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yeah etrade cant compete with td, i dont think any broker can compete with td, ive been with them for 5 months and im still finding new features, not to mention my free checking and debit card which i signed up for today. i think alot of these brokers are seeing a mass exodus to TD
With the boring news coming out today from the interview coupled with the auto industry floating around like a dead fish yes, this is definately not a day trading or even an active traders stock. I'm just waiting for it to to rise some so I can break even and get outta this stagnation with SIRI. As Malone has stated there may be something down the road for Sirius with Liberty's ventures...just not for quite a while. Ugh. I'll bail as soon as I'm able - unless of course somebody can prove me otherwise.
Been flat ever since it went to 62 cents. I hope something happens tomorrow.
Quote:
Originally Posted by trippingthespeculatingpos
Yeah about that....
It's taken me 7 weeks to transfer my account from Sharebuilder to TD. Sharebuilder has been able to prolong this process by "misplacing" a tracked and signed of reciept package from TD via UPS. JUST yesterday I've received a message stating that the process has now begun...which will take 10-15 days. :mad:
Hey, I've been lurking a while, thought I'd say hello.Quote:
Originally Posted by Gallep
Yeah, I am trying to get out of Sharebuilder's clutches as well. They don't have Automatic Account Transfer so everything's transferred manually and takes forever. I'm trying to switch over to TD as well, they only charge the $9.95 or whatever for any trade as opposed to Sharebuilder's large surplus order charge over 1000 shares where they charge you .025% on the principal balance plus the $9.95. I'm done with Sharebuilder (well that is at least I will be a month from now or however long this purgatorial process lasts)
Now here's to some eventual and sirius upward movement!
I just went through this, too.Quote:
Originally Posted by Gallep
The good news: That "10-15 days" warning really means 1-3 days.
I looked at my TDA account the very next day after receiving that notice, and poof, all my funds were in there.
Hang in there.
The area that they came into the United States (Brownsville TX) is 30 miles from where I used to live, and actually where I am currently going to school by internet.Quote:
Originally Posted by relmor2003
Did ANYONE catch that this kid had been running a fever for 5 days before he was hospitalized? From working healthcare down there, I have very little doubt that the child was nearly dead before he ever was taken to the hospital. I have seen it way too many times. I may make a couple of phone calls to my friends who work there (in the emergency room) to confirm.
The society down there is extremely poor and most wait way too long before seeking medical help. The report also did not mention if the child was legally in the US either. If they were illegal, they REALLY wait until last minute to seek help, because they are affraid of deportation, which is unfortunate because the hospital is restricted BY LAW from calling any type of immigration authorities.
This swine flu had gotten totally out of control. I am not talking about the flu itself, I am talking about the medias coverage of it. If we thought that the recession talk was killing our economy, this is even worse.
Like Relmor said: The REGULAR flu kills thousands every single year in the United States. This has killed ONE. The lengths that the states and governments are forcing hospitals to go to is insane. I worked yesterday... lets just say I am glad I have the next couple of days off.
When someone comes to the hospital and says "I think I have Swine Flu" but does not even know what it is? That is media-induced hysteria. I want the media to create a disease called "ImAMoronItis". That way when people come in saying "I have ImAMoronItis" we can say yes you do.
As we say in the medical field "Stupidity is seldom fatal, but it is chronic."
Absolutely correct. The poor baby didn't have a chance. The media should be reporting on the number of deaths in Mexico each year from regular flu. I'm sure it's a huge number. The U.S. number is over 30,000 per year. That would give this context. With headlines showing 150 Mexican deaths, and now 1 baby "in the U.S.", it starts a semi-panic. Stupid. Especially since the baby was from Mexico, and apparently taken to the U.S. after gravely ill. So, the baby developed swine flu in Mexico, deteriorated in Mexico due to lack of care, but technically is now a U.S. death. Ridiculous.Quote:
Originally Posted by Newman
I'm calling a .40 close today
bleh
EDIT: read it wrong obviously.
http://investor.sirius.com/releasede...leaseID=380583
SIRIUS XM Radio Creates 'First 100 Days Radio,' Three-Day Channel Dedicated to President Barack Obama's First 100 Days in Office
Last update: 4/29/2009 2:51:00 PM
--Tells the story of Barack Obama's First Hundred Days in his own words featuring key moments of his most important speeches
NEW YORK, April 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- SIRIUS XM Radio (SIRI) today announced it will launch First 100 Days Radio, a special non-stop channel dedicated to President Barack Obama's first 100 days in office. First 100 Days Radio will feature all the significant milestones from the Obama presidency in President Obama's own words in an audio documentary created by SIRIUS XM's exclusive P.O.T.U.S., Politics of the United States, channel. The special channel will air Thursday, April 30 through Saturday, May 2, on SIRIUS channel 113 and XM channel 120.
The First 100 Days Radio channel will broadcast the President's own words, unfiltered by political pundits and partisan commentary. This unique broadcast will explore every side of the Obama story, from his historic inaugural address; signing the Lily Ledbetter Fair Pay Act, his first bill signed into law; his first news conference from February 9; and the G-20 speech he delivered on his first trip overseas, and more.
The "100 Days in 100 Minutes" audio documentary will also premiere on P.O.T.U.S., SIRIUS channel 110 and XM channel 130, on Wednesday, April 29 starting at 6 pm ET.
SIRIUS XM Radio's P.O.T.U.S., Politics of the United States, channel, originally created to cover the 2008 Presidential election, bridges the gap between the politics of the White House and the issues that matter most to Americans, broadcasting an independent forum for political news and discussion. SIRIUS XM listeners will hear an unbiased roundup of the major speeches, news conferences, stories and other events that shape political discussion throughout the day as well as exclusive shows hosted by Pete Dominick, Tim Farley and Joe Mathieu.
Nah...Obama didn't produce anything exclusive for Sirius. Sirius is using his public speeches in an 'exclusive documentary', meaning Sirius created the piece they are broadcasting... a compilation of speeches with commentary by Sirius reporters, talent.Quote:
Originally Posted by trippingthespeculatingpos
The more I think about it.....so what? I guess s-xm figures they may entice some new subs from the 'super Obama groupies' out there, and want to capitalize on his speech tonight. Doubt it will bring in much revenue though. No big deal.
o well, it cant hurt. I think it could interest those hardcore obama followers.
agree....can't hurt at all.Quote:
Originally Posted by trippingthespeculatingpos
woo hoo, green, told ya it would be a good day... :D
I was buying and selling on the dips and spikes all day today...cost me $70 in commisions but i picked up an extra 35 shares.... :p sweet
jk
SIRIUS XM Adopts Stockholder Rights Plan
Last update: 4/29/2009 4:42:00 PM
--Rights Plan is Designed to Preserve Tax Benefits of Net Operating Losses
NEW YORK, April 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- SIRIUS XM Radio (SIRI) today announced that its Board of Directors has adopted a stockholder rights plan to preserve the value of significant tax assets associated with the company's tax net operating loss carryforwards under Section 382 of the Internal Revenue Code.
Under the rights plan, one right will be distributed for each share of common stock of SIRIUS XM outstanding as of the close of business on May 11, 2009. Pursuant to the rights plan, if any person or group (subject to certain exceptions specified in the rights plan) acquires 4.9% or more of the outstanding shares of common stock of SIRIUS XM (assuming for purposes of this calculation that all of the Company's preferred stock is converted into common stock), without the approval of the Board of Directors, a significant dilution in the voting and economic ownership of such person or group would occur. The rights plan may be terminated by the Board of Directors of SIRIUS XM at any time prior to the rights being triggered.
"Our net operating loss carryforwards are an important asset of the Company; an asset that we believe we should make every effort to protect. This rights plan protects the interests of all stockholders and preserves these substantial tax benefits for the Company," said Mel Karmazin, Chief Executive Officer of SIRIUS XM. "The rights plan is intended to enhance stockholder value; it has not been implemented for defensive or anti takeover purposes."
The rights plan will continue in effect until August 1, 2011, unless earlier terminated or redeemed by the Board of Directors of SIRIUS XM or certain other events occur. The Company plans to submit the rights plan to a stockholder vote by June 30, 2010, and if stockholders do not approve the rights plan by this date it will terminate.
Additional information regarding the rights plan will be filed by SIRIUS XM in a Current Report on Form 8-K with the Securities and Exchange Commission. Stockholders of record of SIRIUS XM as of May 11, 2009 will be mailed a summary of the rights plan.
Thanks but what does this mean?Quote:
Originally Posted by trippingthespeculatingpos
Mean we get a share and a tax right for being current owners. New large block owners of 5% or more would be barred this. I suppose this makes the shares transferrable, but not the tax right? Or it does, unless one has more than 5%? HOMER!!!!!!!!!!!!!!!!!!!!!Quote:
Originally Posted by dmo2424
Yes, Im whining....
:)
this is the best reponse ive seen, taken from yahoo
"That is a very weird thing. Part of it is a poison pill, very normal, if someone tries to buy the company on the stock market, they can be stopped after they register a 5% ownership, by dilution with new stock.
The attachment of tax-loss-carryforwards to the stock is something I have never seen. The bottom line is that a loss can be booked, and has carryforward value. For example, I sold a bunch of stock at the end of 2008, and booked a loss of about $18,000. I can claim a $3000 loss for the next 6 years. I carry forward that tax loss. Each year that carried loss is going to get me about $1000 back on my taxes. So I have a weird kind of asset: my 2008 losses. Likewise Sirius has past losses, that are useful for containing future taxes. In the same weird way, the long loss book, is an asset to any company paying taxes.
The weird part is somehow, they are assigning that asset as a right, onto the stock shares. So after May 11th, your stock has a book value attached, where before May 11th, your stock owns a company with a loss carryforward aggregate book value contribution.
Presumably, this is another way to stop hostile takeovers. I wasn't aware of any hostile takeover aimed at Sirius, but perhaps there is something that Sirius is more aware of. Or it could just be preemptive.
This is half-baked analysis, and should be considered unreliable."
Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire
SIRIUS XM Adopts Stockholder Rights Plan
Posted : Wed, 29 Apr 2009 20:43:17 GMT
Author : SIRIUS XM Radio
Category : Press Release
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NEW YORK, April 29 NY-SIRIUS-XM-Rights
Rights Plan is Designed to Preserve Tax Benefits of Net Operating Losses
NEW YORK, April 29 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI) today announced that its Board of Directors has adopted a stockholder rights plan to preserve the value of significant tax assets associated with the company's tax net operating loss carryforwards under Section 382 of the Internal Revenue Code.
Under the rights plan, one right will be distributed for each share of common stock of SIRIUS XM outstanding as of the close of business on May 11, 2009. Pursuant to the rights plan, if any person or group (subject to certain exceptions specified in the rights plan) acquires 4.9% or more of the outstanding shares of common stock of SIRIUS XM (assuming for purposes of this calculation that all of the Company's preferred stock is converted into common stock), without the approval of the Board of Directors, a significant dilution in the voting and economic ownership of such person or group would occur. The rights plan may be terminated by the Board of Directors of SIRIUS XM at any time prior to the rights being triggered.
"Our net operating loss carryforwards are an important asset of the Company; an asset that we believe we should make every effort to protect. This rights plan protects the interests of all stockholders and preserves these substantial tax benefits for the Company," said Mel Karmazin, Chief Executive Officer of SIRIUS XM. "The rights plan is intended to enhance stockholder value; it has not been implemented for defensive or anti takeover purposes."
The rights plan will continue in effect until August 1, 2011, unless earlier terminated or redeemed by the Board of Directors of SIRIUS XM or certain other events occur. The Company plans to submit the rights plan to a stockholder vote by June 30, 2010, and if stockholders do not approve the rights plan by this date it will terminate.
Additional information regarding the rights plan will be filed by SIRIUS XM in a Current Report on Form 8-K with the Securities and Exchange Commission. Stockholders of record of SIRIUS XM as of May 11, 2009 will be mailed a summary of the rights plan.