SIRI Intraday Updates for the Week of 2/16/09

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02-19-2009, 07:33 AM
trippingthespeculatingpos

well shit newman now u are telling us its funny but leaving us out of the joke, NEWMAN!!!!!!!!!!!!!!!!!!!!!!!!!!
02-19-2009, 10:16 AM
Phil

NASDAQ Grants Exception

http://finance.yahoo.com/news/NASDAQ...-14410757.html

NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) announced today that NASDAQ had granted the Company's request to issue new preferred stock in connection with its previously announced agreements with Liberty Media Corporation without shareholder approval.
Liberty Media's investment will be funded in two separate phases. Upon completion of the second phase of the Liberty investments, SIRIUS XM will issue Liberty an aggregate of 12.5 million shares of preferred stock convertible into 40% of the common stock of SIRIUS XM. Details regarding the transaction are available in the Current Report on Form 8-K the Company filed with the Securities and Exchange Commission on February 17, 2009.

While the NASDAQ rules generally require shareholder approval prior to the issuance of securities that are convertible into more than 20% of the outstanding shares of a listed company, the Company is relying on an exception in cases when the delay in securing shareholder approval would seriously jeopardize the financial viability of the enterprise. The Company's Audit Committee has approved the use of this exception.
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Sorry, I guess this has already been discussed. My bad.
02-19-2009, 10:51 AM
bananaz

Dave99, I'd think that the shorts would have taken their profits and run by now. After all, how much more is there to make? So, if this is the case, who else would benefit the most by the destruction of satellite radio? If there is a conspiracy, I'd say it is the terrestrial radio crowd. With a SIRI market cap of around $500 million (pre-Malone), the Terrestrial Radio crowd hassomething to gain and everything to lose if Sirius survives and flourishes, as we all believe it can.

The market is a bloodbath right now and that is mainly what is holding us down right now. A good announcement next week(?) will help but the car companies are in dire straits and the projection I heard on CNBC this morning was for 9% unemployment by year's end. SIRI is a long term, fixer-upper for now. If you are a confirmed long, visualize it for what we hope it can be and use that to sustain yourself in times like these. If not, then I don't thinkk you should be in it for more than day trading. IMHO, of course.

Quote:

Originally Posted by dave99

The shorts are in no rush and are in this stock to make millions, even if it takes the rest of the year waiting for SIRI to do the reverse split. I do not think this stock will do anything the rest of the year and will wallow around the .20c mark, irritating all the longs.

SIRI still has all the costs, big contracts, serious debt, and the most hated (shortest) stock in the free markets. Even the next CC will not phase the stock because the shorts will keep it down. There may be a few blips up every now and then, but it will be driven right back into the ground. Their ultimate motive is to keep it down forcing the RS.

I read a link a few pages back on the best thing NASDAQ can do is just eliminate the $1.00 minimum listing. And I agree. That would be the only hope we have that would let the stock find its rightful level. Although I still hold 55602@.70 I am not hopeful of recovering my investment. There is a lot of hopeful thinking, wishing and predictions going on but my gut keeps telling me I�m screwed.

I bought more when the merger was announced and took it in the shorts. I bought more when Malone came in and BK was pushed off and took in the shorts. It is a shame shorting a stock is legal.
02-19-2009, 10:57 AM
thedude110

lmao @ Yahoo headline:

"Stocks Open Higher as Investors Go Bargain Hunting"

Even at .13, we are apparently still not a bargain.
02-19-2009, 10:59 AM
bananaz

Aww come on, we need guys like "Siriusowner" around, if for no other reason than to tell him I TOLD YOU SO!in a year, or two.

To Siriusowner: Buy some more SIRI and, when it rises, buy a house with six bedrooms! :)

[QUOTE=SiriusHope;14481]

Quote:

Originally Posted by Siriusowner

I got to get out of here... I think I am addicted to bashing SIRI....

FAREWELL and BON VOYAGE...your constant bashing and senseless theories (having only 1000 shares before you punked out and sold) surely WON'T be missed!! Please take the church lady with you.
02-19-2009, 11:09 AM
billhart22

Quote:

Originally Posted by bananaz

Dave99, I'd think that the shorts would have taken their profits and run by now. After all, how much more is there to make? So, if this is the case, who else would benefit the most by the destruction of satellite radio? If there is a conspiracy, I'd say it is the terrestrial radio crowd. With a SIRI market cap of around $500 million (pre-Malone), the Terrestrial Radio crowd hassomething to gain and everything to lose if Sirius survives and flourishes, as we all believe it can.

The market is a bloodbath right now and that is mainly what is holding us down right now. A good announcement next week(?) will help but the car companies are in dire straits and the projection I heard on CNBC this morning was for 9% unemployment by year's end. SIRI is a long term, fixer-upper for now. If you are a confirmed long, visualize it for what we hope it can be and use that to sustain yourself in times like these. If not, then I don't thinkk you should be in it for more than day trading. IMHO, of course.

You have to wait for the 1st hour and a half to see if the shorters are still around. There is not any sense to be made in this time period with any stock.

Today we are in a relief bear market rally. It may or may not last depending upon news and enthusiasm of investors. All it will take is just a little bad news to tip the market over the edge again.

There are a lot of numbers coming out today and everything is unsettled. So overall the market can go either direction as the day goes on.

Shorters can pick on this stock at any level and there is plenty of room for them. The shorters will try and pick SIRI apart until there is more investor confidence in this issue.
02-19-2009, 11:27 AM
bananaz

Quote:

Originally Posted by billhart22

You have to wait for the 1st hour and a half to see if the shorters are still around. There is not any sense to be made in this time period with any stock.

Today we are in a relief bear market rally. It may or may not last depending upon news and enthusiasm of investors. All it will take is just a little bad news to tip the market over the edge again.

There are a lot of numbers coming out today and everything is unsettled. So overall the market can go either direction as the day goes on.

Shorters can pick on this stock at any level and there is plenty of room for them. The shorters will try and pick SIRI apart until there is more investor confidence in this issue.

Bill, I think that there are people out there who think that the shorting is a conspiracy to destroy the company. I would think it is more like a pack of dogs chasing a wounded animal and not necessarily organized so I would agree that it will continue to happen until the SIRI house is more in order.

I agree also on the market and it will be tipping either way for a long time. I see things getting a good deal worse before they get better and not better this year. I worry how this will pan out for Sirius. Am I wrong about any of this?

Contrary to my previous post, I am not generally a conspiracy theorist.
02-19-2009, 11:29 AM
The Church lady

No I am not a stock wizard like the rest of you here. I started doing this with my retirement check from my job which was $15,000.00. I have a bank of america investment account which charges me $7 a trade. My first trade was with LVLT after I read a tip from someone on this website. I bought 24,000 shares at .63 just before new years day then sold it all at 1.60 so I went from $15000.00 to $38,400.00. Then I bought 350,000 shares of SIRI at .104 which I sold it all at .202. then bought 930,000 shares at .065 and sold it all at .215 which was $199,950.00. Now I have to wait 3 day for money to clear my account from that sale on Tuesday. I want to buy more SIRI before 4Q meeting, I was thinking of buying 1,500,000 shares at between .11 to.12 as I think it will jump up again. No I really do not know much about this stock trading stuff, I did go to a stock trading software thing with red to sell green to buy with a friend that got me interested in stock trading but didn't buy the software. Not Working I needed to make money so I am not interested in long term as many of you are here so I buy and sell it all to make a profit then I buy back in but I have only traded stocks 3 times as I have told you. Why do you think I am wreckless in my trade because I buy and sell everything at once? Is that wrong to do?
02-19-2009, 11:40 AM
billhart22

Quote:

Originally Posted by bananaz

Bill, I think that there are people out there who think that the shorting is a conspiracy to destroy the company. I would think it is more like a pack of dogs chasing a wounded animal and not necessarily organized so I would agree that it will continue to happen until the SIRI house is more in order.

I agree also on the market and it will be tipping either way for a long time. I see things getting a good deal worse before they get better and not better this year. I worry how this will pan out for Sirius. Am I wrong about any of this?

Contrary to my previous post, I am not generally a conspiracy theorist.

As far as conspiracy - Yes and No. There are organized shorters and free lance shorters. Everybody has their own motives. About the wounded animal hypothesis - sure.....kick it while it is down.

As far as the market getting worse before better - you bet it can.

I agree with Newman.....things have all ready happened a couple months ago. The market changes before the market knows it. And main street doesn't know it has happened until after Wall Street changes around. There is a tremendous time lag between what really is and what is.

I expect some resolution around early summer. Resolution....not necessarily a bull market.
02-19-2009, 11:46 AM
billhart22

Quote:

Originally Posted by The Church lady

No I am not a stock wizard like the rest of you here. I started doing this with my retirement check from my job which was $15,000.00. I have a bank of america investment account which charges me $7 a trade. My first trade was with LVLT after I read a tip from someone on this website. I bought 24,000 shares at .63 just before new years day then sold it all at 1.60 so I went from $15000.00 to $38,400.00. Then I bought 350,000 shares of SIRI at .104 which I sold it all at .202. then bought 930,000 shares at .065 and sold it all at .215 which was $199,950.00. Now I have to wait 3 day for money to clear my account from that sale on Tuesday. I want to buy more SIRI before 4Q meeting, I was thinking of buying 1,500,000 shares at between .11 to.12 as I think it will jump up again. No I really do not know much about this stock trading stuff, I did go to a stock trading software thing with red to sell green to buy with a friend that got me interested in stock trading but didn't buy the software. Not Working I needed to make money so I am not interested in long term as many of you are here so I buy and sell it all to make a profit then I buy back in but I have only traded stocks 3 times as I have told you. Why do you think I am wreckless in my trade because I buy and sell everything at once? Is that wrong to do?

You remind me of the Preacher in the movie Caddy Shack. He was out there in the rain playing the best game of his life and then got hit by lightning. ;)

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