logical. Chrysler isnt going anywhere either.

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Well 1st quarters auto sales are released tomorrow. If they are lower than expected we shall see if the stock goes down. That would be my logical quess.
We are arguing about semantics. I am not saying that is "CORRECT" that people react that way just that its logical to expect it. By the way I own 80,000 shares for the long term.