I don't think we're going to see this BK article from Brandon. It appears the hysteria from last night has subsided.
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I don't think we're going to see this BK article from Brandon. It appears the hysteria from last night has subsided.
guys (and ladies)...
The SIRI Clipper has no room on it for BK cargo. We've got plenty of room for more subs, COH (stowed down below with all the rum LOL), Malone and his boys, believers, things like that. All BK rumors walk the plank or get keelhauled...
Personally, since Im at only a 2/3 full position right now, I dont care if it drops again to .01 cent. Great. But for all the people who would sell out and not get back in, those are the people I am concerned about. I would hope that enough damage has been done to peoples stcok accounts by rumors about Sirius, and we dont need responsible people who should know better adding to it.
Reading the blog last night confused me more than scared me, I am glad to see other believers on board! If it drops I am buying more for I think the reward is near. No fear!!
Well, my board of 20 stocks that I watch was 100% red today. Not one green and that's rare. Today was just plain UGLY. I wish I had the resources to get shorty right now. Decided I'm going to wait it out another month. So... this well-known permabear on Kudlow a few nights ago predicted htis market would make it's yearly bottom by this week's end. That was before yesterdays pop. So I was thinking yeah right. But I had a feeling he was predicting something (or trying to tell all the poor longs something). after today I think he's an insider who knoes the program of the big fish. I mean it makes sense. They've been QUIETLY dismantling this market since we hit 9K on Jan 5. I have to hand it to them. Nice freaking strategy and VERY WELL EXECUTED. So today we hit the 65's. I say they go down another 150 tomorrow to 6450. Then rip it down on the jobs report Friday to like 6050, then plan on a real rally to clear all these postions taken since Jan 5. I would love to see like 5990/ 625 S&P then a sharp pop on that and sustainable up to 8K. Now, Art Cashin keeps talking about a significant rally going into St. Pattys. He's said it more than one morning This was a devised strategy among shorts for this takedown since Jan. I think it's leaking out that this wil be the first major cover point. As I've said. Shorts have to be careful here. This market is literally like taking candy from a crying baby. We could be at Dow 5000 right now. Easy. We're not because it would cause a complete and utter panic and too many of us would just walk away and it would just kill our economy. They need us, so they also have to keep us interested. This is such a freaking game.
relmor, sl62, booie,
Are you guys familiar at tall with this:
AMRC Holdings”) was then the direct owner of AMRC. 4 At the time AMRC’s license was granted,
AMRC’s ownership structure was described as follows: AMRC was one hundred percent owned by
AMRC Holdings. 5 AMRC Holdings’ principal stockholders were American Mobile Satellite Corporation
(“ AMSC”), a publicly- traded corporation, and WorldSpace, Inc. (“ WorldSpace”). AMSC, the majority
shareholder with eighty percent equity in AMRC Holdings, was affiliated with Hughes
Telecommunications and Space Company and Delco Electronics Corporation. On March 14, 1997,
AMRC established a strategic alliance with WorldSpace giving WorldSpace twenty percent of AMRC
Holdings’ equity. 6 On October 15, 1997, the Bureau authorized AMRC to launch and operate an SDARS
system and denied Primosphere’s Petition to Deny AMRC’s application. 7 Primosphere filed an Application
for Review of the license grant. 8
3. After license grant, on October 30, 1998, AMSC and WorldSpace applied to the Commission
for consent to transfer control of AMRC Holdings from AMSC to WorldSpace. On June 8, 1999, AMSC
announced that it would reacquire WorldSpace’s interest in AMRC Holdings and on July 7, 1999, AMRC’s transfer of control application was withdrawn. As a result of the reacquisition, WorldSpace did
not retain any interest in the licensee.
Anyone know anything more about this situation. Do you know Worldspace has a website and is on the pinks......any info on who the actual owners are?
gina, I was laughing at that. I never said it was ok to buy more. This market sucks period. As a matter of fact I keep telling myself no dont do it or thats it I am not buying more of SIRIXM. I dont listen to myself, that is my problem. I dont however, want it to be someone elses.