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Keysmark,Quote:
Originally Posted by Keysmark
Good morning....
It doesn't mean the shares were purchased yesterday - it's just when they were reported. There is no way to know when the shares were actually purchased or if they have been sold since then.
Rally today as shorts cover prior to Conference Call.
I, too, am not a financial advisor. I just have nothing better to do with my life than watch this stupid stock.
You are correct. But it does show that the most recent institutional activity is to the buy side.Quote:
Originally Posted by Demian
It also shows that institutions CAN buy this stock under $5.00
Keysmark,
I agree with you that it is a positive...
Wow!
AAPL is getting killed today.......just broke $96.
Demian, Have you noticed the relatively big spread between the bid and ask today: Currently .2819 to .2839.
I have noticed that.......I think it's going to move today.Quote:
Originally Posted by Keysmark
Needs to break .29..........
Pivot Table
R2 - R1 - Pivot - S1 - S2
0.37 0.32 0.29 0.24 0.21
SNPMarketScopeResearchNotes2008-11-06 11:16:11.000SIRISIRIUS XM RADIOT. Amobi - CPA, CFAS&P MAINTAINS BUY OPINION ON SHARES OF SIRIUS SATELLITE RADIOSIRI sets its most detailed post-merger L/T financial targets yet, with annual forecasts for next 4 years. For '09 through '13, it sees subscribers of 20.6M growing to 28.4M, revenue of $2.7B-$4.1B, adjusted EBITDA of $0.3B-$1.5B and free cash of breakeven-to-$1.4B. We note '09 implies unit deceleration from SIRI's prior view, not surprisingly attributed by SIRI to sharp auto sales slowdown. But we think enhanced L/T visibility bodes relatively well for ongoing merger integration. We see potential overhang from debt refinancing, with Q3 results set after market close Nov. 10.|US;SIRI|20706|253970
I think this is good news. This basically tells me that all the bad news are already priced into the stock. Am I right ? unless they underperform ?
http://seekingalpha.com/article/1047...o?source=yahoo
Earnings Preview: Sirius XM Radio
November 07, 2008 | about stocks: SIRI
http://app.quotemedia.com/quotetools...lse&chton=some
Sirius XM Radio (SIRI) is expected to report Q3 earnings after market close Monday Nov. 10, with a conference call scheduled for 4:30 pm ET.
Guidance
Analysts are looking for a loss of (9c) on revenue of $587.41M. The consensus range is (13c) to (7c) for EPS, and revenue of $509.61M to $618.9M, according to First Call. On November 6, the company said that current economic conditions, particularly the dramatic and recent slow down in auto sales, have negatively impacted subscriber growth for 2008 and 2009. The company expects to end 2008 with 19.1M subscribers and end 2009 with 20.6M subscribers. The company, which forecast FY09 revenue $2.7B vs. First Call consensus of $2.01B, said it remains confident in its revenue and Adjusted EBITDA guidance for 2008.
Analyst VIews
Barrington Research analyst James Goss says that the biggest issue weighing on the stock is the threat of refinancing debt in "hostile market conditions". While the company appears "confident," Goss says "it's not entirely under their control". The company, facing $1.1B in loan repayments in 2009, is looking to replace 2.5% convertible notes due next year.
Aside from the troubled auto industry, Sirius has also been hit hard by competition from other media and a slowdown in consumer discretionary spending. Merrill Lynch analyst Jessica Reif Cohen believes between the auto market and the credit market, the company has real challenges ahead, but if the company is successful in renegotiating its debt and if auto sales should turn around, she and other analysts could be more optimistic on the stock.
Pretty light volume today. Only 25 1/2 million shares traded with 1 hr & 15 min to trade.
Some have speculated that the reason the Co. released their 5 yr guidance now is because they are in discussions with a potential financier and that info has to be made public to everyone at the same time.
I think this is extremely important because I remember Mel stating that he does not give guidance.
My hope is that with the info they received, the possible financier has made a decision to refinance the Feb converts and it will be announced at the CC.
Demian, you are right.
It's lonely on this board. Besides you and me, there was only one comment all day from another poster. It's like talking to yourself.
I don't usually post much, but I tried to help you get things going here. It looks like it's not going to work, so I am out.
Good luck,
Keysmark
Thanks Keysmark,
I stepped out for a little bit to run some errands, thanks for trying to help out.
If you build it - they will come.......
I have been trying to keep this intraday discussion thread flowing until more people get on board.
It's got to start somewhere.....
Its called people actually work for a living. Most people dont have the time nor want to be here 24/7:out:
Sorry,
I just didn't have much to say today. I'm at a crossroads going into Monday. I want to be hopeful and positive but we should have seen a run-up today if things were looking good for Monday.
Unfortunately, insiders always know first and many times act on it. No action means???
I'll stop in once in awhile.Quote:
Originally Posted by GetItStraight
Have a nice weekend everyone.
The DOW closed up huge today with a rally into the close.......
SIRI bashed down again by the powers that be to close flat @ .26 on volume of 45.2 million.....
Will this crap ever end?
http://www.electronista.com/articles...its.sat.radio/
electronista
11/07/2008, 4:10pm, est
friday, november 7th
Directed announces split with Sirius satellite radio
Directed Electronics announced earlier this week that it will leave the satellite radio market, ending its agreement to act as Sirius satellite radio's exclusive retail distributor as of January 31st, 2009. The company says this is due to the softening market for the subscription-based service and, along with Sirius XM's more than $1 billion in debt, is calling the agreement an unfavorable "risk-reward tradeoff."
As part of the dissolution, Sirius XM will buy back Directed's satellite radio hardware stock in the first quarter of next year and assume all responsibility for all product returns and warranty issues submitted after January 31st. Directed currently has about $27 million in Sirius inventory, according to DEI Holdings CFO, Kevin Duffy.
According to Directed parent company DEI Holdings president and CEO, Jim Minarik, Sirius is planning on selecting a new distributor. Sirius XM is going to fall short of its earlier projected subscriber numbers at the end of 2008 and 2009, by about 400,000 and 900,000, respectively, from 19.5 and 21.5 million.
Directed became the primary retail distributor for Sirius Satellite Radio well before the latter company's recent merger with XM back in 2004. Directed will now focus on its core brands, including Viper, Clifford and Python.
If inventory is mostly radios, then DEIX has perhaps 250,000 old radios (SIRI only with best of capability) to pawn off on SIRIUSXM. I wonder how either company could get that far off the mark WRT unsold inventory.
SIRI should give these radios away free with paid subs. There's a lot of inventory to move out along with new lines yet to be introduced. Anyone seen any SIRIXM holiday displays yet? I haven't.