Ok My prediction is that it gets up to at least 1.25 by 02/26/10, how is that.Quote:
Originally Posted by proactiv
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Ok My prediction is that it gets up to at least 1.25 by 02/26/10, how is that.Quote:
Originally Posted by proactiv
Thanks for thinking of me shivering here. ;) If I remember right isn't your fam from there?Quote:
Originally Posted by proactiv
Julie
Maybe you are correct. One thing I am feel good about is any retrace will not go down as much as it's gone up. I don't think we'll go back to the 80's, but you never know. New resistance will come from this.Quote:
Originally Posted by proactiv
That tool has been railing on Sirius for a year now in the blog posts and we have now arrived at the dollar mark that he said would never come. Raise your glasses everyone. A toast to the biggest moron on Sirius Buzz.....boo boo! :D
You have a great memory Julie. Yes, my mother and brother are there. I was up there two week ago looking at assisted living facilities for mom - she's 87 years old and can't go on without some limited help..Quote:
Originally Posted by julietoo
I might be back up there again next month as well, to help her get some stuff moved.. Maybe the snow will be gone by then?
It's nice looking at my largest block of shares @ 18 cents being up some 419%
:clap:
I still have a ways to go though before black.
A whopping 184M volume today.. and a sweet gain. Uptrending too in the early aftermarket. Wow.
OK, we are locked in now for the Costa Rica Sky House contest.
Here are the guesses for the share price on 12:00 noon Friday.
Good luck all!
crews1 - 1.050
just sirius - 1.020
Skivail - 1.000
candleman - .960
proactiv - .930
airman - .925
SiriuslyLong - .900
You are sittin' pretty right now..Quote:
Originally Posted by crews1
Sirius XM Shares Jump As Worries Of Stock Split, Delisting
3:32 PM ET 2/17/10 | Dow Jones
By Kerry Grace Benn
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Shares of Sirius XM Radio Inc. (SIRI) hit levels not seen since September 2008 as concerns have abated about a possible reverse stock split or delisting of the shares.
The satellite-radio company's stock was up 12% at $1.07 in recent trading, after moving as high as $1.15 earlier in the day. The stock has surged since hitting 5 cents last February, when the company was exploring a bankruptcy filing.
Sirius has gotten back on track since it got a $530 million capital infusion from Liberty Media Corp. Improvements in vehicle sales from multi-decade lows have also helped the company. A few weeks ago, Sirius put free cash flow at over $100 million for 2009, a year that was capped with the addition of more than 257,000 subscribers in the fourth quarter.
Stock markets generally require companies to meet a certain minimum market capitalization and to keep their stocks over $1 for continued listing.
Sirius had no problem meeting the minimum market cap requirement, Gabelli & Co. analyst Brett Harriss said, as it has about 3.9 billion shares outstanding--or about 6.5 billion on a fully diluted basis because of preferred shares.
RBC Capital Markets analyst David Bank said there had been concern that the stock was up against a deadline, and if it wasn't above $1 a share for 10 consecutive trading days by a certain date it would be delisted, would need a waiver or would have to reverse split.
There's also less opportunity to short the stock because it's less likely to reverse split, he said.
But Wunderlich Securities analyst Matthew Harrigan said it was unlikely the stock would have been delisted because its market cap is so big, and that Nasdaq would have given it waivers. Eventually the company may do a split, he said, but he thought concerns about an immediate split to keep the stock listed were overblown.
When the company reports earnings next week, Harrigan said investors should look at the company's ability to control costs.
Gabelli's Harriss said the stock is still expensive even at $1, but now many mutual funds that aren't allowed to own anything worth less than $1 can jump in, and many growth funds will want to, because the company's growth prospects are good, he said.
-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; kerry.benn@dowjones.com