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Talk about speculation, something sure caused a run on Worldspace stock this morning...........up 92%............. looks like it topped at 2 cents, and has now fallen to 1.5................. If I read the charts right, it's been hanging out around .008 for a long time.........check out WRSPQ if you want to follow it (or speculate in it................. heck 50K shares at a penny costs only $500).Quote:
Originally Posted by denco1
A mere mention of something/someone by itself doesn't normally elicit an emotional response unless there is someting more to the story. As long as it's respectful and objective, then folks should be able to post, as has been done over the several years I've been here, stuff from other sources without inciting the emotional outbursts that have plagued other sites.
Charles has done a great job of maintaining the civility of this site, and I hope it continues to be a place we can share diverse insights and opinions without fear of attack, retribution or reprisal. Just my two cents.
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Originally Posted by yoda4x4
Its information, I agree it is not very useful (this article anyway) but at some point it may be useful info and a source of news that can and should be noted/quoted from time to time. Many of us are quite aware of the "issues" over "there" and take it all with a grain of salt.
With such a small float/volume, the mere few of "us" buying can drive it up like so but our selling can drop it as well, a mini-pump and dump I fear. Staying away myself, been burned before.Quote:
Originally Posted by siriusly_invested
Quote:
Originally Posted by siriusly_invested
The $ so far changing hands today is less than 15K. Not a lot of interest. I have a buy in for 200k shares, or $2k worth just for the fun of it.Quote:
Originally Posted by radejs
EDIT: Kind of like buying a boat load of Lotto Quick Pics....
I'm with you Rad.., I wasn't voicing an opinion that folks should jump at it, just pointing to the mere emotional influx caused simply by a passing publication.................... I too have had my share of pump and dumps (twice at least), and I do not care to try for number three.Quote:
Originally Posted by radejs
Liberty is selling back shares in proportion with common bought back. In essence, there is a $2 billion buyback in the works. Liberty will get $1 billion and $1 billion will be used to buy shares from minority owners (you and I). Doing it this way keeps Liberty's percentage of ownership in tactQuote:
Originally Posted by siriusly_invested
I had to LOL at "WorldSpace Inc WRSPQ:OTC Pink" moves today. BJM must be feeling powerful today. Goofy article if you ask me. No need to read it. I wonder what his sleep schedule is; given that it shows it was written around 5am this morning. If he had a good nights sleep and woke up early to write that article - it's sad.
Can someone please explain for me: Now that Liberty owns majority stake in SIRI, what is the implication on we share holders of SIRI if they should decide to divest us into their various other entities? Does that imply that we receive value for our shares or does our equity simply vanish? It would appear that one way to stay invested in SIRI (or with our disolved shares if that is what they become) is to place our money in Liberty (someone said that would now be LMCAD) or others of their holdings such as XM Canada, etc.............. I do not see mass exidus to the door yet, so I presume there remains some incentive to retain holdings in SIRI............. I suppose that once the Institutions decide to get out it'll be too late to escape with much in hand. Is that a good assumption?
There is likely plenty of time. I sold half of my SIRI last spring and invested it into Liberty. Liberty just did a spin from Starz, so I wound up with a bunch of STARZA shares. I sold those the day of the spin and still hold Liberty (LMCAD).Quote:
Originally Posted by siriusly_invested
There is no guarantee about how Liberty may act, but we do know that Liberty has stated that it wants to get back the $1.7 billion it invested into buying common shares to go above 50%. Liberty will get about $1 billion in the already announced share buy-back of $2 billion. That means that Liberty will still have about $700 million in high basis shares that it will want to extract. That means that another buyback of about $1.4 billion will need to happen. That could be 18 months to 2 years away.
After Liberty extracts that money it will likely want to do a Reverse Morris Trust (RMT). This gives liberty a tax friendly way to realize the huge gains on the original 40% that it got for a meager $12,500. Right now those gains are about $7 billion.
In order to do an RMT Liberty will need to merge a bigger company into the smaller SIRI. With the Liberty stake over 50% this can happen. In an RMT the Liberty shareholders would get shares of SIRI and the company would once again be a company without a major shareholder.
My opinion is that Liberty will keep SIRI levered (in debt) at about 4 to 1 of EBITDA, having SIRI borrow money if necessary to buy back shares.
Quick chart......
Attachment 751
Liberty owns over half the company. Imo, when the buyback starts, they are in essence, still buying?( with a long way to go at that) I see them buying back at the prices they choose, keeping the MM's and shorties in check, all the while receiving a premium for the shares they bought at a depreciated price. We buy back from them to keep their % the same. When you own approx. 3 billion shares, why would you want the price to go down just to get a bargain when you could make approx. $30,000,000 per penny of movement in the upward direction, how much money would you save getting it at $3.00 compared to $3.16? To start off with they would be would be $480,000,000,000 480 MIL in the hole from where they started to begin withQuote:
Originally Posted by radejs
(30,000,000 x -16 cent=-480,000,000,000) I mean what if they bought another 50 million at $3.00, 50 mil x 16 cent = 8 miilion. What kind of bargain would that be? Loose 480 mil verses saving 8 mil. Unless someone thinks Liberty is the shortie? I'm calling some Hogwash!!!
@ Rad,
Quote, 1-17-13 "The farther out on your chart you go, the less clarity, imo, We break 3.16 tomorrow, and I'm calling $3.16 close. It's gonna be a good Friday, imo. Gla
I have a new indicator, and I feel tomorrow is gonna be interesting,imo."
Guess I won the Call the Close for the day!!!;) Gl Bro
Thanks Spencer (I think). This picture is starting to finally soak in, slowly and painfully. Seems someone made reference to a Malone talk in which he implied it could be a couple years before the RMT will execute. Hopefully, that leaves lots of space for this dog to run and to let us systematically decide how to make the best of it. I suppose if one wanted into LMCAD, it would be better to make that commitment sooner than later. I see it didn't move today, so apparently teh latest news failed to make a big impression.Quote:
Originally Posted by Spencer Osborne
Denco it's about time for an update of your P&F, thanks in advance.
http://www.youtube.com/watch?NR=1&v=l-O5IHVhWj0
Have a good weekend everyone!!!
Red cloud good call on the bounce and close, I missed seeing your 3.16 call on the close the first time! oops. I guess since Im out at 3.17 average I didn't look at 3.19 bounce but for a quick trade it would have worked well from 3.12 to 3.19, nice job!
I am looking farther out, true, and have buys in all the way down. I reevaluate every day.
edit: shoot, I reevaluate every minute from premarket to after hours! :money:
You and me both:thumbup:Quote:
Originally Posted by imromo24
I sold $2.17's the other day and bought back last night AH's!!! Ya gotta love them $7.95 trades AH's with Fidelity, no extra fee's.
My how times have changed. Seems only 4 or 5 years ago that my wife and I dumped our Fidelity accounts when we lost our argument against their $72 commissions. Apparently they have wised up since then.Quote:
Originally Posted by Redcloud
PS. I am totally sold on TD Ameritrade for reasons of their supurb customer service, their excellent suite of tools (charting, analysis, trading, etc.), and a fair commission rate which remains constant through any volume of trades and during all timeframes (PM, normal market hours, and AH) Correct me if I have overlooked something, but I fail to see useful tools at Fidelity.
Alright IM ROMO, Looks like it's me and you brother, I'm out. Have a good weekend. Peace Out!!!
Yes tdameritrade kicks butt!Quote:
Originally Posted by siriusly_invested
I was just talking about the trade fee with Fidelity, I got Etrade too. I'm sure different platforms all have their own perks...