not allowed to atm
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not allowed to atm
I will set a limit order to buy 20,000 shares. I will then open a limit order to sell 20 contracts of the $2.50 Jan 2010 calls @ $0.50. Then I will do the same for every 5 cents the stock increases in price (with limit orders) for a total of 160 K shares thru the year and always paying attention to technical and fundamental factors.Quote:
Originally Posted by Phil
I will sell 20+20+20+20+20 $2.50 Jan 2010 put contracts if they trade 5% below $2.50. Then I will do the same until the end of the week for a total of 400 contracts (40,000 shares). I will then continue trading options in the same fashion thru the year.
Always trading in lots of 20,000 shares and 20 contracts to avoid market disruption. If something changes then I will hedge, buy puts and short the stock.
The reason insiders are not buying is probably because they have "inside" information and, therefore, are prohibited from using it to their benefit because it is not "public". When such information becomes public, they should be allowed to trade on that information.
http://www.dealerscope.com/article/s...-403210_1.html
dos this link work for any1? if so can u copy and paste for me cause i cant get it to work :(
n/m same crap as usual.
no man, but I caught a glimpse of the headline and almost had a heart attack ahahaha then read the rest it sounds like someone just re wrote everything that has been said.
Quote:
Originally Posted by trippingthespeculatingpos
I couldn't get the whole link to work but this is what the lead page showed.
Looks to me like a rehash of old news.
Sirius Resolution Likely This Week
Some resolution is likely to come this week is regards to Sirius XM Radio's fate. It may declare bankruptcy, or reach an agreement to be acquired either partially or completely....
yeah i saw it, its a rehash piece
Liberty Media decision not until "late Monday or Tuesday"
By Ryan Saghir on February 15, 2009 8:40 PM | No Comments
Sirius XM Radio Inc. might not make a final decision on the financing offer from Liberty Media until late Monday or Tuesday, reports the Financial Times.
The offer by John C. Malone (pictured, inset) would repay $175m in bonds and stave off the threat of a takeover by EchoStar and is said to be a more favorable deal than that by Charlie Ergen.
According to a person familiar with the discussions, Malone sees the proposed deal as a "good financial investment."
Malone's Liberty Media reportedly met with the Sirius XM Board of Directors on Friday to present its offer.
The senior secured loan is expected to provide for additional capital to help buy more time to restructure other maturities due this year, the Financial Times reports.
Additionally, the offer from Malone could later involve strategic partnerships between Sirius XM and DirecTV, the leading Satellite TV operator controlled by Liberty Media. While, the terms or the size of Liberty's offer is not yet determined, it is said to be in the hundreds of millions of dollars.
If true, this should all be over with in the next 24 - 48 hours.
Liberty Media decision not until "late Monday or Tuesday"
By Ryan Saghir on February 15, 2009 8:40 PM | No Comments
Sirius XM and Liberty MediaSirius XM Radio Inc. might not make a final decision on the financing offer from Liberty Media until late Monday or Tuesday, reports the Financial Times.
The offer by John C. Malone (pictured, inset) would repay $175m in bonds and stave off the threat of a takeover by EchoStar and is said to be a more favorable deal than that by Charlie Ergen.
According to a person familiar with the discussions, Malone sees the proposed deal as a "good financial investment."
Malone's Liberty Media reportedly met with the Sirius XM Board of Directors on Friday to present its offer.
The senior secured loan is expected to provide for additional capital to help buy more time to restructure other maturities due this year, the Financial Times reports.
Additionally, the offer from Malone could later involve strategic partnerships between Sirius XM and DirecTV, the leading Satellite TV operator controlled by Liberty Media. While, the terms or the size of Liberty's offer is not yet determined, it is said to be in the hundreds of millions of dollars.
If true, this should all be over with in the next 24 - 48 hours.
[Financial Times]
Thanks MUSCLE!
haha i wonder who is who on yahoo
http://online.wsj.com/article/SB123475793626491661.html
new news, actually new, but need a subscription
A group of Sirius XM Radio Inc. creditors says it is prepared to seek the ouster of Chief Executive Mel Karmazin and other senior executives if the company files for bankruptcy instead of cutting a deal with an investor that would allow it to remain solvent.
"Creditors will act quickly and definitively if they perceive that management is acting in their own interest and not in the best interest of the estate," said Edward Weisfelner, a partner with Brown Rudnick LLP, the law firm representing the creditor group. "The board of directors should carefully consider the ramifications."
A group of Sirius XM Radio Inc. creditors says it is prepared to seek the ouster of Chief Executive Mel Karmazin and other senior executives if the company files for bankruptcy instead of cutting a deal with an investor that would allow it to remain solvent.
"Creditors will act quickly and definitively if they perceive that management is acting in their own interest and not in the best interest of the estate," said Edward Weisfelner, a partner with Brown Rudnick LLP, the law firm representing the creditor group. "The board of directors should carefully consider the ramifications."
In response to the creditor threat, Sirius said in written statement: "The management of Sirius XM is continually working to ensure the best possible outcome for the enterprise." Sirius's board, which includes Mr. Karmazin, is meeting this weekend to determine the company's course. A final decision is expected on Monday. If Sirius does file, creditors could ask the bankruptcy judge to remove management and put the company under the stewardship of an independent trustee.
Winning such a motion would likely be difficult, say bankruptcy experts. Judges are usually deferential to management, barring gross mismanagement or evidence of fraud. Just showing management made mistakes or could have acted differently is not usually enough to prevail. Trustee motions are sometimes granted if supported by a majority of creditors but it is unclear how many of Sirius's debt holders would do so
Part 2
Nevertheless, that some Sirius creditors are already contemplating such a move underscores both Mr. Karmazin's dwindling support and the difficult choices the radio operator's directors face in the next 24 hours as they decide the company's fate.
Some of the bondholders in the creditor group believe that Mr. Karmazin and his team jeopardized the company's liquidity by not immediately refinancing its debt in July after Sirus's merger with XM closed. At the time, at least two banks were prepared to refinance the company's debt but management decided to hold off in the hope that the market environment would improve, according to people familiar with the matter.
Instead, conditions worsened. Just weeks later, the financial crisis hit, making it all but impossible for companies to refinance debt.
Sirius warned on Friday that it may have to file for bankruptcy as early as Tuesday. About $175 million in Sirius debt comes due on that day. The company has been in talks with both Charles Ergen, the satellite billionaire, and John Malone, the cable television pioneer who controls DirectTV Group Inc., about a deal to resolve its crisis.
Both parties have made offers that would allow Sirius to meet its immediate credit obligations in return for a significant stake or control. Mr. Ergen, who controls satellite TV provider Dish Network Corp. and technology company EchoStar Corp., has offered to put about $500 million into the company. He would also restructure the roughly $400 million in Sirius debt he holds. Those holdings include the $175 million in notes that expire on Tuesday, giving Mr. Ergen considerable leverage in the talks.
Mr. Ergen has told Mr. Karmazin that he can keep his job if Sirius accepts the proposal, but the two men are longtime adversaries and it's unclear whether the Sirius chief executive would be willing to work for Mr. Ergen. Sirius's management has told investors in recent days that bankruptcy, which would enable the company to restructure under current management, may be its preferred course. It has yet to explain why filing for bankruptcy may be the more attractive option. Sirius is carrying a total debt load of about $3.25 billion.
Bankruptcy experts say the company may argue that the offers on the table would only present a partial remedy to its troubles and that Sirius would be better protected in the long-term by restructuring under bankruptcy protection. Once in bankruptcy, Sirius could cancel costly contracts and would also be protected from its creditors.
Some of the company's creditors don't accept the argument that bankruptcy may be preferable to solvency, however.
"You have to be a little skeptical when you hear that from the same people who drove the bus into the wall," Mr. Weisfelner said, referring to Sirius management. "They can't use bankruptcy at creditors's risk as a 'Hail Mary' pass to keep themselves in power." The creditor group Mr. Weisfelner represents holds about $173 million in Sirius debt. The same group agreed on Friday to extend the maturity of the bonds, which originally were set to expire in December, until 2011. In return, Sirius agreed to secure the debt and make additional payments in both cash and stock. The two sides had been negotiating the changes for months. Extending the terms of that debt is a condition of Mr. Ergen's proposal, but it isn't clear if Sirius's management agreed to the change in anticipation of a deal.
This is also helpful to us shareholders (if we need the help)!
just shows they cant just take the easy way out, damn i wish i could frakkin timewarp tue tuesday night.
The drama continues!!!!!!!!!!!!!!!!
Thanks for the post Trip
Nobody with any sanity....haha ;)Quote:
Originally Posted by trippingthespeculatingpos
I had to look! Thats a real zoo! Crazy right!Quote:
Originally Posted by trippingthespeculatingpos
Talk at ya Later!:cool:
Where the hell you off to? I'll catch you in the other thread...Quote:
Originally Posted by Sworntwofun