Printable View
Bottom line is when the powers to be want to unleash the sp they will. Until then its gonna be same shit different day. Sure Maffie can say he can be patient while siri buys backs shares and increase his ownership to 70 or 80 percent over the next few years. Something tells me tho....he wants it fast than that.
EDIT 1, until they unleash the sp...trade it for a few pennies each time grab a few hundred here and there. Rinse n repeat. its all you can do.
haha...3.88 gotta love it.
As with the aftermath of every quarterly report, I am once again thoroughly disgusted. It is becoming clearer to me how Sirius is a great company, cash cow, bright future etc... but as an investment, is perpetual disappointment. I don't buy the Liberty suppressing the sp conspiracy. Certainly they aren't helping much to drive it up but If they were able to completely control the price, Midas would actually appear to be a genius with his 2.75 target as it would certainly be trading there. I believe that Sirius is merely a cash cow that is being exploited and milked dry by liberty to fulfill their agendas. I don't think there is any excitement about Sirius as its own entity but rather what Sirius can do to further the cause of Liberty media.
My new prediction. $3.80 by next week than trading in a 10ยข range in either direction thereafter until the end of the quarter where we get teased again with a $4 ceiling. Just speculating based on past behaviors.
Edit: putting my money where my mouth is and just put in a GTC buy order of 50k shares at 3.72.
Thinking of buying 10K right here for $3.87 and then selling the Sept $4 covered call for $.10...that's a $.23 gain in six weeks (50% annualized gain) if it exercises.
Thoughts anyone?
I believe it's being manipulated. What was the original offer again before they pulled it off the table? This is nothing much more than an ATM machine for everyone. Maybe they are setting it up for a possible take over. I don't know but BDP. I have to say... I agree with you on the "extreme macro pressures" comment. Good companies get neglected when the economy isn't doing well. If it goes down, average down or write some options (September, October, etc..)
Quote:
Originally Posted by bdp.
Are you f'ing kidding me????? Are you over my shoulder right now? That's what I was looking at it while writing to BDP.
Edit: The only difference is I own 10K at a little bit higher CB.
Quote:
Originally Posted by user34615145
@Denco... this is actually a very good idea. Have you thought about this while you are waiting?
Quote:
Originally Posted by user34615145
Of course it is being manipulated, but not with the methods or to the extent we suspect. Sirius still has such deep wounds from years of abuse that it will take many more quarters like the most recent to even partially heal them. What Liberty is doing is merely keeping the wounds open and in plain sight. ( and now adding their own week messes into the mix) That is enough to get most to steer clear or completely throw in the towel which will keep them gliding on their path toward their agenda of 100% ownership at a bargain price. And let's never forget that ridiculous multi billion share float. I know I have been conveniently ignoring that elephant in the room!Quote:
Originally Posted by midas360
You make some excellent points. I think we all have been dancing around it. :) Keep posting this kind of thought/info...
Quote:
Originally Posted by bdp.
Looks like I missed my opportunity with the VIX....over 14 today. Up 16% in a day. Oh well, maybe next time. :confused:
Note to self: next time the VIX is bumping up against 12....BUY INTO THE DAMN THING!!!
Well we really don't need to worry bout that now do we? ;)Quote:
Originally Posted by bdp.
Anywhoooooo....just gotta go play the cards when and how they are dealt guys. Is anyone really surprised? if ya are....maybe you need to sell and move on to greener pastures.
Had not but it sounds pretty reasonable. Don't do options but at some point will experiment. Trade sounds pretty solid.Quote:
Originally Posted by midas360
Well the price has moved up to 3.91 and in the meantime the Sept $4 call has moved down to about $.06. I may put a buy/write limit option out there and see if it fills but I doubt it will.Quote:
Originally Posted by denco1
Can you elaborate on this a bit more please.....options novice here.Quote:
I may put a buy/write limit option out there
A strong close to the weekend today and tomorrow would be nice...
Attachment 1401
Siri actually showing BigBalls for a change this week and especially today with the market and media stocks in particular taking it on the chin.......lmca and lbrda making big comebacks as well from their lows of the day.
Decent volume too.Quote:
Originally Posted by denco1
Only thing thats gonna put us over 4 is BIG news!
Quote:
Originally Posted by denco1
It's just a fancy options-trader way of saying I'll put a limit order in to buy the stock at $3.88 and then put in a $.10 buy limit order on what would be a Covered Call (because I now own the stock it's "covered" should it hit $4 and get called away from me vs. a "naked call" if I did not own the stock).
Some systems, such as mine allow you to do that in one combined transaction. Some systems make you do it in two separate transactions. If I do it, I may just run two trades anyhow because the chances of me getting a $3.88 purchase on the stock AND an $.10 sale on the call are pretty slim from the looks of it (As the price of the stock goes down, so does the price of out of the money calls). For example right now, at this moment the stock is trading at $3.92-$3.93 on the bid/ask and the Sept $4 calls are going for $.06-$09 on the bid/ask. So the best I could hope for right now would be to catch the $3.92 bid on the stock and the $.09 ask on the call and so my profit if exercised would be only $.17 instead of the $.22 I was looking at before.....I dunno if I misread that before or if it really moved but that's a big difference....enough difference that I probably won't do it.
Oh, here it is....I DID misread it....I must have been looking at the October $4 calls. They are going for .09-.10 on the bid/ask.