Complete newb question,
If and I say IF BK happens will SIRI still trade for awhile or the moment they file the common goes to .0??? Also I have heard of stocks trading after they file for BK and sometimes seeing rallies???
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Complete newb question,
If and I say IF BK happens will SIRI still trade for awhile or the moment they file the common goes to .0??? Also I have heard of stocks trading after they file for BK and sometimes seeing rallies???
Brandon's article hit the wire 30 minutes a go through istock Analyst. Wasted no time...
iStockanalyst
Sirius XM In Trouble Again
By: Brandon Matthews Thursday, March 05, 2009 6:24 PM
Sectors: Consumer Disretionary
Symbols: SIRI, XMSR
btw..this is opening is pathetic:
>>It is with great distress that I put pen to paper, or in this case fingers to keyboard. Sometimes people believe that SiriusBuzz is SiriusPump. Nothing could be further from the truth and the buzz right now, is chapter 11. In a filing with the SEC, Sirius XM states:<<
:poop:
Brandon,
Hope you're proud of yourself!! You sold cos1000 down the river..But you have been exposed also...
:poop:
Brandon,
One last thing...
:poop:
I am also with Etrade. Once you do enough trades within a given quarter, they allow you to move to Power Etrade Pro, a completely different platform. Multiple screens, windows etc.. There may be an option for getting it sooner by paying a small fee. Their web site should be able to answere all of your questions, as well as provide a demo of the Pro platform. The only thing I am a little unhappy about is that I cannot specify a price out to three decimal places, something that I was told you could do at other brokerages. The third decinmal place would be an advantage in trading siri at these levels.:)
Great to have you here Gina................. the Dog really likes you too. He has a great nose for the ladies. Cos , sl62.......... what do you think the chances are of picking up more shares tomorrow in the range of .122 ??? Am I a tad too low ? .. Cos......... glad to have you back at the front. .. killer.
To Relmor (and Cos):
Interesting reading the exchanges between you and COS, I have have two things for both of you to consider. The first is the allegory about "truth".
This comes in various forms, e.g., Plato's story about the shadows on the cave wall or the Indian story about 5 blind people and an elephant. The latter story is that five blind people were asked to touch an elephant and relate what they thought about the elephant. One touched the tusk, one the trunk, one the ear, the legs, and the tail. Each had there own (and different) "truth" about the elephant. None of them were wrong and none were correct. In other words, be careful about claiming what the absolute "truth" is of anything - including statements in a 10k. Both of you can read the same paragraph and have completely valid and different takes on the information.
The second thing is the need to be careful about figuring out an "angle" on something. I know some spectacularly brilliant people that have as their mode of learning -- figuring out an angle on something and that's how they quickly understand and grasp the concept (almost always faster than me). The only danger is not recognizing that there can be multiple reasons that motivate someone to do something. In other words, it doesn't happen often, but these people can misread a situation by giving to much weight to one angle. In this case, its Cos saying he sold his shares. Your angle on that relmor is fine -- assuming Cos told truth -- he in fact sold the shares, but is that angle the only way to view COS's statements on this board? I don't know for sure but in my opinion (and that's all it is) I don't think so.
Love to read both of your opinions; they help me great deal. Got to get back to work, talk to everyone later.
Oh yeah, I'm long Sirius & (theoretically) averaged in at 0.09 for 53k shares if you look at my position today. In reality, I've sunk $30k and need a price of .57 to break even.
killer.... The Dog has always distinguished himself by the company he keeps, always the finest.....
with the markets on the precipice of setting new lows,..again, I'ld wait before putting money in, even at .1222. who knows how all this will play. Maybe half here at that, and wait until next week for the rest... you know how this thing goes, the closer to a decision the more worried about indecision everyone is ..... I put a buy in at .1102 for tomorrow and pulled the other buy I had in at .1202. The company had the mysterious Email sent out last week that folks talked about that hinted at some news about three ways to listen to XM. This week nothing said... what's up with that???
Cos.............. exactly.......I'm feeling a little left out of the loop with all of the indecisiveness , however don't want to miss out on any low buyin opportunities before the 17th. Greed can be a blind and powerful entity. Will proceed with very cautious partial buyins, so as not to be trapped into buying too high. Will closely monitor all posts and warnings as well. Thanks for that. ... NO FEAR....... ... killer.
Thanks Wirestripper. Hate to see the discussion going too negative, while we're not all not pulling on the same oar, hopefully most of the discourse can reflect some tolerance and a positive attidute -- tough to do with stock!
Hmmm, so I guess since Brandon believes SXM is going under, he will be selling his "long shares" either AH or pre market in the morning.
Very poorly written to say the least.
koop
>>Sirius XM In Trouble Again
March 5, 2009 (5:58 pm) Brandon Matthews
It is with great distress that I put pen to paper, or in this case fingers to keyboard. Sometimes people believe that SiriusBuzz is SiriusPump. Nothing could be further from the truth and the buzz right now, is chapter 11. In a filing with the SEC, Sirius XM states: