SIRI Monthly Thread August 2015

Short Interest Update on Sirius XM Holdings Inc. (NASDAQ:SIRI)

"Sirius XM Holdings Inc. (NASDAQ:SIRI), According to the latest information the short interest in Sirius XM Holdings Inc. shot up by 8.3% or 11,752,165 shares. The final shorts are 7% of the total floated shares. The positions increased from 141,917,147 shares on July 15,2015 to 153,669,312 on July 31,2015. According to the per-day average trading of 36,821,649 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on August 11th."

http://www.insidertradingreport.org/...aqsiri/661190/

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) Sees Large Outflow of Money

http://www.insidertradingreport.org/...oney-2/663193/

Everyone can rest easy...this next month is gonna be a no-drama, green market, low stress month. How do I know this? Well I just bot 10 Sept 13 call contracts on the VIX. Figuring that there might be some fireworks as the Sept Fed meeting gets closer I thought I'd take a position to profit from any rise in volitility. So we all know what that means....tomorrow Janet Yellen will come out and end the suspense and say "No Fed Rate Hike Before Year End" and the market goes on a tear and the VIX drops to 6.

Denco.....You see that close baby??!!! Thats was great!! literally jumped from 3.97 to close at 3.99 in last few seconds :)


Edit: Looks like it hit 4.00 in ah :)

So here's how I see things possibly playing out. We break the wall tomorrow latest Monday.

Scenario 1. A gap up over resistance that will take us and hold us over $4. Many will sell because of the gap but they will not be rewarded with a fill. Big buyers will get many available shares from the gap players and the SP will move up. The perceived weight will be in this area but will not fill just as 2.88-2.92 has to date not filled. Why will it not fill. SIRI will be taken out before it has a chance to drag back down to fill the gap.

Scenario 2. SP linger for a while before the explosion higher as the day wears on.....tomorrow or Monday.

Scenario 3. We gap up over resistance into the 4.05-4.07 area before a rug pull to fill the gap followed by a short covering explosion that holds.

Take your pick....they all look good to me.....here's hoping we get one to play out going into the weekend....I guess Monday will do too...:cheers:

EDIT: Did see it DM. In fact I was about to buy 3.98 with a minute left and hold a nice chunk of margin into the close but didn't pull the trigger. No matter, still have a load of shares and will buy a break for more.



EDIT2: Scenario 4. The Dogs balls shrivel up and we drag for another few weeks..:mad:

So basically what you are saying is... SIRI is going up or go down. :thumbup:

I will take it!

Quote:

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Originally Posted by denco1

So here's how I see things possibly playing out. We break the wall tomorrow latest Monday.

Scenario 1. A gap up over resistance that will take us and hold us over $4. Many will sell because of the gap but they will not be rewarded with a fill. Big buyers will get many available shares from the gap players and the SP will move up. The perceived weight will be in this area but will not fill just as 2.88-2.92 has to date not filled. Why will it not fill. SIRI will be taken out before it has a chance to drag back down to fill the gap.

Scenario 2. SP linger for a while before the explosion higher as the day wears on.....tomorrow or Monday.

Scenario 3. We gap up over resistance into the 4.05-4.07 area before a rug pull to fill the gap followed by a short covering explosion that holds.

Take your pick....they all look good to me.....here's hoping we get one to play out going into the weekend....I guess Monday will do too...:cheers:

EDIT: Did see it DM. In fact I was about to buy 3.98 with a minute left and hold a nice chunk of margin into the close but didn't pull the trigger. No matter, still have a load of shares and will buy a break for more.



EDIT2: Scenario 4. The Dogs balls shrivel up and we drag for another few weeks..:mad:

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Here's to a rate hike... cheers! :)

Quote:

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Originally Posted by user34615145

Everyone can rest easy...this next month is gonna be a no-drama, green market, low stress month. How do I know this? Well I just bot 10 Sept 13 call contracts on the VIX. Figuring that there might be some fireworks as the Sept Fed meeting gets closer I thought I'd take a position to profit from any rise in volitility. So we all know what that means....tomorrow Janet Yellen will come out and end the suspense and say "No Fed Rate Hike Before Year End" and the market goes on a tear and the VIX drops to 6.

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Quote:

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Originally Posted by denco1

http://biz.yahoo.com/e/150813/siri8-k.html

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Wow this is a big vote of confidence for Meyer after Sirius has underperformed the S&P 500 index under his leadership the last two and a half years. This makes me think Liberty has every intention of hanging on to Sirius for the longterm and pulling it in to Liberty Media one day. Like I said before I see Sirius, Live Nation and a major music label getting together one day under Liberty. The only 3 parts of the music business that are actually successful these days - sat radio, live concerts and music labels.

That's definitely an interesting way to look at it. There's something they like about him regardless of the stocks performance. I do find it interesting that these executives are under "contract." How many other companies do that or is that normal in the industry?

Quote:

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Originally Posted by MUSCLE13

Wow this is a big vote of confidence for Meyer after Sirius has underperformed the S&P 500 index under his leadership the last two and a half years. This makes me think Liberty has every intention of hanging on to Sirius for the longterm and pulling it in to Liberty Media one day. Like I said before I see Sirius, Live Nation and a major music label getting together one day under Liberty. The only 3 parts of the music business that are actually successful these days - sat radio, live concerts and music labels.

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@Midas

Well, there are 4 scenarios.....so lets just say the ratio is 3/1..75% ish......over the next 2 days of a break....IMO better?

@Muscle

I have seen you post that in the past and must say it looks to be a very viable scenario. Makes a lot of sense and they already have ties to LiveNation of course with the 27ish% ownership and then there is the law suit with Vivendi that could have the makings of a deal at some point. Count me in the hope it happens camp.