i hear mel is going on cramer tnight. dont know how valid the claim is.
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i hear mel is going on cramer tnight. dont know how valid the claim is.
The DJIA is just an index and SIRI is not even part of that index. Follow the NASDAQ 100. SIRI is part of the NASDAQ 100.Quote:
Originally Posted by sxminvestor
Still, do not assume that because the NASDAQ 100 is red or green, SIRI will have to follow suit.
You are right, buy @ .20 or below .20 and let it trade for a while. Do not commit all your cash @ .20. Always leave cash in your account.
agreed, but, while a kid (siri) is still in their teens, you want to invest in their development, get them into the best college, etc; once into their 20s, it's a bit tougher, and a kid is in their teens only for a short time (not much longer, hopefully)Quote:
i just want to be out of the teens already, no reason to be there, siri is not a teenager anymore it needs to grow up, i know your 20's can be difficult but you gotta do it.
I sold some shares this morning, pre-mkt at .23.
I placed an order to buy them back at just over .12, in case SIRI decides to fill the gap created this morning.
What do you technical traders think is the possibility of this happening?
Thanks in advance for your replies to my question.
Keysmark
First off... I hear a lot of excitment that the 2009 debt is taken care of.. and I also saw that this was a very shareholder friendly deal. The only way it was shareholder friendly is the fact that SIRI didn't file for chapter 11. 40% dilution is NOT shareholder friendly.. but whatever. It's better than the alternative.. .or is it? I want to know what Ergen's offer was. Now to the debt. They did take out the Feb. debt. That is good... with about 180 mill left over to use for "working capital" and other expenses. Sounds like maybe they are short on cash? May debt is to the tune of $350 mill. Liberty says it will purchase $100 mill and offer another $150 mill loan to Sirius. That leaves $100 mill to be addressed. Now to December, only part of December was refinanced last week, leaving $260 mill to be addressed this year. So there is still around $360 mill of debt that needs to be taken care of... along with substantial payments to the NFL and MLB. And for the cash flow predictions... Sirius is not predicting free cash flow positive until 2010, $400 million. Check out the 8-K filed December 18, 2008. Pages 26 and 27 address the debt and page 38 will give you earnings and cash flow predictions. Here is the link:
http://investor.sirius.com/sec.cfm?D...panyCIK=908937
dont forget malone is going to sit on the board, he's not going to just watch them default on any loan's, there is going to be a wave of good sirius news coming up, hopefully it all happens this week, if not then for sure by next week.
Any guesses as to today's closing price?
I thought we'd be well in the .20's today. I am starting to wonder if this stock can reach a dollar by the deadline without a reverse split.....
Still glad no BK though.
Siri dissapoints once again, I had to fight to resist buying at open, I'm avg at .60, glad I did. I'm starting to think it's going to be a Looooooooooooong hold vs. just a Looooong hold. Sigh.
http://techfragments.com/news/457/Te...ankruptcy.html
"We are excited to be investing in SIRIUS XM. We have been impressed with the company, its operations and management team," said Greg Maffei, president and CEO of Liberty. "SIRIUS XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a "must have" service."
give it time it will keep going up im sure, plus the markets are bloody as hell im sure thats holding it down some. Sirius likes to make big moves up pre market and afer houras then sell off during the day, i bet we see hod AH