SIRI Intraday Updates for the Week of 3/16/09

Printable View

Show 20 post(s) from this thread on one page

03-17-2009, 07:36 PM
relmor2003

Quote:

Originally Posted by rgentry

Question for Relmor. I sold half of my shares today @ .32. Now feeling like I made a mistake. Do you think I would be better off waiting for a pullback to buy or buy back now? I realize this is all speculation but you and others here have a better handle on whats happening than I do. Your opinion would be much appreciated.

:cheers: R Gentry

I would start buying back immediately. 1/4 position now, and more if it hits .30 and more if it hits .26. If it goes to .36 again, see if it bounces back, buy at .34, .32 range. If it busts through straight up, thats your call. You want to be like John, selling on the way up, not buying. I buy on dips, and only sell on huge pops, but rebuy on the retrace. I missed by retrace buy today, and am scared. You should be scared right now, shaking in your boots for selling half at .32. BUT DONT SECOND GUESS yourself, this babys going up for now. Id buy in the morning for sure, at least something back. If you can daytrade, set a stop at .3160.
03-17-2009, 07:39 PM
cos1000

Quote:

Originally Posted by killerkaul

Cos..................... you couldn't have gotten in for a better price, and a 100% full position as well. Couldn't happen to a more deserving battle weary soldier of the Dog. The Big Blue Dog is smilin on you today after his run and t-bone. Well Done.................................. Well Done.............. .. killer................keeper of the Blue Dog.

Killer... when I adjusted late day yesterday after all the talk and resistance at .25, I figured I wanted to get just in front of retail bid as .23 with a .2303 bid, adjusted up from .2215... when I saw the buy go through and having been away all day today I figured I'd come home and see us in the low .20's, instead I find this much needed run and the god's shining ....... I've got to say that right now its time to let the dog run and not play any games because missing out on a jump for me was a close call..... I'm in until there is a new channel formed... There was good volume today... I'm showing 176M shares which means a lot of shorts got out and went long..... to hedge this pop.... I'm still trying to see where the next pull back will be, but feel getting by .39-.41 is going to be a bitch....
03-17-2009, 07:42 PM
cos1000

Quote:

Originally Posted by sl62

cos1000...

This is the correction we talked about since November. New waterline will be set once it's over. In the meantime, I say you have to throw out all the charts cause nothing's really going to make any sense while we are in play...shorts are bidding us farewell (for now)...I kicked a few in the arse on their way out today :hammer:

It's long over do and congratulations to everyone who hung in and put their money where there proverbial mouth is..... good call and good tidings to everyone in the Green here on St. Patty's day...... :cheers: :cheers:
03-17-2009, 07:47 PM
kingadrock666

i know you guys aren't too keen on the crazy bastards over at the yahoo board, but this is a great thread with some great info.

http://messages.finance.yahoo.com/St...&frt=2#4139486
03-17-2009, 07:50 PM
cos1000

Quote:

Originally Posted by Brandon Matthews

The only thing I can find is that this was a total market move.

nyse...up volume 72%
amex...up volume = 96%
nasdaq...up volume = 92%

It seems to coincide with the uptick rule reinstatement and comments made yesterday by certain politicians relating to abusive and illegal naked short selling.

Brandon, thanks and I think its great to see this stock move WITH the market for a change.... also I think the uptick rule is a good start, but as you know, if its only pegged to any "uptick" and not a quantified value such as, 1/16 or 1/8, as when it had impact, then it will only be a window dressing reinstatement, and not help much.... especially penny stocks..
03-17-2009, 08:04 PM
Sworntwofun

Quote:

Originally Posted by kingadrock666

i know you guys aren't too keen on the crazy bastards over at the yahoo board, but this is a great thread with some great info.

http://messages.finance.yahoo.com/St...&frt=2#4139486

This guy is good....and I believe he is right on the money....if you get a chance this is a must read...make sure you get to his 2nd follow up explanation.... Good heads up!:cool:

Tripp.....make sure you read this one for sure!
03-17-2009, 08:11 PM
killerkaul

Cos.................... ya, I wish I hadn't sold that batch of 91,948 shares at .2998. It was ROTH money and can't be traded again till it settles out on the 20th. If the opportunity presents itself, I may trade it anyway, for one of three allowable possible infractions in a year. Oh well. I'm happy for your success. Like you, I will not be trading this nonexistant channel anymore untill manipulation again sets in and makes the trading a little more predictable. Still have 100,000 shares after that little ERROR. ... LOL .. killer.
03-17-2009, 08:12 PM
Hughes

I read through that and found it interesting. It does seem that he is right on the money, but I would like to hear some opinions about this theory from posters of this board also...
03-17-2009, 08:16 PM
Hughes

I don't think anyone posted this yet, but just came across it while searching through some yahoo posts:

http://www.themarketguardian.com/200...-of-sirius-xm/
03-17-2009, 08:18 PM
imromo24

Quote:

Originally Posted by LMaze

I believe that the market is starting to understand that this is a whole new company going foward from the day that Malone closed the deal with Mel. Nothing else matters and I don't think that Malone will convert anytime soon either. The stock price will continue to grow, my guess is that over the next year we will see $1.50 and we could be north of that..

Right on, agreed. This makes me do the proverbial LMAOWROTFL....Monopoly style. Lets see...what do all the Bash articles say...oh, the ipod is competition, iphone...internet....and what makes everyone think that the largest, newest nationwide content media company would somehow not benefit from these new delivery systems....wha wha what? We are so set up to be the king of all this new technology...woot!
03-17-2009, 08:18 PM
Brandon Matthews

Quote:

Originally Posted by cos1000

Brandon, thanks and I think its great to see this stock move WITH the market for a change.... also I think the uptick rule is a good start, but as you know, if its only pegged to any "uptick" and not a quantified value such as, 1/16 or 1/8, as when it had impact, then it will only be a window dressing reinstatement, and not help much.... especially penny stocks..

�This is bigger than just one rule, however influential that rule is,� Sen. Kaufman said. �Markets all over the world continue to tumble because average investors have lost confidence that the markets work for them. Piece by piece, we must restore that faith. One important step is instituting sensible regulations. In this case � enacting a proven, time-tested rule � it�s an easy call.�

Sen. Kaufman was joined by Sen. Johnny Isakson (R-GA) in introducing the legislation, which directs the SEC to write regulations within 60 days that accomplishes five things to end abusive short selling:

(1) reinstate the substance of the uptick rule that prohibited short sales that are not made on an increase in the price of the stock; this prevents short sellers from piling on a declining stock, driving prices down.

(2) require exchanges and other trading venues to execute the trades of long sellers ahead of short sellers, all other things being equal.

(3) with the concurrence of the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System, prohibit short sales of the securities of any financial institution unless that trade is affected at a price (in minimum lots specified by the Commission) at least 5� higher than the immediately preceding transaction in such securities. Our financial sector, and financial stocks, are in a fragile state � and our taxpayers now hold substantial shares of many institutions. If the Treasury and Fed believe they need additional protection in these times, this legislation permits it.

(4) prohibit any person from selling securities short unless that person has at the time of the short sale a demonstrable legally enforceable right to deliver the securities at the required delivery date. Under current law, many short sellers fail to deliver � we must tighten up the rules.

(5) require that all short sales settle on the same time frame employed for long sales of the same securities. There is no reason short sellers should have 13 days to deliver shares when long sellers have only three days.
03-17-2009, 08:21 PM
Brandon Matthews

15 March 2009

Dear Honorable Mary L. Schapiro:

First, congratulations on your new role. I wish you the best.

May I ask you to revisit the letter that Mr. F. William Capp, the President and CEO of Beacon Power Corporation wrote to you on January 13, 2009, and my letter of January 11, 2009 which is on SEC#8217s docket for #8220Disclosure of Short Sales and Short Positions by Institutional Investment Managers (Interim final temporary rule) Release No. 34-58785 File No. S7-31-08#8221.

The direct link to these articles are:
http://www.sec.gov/comments/s7-31-08/s73108-62.htm
and
http://www.sec.gov/comments/s7-31-08/s73108-61.htm

I heard your fine nomination hearing and was happy to hear that you want to protect investors. The SEC, before your time was more about protecting Wall Street. This is not merely rhetoric. I am happy you are looking to reinstate the uptick rule. Additionally, what is really hurting small companies is toxic financing where a financier shorts a stock heavily and provides financing that allows him to get low price shares and have his short position protected by warrants. These vultures are presently protected by the SEC that has decided not to release their names.

The SEC has decided not to disclose the identity of short sellers so a competitive situation among shorts is not created (this is an utterly lame argument). But it does disclose identity of large longs. This absolutely makes no sense and is an excuse the previous SEC used to protect these vultures. The letters above discuss this in further detail and the impact of this irresponsible SEC practice on small companies and investors. It is hurting investors and the small innovative companies we invest in. PLEASE TELL US WHO THE LARGE SHORT-SELLERS ARE. You have the data. Why hide it from public?

Please protect us Chairwoman Schapiro, we need your help. We need to know if the next guy who comes to us offering us money is one of the people who has short-sold almost 10 million shares of our stock or not. Help protect us against these vultures. If the SEC doesn#8217t do this job who should? You are suppose to be policing the crooked elements on Wall Street not helping them by keeping their identities confidential. There is absolutely no reason for it other than sympathy. Please stop SEC#8217s sympathy for short sellers and protection of toxic financiers.

Thank you and good luck in your new role.
Reza Ganjavi
03-17-2009, 08:33 PM
cos1000

Quote:

Originally Posted by Brandon Matthews

15 March 2009

Dear Honorable Mary L. Schapiro:

First, congratulations on your new role. I wish you the best.

May I ask you to revisit the letter that Mr. F. William Capp, the President and CEO of Beacon Power Corporation wrote to you on January 13, 2009, and my letter of January 11, 2009 which is on SEC#8217s docket for #8220Disclosure of Short Sales and Short Positions by Institutional Investment Managers (Interim final temporary rule) Release No. 34-58785 File No. S7-31-08#8221.

The direct link to these articles are:
http://www.sec.gov/comments/s7-31-08/s73108-62.htm
and
http://www.sec.gov/comments/s7-31-08/s73108-61.htm

You are suppose to be policing the crooked elements on Wall Street not helping them by keeping their identities confidential. There is absolutely no reason for it other than sympathy. Please stop SEC#8217s sympathy for short sellers and protection of toxic financiers.

Thank you and good luck in your new role.
Reza Ganjavi

Brandon, thanks for the links and obviously the new rules for setting a legitimate and qualified "uptick" are in others minds... nice article and am curious as to who Reza Ganjavi is.... am not familiar ....
03-17-2009, 08:35 PM
Paratrooper_Rick

Quote:

Originally Posted by sl62

para...

This SP WILL hit a buck again. Too much buzz on it. I'd start doing your cap twisting exercises...:p

not a day goes by I don't stare right at that bottle of scotch... people said I was crazy when I invested some play cash into SIRI..... better yet when I recommended others do the same - I've been trying to help educate some of my soldiers on investing.... and one in particular listened to me on SIRI....

He's partitioned his gameplan (doubled his initial investment - then sold half) and now has a few grand to take care of his wife/kid before this next deployment.... so regardless of what comes next... I'll be pretty damn content....

That bottle of scotch is taunting me..... I swear I hear it calling out "SIRI is climbing.... pop me early....."
03-17-2009, 08:36 PM
Paratrooper_Rick

Quote:

Originally Posted by sl62

cos1000...

This is the correction we talked about since November. New waterline will be set once it's over. In the meantime, I say you have to throw out all the charts cause nothing's really going to make any sense while we are in play...shorts are bidding us farewell (for now)...I kicked a few in the arse on their way out today :hammer:

Throwing out the charts is tough on me... I like to work from figures and trends.... this board is like a support group and keeps me going through the doubt periods...
03-17-2009, 08:37 PM
asm610

I bet some of the largest short sellers are tied in to GS!
03-17-2009, 08:39 PM
Paratrooper_Rick

Quote:

Originally Posted by fugo

although I am kicking myself I have to say that coming on to this forum and sharing this with you guys has been very therapeutic...
Cos/Relmor/SI, I will give yu guys my password and account number and you make the investments for me...hahaha...
What are your predicitions in this unpredictable stage? what are the possible upside and downside scenarios?

therapeutic - yes - we are like a support group.... siriholics anonymous......
03-17-2009, 08:40 PM
cos1000

Quote:

Originally Posted by killerkaul

Cos.................... ya, I wish I hadn't sold that batch of 91,948 shares at .2998. It was ROTH money and can't be traded again till it settles out on the 20th. If the opportunity presents itself, I may trade it anyway, for one of three allowable possible infractions in a year. Oh well. I'm happy for your success. Like you, I will not be trading this nonexistant channel anymore untill manipulation again sets in and makes the trading a little more predictable. Still have 100,000 shares after that little ERROR. ... LOL .. killer.

Killer.... you have twice the shares in as me....Nice F'kn Job my friend.... the channel has definitely seemed to disappear, but let the news of the iPhone sink in and the anticipation off an App and I think that is the motivator at this time for the PoP. Also there isn't any basis to establish value on this equity right now.... too many future unknowns with revenue upside surprises very possible in Q2, with Q1 being pretty much given a pass.... Everyone knows Liberty has already seen Q1 numbers through 3/15 and there isn't any concern with them or the auditors... so why not move the SP up...???
03-17-2009, 08:43 PM
asm610

Quote:

Originally Posted by Paratrooper_Rick

not a day goes by I don't stare right at that bottle of scotch... people said I was crazy when I invested some play cash into SIRI..... better yet when I recommended others do the same - I've been trying to help educate some of my soldiers on investing.... and one in particular listened to me on SIRI....

He's partitioned his gameplan (doubled his initial investment - then sold half) and now has a few grand to take care of his wife/kid before this next deployment.... so regardless of what comes next... I'll be pretty damn content....

That bottle of scotch is taunting me..... I swear I hear it calling out "SIRI is climbing.... pop me early....."

The more I read your posts the more I like you. The fact you take the time to educate your troops in regard to financial investments makes it clear to me you are one of the best and brightest in our military! I wish they taught investing basics and fundamentals in High School....
03-17-2009, 08:47 PM
cos1000

Quote:

Originally Posted by fugo

although I am kicking myself I have to say that coming on to this forum and sharing this with you guys has been very therapeutic...
Cos/Relmor/SI, I will give yu guys my password and account number and you make the investments for me...hahaha...
What are your predicitions in this unpredictable stage? what are the possible upside and downside scenarios?

fugo, I gave you my best advice yesterday when I told you to put your buy back orders in at .23, .24, & .25 to get back into this equity, given your 2 decimal place buying platform... this is not and advisory board for short term plays.... sorry :(

Show 20 post(s) from this thread on one page