16:37 $ .25 2,049,617
Printable View
16:37 $ .25 2,049,617
16:05 $ .25 1,084,017
I think this stock will do exactly what Mel wants it to do. Private, BK, takeover or long term rebound. Only he knows and he ain't saying. Right now this is a crapshoot. So everyone just hold on. To sell now would defeat us all.
Its a uneasy thing to every night check my stock and see another -12% down... But untill we see hard facts that debt can be payed and we have a proffit the pressure builds and we go down...
I so want to but more at .25$ but i think what the plan is to dilute shares and pay off debt then do a reverse split at 1-50 .. Untill then i need a beer and some tylenol..peace:(
We are looking for a positive press release & this is what they come up with:
Press Release Source: SIRIUS XM Radio
SIRIUS XM Radio to Broadcast Frightfully Festive Halloween Programming
Thursday October 23, 4:18 pm ET
"Alfred Hitchcock Radio" to broadcast selection of suspenseful radio dramas
"SIRIUS Scream 113" and "XM Gore 134" are entire channels dedicated to the spooky sounds of Halloween
ADVERTISEMENT
NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) today announced that it will air extensive spooky, creative and classic Halloween programming. Two entire channels, SIRIUS Scream 113 and XM Gore 134, will be devoted to broadcasting spooky Halloween sound effects, as well as the Alfred Hitchcock Radio channel devoted to suspenseful radio dramas, including three directed by the Hollywood master himself......
I was looking thru my brokerage account records last night just and saw a couple of trades that help give a bit of context to this absolute hurricane of fear that is out there in the markets right now... I purchased Valero in early 2006, and sold it early last fall for about $72 per share... look at it now, last time i checked it was about $18 per share. Nothing about the company is shakey or all that speculative, but it is off by 75%.... SiriusXM has issued nothing in terms of quidance that deserves this type of beating... it is all in what you the shareholders think and act on. You can count on this becoming an opportunity for somebody at these levels, most of the investors that hang tough or average in at these levels will end up compensated to some extent, hopefully a large extent. The sad truth to wanting a big return is that markets like this happen and it is hard, hard, hard to wait for real information to make judjements with while the blood runs in the streets.
Google Finance page shows SIRI with 15 percent institutional ownership. There was someone here saying that inst. ownership was 45 percent or so. Big discrepancy. Do any principals here know the scoop?
Only a guess, because we have not seen the combined institutional ownership #'s, but XM was majority held by institutions at one time, so combined they likely would have been much higher than 15%, but who knows now with all this selling.
Krypto1 - Your comments in regards to "quick bit of context" is appreciated and definitely makes some people stop and think about it.
I on the other hand have invested in similar times, specifically '87 and 2000-2002 and I will tell you that if you try and catch a bottom on these things when they are dumping like this is financial suicide.
It's funny how quickly people forget.
I love how brokers and those on CNBC and other financial outlets like to tell people that they should be buying and that there are steals at these prices. They will probably be right in the super long term. The problem is that in the meantime people are getting wiped out. I can't tell you how many people were saying to buy, buy, buy when the DJIA was at 11,100 approx. They said, "wow, we are 20% down from the highs and that typically marks the bottom of a bear market."
Well look at us now. Down another 3,000 points. Do we buy now? Maybe. But for anyone to tell you that things will be fine doesn't know.
For you to say that you traded a stock at $72 and now it's $18 and the "Nothing about the company is shakey or all that speculative, but it is off by 75%", maybe that stock like all stocks was way overpriced and overvalued. Keep in mind that we have been running a deficit for the last 8 years and have functioned primarily off of credit.
Anyways, if anyone wants to know what there stock is really worth, run the numbers. Lots of revenue but lots more of expenses. This leaves zero earnings per share. So what are we really paying for? We're paying for the hopes that this great technology will take off and we will have earnings driving the share price higher. Until then we're only investing in potential. Potential is very different than earnings. Highly speculative. And when you speculate you have to be prepared to get burned.
BTW - Long Sirius at much higher prices.
deewcom, I mentioned that Investor Relations told me a couple days ago that it was 54 percent for the combined companies, so I guess XM brought in a lot of institutional ownership. I don't know how current/accurate that figure is right now. Just going by what IR told me.
Tyler also used that figure (54%) on the radio show today, so maybe he knows where to find the numbers.
Yes no Igor this year and there wasn't any IT either. Instead of the excellent Igor we get sound effects.Quote:
Originally Posted by sxminvestor
No one is that bad at programming. They must be deliberately trying to destroy the company.
OTONE >>>This is for your info...
INSTITUTIONAL
Total Number of Holders 428
% of Shares Outstanding 53.53%
Total Shares Held 1,700,562,309
Total Value of Holdings $535,677,127
Net Activity 98,100,132
Top 5 Holders Shares Held
JENNISON ASSOCI… 139,662,905
OPPENHEIMER FUN… 112,787,602
AMERIPRISE FINA… 108,598,822
APOLLO MANAGEME… 91,857,857
BARCLAYS GLOBAL… 81,549,532
INSIDER TRADES
Last 3 Mo. Last 12 Mo.
Number of Insider Trades 0 0
SiriusHope,
Where did you get that info?
Yahoo says that there is only 12.6% institutional interest...
Why the big descrepency? What's the truth?
Yahoo also says that there is only 6.4% short interest too?
What is going on?
Someone is really wrong here...
Something is messed up...
Google says 15 percent institutional ownership.
Who is right? One of those #'s is really wrong...
Total Shares Held 1,700,562,309
Total Value of Holdings $535,677,127
This indicates a share price of 31 cents. This seems to be a recent report.
INSTITUTIONAL
Total Number of Holders 428
% of Shares Outstanding 53.53%
Google says 15 percent and Yahoo says 12. I don't know where SiriusHope's report came from. It says 53.53 percent and it reflects a recent SP. Things are effed up.
Just more crazy messed up stuff to add to the Twilight Zone that SIRI has become...
I am still amazed that the stock closed at .25 today. The merger was supposed to be great and save all this money with synergies. They have no competition in the sat rad space now, right? They are better positioned and have more subs than ever now, right? They are closer to being profitable now than the combined companies have ever been, right? They released new radios and programing packages that will be huge for revenue, right?
I'm just still in shock...
SiriusHope, thanks! Like I posted here, this is the number I got directly from Investor Relations. Tyler also used that number yesterday on his radio show. I've brought it up elsewhere as well and nobody has responded with actual numbers and names. Where did you get that information? I'm going to assume it is correct and that is just another bit of disinformation we can cross off the list.
Demian, you are right, and I've said it as well.. this is definitely the twilight zone.
I love sirius the product but not sirius the company. Management's story has changed too many times. I personally believe we have been manipulated. I have been a long time believer and am shocked where we are today. Most people say lets see where we are with 3Q numbers. I am to the point regardless of what they are, does it matter. Every time management speaks we hear something different. No reverse split then we must prepare for one. Financing will be fine now we are not sure. Who are we to believe? Have we been deliberately lied too? Has this been calculated or is it just bad timing? Either way we will never know the truth. Like others, I feel alot of pain but I refuse to sell my shares. The company has an obligation to the shareholders but I believe they feel they only have to answer to themselves.
What is next?
Mel did say that he didn't see how a reverse split would add any value to the shareholder in the Q2 CC, but they have to have a plan in place to bring to the NASDAQ to appeal any potential delisting notice. You also must keep in mind that this was announced the day before the NASDAQ suspended any delisting processes until January '09. It could be argued that things might have been different if Sirius had known about the Nasdaq rule change - they might have not included it in the proxy. Who knows for sure? Not me...Quote:
Originally Posted by Cliff
When did Sirius ever say. "Now we are not sure" about the financing? All I have heard from SIRI was that the felt "confident" that they would secure the financing and get it done...