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This bitch says "avoid Sirius at all costs" and buy Google. She says bad news is priced into Google, but not Sirius? ****ing bitch!
http://www.thestreet.com/_yahoo/vide...&cm_ite=NA&s=1
"Stephanie Link is the director of Research for TheStreet.com Action Alerts PLUS, Jim Cramer’s premium investing service. She works daily with Cramer on the stock picks chosen for the Action Alerts PLUS portfolio."
I think we will see a late day rally. Some may not want to be holding short ahead of Monday's numbers. Mel does seem to surprise on Q earnings.
I'm maintaining my earlier prediction from yesterday that SIRI will be green today - regardless of what the market does.Quote:
Originally Posted by Demian
SiriusXMinvestor: Is the pre-announcement rally starting already? It is up now and heading further, I think. You might be right. They don't want to thake the chance of being out of it on Monday
I think if the numbers are fair we will see a run-up early Monday. Then a drop. I think I may gamble a nd sell my 120,000 shares into the rally on Monday and then buy back on the drop. I bought 5000 more shares @ .17 and got my average down to $2.46. I'm so phucked right now that I feel the only play for me is to sell on the run ups and to buy on the drops. Maybe I can double my shares and lower my average.
My average was quite high as well but I have bought lately and brought it down to around $1.00 for 31,000 shares. Mel usually doesn't disappoint. I think your strategy to sell and re-buy is sound.
Mel has done nothing but disappoint.
i have to disagree doobz. mel for president
http://www.politicallore.com/writers...rs-rejoice/507
Sirius Investors are Seriously Mad… While Others Rejoice.
Post Date: February 20th, 2009
Submitted By: Alexander Nobles
Some Sirius Satillite Radio (Nasdaq : SIRI) investors are beginning to complain. Investors are blaming Sirius XM’s Mel Karmazin of ruining their investment by continuing to devalue shares. When SIRI and XM merged Karmazin had to renegotiate the debt XM owed, or the creditors could call that debt because of the sale. The easiest way for companies to get anything these days is to throw stock around. The problem with Sirius stock… is it is worth significantly less than SIRIUS XM’s market capitalization would have you think. This means undervalued share become increasingly undervalued with each new share issued… especially when issued at a discount.
The most recent fiasco is Sirius XM’s bail out by Liberty Media. Mel Karmazin gave up a 40% equity stake in the company to receive a loan that needs to be repaid at 15% interest. That looks to be an incredibly horrible deal, but it does beat the other option which would have been bankruptcy. Sirius investors would have been left with nothing if Mel Karmazin did not negotiate that deal. Instead, a very nice bounce in the stock happened, where many cashed in.
The shares have been diluted way more than anyone would like including Mel Karmazin. The main reasons behind Siri’s bargain bin price are the credit markets, the poor auto sales, and the delayed merger of the two companies. If even anyone of those went better than they did, the stock would be trading much better today. Mel has proven that he will not let this company go bankrupt, which means these shares can be picked up at a very nice price. If you are betting that the economy will rebound this year… bet on Sirius also.
Everyone keeps referring to Monday as the day we'll hear about the Q4 numbers, but I've seen nothing to confirm that. You'd think if indeed the earning were going to be released on Monday, the company would have said so by now. Anyone have a solid lead on this?