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If you actually were trading 100k lots, you would make 1k on every penny. Sounds like you have about 10k, which makes it hard to make $ on swings of a few pennies minus brokerage charges. Not worth the stress to try and trade unless you have a bigger chunk of shares. My opinion.Quote:
Originally Posted by Siriusowner
A nice solid close today, just below .51 on less than half the average volume. It sure seems like we're setting that base around the 50 cent mark.
Looks like we had a nice slow day until the end with about 20mil shares at the bell and AH...been away all day and noticed it was slow here and SO was back spouting garbage as usual,don't pay attention to him,he's been here for a long time and bitter he lost his shorts and didn't follow his own supposedly expert trading advice...
Johnny Irish, it was a great day! I like these days when we swing around in a 2 cent range. It really feels like we're establishing a nice base to go up from.
And Sirrius Owner really needs to change his name if he's not interested in our company any longer. But, he is just so damn entertaining! It makes my day when bitterness sets in to folks like that. He seems to have no faith in the future of satelite broadcasting. Personally, I think it has a spot in the marketplace for a long time to come.:)
Hey Candleman,agree with today,we are forming a base for the steady move up just like we did for the .20's,.30's and .40's,we've been averaging .10 every 5 weeks or so since march with some spikes and retraces...
The company is viable and a Monopoly to boot,what's not to like about it..:D
got to run,be back later to check in..
http://money.aol.com/rtn/ap/sirius-x...887?channel=pf
SIRIUS XM Radio to offer $250 million in notes
AP ONLINE
posted: 12 MINUTES AGO
NEW YORK (AP) — Sirius XM Radio said on Wednesday it would offer $250 million in senior secured notes due in 2015.
The satellite radio company said it would use the money to repay debt from Liberty Media Corp. Sirius XM borrowed $530 million from Liberty Media in February to stave off a bankruptcy filing. Last week Sirius XM reported a $157.4 million quarterly loss.
I asked Pluc why the price is up
don't know
couldn't say
he don't like it but I guess things happen that way
bah-doom-bah-doo
bah-doom-bah-doo
(p.s. ya gotta sing this to get it)
here's the melody you need:
http://www.youtube.com/watch?v=J-Wsw...eature=related
:D
I'm not sure if this is good news or bad news.....Quote:
Originally Posted by stang3O2
Here's a question. If we pay back Liberty, do they still have a 40% stake in our company?
YES . . . that is irrevocable! Those shares were "given" in exchange for the loan . . they do not come back to the company . .Quote:
Originally Posted by candleman
This will be good in the long term in that is extends the maturity and secures a lower rate . . we are currently paying 15% . . this should come down to 11-12%
but there will be more capex in Q3 due to the refinancing .. but should not be a huge number like last Q
good work in the corner offices . .
balance sheet is cleaning up nicely
these maturities will be far enough out to be paid with COH
yeah Liberty keeps the 40%. It looks like good news to me, they will be getting a better interest rateQuote:
Originally Posted by candleman
Thanks for the answer Roadkill.
Man, Liberty got a pretty sweet deal!
Yes, that should save (make) us money in the long run. But, what a price to pay for a loan, as far as losing 40% of the company.Quote:
Originally Posted by stang3O2
these are good, solid, prudent business decisions that are being made . .
the Liberty loan was made under extreme duress . . the company is no longer distressed and the debt offering will be very successful
too late to worry about that. it's done and over withQuote:
Originally Posted by candleman
the dilution was factored in when the shares were authorized back in November 2008 . . the major difference is that shareholders thought that those shares would be exchanged for debt or used to pay down debt
shorts killed the share price so bad that the shares were not enough to pay-off debt . . so, gave'em to Liberty to avert bankruptcy
tough price to pay . . . water under the bridge . .
Having been a SIRI investor for many years, it's nice to see some GOOD decisions being made.Quote:
Originally Posted by Sirius Roadkill
I wasn't a supporter of merging with XM, and I still think it really hurt my investment in Sirius.
I'm looking forward to the day when I no longer feel that way.
And, you are right, this is all just water under the bridge!
I hear you loud and clear . . I was confident Sirius would put XM out of business althogether; I had no interest at all in XM as an equity . .Quote:
Originally Posted by candleman
but Candle . . I let the anger go . . what can you do about it now
have to deal in the here and now; can't reverse history
the dream of getting rich on this stock is for those who went all-in at a nickle . . not for me
Would just be happy to see the return of all principal and a little interest for the use of the money these past 5 years . .
have held a 6 figure position since 2004
Roadkill, I just laugh about it from time to time. I average down slowly and it gets a little less painful as the months go by.Quote:
Originally Posted by Sirius Roadkill
I'd rather be investing my current cash in other companies (and I do), but I just keep trying to make it back on this baby.
Since March, I've been able to average down to around 2 bucks a share, but it's nerve racking doing it on 3 cent price swings. I'd much rather be selling candles to women in bikini's at the beach. Yea, I'm living the dream, I really don't have anything to complain about....
I think you could call us REALLY LONGS....:D
I think that would be me. :rolleyes: The boat is leavingQuote:
Originally Posted by candleman
and I am not on it.
Julie