SIRI Intraday Updates for the Week of 10/06/08

Nice post Seamless. I agree this company could be a global media powerhouse. Will it happen? God i hope so. To be at .48 cents is just so depressing. If theres some positive news at the 3Q CC i may buy more to average down. Good luck to us all.:)

Seamless,

The global growth of SIRI can get a huge boost with an iPhone/iPod application as the iPhone adoption grows globally. Millions of potential new subscribers all over the world! I hope SIRI continues to grow it's internet subscriptions, as that really can continue to expand all over the world as new internet platforms expand. The content is what drives this growth, so I hope that SIRI continues to expand it's content online, as there is no bandwidth restrictions for their online offerings....

This is HUGE!!!

http://www.bloomberg.com/apps/news?pid=c...

"On the Nasdaq Stock Market, 263 companies closed below $1 yesterday, compared with 53 at the end of last year. The exchange is seeking to lengthen the period a stock can trade below the limit before a delisting. Nasdaq stocks under $1 yesterday included Sirius XM Radio Inc. and Trump Entertainment Resorts Inc.

``You're now dealing with extremely high-profile companies,'' said Glenn Tyranski, senior vice president of financial compliance at NYSE Regulation Inc., referring to Lehman Brothers Holdings Inc., Bear Stearns Cos., Washington Mutual Inc. and IndyMac Bancorp Inc." :thumbup::thumbup:

That's good news, but that link doesn't work......try this one.

http://www.bloomberg.com/apps/news?p...d=am9fQUjcakNY

I don't know about you guys but i can already feel it. We're bouncing around in the green for most of the day and right around 3:30 we'll start tanking. I say we close at ~.42 today.

this is getting ridiculous...

LittleTrader,

I know it's easy to be cynical after the beating SIRI has taken, but I try to view things as if I were just coming into the market. SIRI might look like a steal from that point of view. It truly is amazing looking at the spiral of death that is the SIRI chart, but I try to remember that this is a growing business that has much promise and value. You could debate what the value should be, but it's worth something........isn't it?

Market is red and SIRI is green.........that's positive!

I can't believe SIRI just hit .41......I have said that I was bracing for a possible panic dip to .39, but you never are quite prepared for this.......

Thinking about buying more...............

so the tanking started earlier than i had predicted and now we're flirting with the 30's.

I understand that everything is getting killed right now but come on, these are not retail investors selling off everything at the end of the day for the past 2 weeks. what the hell is going on.

Dow now down 640...........this is a crash!

Too late to panic.............

SIRI hit .395 a little bit ago. Is that the bottom?

Mel to speak..........

Mel Karmazin to present at Media and Money conference
By Ryan Saghir on October 9, 2008 3:12 PM

Sirius XM Radio Inc. chief executive officer Mel Karmazin is scheduled to present at the Media and Money conference, hosted by The Nielsen Company and Dow Jones, according to the conference brochure.

The conference runs October 14 - 15 and will be at the Mariott Marquis in NYC. Mel Karmazin's presentation is scheduled for 9:35am ET.

Karmazin is expected to discuss profitability in the company, and what it will take to make Sirius XM a major media player in the marketplace. He will also give his view of where the radio industry is headed and the media industry as a whole.


http://www.orbitcast.com/archives/me...onference.html

http://www.mediaandmoneyconference.com/

Interesting that SIRI hit the top of the decrease in short interest list on the Nasdaq for the period between Sept.15 - Sept.30th, but also was #2 on the short position list? There must be tons of shorts left to cover, including all of the shares shorted since Sept.30th...

http://www.reuters.com/article/marke...0081009?rpc=44

The latest data is as of Sept 30, while the previous period's data is as of
Sept 15.
Company Sept 30 Sept 15 Net Change Pct Change
---------------------------------------------------------------------------
FIVE BIGGEST INCREASES:
LM Ericsson (ERIC.O: Quote, Profile, Research, Stock Buzz) 36,600,372 23,539,691 13,060,681 55.48%
Seagate Technology (STX.O: Quote, Profile, Research, Stock Buzz) 12,989,616 0 12,989,616 100%
Skyworks Solutions (SWKS.O: Quote, Profile, Research, Stock Buzz)27,315,478 20,474,500 6,840,978 33.41%
HSN, Inc (HSNI.O: Quote, Profile, Research, Stock Buzz) 6,265,503 763,931 5,501,572 720.17%
Juniper Networks (JNPR.O: Quote, Profile, Research, Stock Buzz) 37,286,559 32,230,928 5,055,631 15.69%
FIVE BIGGEST DECREASES:
Sirius XM Radio (SIRI.O: Quote, Profile, Research, Stock Buzz) 199,000,884 236,173,485 -37,172,601 -15.74%
E*TRADE (ETFC.O: Quote, Profile, Research, Stock Buzz) 91,609,826 117,457,794 -25,847,968 -22.01%
Comcast (CMCSA.O: Quote, Profile, Research, Stock Buzz) 50,109,014 71,505,009 -21,395,995 -29.92%
Dell (DELL.O: Quote, Profile, Research, Stock Buzz) 33,789,497 51,968,078 -18,178,581 -34.98%
Huntington B'shares(HBAN.O: Quote, Profile, Research, Stock Buzz)76,989,957 93,485,000 -16,495,043 -17.64%
FIVE BIGGEST POSITIONS:
Level 3 (LVLT.O: Quote, Profile, Research, Stock Buzz) 245,078,490 254,532,547 -9,454,057 -3.71%
Sirius XM Radio (SIRI.O: Quote, Profile, Research, Stock Buzz) 199,000,884 236,173,485 -37,172,601 -15.74%
E*TRADE (ETFC.O: Quote, Profile, Research, Stock Buzz) 91,609,826 117,457,794 -25,847,968 -22.01%
Huntington B'shares(HBAN.O: Quote, Profile, Research, Stock Buzz)76,989,957 93,485,000 -16,495,043 -17.64%
Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) 75,368,147 91,692,815 -16,324,668 -17.8%
Source: Nasdaq data as of September 30, Reuters Estimates
(Reporting by Phil Wahba)

Good Morning,

I bought more SIRI in the pre-market at .38, still holding some powder though.
I think today will be green for the market and SIRI by the close - after an ugly open....

SIRI has been down 6 trading sessions in a row. Looking at the daily chart, 6 days in a row is usually the max. SIRI and the markets are way oversold. Institutions love friday rallies, because retailers usually sell on fridays...

A lot of the recent selling in the market has been forced selling from people cashing out their 401k's and mutual funds. It's sad.......

Amazing how the market rally reverses soon as our bone headed President starts speaking.

DO you REALLY believe Bush or Paulson when they say that they will crack down on anyone who illegally bashes stocks down?

I have so little faith that ANYTHING will be done to stop this activity. ESPECIALLY in regards to Sirius.

I only wish I had waited to AVERAGE DOWN the last time at $1....If I had just waited a couple of weeks, I could have bought 3 TIMES as many shares of Sirius for the SAME amount of money....or the SAME amount of shares for A THIRD OF THE MONEY!!

LOL. Oh well. What ya gonna do.

HOLY CRAP....BUSH SPOKE AND THEN RAN AWAY. DIDN'T EVEN ANSWER ONE QUESTION. TYPICAL.

The shorts love it when Bush speaks........he said nothing new. What a joke!

I'm getting ready to buy more on any retest of the lows.

I think today is the day the markets and SIRI start to crawl out of this mess...

SXMInvestor,

Level 2 can be deceptive as manipulators will put in a bunch of phony orders and then cancel them. I think using Time & Sales shows where movement and volume is really going better.
I don't trust all of the bogus orders in Level 2.....it's what orders are actually getting filled that really matters.

With all due respect Demian, I don't have much faith that Sirius will be crawling out of anything just yet.

The refinancing will CONTINUE to hang over this stock and keep it down UNTIL it is addressed.

It's just the way it is in this bad credit market. ANY company with debt will be in limbo.

But if Mel can pull off a miracle and get a good deal in this market....AND if he times the announcement just riiight....the positive effect on the stock could be HUGE.

If Sirius is one of the FIRST companies that manages to refinance in THIS environment just as the market begins to capitulate and turn around....I could see ALOT of money flowing into Sirius as a result.

EVERYONE took their cash out as the market crashed. There was alot of money on the sidelines before...but now there is an INSANE AMOUNT OF $$$$ on the sidelines. When the market turns....there will be a flood of money coming in.

I REALLY REALLY hope Sirius times this just right. After all we've been thru...that would be SO COOL.

Of course even IF a great refinance deal is announced by Mel....we are not out of the woods just yet. But it'd be a good sign.

Friggin,

The Feb. debt doesn't have to be taken care of till Feb.. I think the stock will move way before then on any news of increasing revenue from the "best of" adoptions rates and the success of the synergies etc.. Any news that improves revenue and their cash on hand will show that they are in a better position to take out the Feb. debt and will create confidence in the stock.

I hear u D.

But I don't think that it'll move as much with the debt issue still hanging over it...especially in this credit crisis.

If banks aren't lending, and people are fearful that things could get worse...and sirius NEEDS credit....then any other "GOOD" news coming from Sirius will be overshadowed don't u think?

I know Mel said he wanted to deal with the refinancing SOONER rather than later. So I doubt, unless the economy forces his hand, that Mel will wait until the last minute in FEBRUARY to secure a deal.

The longer that dark cloud remains....the more pressure it will exert on Sirius' stock price.