Man, with all this holding hands, he-said BS I thought I was the only one left watching this stock...
Printable View
Man, with all this holding hands, he-said BS I thought I was the only one left watching this stock...
Looking good today Ladies and Gentleman. I hope this continues.
Maybe this is what we have been waiting for from the triangle/pennant pattern that Brandon and Rel have been posting about! The next leg up?
http://www.streetinsider.com/Upgrade...y/4551515.html
Deutsche Bank upgrades Liberty Capital (Nasdaq: LCAPA) from Hold to Buy.
Deutsche analyst says, "On Feb 17th, LCAPA annc'd a deal with Sirius XM Radio (Nasdaq: SIRI) whereby
LCAPA garnered a 40% equity stake and a $30m financing fee in exchange for a $530m cash loan to help SIRI avoid bankruptcy. The equity and fee are today worth $884m, an enhancement of NAV by $9/share. In its Apr 6th financing update release, LCAPA indicated it had repurchased $750m of its cvt bonds for $187.5m, enhancing NAV by $6/share. The Company also importantly noted that "Liberty has not settled all of its swaps that reference its own or third-party debt."...Mgmt has undertaken these two significant transactions in the past 2 months that have added $15 of value to NAV, well more than $8 LCAPA is trading at today before even considering its prior net asset value. Given the 79% upside to our new $15 target price, and the likelihood that favorable mgmt activity will continue, we believe a Buy rating is appropriate."
Yes!!! Right on!
A "Back Handed" compliment?
Mitchelson also said going forward the company has $2.5 billion available for more share repurchases or repurchases of convertible bonds, or to buy up more of Sirius XM or "find other Sirius-like investments."
Taken from this article... http://news.moneycentral.msn.com/pro...409&id=9775642
I will just say why dont you take a look at the general market. I will say again when the marget gets as much as 150 points it is considered a bull market there by bringing in new money of which some go to SIRIXM. Dont have to believe me look at what happens almost everytime. You will notice if the market is up SIRIXM really (without any news) does not move until it gets to about 150. Now in a down market as long as it is not to down you will see SIRIXM move up until a certain point then it will take a dive because then it is considered a bear market inwhich money starts to come out of everything.
Looks as though we're trying to test .36 today.
I have one word for every one.
"MOMENTUM"
That .35 trade that they let through really screwed with the chart! Hate when they do that.
Hey Rick, if you are watching, keep on not posting it seems to be working.
Just messing with you my friend..:p