SIRI Intraday and Weekend Friday 6-26-09

Quote:

---

Originally Posted by bassmaster

if there were stop losses triggered, in the same fashion limit buys could have also been triggered.. anyone here slick enough to have a low buy order? brag posts anyone?

---

I have one - posted earlier:

I had sold my shares at .45 about mid-day, then was having a condition all day watching it trade between .46 - .47 thinking it may just close strong with me left behind. When at about .47, I had a buy in at .45 again, then kept backing it off to the point where I pulled the bid at .42, then changed to .41, then right before that big drop I tried to cxl my .41, but it executed.

I saw the trades go off at .36 and then split second later at .45 & wasn't sure I really bought & at what price, but it turns out to be .4005 off a .41 limit order.

But I got lucky, anyone that had a limit sell at .37 just got screwed bad, especially with it back at .44.

Quote:

---

Originally Posted by imromo24

f all this bs, did anyone notice Rosie is #3 on the yahoo search board right now?? could that have caused this, did she get paid in shares?

---

Not that I know of... and she STILL hasnt announced her move on her own blog http://www.rosie.com/blog/default.aspx YET she has posted about some damn bird she found. What the hell Rosie?

Quote:

---

Originally Posted by Siriusowner

They are supposed to do the matching smoothly. The short squeeze occured over the last few days, not in the last minute of trading today. The blip today was manipulation.

---

And with a gap now at .36, there may be some more goofy shit happening Monday morning at any time. If there's gonna be a move up for good, the gap at .36 will be filled, sooner or later most likely. And if it doesn't move up for good any time soon then, .36 here we come again anyway. lol

Quote:

---

Originally Posted by underway

Yes, I do. The plausible reason for this drop was the Russell rebalance as others said. Huge amount of shares dumped. Someone else posted that people put sale in with ask of .42, and then MM's match it with .28. That is BS. If you put in order at .42 with 'all or none', or no limits, then it will sit if there's no bid at .42. But, when these huge dumps happen, how do you know they didn't put in sell at .42, with lower limt down to say .32, knowing that when the huge order to sell goes in, buyers will be scarce at the higher price. So, they are willing to average the sale to unload the high vol of shares, take whatever they can on the way down to their lower limit.
Sorry...I don't buy this manipulation argument for every thing that happens to this stock. I'm not saying there isn't any. I'm not smart enough in this stuff to say that. But, I'm sure not buying that every time we take a hit, it's because some conspiracy is behind it.

---

Look, the MM's can see the stops.... the stock had a run in the last few days... many trailing stops and regular stops were placed... do the math...

On the other hand, they needed to rebalance their books....

How much weight does SIRI have on the Russell ? Who came up with that ? I doubt they were trying to rebalance the Russell... show me other stocks in that index with the same blip.

Quote:

---

Originally Posted by bullsirius

http://www.fool.com/investing/small-...else-does.aspx

got this yesterday and didnt read it.

feel like and idiot after the last minute trades now.

at least i know what a "swing trade" looks like now!!!!

---

as much as many on this board hate motley fool, this particular article was spot on to what just happened. As a matter of fact, of all the hundreds of pieces I've read about this stock, this one article accurately predicted the outcome we saw today as a result of the Russell rebalance.

Quote:

---

Originally Posted by SiriusBuzz

Not that I know of... and she STILL hasnt announced her move on her own blog http://www.rosie.com/blog/default.aspx YET she has posted about some damn bird she found. What the hell Rosie?

---

i know i was just there looking at the damn bird post...wtf rosie:rolleyes:

jk about rosie being the stock move, but it was interesting to see she is hitting the search lists..

yeah underway is correct, this was just the russel indexes rebalancing, will be business as usual next week hopefully.

Quote:

---

Originally Posted by Siriusowner

Look, the MM's can see the stops.... the stock had a run in the last few days... many trailing stops and regular stops were placed... do the math...

On the other hand, they needed to rebalance their books....

How much weight does SIRI have on the Russell ? Who came up with that ? I doubt they were trying to rebalance the Russell... show me other stocks in that index with the same blip.

---

BBI did, dropped fast and now back up

bbi got hit alot worse than we did actually. if we hold .40's after this very positive

Quote:

---

Originally Posted by Siriusowner

Look, the MM's can see the stops.... the stock had a run in the last few days... many trailing stops and regular stops were placed... do the math...

On the other hand, they needed to rebalance their books....

How much weight does SIRI have on the Russell ? Who came up with that ? I doubt they were trying to rebalance the Russell... show me other stocks in that index with the same blip.

---

Good question....I don't know.....but that would be a good one to chase down. I suppose if all of the stocks on Russell dump list didn't take a major hit, and just SIRI did, then perhaps there's something else here. But, there is also an unknown.....how many shares are held in each of those dumped stocks by those wedded to the Russell Index? And, how widely held is each? All rhetorical questions.....I have no clue!:)

Quote:

---

Originally Posted by S50Fan

And with a gap now at .36, there may be some more goofy shit happening Monday morning at any time. If there's gonna be a move up for good, the gap at .36 will be filled, sooner or later most likely. And if it doesn't move up for good any time soon then, .36 here we come again anyway. lol

---

I never want to try to predict what this stock will do, but my guess is that the big positions were taken for the Russel rebalancing and there will not be another retracement Monday. I have some powder dry, so I will buy more if I see a drop to .41 - .42 area on the open. Opens higher by 3-5 cents from the .44 we're trading now & I'm selling and waiting for a new entry.

Side note: sirius xm iphone app dropped to #4 or the #4 app went to #3, depending on how you look at it.

actually bbi would probably be a good buy right here

The way I read the NASDAQ link about the Russell Rebalance is that it is based on the *closing price* of today, June 26.

So, all the shares that have moved in AH are most likely related to the rebalance.

But the 140 million shares that moved in the last 2 minutes of trading today? That absolutely had to be a planned move by someone, market-maker or not. I personally believe it is a major, major short being removed off our backs. IMHO.

It sure was wild to watch...

Sorry guys for asking "stupid questions", but you are all more intelligent with investing than I!

If this really was just to do with the Russell index then we shouldn't really expect anything different next week?

However some have posted about shorts covering and a gap being filled, which in my opinion would mean this stock is heading further north and soon?

Lol, which is it?

Thanks everyone,

:juggle:

the volume is still insane AH yes? I see many 20k plus trades.

Quote:

---

Originally Posted by Siriusowner

Look, the MM's can see the stops.... the stock had a run in the last few days... many trailing stops and regular stops were placed... do the math...

On the other hand, they needed to rebalance their books....

How much weight does SIRI have on the Russell ? Who came up with that ? I doubt they were trying to rebalance the Russell... show me other stocks in that index with the same blip.

---

Yes, it was a rebalance. Check out BBI, it was also removed from the Russell... or FNSR, or FNM. They all did almost the exact same thing.

Quote:

---

Originally Posted by underway

Good question....I don't know.....but that would be a good one to chase down. I suppose if all of the stocks on Russell dump list didn't take a major hit, and just SIRI did, then perhaps there's something else here. But, there is also an unknown.....how many shares are held in each of those dumped stocks by those wedded to the Russell Index? And, how widely held is each? All rhetorical questions.....I have no clue!:)

---

I've checked other deletions. You are correct, the blip was caused by the Russell rebalance. Perhaps some hedge funds rebalancing their books.

Quote:

---

Originally Posted by winagain35

Yes, it was a rebalance. Check out BBI, it was also removed from the Russell... or FNSR, or FNM. They all did almost the exact same thing.

---

I did. Hedge funds not MM's then.

Quote:

---

Originally Posted by GoHerdGreg

The way I read the NASDAQ link about the Russell Rebalance is that it is based on the *closing price* of today, June 26.

So, all the shares that have moved in AH are most likely related to the rebalance.

But the 140 million shares that moved in the last 2 minutes of trading today? That absolutely had to be a planned move by someone, market-maker or not. I personally believe it is a major, major short being removed off our backs. IMHO.

It sure was wild to watch...

---

Yes, by hedge funds.

I was unaware of the Russell rebalance today. I have been working on a marketing plan for my boss all month and only been checking this stock ocassionally. I initially though it was the MM's but now I know it was Hedge funds, not institutional investors but hedge funds... why ? Some sold the deletions and bought additions... however the reverse performers (the ones that bet against the performance of the index) may have done the contrary.... I know, it gets complicated... more if they hedge against movements with the RUT.