SIRI Intraday Updates for the Week of 3/16/09

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Originally Posted by bananaz

It seems to me that a number of people on this board were able to predict the rise of Sirius. Why not MF??? :rolleyes:

Tuesday's Biggest Stock Stars

"There's a reason why I selected those notable gainers, as opposed to other winners making noise on Tuesday, like low-ranked Sirius XM (Nasdaq: SIRI). Stocks go up all the time, but unless you were able to predict the pop, what does it matter?"

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Please dont even click on their site. You just made them money.

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Originally Posted by airman

Motley was to busy predicting it's demise

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his name says it all..motley FOOL

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Originally Posted by Brandon Matthews

This is the reason I think we go much higher before the close. These orders have been there all day. The MM's keep throwing up those .4000 orders. They are accumulating shares at .40 which they will then use to fill those orders you referenced.

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brandon - if I'm following you - all the buys they are doing at .40 will be used to sell at each tier they've established..... so in a way - they are actually showing us the yellow-brick road... up through .44.....

But for them to set those prices.....they already have orders at a higher pricethan they are setting, so they are just trying to accumulate shares from us to flip on profit...or am I missing something.

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Originally Posted by Paratrooper_Rick

brandon - if I'm following you - all the buys they are doing at .40 will be used to sell at each tier they've established..... so in a way - they are actually showing us the yellow-brick road... up through .44.....

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For those that aren't following, let me try to explain. These are not straight buy/sell orders. Matched orders such as market orders are automatic in a sense. These limit orders are a little different.

If I sell at a set price it is the MM who buys the stock for a fee, and then sells the stock for a fee to another buyer. This is how they make a market in a stock. They have to have a certain amount of shares in their own inventory, so they just cant go out and sell their allotments. They have to accumulate to fill outstanding sell orders.

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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Originally Posted by SiriusHope

his name says it all..motley FOOL

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Man, I need to change my ID!

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Originally Posted by Brandon Matthews

For those that aren't following, let me try to explain. These are not straight buy/sell orders. Matched orders such as market orders are automatic in a sense. These limit orders are a little different.

If I sell at a set price it is the MM who buys the stock for a fee, and then sells the stock for a fee to another buyer. This is how they make a market in a stock. They have to have a certain amount of shares in their own inventory, so they just cant go out and sell their allotments. They have to accumulate to fill outstanding sell orders.

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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Thanks Brandon...you are much more articulate than I am! BTW....doing a great job with recent articles!

Top Sell Order 100 @ 3995
Top Buy Order 200 @ 3994
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Originally Posted by Brandon Matthews

For those that aren't following, let me try to explain. These are not straight buy/sell orders. Matched orders such as market orders are automatic in a sense. These limit orders are a little different.

If I sell at a set price it is the MM who buys the stock for a fee, and then sells the stock for a fee to another buyer. This is how they make a market in a stock. They have to have a certain amount of shares in their own inventory, so they just cant go out and sell their allotments. They have to accumulate to fill outstanding sell orders.

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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Thanks for the more detailed information...... I'm sure everyone appreciates the insight...

Thanks Brandon, its good havin' you in here!

So, am I correct in assuming that, in theory, when the MMs have enough stock accumulated, the price may drop if they don't take the same types of measures (100 share lots of bids higher than the market) to drive it higher, as they did when they were holding it down?

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Originally Posted by Brandon Matthews

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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A large set of sell blocks of shares were sitting at .390 when it hit .392 those all went to .380

large sucking sound right now.

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Originally Posted by Brandon Matthews

They have been accumulating at .4000 all day, which means they will want to sell those shares at the highest possible price at a later time, which means it MUST go higher than .4000.

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How do you know that they aren't keeping the price propped up as they unload?

Big ben if you sold that lot at .40 cents, Id buy back here, now. IMVHO. Only if you can daytrade of course. Im adding 5k more at .381.

did you catch the wave? I just missed it, pissed.

Got it that time. Looks like .38 will hold. Should be the low of the day.

making the turn....put up the sails...

DOW just had a breakout. Interesting. Wonder what Sirius will do.

Fed just announced 1.1Trillion layout for $750 bil in Mortgage security's and 300 bil in long term treasuries and 100bil in talf...doubles fed balance sheet to almos 2.7trillion they spent to (actually print more money)..

Wow, didnt i just say to buy gold? Go check the chart out after the fed announcment. Very telling:eek: My gold stocks look like they got shot out of a cannon!!!:D