SIRI Intraday Updates for the Week of 11/17/08

Article in today's Financial Times indicating that Chuck Grassley, a senior Republican senator, is seeking an investigation into potential conflicts of interest among former Goldman Sachs executives serving at the US Treasury.

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Originally Posted by SiriusHope

if it continues to lose .01 per day where will it be before the meeting? Unless they announce refinance veryyyyyyyyyy soon..we will be literally a penny stock value. Is this helping mel's plan to F#@% the shareholders real good...get the KY jelly ready.

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More than where will it be I will question if there will be any....

BREAKING NEWS SiriusHope: Sirius is a penny stock !!!
FYI the d... stock lost 3 pennies today and amazingly I lost 1/8 of my investment !!!.

MEL makes money the old fashioned way...the p#$% steals it.

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Originally Posted by Demian

When will the bleeding stop?

SIRI closed down .033 @ .23 on super low volume of about 31.1 shares traded.

There were two trades @ .23 that crossed right at the close (or after the close?).......

2,928,744 shares @ 16:00:05

56,133 shares @ 16:00:06

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The market can stay irrational much longer than what you can stay solvent...

Those were most likely market makers unloading unwanted shares (rebalancing their books) ...

If this stock can get back to $0.31 per share, im ******* out.............

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Originally Posted by Demian

The market was crashing into the close with the DOW ending up down 233.73, but SIRI ended up down 12.548%.........

Something is very fishy about those last two trades at .23 because the trades before and after were at .244 - so half of the days loss was due to those last two trades....

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Remember, low volume = big swings in the stock price.

Market makers have the edge. They can do things we can not do but they also carry much more risk.

The last 2 trades were made by market makers rebalancing their stock inventory.

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Originally Posted by Jworld

If this stock can get back to $0.31 per share, im ******* out.............

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What will you do if it continues going down and it never gets back to .31 per share ?

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Originally Posted by Siriusowner

Remember, low volume = big swings in the stock price.

Market makers have the edge. They can do things we can not do but they also carry much more risk.

The last 2 trades were made by market makers rebalancing their stock inventory.

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There is a buyer and a seller for every trade......

DEMIAN

is there a way to tell if the trades are buys or sells as they happen?

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Originally Posted by SiriusHope

DEMIAN

is there a way to tell if the trades are buys or sells as they happen?

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Both at the same time........every trade needs a buyer and a seller unless there is some type of collusion going on - which is supposed to be illegal.