Call me stupid but i don't understand this.Quote:
Originally Posted by trippingthespeculatingpos
What triggers this stock to go up or down?On a perfect day, what would have to happen to make SIRI pop??????
Printable View
Call me stupid but i don't understand this.Quote:
Originally Posted by trippingthespeculatingpos
What triggers this stock to go up or down?On a perfect day, what would have to happen to make SIRI pop??????
SIRI closed up at the high of the day @ .15 on a move in the final moments of trading. SIRI closed up 6.232%....
Someone wanted SIRI to close up today......
The stock is heavily manipulated and gamed. It trades in a world of it's own, unrelated to the market it seems.....Quote:
Originally Posted by Jworld
when the sellers do not raise there ask price above last sale that keeps price from going up, when sellers simply give in to the bidders by meeting there bid price or lowering there ask price this lowers the pps. any1 know if siri is traded by hedge funds? i heard there are some services that tell you which stocks are traded by hedge funds. it seems to me the sellers dont care about getting the best pps they can from there sell which points to hedge funds or tons of shorts.Quote:
Originally Posted by Jworld
Another hit piece from The Motley Fool with my comment below. I was the first to comment on this worthless article...
http://www.fool.com/investing/genera...litsville.aspx
Is Sirius XM Headed for Reverse Splitsville?
By Rick Aristotle Munarriz
December 16, 2008
It's the season of giving, but Sirius XM Radio (Nasdaq: SIRI) will have to decide how much is worth giving after so much has been taken away.
At a critical shareholder meeting in two days, investors will be asked to approve measures that include increasing the number of authorized shares (from 4.5 billion presently to a whopping 8 billion) and OK'ing an eventual reverse stock split.
Bumping up the authorized share count would give the company financing flexibility to repay roughly $1 billion in debt that is due next year. The reverse split approval would come into play if the stock is still trading below a buck in four months (and would be delisted without the reverse).
Neither measure is ideal, of course. Even if Sirius gets the green light for more shares, it remains to be seen who would buy them. Fearing dilution, the already pummeled stock may head even lower, unless the market has already baked that into today's pedestrian prices.
The best-case scenario would be if Sirius could place the freshly minted shares quickly with strategic partners. Unfortunately, automakers are panhandling themselves, and even some of satellite radio's well-heeled content partners, like the NFL, have been laying off employees. It may feel heretical, but the company's best shot at finding a big buyer willing to pour in hundreds of millions to see it through its hurdles may be terrestrial radio giants like CBS (NYSE: CBS) or privately held Clear Channel.
The reverse split is also a controversial move. It's a zero-sum game on paper. A 1-for-50 reverse split, for instance, at this morning's price of $0.14 a share would result in every 50 shares being replaced by a single share at $7.
It's typically a sign of desperation, even though some companies, like priceline.com (Nasdaq: PCLN), have emerged as success stories. In this sinking market, most investors are probably worried about recent reversers such as Sun Microsystems (Nasdaq: JAVA), JDS Uniphase (Nasdaq: JDSU), and Bluefly (Nasdaq: BFLY), which have given back most -- if not all -- of their post-reverse price gains.
It's too much, too soon for Sirius XM. Shareowners are stuck between a rock station and a hard place. The company is in an even tighter spot. If investors restrict the company's flexibility, its choices will be few as it tackles next year's debt monsters. Let's just hope that Thursday's shareholder meeting is not the company's last.
-----------------------------------------------------------------------------------
On December 16, 2008, at 4:28 PM, DemianBohemian wrote:
For crying out loud! Is The Motley Fool heading for Pump and Dumpsville or are you already there? You were recommending XM as a stand alone company to your paid subscribers at over $30 a share! You continue to bash the combined company down in the pennies on an almost daily basis. Your "article" is worthless and contains no new analysis of any kind. Your time frame for Nasdaq delisting isn't even accurate. Did you factor in the extensions and the fact that it is business days and not calendar days? The Nasdaq may extend it's delisting proceedings freeze also. The Motley Fool is a joke.....
Big trade in AH.....
Sirius XM Radio Inc.
Dec. 16, 2008 Market Close: $ 0.15
After Hours Trade Reporting
After Hours
Last: $ .143
After Hours
High: $ .148
After Hours
Volume: 2,119,975
After Hours
Low: $ .1411
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
16:34 $ .143 1,700
16:32 $ .1475 416
16:29 $ .142 700
16:27 $ .1474 100
16:27 $ .142 100
16:26 $ .1475 100
16:26 $ .142 100
16:26 $ .1475 1,500
16:26 $ .146 500
16:23 $ .1475 1,596,971
16:18 $ .145 12,746
16:15 $ .1415 166,835
16:13 $ .1475 300
16:10 $ .148 445
16:08 $ .148 5,000
16:06 $ .1411 212,750
16:02 $ .148 40,000
16:02 $ .148 62,134
16:01 $ .145 500
16:01 $ .1465 500
16:01 $ .1475 5,912
16:01 $ .1475 8,866
16:01 $ .147 1,000
16:00 $ .1432 300
16:00 $ .1439 500
I am not positive but i didnt think hedge funds traded SIRI becuase its pps is too lowQuote:
Originally Posted by trippingthespeculatingpos
You better believe that hedge funds trade SIRI.......Quote:
Originally Posted by stang3O2
sirius is stuck in mudd till we hear "we have refinanced" or we will not dillute shares.. we get some answers the 18th.. this stock will trade flat in a range untill then.. and hedge funds only trade is there shorts there holding on too there is no meat on the bone they all have moved on.. we couls get a short squeeze if we get some + news over the next 2-3 days.. but at this point who cares .14 or .25??? WTF
heh apex 0.25 would mean alot to me that would put me up 4 cents, so yes 25 cents plz!!!!