This company hasn't proved themselves yet. They haven't turned a profit to prove the critics (shorters) wrong. Once they show their business is viable and we move upwards, then a r/s can be implemented.Quote:
Originally Posted by winagain35
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This company hasn't proved themselves yet. They haven't turned a profit to prove the critics (shorters) wrong. Once they show their business is viable and we move upwards, then a r/s can be implemented.Quote:
Originally Posted by winagain35
well he has sorta been right asit dropped to .1342 today and i n ever would of imagined that, but if it gets to .12 ill be shitting myself, and probaly punching things lol
look what is clearly wrong here is that this stock has traded at these levels when bk was expected, now that bk is not expected its still trading at these levels? Your right about the manipulation part.
It's criminal. Watch the real time action - the MMs walk the price down with tiny blocks, 200, 300 shares. How can a stock with 3.8 billion shares be driven down with a 20 dollar trade? I know you disagree with me on the RS trip, but man, I just don't think this kind of stuff happens to five dollar stocks.Quote:
Originally Posted by trippingthespeculatingpos
your right winagain its easier to manipulate at these level's but i just think a r/s is the end of why i got into this stock heh, i think we can get out of these level's once all the institutions have finnaly covered their shorts and have gone long, another thing holding it back could be that the mm's are waiting for the quarterly result's cause right now no one knows what situation siri is really in, once that gets cleared up and things are still looking like they did last year growth wise maybe then the mm's will let it climb.
to sum it up we can still get out of these level's its just going to be a bumpier ride with all this manipulation, a bumpy and stressful ride for us longs :(
Even if the shorts "cover", they will be right back after the sqeeze when things settle down. This company still has the same amount of debt it had last week.
give it some time - months perhaps - after a quadruple bypass (see liberty/sirius deal, 2/17/09) - a patient who was facing an imminent coronary thrombosis, isn't about to walk away the day after the operation; alive, yes, walking, uh-huh.
when bear stearns started failing in march 2008, it took several months for the market to react
even when fnma and fmac started failing a couple of months after that, around july, it was still yet a few more months before the market really took it to heart and decide to self-implode
i suggest the same with siri - it's going to take some time - months, for the benefits of what happened the 17th, to have a true effect on raising the market cap of the company - in the meantime, siri-xm avoided annihilation, and now the company can really, really concentrate it's full energies into putting out even better products along with more and improved advertising to the general public (source of future investors); also more stock funds will buy into the stock as well
patience
Down she goes.... I'm hoping for .09 so I can buy in again. With no BK I'm much less fearful. I'm not sure what to make of the talk of MM manipulation, is wall street really that corrupt for this many years to keep messing with this stock? Yahoo boards talked of proof of "painting the tape" but isn't that like saying X is rigging the vote as you watch the results come in? Seems kinda hard to prove 100%.
(Guess I'll always be an outsider).
It will close red but I just had it with it. I am selling all my freaking long positions and going to do what I do best...Short the hell out of this stock.Quote:
Originally Posted by Demian
That is it, next time it spikes, I will short the hell out of it as I used to do and stop reading what is written in this forum. I guess I became a softie when I joined it... (wait a minute I do have some short positions... oh hell, they are puts, the damn calls are worthless as well as the shares).
Thank you...for both compliments.Quote:
Originally Posted by LittleTrader
Ditto that ? Ditto that ? OMFG ! That is really an insight !Quote:
Originally Posted by weshightower
so thats what the big boys want you too do, they want you to get scared and sell. looks like you dont have the fortitude to face them down. On another note i just wrote the sec about it, tiredof this obvious manipulation thingsw need to be done.
Exactly right, Tripps, they don't want to lose their asses on overvalued stock. Well said. ;)Quote:
Originally Posted by trippingthespeculatingpos
I might punch a few thiings as well but as for s**ting myself, I think I'll try to avoid that one!:) We need some patience. Lets see what the quarterly report brings.
Quote:
Originally Posted by trippingthespeculatingpos
I agree. Let's hear the 4th quarter report first before we all hit the panic button again. If we can survive last week's events, this week should be a walk in the park.Quote:
Originally Posted by bananaz
Stock is at about .14 now. I'm sure that after its rise from 5.5 cents about a week ago there is a lot of profit taking. That's a nice percentage gain, wouldn't you say? So, the reduced price today is not unreasonable considering its percentage gain the last few days.
Yes, I know all about future prospects of this company (and I am holding my shares), but I'm sure there are a lot of people who just want to take profits.
So, let's all keep this in prospective and hope the general trend is upward.
I did it again, I bought 930,000 shares at .065 on 2/12/09 then sold out everything on 2/17/09 at .215 I love this SIRI stock I am not sure about long term as many of you are as I only start trading stocks at christmas when the company I worked for closed. I didn't want to go on unemployment so I started to trade stocks. I made more money on this last trade wth SIRI than I'd made in the last 3 years working my old job. I think this stock will drop again down to between .11 to .12 then jump back up when they do 4Q meeting. I want to buy back in as soon as my money clears back in my account from the sale on 17th. hopefully by Friday. What do you guys think? Will it jump back up again,
Quote:
Originally Posted by The Church lady
I gotta start going to Church