SIRI Monthly Thread July 2015

Interesting point...

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Originally Posted by MUSCLE13

Sirius has underperformed the S&P 500 since Mel left 2 and a half years ago.......

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Originally Posted by MUSCLE13

Yes I realized after the post it wasn't Midas. I deleted it. Sorry about that.

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No problem Muscle. thanks man.

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Originally Posted by midas360

Interesting point...

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And yet I am still showing a 6 figure profit....I can't really complain about that. :)

Where have we heard this before? Does anyone feel like Charlie Brown thinking that THIS TIME he's actually going to get to kick the ball? I wonder if two years from now we will all be sitting here in deja vu land congratulating ourselves on a great quarter and predicting that $4.50 is just around the corner?

Sirius XM At $4.60? $5? Analysts Continue Upgrades...

http://seekingalpha.com/article/1594362-sirius-xm-at-4_60-5-analysts-continue-upgrades

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Originally Posted by midas360

Where have we heard this before? Does anyone feel like Charlie Brown thinking that THIS TIME he's actually going to get to kick the ball? I wonder if two years from now we will all be sitting here in deja vu land congratulating ourselves on a great quarter and predicting that $4.50 is just around the corner?

Sirius XM At $4.60? $5? Analysts Continue Upgrades...

http://seekingalpha.com/article/1594362-sirius-xm-at-4_60-5-analysts-continue-upgrades

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Beats sitting at $2.75! :)

Jesus I should have read that the article was written in August 2013 and not July 2015. Oh well, at least he will get a few more clicks out of it. Maybe he can save himself some time writing his new article and just copy/paste this one onto the template with today's date on it? Can you plagiarize yourself?

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Originally Posted by midas360

Where have we heard this before? Does anyone feel like Charlie Brown thinking that THIS TIME he's actually going to get to kick the ball? I wonder if two years from now we will all be sitting here in deja vu land congratulating ourselves on a great quarter and predicting that $4.50 is just around the corner?

Sirius XM At $4.60? $5? Analysts Continue Upgrades...

http://seekingalpha.com/article/1594362-sirius-xm-at-4_60-5-analysts-continue-upgrades

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Originally Posted by midas360

Jesus I should have read that the article was written in August 2013 and not July 2015. Oh well, at least he will get a few more clicks out of it. Maybe he can save himself some time writing his new article and just copy/paste this one onto the template with today's date on it? Can you plagiarize yourself?

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Now why would you take time to read the article....you admitted the other night you don't read them....you just see headlines and copy and paste them. Maybe you should start reading them before you post them...that way you wont look like a bigger dirtbag than you already are. :)

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Originally Posted by Faulkner_SA

Disappointed why? I'm not trying to be mean but are you looking to sell or do you need it up today in order to leverage the account with margin to enter another position?

Yes I have a major bill to pay for rebuilding our two story deck at wife insistence. Since we don't keep 10K in the bank I'll just sell but the higher the price the better (Held since 0.16/share). Small percentage of total IRA/NON-IRA but still if I have to sell when the carpenters start, waiting/negotiating on the permit the community doesn't want to give as planned. Originally scheduled for June. I'll still be long the vast majority of my Sirius/LMCA position.

Takes time. Has to grind around here. Can do that for a few days or even up to a week if it needs to.

The "trade" is sell / short $4 and has been for months now. That won't change until that's wrong. Read the comments from people "frustrated."

Longs who are frustrated, in my opinion, are looking for an exit. That's fine. But higher prices are not what is good for the company since the company is A) not using its market cap for anything specific and B) is in the midst of a share repurchase.

ANY "investor" who wishes to stay invested should be happy it has not broken $4 yet and should remain happy every single day that it does not, because your money, the company's cash and debt, is being used to repurchase shares.

Traders. Might be frustrated if on the long side and it has not broken yet. Investors looking to exit? Might be frustrated. Midas? Frustrated for... no reason...

Don't be surprised at normal volume. The stock didn't move. It just ground around in a range and pulled down to the 15 / 50 end of day as many stocks do 2 days after earnings. Generally that is looked at for a bounce... we'll see if it materializes tomorrow or if it needs to chew Friday and take the weekend...

Or if enough get "frustrated" and bail here to satisfy demand :) Always a possibility...

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Your a smart man brian65. Sorry you have to sell some shares but, you know if mama's not happy, ain't nobody happy. Us married guys get it and sympathize 100%! Get the deck done and it'll still be cheap at twice the price vs. hearing about it and paying the price for years and years with the Mrs.
At least you'll still have the majority of your holdings. Timing is never good but if it were me I'd make sure I had that cash in the bank in case something out of the blue caused the whole market to pull back. That way I could/would sit back and not worry about the short term price and let things recover. But that's me. Good luck with whatever you decide and enjoy the new deck!

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Originally Posted by Faulkner_SA

You poor married souls! ;)

Maybe someday... but not yet... not yet :P

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You're fooling yourself if you think it's up to you. It's not. Congrats on staying under the radar so far and good luck with that!