Yeah I hope you didnt have to pay a trading fee on each of those. If you select all or none it will just be one transaction
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Yeah I hope you didnt have to pay a trading fee on each of those. If you select all or none it will just be one transaction
Demian, can you tell me something.
If you put a trade at all or none, does it take longer for the trade to take place being you are say selling a bigger block of stock?
This guy has a history of bashing SIRI.......
http://www.bloomberg.com/apps/news?p...5uNLc&refer=us
Sirius XM ‘Challenged’ by Auto Slowdown, Maffei Says (Update1)
By James Callan
March 3 (Bloomberg) -- Sirius XM Radio Inc., the money- losing satellite broadcaster, was “challenged” by the slowdown in U.S. car sales, Liberty Media Corp. Chief Executive Officer Greg Maffei said.
Liberty, controlled by John Malone, agreed to buy a 40 percent stake in Sirius XM last month in exchange for $530 million in loans to help the pay-radio company avoid bankruptcy. The company became an “attractive” investment after it took over the only other U.S. pay-radio provider in July, Maffei said today at a Deutsche Bank AG conference in Palm Beach, Florida.
The collapse in U.S. auto sales has cut demand for Sirius XM’s radios, which come installed in cars. Total U.S. auto sales fell 18 percent last year to 13.2 million units, the lowest since 1992, according to Autodata Corp.
Liberty could find other ways to benefit from its stake in New York-based Sirius XM. Bundling subscriptions between the radio companies and Liberty’s DirecTV Group Inc. satellite-TV service could be one option, Maffei said last week.
“There might be ways in which Sirius XM and DirecTV Group Inc. could work together,” Maffei said today.
Sirius XM was little changed at 14 cents at 10:04 a.m. New York time in Nasdaq Stock Market trading. Englewood, Colorado- based Liberty’s Entertainment stock, which tracks the DirecTV stake, rose 5 cents to $16.80.
To contact the reporter on this story: James Callan in New York at jcallan2@bloomberg.net.
Last Updated: March 3, 2009 10:13 EST
It might take longer to fill....depending on the market at that time.Quote:
Originally Posted by westcoastsirius
Yeah I always shy away from the AON check box because I figure it's a less of a chance to be filled. I actually had that order in since start of trading last Thursday for .125 and the trading range was so tight it didn't get filled till I modified it to .135 today. That did cost me an extra commission. I'm now 34000 @ .41 That really should be my last buy... good luck everyone.Quote:
Originally Posted by Demian
PS. Nope didn't pay commission on all the orders, just the once. That would have seriously pissed me off. Ha.
This is the equivalent of saying that the sky is blue. What exactly was new in this article to warrrant an update anyway?Quote:
Originally Posted by Demian
EDIT: Demian, I wasn't knocking you posting that article, just the author (I realized after coming back to this thread that it may look like I'm bashing you instead)
FNHM,
I concur....it was nothing but regurgitated trash meant to instill more fear.(The Article)
Whats up Guys, Had to step back a few days and get a new game plan for this Crazy Market...
So hear it is...Im am thinking about adding more Siri about 10,000x @.13 and as I sell of my other dead beats try to add a 2 more lots of 10,000x and a little lower than .13 buy in...Then just use 30,000 out of 80,000 to catch the small spreads but with enought shares it will make a little $...untill things settle down alittle with this stock, I think their can be some money to be earned for a while!!!
What do you Think?:cool:
This is an article on how poorly DISH Network is performing. It is interesting to note that their inability to get SIRI appears to be viewed as a negative.
This is clearly a "can't win" market. All of a sudden, SIRI has value. It's absurd.
http://www.istockanalyst.com/article...icleid/3086532
I wouldn't be buying. Last buying opportunity was 2/26/2009 @ 0.13Quote:
Originally Posted by RMAN
Nothing, just hold. Do not add or do anything. The trade was @ 0.13 but it looks that it won't be paying off...Quote:
Originally Posted by bananaz
http://www.istockanalyst.com/article...icleid/3086532
dish HIGHER churn, loosing subs, loosing more money....Ergen is very smart. he saw the huge cash engine that siri xm will be in a year or two. Liberty Media saw it also. all we need to do is get past this year. it is a big undertaking in the worst economy since the depression in 1929.
if anyone can navigage thru these difficult times MEL CAN. BY THE WAY MEL'S CONTRACT with ends in dec 2009. anyone notice he did not receive any options, cash bonus or anything following the impossible task of the merger and then getting the deal with Liberty. he could have and he could have weathered the storm of adversity but he held tight. unlike THE bankers.
So, they are timing the market ? I doubt it... Besides, in this environment do you really think two or three weeks will make a difference ?Quote:
Originally Posted by Demian
Assuming for a moment that all your speculation is true and the stock does run up, what makes you think the stock spike will hold ? Did it hold when they announced the deal with Malone ?
The only reason they postponed is because they are letting the market fully digest the Malone deal and at the same time, the "good news" are not actually that good.
The market has nothing to do with it.Quote:
Originally Posted by westcoastsirius
The right answer is: It depends on how liquid the issue is. A market AON on Apple will get filled in a blink of an eye. Try the same with VTO (Vitro... an ADR).
It must be time to buy.Quote:
Originally Posted by Siriusowner
I don't think one can speculate with any confidence either way. It is very reasonable to think they needed more time to digest the Liberty info as well as perhaps being close to renegotiating new financing.Quote:
Originally Posted by Siriusowner
I don't see why many people think this is bad. It's just delayed.
Last buy signal was on 2/26/2009 @ 0.13. After that the stock went to 0.16 but I never got a sell signal. So, unless something out of the extraordinary occurs before the end of the week, I may just break even on this last trade.Quote:
Originally Posted by sxminvestor
Next signal is a sell signal so time to sell not to buy.
Paraphrasing our ex-president "you are either a friend or a foe", "if you are not with us you are with the terrorists", etc...unfortunately for SIRI the foes are many more than the friends... and they are winning...and BTW, they are the ones that think that the delay is bad.Quote:
Originally Posted by xitvp
Quote:
Originally Posted by xitvp
Everyone keeps talking about renegotiating new financing. If they were to renegotiate new financing that would mean that they could avoid the second part of the liberty deal, therefor staving off the 12% preferred "40% common" to malone? In turn avoiding further dilution???
I guess we will all know by March 17th.
Hoping it all falls into place finally!