SIRI Daily Thread - Thursday 12/20

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12-20-2012, 11:48 AM
denco1

Quote:

Originally Posted by nytimbo58

I am still a member over there also, but new forum is being filtered by employers websense software, will still read at night when home, but as I said Bass, Denco, and what appears to be HB, JBB, sorry if didn't mention you, :) and the many familar names, you guys insight is invaluable.

Now if at work I only had the time to buy the daily dip in SIRI that happens most every day first hour or two of trading. But it seems also everytime I try it does not cooperate and goes against me.:annoyed:

What exactly does this mean Timbo??...what is websense software??
12-20-2012, 11:54 AM
Limit5Bass

It is a software tool for Timbo's employer to keep employees off certain types of websites, such as forums, chat rooms, etc..

Quote:

Originally Posted by denco1

What exactly does this mean Timbo??...what is websense software??
12-20-2012, 11:54 AM
Hillbilly

1 Attachment(s)

so, today...it's a bit chilly...

Attachment 666
12-20-2012, 11:58 AM
denco1

Quote:

Originally Posted by Limit5Bass

It is a software tool for Timbo's employer to keep employees off certain types of websites, such as forums, chat rooms, etc..

Quote:

Originally Posted by Hillbilly

he means that his employer doesn't like him to read that site - it's blocked.

Thanks guys!
12-20-2012, 12:09 PM
denco1

Quote:

Sirius XM Radio Settlement Approved by U.S. Appeals Court

http://www.bloomberg.com/news/2012-1...tml?cmpid=yhoo
12-20-2012, 12:18 PM
radejs

Quote:

Originally Posted by Limit5Bass

It is a software tool for Timbo's employer to keep employees off certain types of websites, such as forums, chat rooms, etc..

smart phone with wifi turned off using 3G or 4G is a bypass of employers systems.
12-20-2012, 12:35 PM
siriustimes

Quote:

Originally Posted by radejs

smart phone with wifi turned off using 3G or 4G is a bypass of employers systems.

LMAO. Now I know why my employees are always on their phones.:tysign:
12-20-2012, 12:39 PM
yoda4x4

Quote:

Originally Posted by denco1

http://www.bloomberg.com/news/2012-1...tml?cmpid=yhoo

So what exactly were the terms of the settlement?
12-20-2012, 12:45 PM
denco1

Quote:

Originally Posted by yoda4x4

So what exactly were the terms of the settlement?

I don't remember the exact terms but they were very favorable to SIRI and the Class settlement was on appeal. Seems the appeal has been shot down in favor of the original settlement. Spencer wrote an article or 2 on this I believe a while back. I will see if I can find it.

http://siriusbuzz.com/summary-judgem...shenk-case.php

http://siriusbuzz.com/sirius-xm-clas...ver-though.php
12-20-2012, 12:47 PM
RKOREYVA

Quote:

Originally Posted by yoda4x4

So what exactly were the terms of the settlement?

Sirius XM Class-Action Settlement Upheld by Appeals Court
By Don Jeffrey and Bob Van Voris on December 20, 2012

Sirius XM Radio Inc. (SIRI) and its customers won appeals court approval of a class-action lawsuit settlement challenged by some satellite radio subscribers who claimed they got too little and lawyers too much.

The U.S. Court of Appeals in Manhattan today affirmed a ruling by a lower court that approved the suit settlement, valued at $180 million. Plaintiffs’ lawyers were awarded $13 million in fees.

“Competent counsel appeared on both sides, and settlement was reached only after contentious negotiations,” the appeals judges said in their opinion. “Thus the district court did not abuse its discretion when it presumed the proposed settlement was procedurally fair.”

Subscribers sued Sirius XM Radio in 2009, claiming that it violated antitrust law when it raised prices after Sirius Satellite Radio acquired its only competitor, XM Satellite Radio, in 2008. They said Sirius broke promises it made to win merger approval from the Federal Communications Commission.

Sirius XM argued that the price increases were justified to cover higher costs.

In August 2011 Sirius XM won District Court approval of a settlement before a trial was to take place. The accord provided for an unchanged subscription price for five months ending last Dec. 31.

The appeal is Blessing v. Sirius XM Radio, 11-3696, Court of Appeals for the Second Circuit (Manhattan). The lower-court case is Blessing v. Sirius XM Radio, 09-10035, U.S. District Court, District of New York (Manhattan).

To contact the reporters on this story: Don Jeffrey in New York at djeffrey1@bloomberg.net; Bob Van Voris in New York at rvanvoris@bloomberg.net.
12-20-2012, 01:22 PM
imromo24

Quote:

Originally Posted by denco1

@IMR24

I like those charts from last night....Tks

If we can pick up a bit in volume we could push this thing. Options may just keep us in check on both sides though. The weekly candle is itching to close at a multi year high....

EDIT: We've already put in the intra week high at 3.01. Now for a close of at leat 2.93 for the week....

thanks and you're welcome!

This low volume has my trade finger itchy. I have a sell at 3.05 today expecting a random run on low volume.

Which way will the options close tomorrow? I thought I understood how they worked until I learned high volume in calls can also be bearish because it means shorts are hedging.
12-20-2012, 01:27 PM
denco1

Quote:

Originally Posted by imromo24

thanks and you're welcome!

This low volume has my trade finger itchy. I have a sell at 3.05 today expecting a random run on low volume.

Which way will the options close tomorrow? I thought I understood how they worked until I learned high volume in calls can also be bearish because it means shorts are hedging.

We're close on that sell. I've got one in at $3.04 in case of a quick pop.
12-20-2012, 01:31 PM
Geoworld

1 Attachment(s)

Don't worry too much about the weather today...It isn't important in the long run.

Quote:

Originally Posted by Hillbilly

so, today...it's a bit chilly...

Attachment 666

Attachment 667
12-20-2012, 01:37 PM
nytimbo58

web filter for "offensive content" alot of corporations use em.
12-20-2012, 01:38 PM
Hillbilly

limh - you're probably right...

--- on a side, today's my wedding anniversary...should tomorrow be [my] last day, the wife probably done gone and ate me :)

Quote:

Originally Posted by Geoworld

Don't worry too much about the weather today...It isn't important in the long run.

Attachment 667
12-20-2012, 02:17 PM
imromo24

Quote:

Originally Posted by denco1

We're close on that sell. I've got one in at $3.04 in case of a quick pop.

I'm a big time chicken, was about to make a trade on the wedge forming up at 1pm but wanted one more pop to 2.99 (or rather hoped it would break out upward. Instead it went to my target buy (if I had gotten 2.99) of 2.94 super fast.

I hope we take down nite at 2.96 and move this puppy up on S&P maintaining a buy rating due to Meyer being CEO.
12-20-2012, 02:25 PM
denco1

Quote:

Originally Posted by imromo24

I'm a big time chicken, was about to make a trade on the wedge forming up at 1pm but wanted one more pop to 2.99 (or rather hoped it would break out upward. Instead it went to my target buy (if I had gotten 2.99) of 2.94 super fast.

I hope we take down nite at 2.96 and move this puppy up on S&P maintaining a buy rating due to Meyer being CEO.

I was hoping for a shot to buy the ask at 2.94 for a quick trade but bought the 2.95 ask instead. Hope I don't have to eat those shares for lunch.....
12-20-2012, 02:34 PM
G4504

How about tomorrow's option expiration on Sirius XM? Any thoughts?
12-20-2012, 02:35 PM
abcdarin

Quote:

Originally Posted by abcdarin

Good morning guys!!! Damn work keeps getting in my way so I can't post to often. Yesterday I thought we should be in the 2.90-2.91 range at close. I was wrong!!! So I am going for my next wrong prediction. We trade between 2.98-2.94 and we close at 2.95. Lets see what we get. The chart data now is so far back it is hard for me to work. Good luck!!

Well I am still going with my above call. Even though we went up just a bit higher for a second.
12-20-2012, 03:01 PM
denco1

Quote:

Originally Posted by imromo24

I'm a big time chicken, was about to make a trade on the wedge forming up at 1pm but wanted one more pop to 2.99 (or rather hoped it would break out upward. Instead it went to my target buy (if I had gotten 2.99) of 2.94 super fast.

I hope we take down nite at 2.96 and move this puppy up on S&P maintaining a buy rating due to Meyer being CEO.

Quote:

Originally Posted by denco1

I was hoping for a shot to buy the ask at 2.94 for a quick trade but bought the 2.95 ask instead. Hope I don't have to eat those shares for lunch.....

got rid of them at 2.98......volume low so don't want to chance it.

EDIT: Just flip shares........STILLLONGDUCKDONG!!!!

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