I am flabbergasted.
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I am flabbergasted.
I am gasterflabbed-edQuote:
Originally Posted by bdp.
Quote:
Originally Posted by bdp.
I think Merck has a pill for both of those. Rough day for the longs.Quote:
Originally Posted by user34615145
I am debating covering @ 3.65, this move down is a lot faster than I had been thinking. The whole market needs a pause, every time oil catches a bid, some headline news comes out and the shorts hammer it. On the long side, geopolitical events are ignored.
I was probably correct... Or should I say "hopefully" correct! I can not withstand yet another 2 years of gains wiped out of existence!Quote:
Originally Posted by bdp.
Jonn Malone and the den of thieves at work again:annoyed:
Gentlemen place your bets... Do we bounce or continue to plummet down the sink hole? I say bounce and end at the very least. We are well into a correction and the markets are becoming severely oversold. The one thing on the positive side is the greed factor. Let's hope restless investors begin pumping their cash back into equities and reverse this trend!
Now it's looking like serious trouble! There better be a bounce soon! At 3.63 I lose all my gains for the year! Bears are having a field day!
Been buying buying and buying Sirius for almost a month now. I have one last purchase ready for $3.50, but I hope I can keep it in reserve and it doesn't get that low.
My feeling is this. Mel said on CNBC 2 or 3 months ago that Howard can take a video stream worldwide. I think Meyer signed Howard with an eventual intention to do just that. I think Sirius will go worldwide in video not radio. That's why I am buying.
Quote:
Originally Posted by MUSCLE13
Got Mel's quote and the link
http://stocktwits.com/muscle13monster/message/48108438
But that's assuming that Howard Stern is a global sensation. Im not so sure his video streaming will deliver nearly the impact you are expecting. Am I wrong?Quote:
Originally Posted by MUSCLE13
Btw, I have a sneaking suspicion they're taking it down to 3.35 again.
I remember when Howard was only considered a NY DJ and he had to fight to get syndicated to other US markets in the 90s. I think Howard is first on Sirius list. Other short form video may be next. And I think that may go worldwide as well.Quote:
Originally Posted by bdp.
NY Post
SiriusXM has already been filming his show and is planning to create other content as it looks to expand its mobile entertainment credentials beyond the car.
“What’s opened our eyes is short-form video,” SiriusXM Chief Executive Jim Meyer told The Post. “It’s an area where there’s lots of activity and certainly lots of opportunities.”
http://nypost.com/2015/12/15/howard-...-90m-per-year/
LA Times
Scott Greenstein, president and chief content officer for SiriusXM, told The Times that his company plans to get an app with Stern's content up and running before pursuing a larger video initiative. But he acknowledged that conversations along those lines have taken place.
"We're going to put our energy into getting the video right for Howard," Greenstein said. "We have a lot of interesting personalities and brands already under the umbrella that would be well suited for video, and others frankly that already have reached out and [would] be excited to look into this."
SiriusXM also agreed to a 12-year deal for use of Stern's extensive audio and video library drawn from performances, specials and shows spanning his entire career.
http://www.latimes.com/entertainment...214-story.html
Much easier to take a video app worldwide than sat radio. And a lot less expensive - No internet music royalties, no satellites launches. I don't know if they took the Howard video app idea from Mel, but Mel was the first one I heard say it on CNBC in November.
Hope not, but if it drops to $3.50 I will buy again. Won't risk any more ammo after that. Hoping we already hit bottom.Quote:
Originally Posted by bdp.
It will be whatever Malone and Co. decide, I'm sure. Then another 3 quarters before we see $4.00 again. You know, who was the analyst that set a "harebrained" price target of 3.65 a short while back when we were already steadily trading in the $4+ range and every other analyst had targets considerably higher? Historically, almost every one of those obnoxious targets come to fruition. I seriously need to pay attention to the tasteless crust and not always be completely seduced by the cream filling!Quote:
Originally Posted by MUSCLE13
Doubt Malone controls China problems and oil prices, which has caused this latest correction in the entire market. Last I saw Sirius price has dropped just like every other stock has done at the same time.Quote:
Originally Posted by bdp.
I agree, but my point is base more on using macro issues as a catylist to degrade the value. I have never seen a stock that is dropping in step with the marke and not also rise in step with the rest of much of the market. Not to be a conspiracy addict, but it is pretty consistent. The overall fundamentals just do not warrant this. Of course there's also the idea that Sirius has been so beaten down so often that selling is far less of a cautious decision than buying. (Siri is currently trading 22% off its high where the market is down 10%. Not trading in step with the market!)Quote:
Originally Posted by MUSCLE13
Not looking good.
S&P 500 traded down about 1% (excluding 2% dividends) last year. Sirius was up about 16% last year. I guess Malone manipulated the S&P500 down last year, right??? LOLQuote:
Originally Posted by bdp.
Sirius also outperformed Liberty Media last year by about 5%. I guess Malone manipulated his own Liberty Media lower than Sirius' gains too!
I do not understand your LOL, but I'm sure it is appropriate. Your % gain figure is correct and worked greatly in the favor for the shares I sold off approaching the peak, but does not apply to very long positions. My point is that Sirius has a long history of trading this way and offers some great returns if you can time when to sell it and not be tempted to hold it too long. Trade in and out or hold until it provides a nice return and dump it, seems to be a better play.Quote:
Originally Posted by MUSCLE13
On a side note, practically all my stocks are up 1.5% or more except Sirius. Practically everything on my watch list is kicking ass, except Sirius! Not to say that there is the rare exception, but most of the time, this is how it plays out.
At least for the time being, my decision to have sold out of my entire long position over the last few months above 4 bucks seems to have been the prudent play. :) I couldn't tell you how pissed i would have been if i had not sold and we retraced back to these levels. I may not have timed the top perfect but who really does? I sold well above 4 bucks and im very happy with my decision. I may have to pick up some here heading into earnings.
Good luck all :)