SIRI Monthly Thread August 2015

@muscle... John Malone comparison in this article.

The Example Larry and Sergey Should Follow (It’s Not Buffet)

https://hbr.org/2015/08/the-example-...its-not-buffet

@muscle... did you see this one? I missed this in my email.

Liberty Media Corp Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:LMCA)

http://Liberty Media Corp Receives C... (NASDAQ:LMCA)

A little more tid bit from SF on his options play for the non SF haters :)

"....Anyways, the reason for buying long $3's (or $2.50's or $3.50's depending on premium) and shorting against them at $4 is because you have no risk other than lost upside. You pay for the calls at a few cents premium, and it really doesn't matter where you buy the calls long as you use them. So like, I bought $3's the other day for $1.01 (remember when I posted I picked up 1500 of them), which is fine because you short against them and cover at the 100 day. You aren't really "short" just net neutral the position. When you cover at $3.90 or whatever you made 10 cents, are still long the call, and thus reduced your cost basis on the call by 10 cents...

Do that 3X and that $1 call now cost you $0.71, and if SIRI goes to $4.42, 10% on the break, you are at a double.

So anyways, UNTIL the break happens (and Q2 gave a reason, so time to aim higher on the covers) short $4 is STILL on but that stop loss becomes very very important because any break will have 1,000's of stop losses triggered and it will move VERY fast, 1%, 2%, 3%. Trust me that guy holding 80,000 Sept $4's has a stop set, and when his short $4 stops working he's going long with them and trying to find next resistance. That 8 million shares can / will move it very very fast combined with all the bells and whistles going off for those looking for a high volume break, etc.

Anyone can see the C+H ready to pop... and it's being watched and WILL bring new interest to SIRI again. They'll talk it up on CNBC and oh this and that positive and new blood will come in and more will watch it again.

But UNTIL that happens... short $4, cover 10 cents down... (again only since Q2 call)..."

Lots of good stuff in the news...

Apple Music: Should Apple have bought Pandora instead of Beats?

http://www.cnet.com/news/apple-music...tead-of-beats/

Quote:

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Originally Posted by midas360

Lots of good stuff in the news...

Apple Music: Should Apple have bought Pandora instead of Beats?

http://www.cnet.com/news/apple-music...tead-of-beats/

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Apple could buy Greece and still have money left over. The reason they don't do something like buy Pandora is because it doesn't make sense for them. Just because they have the money to, that's not a good enough reason to just go buying everthing in sight....A lesson Steve Ballmer should have learned - but didn't. In fact, now that I think about it, I'm kinda surprised Ballmer didn't buy Pandora

I'll bet Tim Cook get tired of every other media journalist speculating on how he should spend the company stash.

Another good point... don't get me started on Microsoft and Steve Ballmer. If the new CEO at MSFT is throwing good money after bad. Why the heck did they buy NOKIA?????

Quote:

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Originally Posted by user34615145

Apple could buy Greece and still have money left over. The reason they don't do something like buy Pandora is because it doesn't make sense for them. Just because they have the money to, that' not a good reason to just go buying everthing in sight....A lesson Steve Ballmer should have learned - but didn't. In fact, now that I think about it, I'm kinda surprised Ballmer didn't buy Pandora

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Quote:

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Originally Posted by dm_4

A little more tid bit from SF on his options play for the non SF haters :)

"....Anyways, the reason for buying long $3's (or $2.50's or $3.50's depending on premium) and shorting against them at $4 is because you have no risk other than lost upside. You pay for the calls at a few cents premium, and it really doesn't matter where you buy the calls long as you use them. So like, I bought $3's the other day for $1.01 (remember when I posted I picked up 1500 of them), which is fine because you short against them and cover at the 100 day. You aren't really "short" just net neutral the position. When you cover at $3.90 or whatever you made 10 cents, are still long the call, and thus reduced your cost basis on the call by 10 cents...

Do that 3X and that $1 call now cost you $0.71, and if SIRI goes to $4.42, 10% on the break, you are at a double.

So anyways, UNTIL the break happens (and Q2 gave a reason, so time to aim higher on the covers) short $4 is STILL on but that stop loss becomes very very important because any break will have 1,000's of stop losses triggered and it will move VERY fast, 1%, 2%, 3%. Trust me that guy holding 80,000 Sept $4's has a stop set, and when his short $4 stops working he's going long with them and trying to find next resistance. That 8 million shares can / will move it very very fast combined with all the bells and whistles going off for those looking for a high volume break, etc.

Anyone can see the C+H ready to pop... and it's being watched and WILL bring new interest to SIRI again. They'll talk it up on CNBC and oh this and that positive and new blood will come in and more will watch it again.

But UNTIL that happens... short $4, cover 10 cents down... (again only since Q2 call)..."

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DM, why did your husband leave? Also, as his puppet, how does he make your mouth move?

I thought Stephen was done with this board? As much as I would like that he were still here. DM are you trying to channel your inner Faulkner? What's this all about? Just curious.

Quote:

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Originally Posted by dm_4

A little more tid bit from SF on his options play for the non SF haters :)

"....Anyways, the reason for buying long $3's (or $2.50's or $3.50's depending on premium) and shorting against them at $4 is because you have no risk other than lost upside. You pay for the calls at a few cents premium, and it really doesn't matter where you buy the calls long as you use them. So like, I bought $3's the other day for $1.01 (remember when I posted I picked up 1500 of them), which is fine because you short against them and cover at the 100 day. You aren't really "short" just net neutral the position. When you cover at $3.90 or whatever you made 10 cents, are still long the call, and thus reduced your cost basis on the call by 10 cents...

Do that 3X and that $1 call now cost you $0.71, and if SIRI goes to $4.42, 10% on the break, you are at a double.

So anyways, UNTIL the break happens (and Q2 gave a reason, so time to aim higher on the covers) short $4 is STILL on but that stop loss becomes very very important because any break will have 1,000's of stop losses triggered and it will move VERY fast, 1%, 2%, 3%. Trust me that guy holding 80,000 Sept $4's has a stop set, and when his short $4 stops working he's going long with them and trying to find next resistance. That 8 million shares can / will move it very very fast combined with all the bells and whistles going off for those looking for a high volume break, etc.

Anyone can see the C+H ready to pop... and it's being watched and WILL bring new interest to SIRI again. They'll talk it up on CNBC and oh this and that positive and new blood will come in and more will watch it again.

But UNTIL that happens... short $4, cover 10 cents down... (again only since Q2 call)..."

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This is too funny... what did I tell you. I told you he would be back. This is the 2nd time now.

Quote:

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Originally Posted by getsirius

I thought Stephen was done with this board? As much as I would like that he were still here. DM are you trying to channel your inner Faulkner? What's this all about? Just curious.

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Quote:

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Originally Posted by Sirius_Stagnation

DM, why did your husband leave? Also, as his puppet, how does he make your mouth move?

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Oh does it bother you? I forgot with about 9 post and your username i almost forgot you are part of camp midas. Like midas stated to someone here a few weeks back...he has more friends here than most think. Thats subjective but looks like user and you are alias of midas or are camp midas wannabees, thats ok tho...its a free board :) And why be bothered with me posting sf snippets stagnation, cough cough i mean midas?...its sirius related. There are some here who want to learn options and prob still like some some insight from SF on his thoughts on siri. If this offends anyone....please do what the weak do around here and hit that iggy button. I see no harm in it. I will continue as long as sf is willing to share info with me. :)