SIRI Monthly Thread October 2015 (with NFL Chat)

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10-21-2015, 12:30 PM
midas360

@ROSIE.... Booooooo! I hope SIRIUS XM doesn't get crushed tomorrow. I am really hoping for your sake it goes up. Good LUCK!! :) HAHAHAHA
10-21-2015, 12:37 PM
bdp.

Quote:

Originally Posted by midas360

Waiting Rosie... please explain how this all works for ya. I answered. :) Oh and while we are waiting, what do you do for a living BDP. You seem to have a lot of time on your hands.

What exactly do you do for a living Midas? No offense but you couldn't be trading stocks or be holding down a job. When I'm trading, I disappear from here. It is impossible to make smart moves if your mind is the least bit distracted. Being that you lately have the most posts here by far, you must have an enormous amount of idle time. I own my own business. It is a well oiled machine that makes money money even when I am sleeping. I do have the luxury of burning time if I chose with no consequence to my livelihood. Just curious. What do you do for a living?

It's only fair, right? You asked me what I did for a living so why can't I ask you? Be prepared to be asked the same questions you ask others. :)
10-21-2015, 12:44 PM
midas360

That's great BDP. You sound successful! I don't sit here all day. I do move about. I have access to the website on my iPhone and other devices.
10-21-2015, 12:47 PM
bdp.

Quote:

Originally Posted by dm_4

I agree totally. What i find even more offensive is the fear mongering of siri sp when it heads lower. Case in point...this time last year...the sp was in a downtrend....at 3.15. For us who are as you point out invested in this stock rather heavily....being at 3.15 was very trying. Its even more trying when you have a Dough Boy gleefully chanting "GOING TO $2.75 Boys!". Ecspecially when that Dough Boy has no skin in the game. It was as if he took pride in making confused and fearful investors even more confused and fearful. Then he is spouting off all the bs reasons why he believes its going to $2.75 only to find out months later....he was being fed those thoughts by Waldo yet trying to pass them off as his own. Thats my definition of a true POS. Could you imagine if people actually listened to him and sold 3.15 on his fear mongering? months later we were pushing 4. People Seriously would have lost out on Tens of thousands of dollars..some Hundred of thousands of dollars!! I have a real problem with people who try and fk with my mind and my money like that. Call me crazy but yeah....I TAKE THAT SHIT PERSONAL!!

And Thats why I call this MUTHA FKR OUT EVRY CHANCE I GET...so people dont listen to him and lose their money!! :)

+1
I don't find much of anything he posts of having any value whatsoever. He is retired. He lives off his investments. He spends most of his days in this forum. If I were 44 and retired and living off my investments, I wouldn't be spending my time here. I'm sure most would agree that they would be doing something selfish and fulfilling with maybe a bit of this in the mix. My guess is he is a very lonely soul that is a social outcast with no human connection other than the virtual one here.
10-21-2015, 12:49 PM
bdp.

And with that I think I am spending too much time posting here. Got a business to run. Good luck all! I'll be up bright and early to either sink or swim!
10-21-2015, 12:56 PM
midas360

Good move on your part. You're just now figuring this out because of me. You're welcome! :)

STILL WAITING ROSIE O'DANNELL!!! How can a PERSONAL INJURY LAWYER spend his entire day here on the forum. DO YOU NOT WORK??? :)

Quote:

Originally Posted by bdp.

And with that I think I am spending too much time posting here. Got a business to run. Good luck all! I'll be up bright and early to either sink or swim!
10-21-2015, 12:57 PM
midas360

-1 ... The reason I am here makes a hell of alot more sense than the reason you are here. HAHAHA. Someone with a well-oiled business should be MONITORIING IT not sitting here. HAHAHA I am sure BILL GATES doesn't sit around in forums all day while his WELL-OIL MACHINE IS RUNNING. HAHAHAHAHA

Are you BASHING RETIRED PEOPLE???? :) Are speculating what I do with my free time? WHAT ARE YOU DOING???

So you came in today, stirred up the forum and now are leaving??? What a great person you are. HAHAA

Quote:

Originally Posted by bdp.

+1
I don't find much of anything he posts of having any value whatsoever. He is retired. He lives off his investments. He spends most of his days in this forum. If I were 44 and retired and living off my investments, I wouldn't be spending my time here. I'm sure most would agree that they would be doing something selfish and fulfilling with maybe a bit of this in the mix. My guess is he is a very lonely soul that is a social outcast with no human connection other than the virtual one here.
10-21-2015, 12:58 PM
dm_4

Quote:

Originally Posted by bdp.

+1
I don't find much of anything he posts of having any value whatsoever. He is retired. He lives off his investments. He spends most of his days in this forum. If I were 44 and retired and living off my investments, I wouldn't be spending my time here. I'm sure most would agree that they would be doing something selfish and fulfilling with maybe a bit of this in the mix. My guess is he is a very lonely soul that is a social outcast with no human connection other than the virtual one here.

+1
10-21-2015, 01:00 PM
dm_4

Quote:

Originally Posted by bdp.

And with that I think I am spending too much time posting here. Got a business to run. Good luck all! I'll be up bright and early to either sink or swim!

+1
10-21-2015, 01:31 PM
dm_4

This should bounce off these lows heading into final hours. :)
10-21-2015, 01:51 PM
user34615145

SIRI Earnings Trade Idea

As we head into the earnings call tomorrow A.M. there certainly has been a lot of chatter here in the forum. Folks are getting testy it seems. Perhaps it's time to put up or shut up? For those that think SIRI is going to bust out above the $4 range here's a trade to consider:

The Oct23 (this Friday) $4 calls can be had for $.06...probably lower as we speak with the recent intraday weakness in the sp. This means you control the stock for $.06 above $4/share. Anything above $4.06 is penny for penny pure profit for you. Everyone talks about the "good old days" when shares could be had for $.05 or $.10, or even $.15...well here's chance to re-live those days. Control 100,000 shares for only $6k. Any takers? or just talkers?

Another way to play a bullish sentiment on tomorrows earnings is to SELL the Oct23 (Friday) PUT for $.11. If the stock busts out above $4 and stays that way you keep the $.11. If not, you buy it for $4/share BUT.....you still get to keep the $.11 so your true cost basis would only be $3.89. So logic would conclude that if $4+ is where the stock is going then this is either an easy way to pick up $.11/share or a way to pick up more shares for the bargain price of $3.89. Again...any takers here? Or Just talkers?

I'm playing the Puts. That way if I get put the stock I can turn around and sell the calls.
10-21-2015, 02:29 PM
waldo29

Quote:

Originally Posted by user34615145

As we head into the earnings call tomorrow A.M. there certainly has been a lot of chatter here in the forum. Folks are getting testy it seems. Perhaps it's time to put up or shut up? For those that think SIRI is going to bust out above the $4 range here's a trade to consider:

The Oct23 (this Friday) $4 calls can be had for $.06...probably lower as we speak with the recent intraday weakness in the sp. This means you control the stock for $.06 above $4/share. Anything above $4.06 is penny for penny pure profit for you. Everyone talks about the "good old days" when shares could be had for $.05 or $.10, or even $.15...well here's chance to re-live those days. Control 100,000 shares for only $6k. Any takers? or just talkers?

Another way to play a bullish sentiment on tomorrows earnings is to SELL the Oct23 (Friday) PUT for $.11. If the stock busts out above $4 and stays that way you keep the $.11. If not, you buy it for $4/share BUT.....you still get to keep the $.11 so your true cost basis would only be $3.89. So logic would conclude that if $4+ is where the stock is going then this is either an easy way to pick up $.11/share or a way to pick up more shares for the bargain price of $3.89. Again...any takers here? Or Just talkers?

I'm playing the Puts. That way if I get put the stock I can turn around and sell the calls.

Go with the Puts, sell to open with one day left no need for an exit plan if you are happy with 3.89. The bid on the Calls is @ .03 (ask @ .08), don't pay up for it. Plus, the liquidity of the security [option] is more of a concern if the trade went against you.

EDIT: user always has good option ideas
10-21-2015, 02:45 PM
dm_4

Be nice if we beat tomorrow....have a huge short squeeze and hit 5$ :) well at least 4.50 :)

Place your bets BABY and let her ride!
10-21-2015, 02:52 PM
user34615145

Quote:

Originally Posted by user34615145

As we head into the earnings call tomorrow A.M. there certainly has been a lot of chatter here in the forum. Folks are getting testy it seems. Perhaps it's time to put up or shut up? For those that think SIRI is going to bust out above the $4 range here's a trade to consider:

The Oct23 (this Friday) $4 calls can be had for $.06...probably lower as we speak with the recent intraday weakness in the sp. This means you control the stock for $.06 above $4/share. Anything above $4.06 is penny for penny pure profit for you. Everyone talks about the "good old days" when shares could be had for $.05 or $.10, or even $.15...well here's chance to re-live those days. Control 100,000 shares for only $6k. Any takers? or just talkers?

Another way to play a bullish sentiment on tomorrows earnings is to SELL the Oct23 (Friday) PUT for $.11. If the stock busts out above $4 and stays that way you keep the $.11. If not, you buy it for $4/share BUT.....you still get to keep the $.11 so your true cost basis would only be $3.89. So logic would conclude that if $4+ is where the stock is going then this is either an easy way to pick up $.11/share or a way to pick up more shares for the bargain price of $3.89. Again...any takers here? Or Just talkers?

I'm playing the Puts. That way if I get put the stock I can turn around and sell the calls.

Quote:

Originally Posted by waldo29

Go with the Puts, sell to open with one day left no need for an exit plan if you are happy with 3.89. The bid on the Calls is @ .03 (ask @ .08), don't pay up for it. Plus, the liquidity of the security [option] is more of a concern if the trade went against you.

EDIT: user always has good option ideas

Thanks for the response waldo. I'm guessing from the cricket's chirping folks have decided to opt for "shut up" rather than "put up" and that's understandable given that options are not something everyone is comfortable with and the unpredictability of the stock itself. I have done a little homework which I will share with the group.

Out of the last seven (7) earnings announcement trading days - going back to February 4 of 2014 the sp has fluctuated on an open close basis (didn't check intraday - probably should have) from a max of +$.05 to a minimum of -$.08 for the day of earnings and from a max of +$.03 to a min of -$.06 from open to close on the day after the earnings were released. Combined, the most it increased in any two days following earnings was +$.08 and the most it decreased in the two days following earnings was -$.05.

Therefore, based on this short and very unscientific survey of the past seven earnings calls, your analysis is validated waldo. Assuming the sp closes at somewhere in the mid $3.90's today (and hey,there's still time for a move back to green today - we've seen stranger things happen!) an $.08 move would place the holder (buyer) of those calls at best case of break even. While the writer (seller) of the Puts would probably get put the stock, he/she would either be able to buy back those puts at a fraction of what was earlier paid for them, or own the stock with a true cb (strike price minus put premium) about $.10 below the market price.

Edit #1: FYI, sold Oct23 $4 puts and received $.10 premium. So....we shall see.

Edit #2: Well that trade is looking pretty stupid right now. Could just buy the stock for $3.90 right about now and be done with it. :p Why does it seem like I've seen this movie before?
10-21-2015, 03:21 PM
dm_4

Quote:

Originally Posted by user34615145

Thanks for the response waldo. I'm guessing from the cricket's chirping folks have decided to opt for "shut up" rather than "put up" and that's understandable given that options are not something everyone is comfortable with and the unpredictability of the stock itself. I have done a little homework which I will share with the group.

Out of the last seven (7) earnings announcement trading days - going back to February 4 of 2014 the sp has fluctuated on an open close basis (didn't check intraday - probably should have) from a max of +$.05 to a minimum of -$.08 for the day of earnings and from a max of +$.03 to a min of -$.06 from open to close on the day after the earnings were released. Combined, the most it increased in any two days following earnings was +$.08 and the most it decreased in the two days following earnings was -$.05.

Therefore, based on this short and very unscientific survey of the past seven earnings calls, your analysis is validated waldo. Assuming the sp closes at somewhere in the mid $3.90's today (and hey,there's still time for a move back to green today - we've seen stranger things happen!) an $.08 move would place the holder (buyer) of those calls at best case of break even. While the writer (seller) of the Puts would probably get put the stock, he/she would either be able to buy back those puts at a fraction of what was earlier paid for them, or own the stock with a true cb (strike price minus put premium) about $.10 below the market price.

Edit #1: FYI, sold Oct23 $4 puts and received $.10 premium. So....we shall see.

yeah we all "shut up" no one here is betting earnings. :)
10-21-2015, 03:21 PM
midas360

Anyone getting nervous? HAHAHA... gotta love how it runs to $4.07 and sells off. Takes back yesterday and today's gains. DAMN!!!:)

I love how quiet everyone gets when the stock goes down. HAHAHA

Btw... I just road in a well-oiled machine. My car... ran great!!! No problems whatsoever!
10-21-2015, 03:30 PM
midas360

I don't know if it's the "shut up" but rather the "I don't have a clue what you are talking about." HAHAHA :)

If you think these folks in here trade options, your fooling yourself. They are your most basic mom and pop traders accept for one loser, Rosie O'Dannell.

Quote:

Originally Posted by user34615145

Thanks for the response waldo. I'm guessing from the cricket's chirping folks have decided to opt for "shut up" rather than "put up" and that's understandable given that options are not something everyone is comfortable with and the unpredictability of the stock itself. I have done a little homework which I will share with the group.

Out of the last seven (7) earnings announcement trading days - going back to February 4 of 2014 the sp has fluctuated on an open close basis (didn't check intraday - probably should have) from a max of +$.05 to a minimum of -$.08 for the day of earnings and from a max of +$.03 to a min of -$.06 from open to close on the day after the earnings were released. Combined, the most it increased in any two days following earnings was +$.08 and the most it decreased in the two days following earnings was -$.05.

Therefore, based on this short and very unscientific survey of the past seven earnings calls, your analysis is validated waldo. Assuming the sp closes at somewhere in the mid $3.90's today (and hey,there's still time for a move back to green today - we've seen stranger things happen!) an $.08 move would place the holder (buyer) of those calls at best case of break even. While the writer (seller) of the Puts would probably get put the stock, he/she would either be able to buy back those puts at a fraction of what was earlier paid for them, or own the stock with a true cb (strike price minus put premium) about $.10 below the market price.

Edit #1: FYI, sold Oct23 $4 puts and received $.10 premium. So....we shall see.
10-21-2015, 03:31 PM
midas360

We are waiting ROSIE!?!?! :)

Quote:

Originally Posted by midas360

Rosie O'Dannell (DM) .. Question...

How does a Personal Injury Lawyer who lives in apartment and drives a Dodge Charger spend his entire work day in Sirius Buzz Forum? Do you actually work? Please enlighten us? :)
10-21-2015, 03:33 PM
waldo29

Little attack going on @ 3:30. Need to close @ or above 3.92 or it is a bearish signal.
10-21-2015, 03:35 PM
midas360

Uh oh... not good waldo. Be careful. You may be called a name. :)

Quote:

Originally Posted by waldo29

Little attack going on @ 3:30. Need to close @ or above 3.92 or it is a bearish signal.

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