SIRI IntraWEEK Thread 08-03-09

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Originally Posted by candleman

Ben, I am a retailer.

Our overall sales are down about 6% this year. But, that still puts us about 10% ahead of 1997. We sell only American made products and our customers love us for that effort.

Unemployment is improving. In other words, it's not rising as fast as it was. We are near the end of this recession.

You need to have a little more faith in your fellow American.

Look at Ford, Bank Of America, Citi Bank, GE, JetBlue, these are strong American companies that are recovering one way or another.

John McCain didn't know we were in a recession last fall. People like him don't know we're in a recovery now.

Short all you want, but the profit will be there for the longs.

That's just an opinion of an American who sell things made in America to other Americans:)

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That confirms my projections. Nice post.

It looks like SIRI is showing some resiliance after the initial drop. Could that be a good sign? The market seems to be going red after a green opening. If SIRI holds tight during a red day, I'll take that as a positive.

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Originally Posted by goodlucksirius

anyone predict the close price for today? Will it be 0.40?

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The results were bad, as always, but not that bad. It will probably hold around 0.50 for a while then it will start trending down in the next few days.

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Originally Posted by SiriuslyLong

It looks like SIRI is showing some resiliance after the initial drop. Could that be a good sign? The market seems to be going red after a green opening. If SIRI holds tight during a red day, I'll take that as a positive.

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I wouldn't buy any shares at this level. But that's me.

Candleman...few comments about those good American companies.
BofA, GE, Citi bank are borrowing money for 0% and lending it out at 6% or higher. How long are they going to be able to borrow at that rate, not forever. Bernake will have to fight inflation and raise rates at some point...this will squeeze their margins. B of A should not exist, they should be bankrupt right now. I will admit their stock price does go up everyday, and they are probably undervalued. I would price it at 25/share...I know this sounds crazy to say they should be bk on one hand and be undervalued on the other, but hey its a crazy world we live in. F should also be bankrupt, they took a 2b loan in the summer before the credit markets tighten up, check one for the CEO Malowy(wrong, don't care). So when you say have a little faith in our American companies, I feel your making a point for my side of the debate.

I will admit BAC and the XLF go up and only up...why I have no idea! I am half tempted to buy BAC at 16.68 just to say I have 10 shares or 100. The XLF has to cool off sometime. GLA

Standing aside. Sold all shares over core. Last sell .515, and .50. ANd daytrade sell at .51 buying at .48. Target next buy is .48(FLOW).and .455.

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Originally Posted by candleman

Ben, I am a retailer.

Our overall sales are down about 6% this year. But, that still puts us about 10% ahead of 1997. We sell only American made products and our customers love us for that effort.

Unemployment is improving. In other words, it's not rising as fast as it was. We are near the end of this recession.

You need to have a little more faith in your fellow American.

Look at Ford, Bank Of America, Citi Bank, GE, JetBlue, these are strong American companies that are recovering one way or another.

John McCain didn't know we were in a recession last fall. People like him don't know we're in a recovery now.

Short all you want, but the profit will be there for the longs.

That's just an opinion of an American who sell things made in America to other Americans:)

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I have to ask, are you taking into account inflation in the cost of goods. As an example, if that shirt you used to get for 5 dollars now cost you 7 dollars your sales have to be greater just to make up for the increase of inflation of just the product alone not to mention the increase of everthing else.

Siriusowner, Relmor....I am with you guys....don't buy...don't buy!
Wait for the smoke to clear, let the bigger positions set themselves up, and purchase stock for .38-.42. The sun still rises in the east, verdad? Ok just checking. Always remember this is still on the top 5 most shorted stocks. Trading this stock will be looked back on as a small miracle. Buy and hold will also look good but not as good as one in the bag. "Trow it in the bag" We don't check tags around here! GLA

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Originally Posted by Siriusowner

I wouldn't buy any shares at this level. But that's me.

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I'm not buying. I bought already. I'm looking for new higher support. Mel mentioned that they will have some things coming out the end of this month (if I heard him correctly). Any ideas?

Interesting developements may stem the slow slide down most anticipate.

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Originally Posted by Siriusowner

I don't care how the forum is organized. I said that this was evidently the wrong week to start the weekly thread again.

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Right... and I am asking why? Why was it "evidently" the wrong week? Did I miss something earlier in the thread?