SIRI Intraday Updates for the Week of 1/26/09

http://messages.finance.yahoo.com/St...55&tof=1&frt=2

interesting thread over there

new treasury Tim Geintner to expose Goldman Sachs 50 minutes ago
Goldman Sachs will be exposed for their shananagans with the stock price of Sirius XM Radio inc.

GS will be exposed for their manipulation and false accusation, which they have an agenda to keep the stock price down until FEB

all this will be exposed when Sirius XM Radio inc reports positive cash flow for FY 2008 quarter 4 and then off to the races now that the megerhas finaly happened after the FCC try and FAILEd to bankrupt both companies and stop the merger

guess what folks.

the merger finally happen
Sirius is still standing and growing in subs and revenue

althought he's got the geithner's name wrong heh it be interesting if that happened.

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Originally Posted by Demian

When did he tell you this and under what circumstances?

How did you get to talk to him?

Was it over the phone or in person?

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About two weeks ago over the phone. I picked up the phone and dialed 212-584-5174 it rung approximately two times and man's voice answered by saying "Paul Blalock". Anything else you want to know?

maybe Mel got his hands on some of those billions of $$ given out that can't be accounted for..

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Originally Posted by SiriusXMInvestor

About two weeks ago over the phone. I picked up the phone and dialed 212-584-5174 it rung approximately two times and man's voice answered by saying "Paul Blalock". Anything else you want to know?

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A VP answering the phone uh ? I guess they fired all the executive assistants uh ? That is pathetic...

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Originally Posted by imromo24

Well so far I've waited for:

"after labor day"
October 6th
1st or 2nd week of November
"sooner than later"

now "March 1st"

:hammer:

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Buy a cane or a wheelchair...

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Originally Posted by SteveSirius

This horse is dead. Let's stop beating it.

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Hey may be it will resusitate after March 1st ??? Keep beating it.

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Originally Posted by Demian

Not true......he never said anything of the sort.

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Demian

You are wrong on this one because he also said it at the stockholders meeting. "before March 1 to get all debt done"

J56D: Were you at the stockholder's meeting?

If not, then the only thing that we know about it was what was given to us in the slideshow presentation, and I have already posted that in this thread TWICE. The slide said nothing about having all debt done by March 1st. He said that they were looking to comlete the discussions and improvements by March 1st. Unless he said something drastically different in person, which would have warented an SEC filing because that would be a material statement regarding refinancing.

2008 Annual Meeting of Stockholders Slideshow

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Originally Posted by Newman

J56D: Were you at the stockholder's meeting?

If not, then the only thing that we know about it was what was given to us in the slideshow presentation, and I have already posted that in this thread TWICE. The slide said nothing about having all debt done by March 1st. He said that they were looking to comlete the discussions and improvements by March 1st. Unless he said something drastically different in person, which would have warented an SEC filing because that would be a material statement regarding refinancing.

2008 Annual Meeting of Stockholders Slideshow

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Newman

I was at the stockholders meeting and took some notes. There was more to the the meeting than the slide show which was pretty lame IMHO.

again, if he differed matterially from what the slideshow said, it would have had to be released in an SEC filing..

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Originally Posted by Newman

again, if he differed matterially from what the slideshow said, it would have had to be released in an SEC filing..

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Newman

Again, I was at the stockholder meeting and I quoted what he said. You can believe it or not.

Again, there was more to the the meeting than the slide show.

i find this guy and what he has to say really interesting...........

http://messages.finance.yahoo.com/St...47&tof=2&frt=2


Duke: SIRI And The Feb. Game Plan 25-Jan-09 08:53 am
If you have been following The Duke then you know that I have been telling you that we needed to fill in the gap between 8 cents and 11.5 cents. That assertion brought out the usual suspects and is still a matter of debate on the board. This week we filled in the top half of the gap with REAL trades between 10.01 and 11.5. Here is a question for you--if the MM gave me a two month notice about the bottom of a stock what would I do? Let me know when you figure it out.

Today I thought that we should discuss a strategy for three weeks from now. Feb 15 is decision day since I do not think SIRI will invoke the 30 day extension clause in the Feb converts. If they go BK then there is nothing to do but if the converts are paid off, you need a strategy.

Let's look at a couple of facts before I opine on the future. SIRI has had an an almost uninterrupted slide from 80 cents to 10 cents. Most of the old shareholders above $1.00 are long gone replaced by a new class of millionaire wannabees. The Feb converts problem is not the end of SIRI's debt problems--May 15 is around the corner with 350M due. The financial press hates SIRI. Finally, the overhead resistance points are at 30 cents and 42 cents.

Okay so what have we learned in the past 60 days about companies that do a partial refi or get the bank terms modified to avert BK. The stock shoots up but ALWAYS has a 50% retracement from its TOP as the realization sets in that the crisis is not over.

On Nov 23, give or take a day, I referred to Sunrise Assited Living SRZ being in the same shape as SIRI with the stock sitting at 32 cents--SIRI was 27. The next week SRZ completed a partial refi and on Dec 9 hit a high of $2.64, bet you wished you had bought that one. Since then it has corrected down to a low of $1.04 and is currently selling in the $1.20's.

Here is another one. Allied Capital ALD. The stock hit a low of 1.55 on Dec 19. Then the company and its lender Bank of Disaster reached a loan modification agreement that allowed the company to avert a BK filing. By Jan 7 the stock had soared to 5.33 but closed Friday at $3.47.

The pattern is clear. SIRI will avoid BK in Feb by a stock for debt swap and the stock is likely to rally to either 30 or 42 cents. You need to use this rally to sell because three weeks later the stock will have fallen back by 50%. Even if you are a long time SIRI holder you should use this rally as a way to reduce your cost basis. How? Sell part of your holdings into the rally and then replace the sold shares in a couple of weeks with lower cost shares.
Do not fall into the trap of believing SIRI is going to the moon. It ain't happening.

Why? Those facts I pointed out. The financial press still hates SIRI and three days later will be saying SIRI is not out of the woods. Also Mel will not have announcement on March 1 because no bank will commit to a package that does not go into effect until May 15. Forget the 4th quarter results--they have never moved the stock before and they will not this time.

If you were fortunate enough to buy below 30 cents use this as an exit strategy. You can always buy back later.

Remember The Duke's first rule of investing--no one ever went backrupt taking a profit.

Interesting I was wondering about that. If it went up would it shoot back down drastically when everyone wakes up and remember that its two more hurdles. Not sure if I will go with this or not but very interesting concept though.

i think if u have a high avg it would be a good chance to sell and get back in with a lower avg assuming it drops :O after thinking about it i might sell it if it drops back down to the .20 cent range, but i wanna make sure i dont get rid of it just to get a higher avg than i already have, i like my .16

please tell me i'm not the only one who purchased this stock when it was $ 2.20 or more.

I originally purchased it at 3.02 "Big Jackass ahahaha" I have now avg down to .25...

Feb 15th can't wait!!! Good or bad I just want to know!!! :confused:

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Originally Posted by trippingthespeculatingpos

i think if u have a high avg it would be a good chance to sell and get back in with a lower avg assuming it drops :O after thinking about it i might sell it if it drops back down to the .20 cent range, but i wanna make sure i dont get rid of it just to get a higher avg than i already have, i like my .16

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tripp...some good reading right....I had to read them all..... I hope he's right!

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Originally Posted by Siriusowner

A VP answering the phone uh ? I guess they fired all the executive assistants uh ? That is pathetic...

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Blalock is not a VP... He's the head of investor relations and it's not hard to talk to him personally. I have twice. Call and leave him a cordial message and he will return your call. It's his job. That said, he won't provide ANY information that is not readily available in SEC filings.

He is a VP... Senior VP of Investor Relations