Well................... thought I might be able to sell some siri at around .399 AH, and some FNM at around .749 AH but................ I can see it is not to be today. Oh well there's always lucky friday. Will throw the dice again tomorrow. killer.
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Well................... thought I might be able to sell some siri at around .399 AH, and some FNM at around .749 AH but................ I can see it is not to be today. Oh well there's always lucky friday. Will throw the dice again tomorrow. killer.
Hi Everyone,
I have been reading the threads for awhile now and decided to jump in the mix. I think this is a great website and since I am long in Sirius it is a valuable tool to make myself feel better when the stock gets hammered. :)
Hat's off to all those who believe Sirius will shine.
Quote:
Originally Posted by audiciter
Exactly! The market will determine if this is true or not. If they report a big loss in subs, then perhaps it's true......recession causing people to cancel and otherwise interested potential subs not spending the $ to subscribe. But, as the economy starts to emerge, which it is, I bet there's more chance for subscriber growth to get the great SIRI content.
This is hilarious...what a dweeeb!Quote:
Originally Posted by Brandon Matthews
Welcome to Siri group hell. Glad you decided to join us rather than spend eternity there alone!Quote:
Originally Posted by CharlestonXM
Yes, I agree John. I trade other spec stocks. Look at the chart of SYNM from 3 months to now. That is why I never sold a share of that stock until it hit my target sell prices. You see how jerky it is. And then, all of a sudden off no news, it explodes. It was very unchartable for the short term, but if you see what even that chart was doing, you can see a pattern within the manipulation. It tends to track oil prices but it lags them. When I discovered the metrics on how SYNM was trading, I felt I had won the battle. Wait for oil to explode up(done), wait... wait for it.... wait... Then bam. Boom boom boom goes the dynamite. Made a 1 bagger of my low shares, and a profit on all shares bought now. But I did find charting it helpful anyway. That stock is more of a spec play, as its not fully operational, and its low volume. Sirius with its higher volume, and now trading AWAY from BK, it is a tad more predictible now, but still must be treated as a stock that can go south quickly. I will reinstate ideals we have discussed months ago. I think a few people might be getting a little too risky with DOLLAR AMOUNTS on this stock. When I say Im holding a full position, I mean the full amount im willing to risk on a spec stock. GM is a spec stock someone mentioned in a way now. This is true. Usually you dont think of long standing traditional companies that way, but this market has given us scenarios never seen before so.... I guess any stock(worthless paper in the grand scheme of things) is risky.Quote:
Originally Posted by john
If you see by my other listed holdings, what I think of traditional companies with the balance of my portfolio. I am basically simply tracking gold, grains, and natural gas prices. A lot less risky to me than holding GE, or MSFT, or GOOG right now.
Relmor. I had a position in synm a while ago. I did ok but I got very lucky. Be careful with that one.
They have a large shelf offering filed and every so often they use part of it. It seems to be their source of revenue right now. I love the concept, and they are always on my radar, but that damn shelf sits there taunting me.
In fact, it turns out they just filed another one a few weeks ago...
Underway, I know that the article seems that way on the surface but he has been bashing sirius for a while. Here is his article from Feb 11th. Does this sould objective?Quote:
Originally Posted by underway
Sirius investors: You get what you deserve
Today's Financial News - Posted February 11, 2009
All betting is closed. The news is out and Sirius XM Satellite (NASDAQ:SIRI) shareholders are losing big. Shares of the shaky-at-best company are getting closer and closer to becoming worthless. Bankruptcy is now in sight. Who could have imagined?
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): Oh my, shares of Sirius XM Satellite (NASDAQ:SIRI) are plunging today on news of a possible bankruptcy filing. Who would have ever been smart enough to foresee such a horrible event coming? The company only had a billion dollars in debt due over the next year. That’s nothing compared to the banks.
Uncle Sam could easily step in and erase a few of those zeroes, right?
Putting all sarcasm aside, I do not feel even the slightest bit sorry for investors wasting their money on this company. Analysts and experts have been screaming for months it was a dangerous crap shoot that would cost investors dearly, yet wildcat investors continued to aim for the fences.
It looks like they are about to strike out.
Shares of Sirius are down by about 40% (from $0.11 to $0.07) at the moment on news the company’s officials are mulling a bankruptcy filing. Whether the rumor is merely a back-handed ploy to get Charles Ergen and his EchoStar (NASDAQ:SATS) to step to the plate or if a bankruptcy truly is pending is beside the point. What matters is shareholders are about to get the rug pulled out from under them.
Short sellers are getting the news they yearned for. Only one other stock, Ford (NYSE:F) has more shares sold short. But you can bet with shares plunging ever closer to the critical zero level most sensible investors have been predicting, those shorts are going to lock in their profits and run. In fact, their buying to cover their positions is likely the only thing keeping shares from all-out devastation today.
Finally… the end
Going forward, what does this all mean for investors? First, it means all betting is closed. The speculation can come to an end and the losers can go home with their tail between their legs… finally.
But more importantly, Sirius’ trouble sends a message throughout Wall Street and Main Street that junk companies with huge debt and shaky-at-best business models are not going to make it through this crisis. In other words, if you are speculating and taking big risks, you are going to lose.
If you continue to place bets on Wall Street, especially in this economic environment, you might as well burn your money. If you want to gamble, go to Vegas. It needs the business.
There are plenty of money-making opportunities out there if you do your homework, TFN’s and HSC’s portfolio proves it, but if you are not willing to do the work needed to succeed and instead merely invest with the herd and the headlines, you are going down.
I am glad the debate surrounding Sirius is about to come to an end. Now I do not have to hear and read the excuses and whining about the company’s management and the problems with “shorts” driving the company into the gutter.
Sirius was a shaky company during a booming economy. Now that the economy is drowning in pain, satellite radio is doing exactly as we said it would. Crash and burn.
Yes. Ive sold already just over half of my position. I will ride the rest out. I have set my sell target on those shares at $2.65. They also sell technology too Brandon. Its own by Haliberton. Good bosses. They are "in" definately. :) Should have bought it at .68 cents when they were giving it away. I wouldnt add here, no way. Your right, could go back under $1 soon, who knows.Quote:
Originally Posted by Brandon Matthews
That's about when I bought it and it ran to nearly 3.00. Then I was blindsided by dilution which ran it down but I managed to get out near 2.00.Quote:
Originally Posted by relmor2003
They have a lot of positives. The plant they are building, the current administrations plans, the military contracts. Their merger of sorts with Tyson.
AS long as they are diluting, I'm going to wait.
No, but like I said, don't really care. This particular article of today didn't have bias in it as far as I'm concerned. Besides, I just read the articles as they appear, not really interested in researching their past stuff. Don't get me wrong, if I see the prior stuff, I may click on it to read it. But, I don't care if the author has bias when it comes to this stuff. All I do is read it for any info that I can use to form my own view or make my own decisions. I guess it's like reading op-ed pieces in the media. I read both sides. I learn something from both, even though there's obvious bias. Bottom line here is no one with any financial weight is basing their decision to buy, sell, or wait on SIRI, on anything they're seeing from all these unknown people expressing their views. They may read the stuff, maybe not. But no way they will make an investment decision on these articles, good or bad about SIRI.Quote:
Originally Posted by bananaz
lQQk at this BS in AH....
After Hours Trade Reporting
Pre-Market Charts | After Hours Charts
After Hours
Last: $ .35 After Hours
High: $ .3619
After Hours
Volume: 1,364,285 After Hours
Low: $ .33
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18:29 $ .35 5,370
18:26 $ .35 2,000
18:24 $ .35 1,000
18:22 $ .3549 7,200
18:03 $ .351 6,400
18:02 $ .3549 5,000
17:58 $ .33 100
17:58 $ .35 100
17:57 $ .36 100
17:55 $ .35 30,728
17:55 $ .35 10,850
17:55 $ .35 1,500
17:52 $ .35 5,000
17:51 $ .35 8,000
17:49 $ .35 2,200
17:48 $ .35 10,000
17:34 $ .35 800
17:18 $ .35 687
17:01 $ .35 2,300
17:01 $ .35 700
16:59 $ .35 100
16:52 $ .35 850
16:43 $ .35 100
16:43 $ .35 2,900
16:42 $ .35 100
16:42 $ .35 2,900
16:41 $ .35 100
16:41 $ .35 5,900
16:41 $ .35 15,000
16:39 $ .35 200
16:39 $ .3595 12,952
16:34 $ .35 3,000
16:34 $ .35 15,000
16:31 $ .35 19,000
16:29 $ .355 215
16:23 $ .35 5,000
16:23 $ .35 5,000
16:23 $ .35 5,000
16:22 $ .35 12,000
16:21 $ .35 11,000
16:21 $ .35 4,600
16:20 $ .35 100
16:20 $ .35 1,900
16:13 $ .35 100
16:13 $ .35 700
16:11 $ .3619 193,400
16:11 $ .35 2,000
16:11 $ .3519 145,900
16:10 $ .3405 1,100
16:10 $ .3405 900
16:10 $ .3619 746,233
16:08 $ .35 1,000
16:06 $ .3513 50,000
3 huge trades over .36 and one as low as .33...what kind of manipulation is that?
Some good points looking forward
1) Access to 7 million Iphone users = $$$$ (the new app release should be close).
2) Cost Saving Synergy's from the merger are still being realized.
3) Integrated in the Roku set top box.
4) Renogotiated Contracts.
5) Direct TV package deal.
6) Insiders will buy soon.
7) Baseball Season is starting (Hopefully will be included as part of "Best of XM" on Sirius anyday now).
8) The Mirge radio just came out (great radio to try either service out or both).
9) Internet advertising is everywhere.
10) Multiple tier pricing available.
11) 128k internet stream.
12) Just upgraded to .50 short term, $1.25 long term (More will follow).
13) Over 2.5 Billion in Revenue and growing.
14) Over 300 million positive EBITDA projected for 2009.
15) New Satellite to be launched on June 29,2009 for improved signal.
16) The "Best of" Sirius & Xm pkgs are doing well, which obviously increases revenue.
17) Better than expected car sales just announced.
18) Pocket Tunes will stream Sirius or Xm on the iphone for those who can't wait till the official app is released.
19) Pandora & Slacker battle in court over royalty payments.
20) Clear Channel possible Bankruptcy.
21) Uptick rule coming back, as well as M2M changes.
22) Over 19 million subscribers and growing.
Quote:
Originally Posted by Brandon Matthews
Thanks for the install rates Brandon!
Sorry to hear that.Quote:
Originally Posted by exilejeff
Unfortunately, no. WIFI is a different wireless standard and requires handshaking between the device (radio) and the access point (antenna), meaning a frequent two way 'conversation' between the devices. Satrad is a one way transmission from sat to radio antenna. I also think the data packets are formatted differently as well. However, I also believe that the one way aspect of satrad makes it simpler and less vulnerable to problems WIFI has.....having to re-authenticate to the access point when signal drops, or as you move to another hot spot. Anyone who has used WIFI with their laptops has experienced this. Pain in the ass. That's why I don't believe WIFI music streaming is a threat to SIRI, because it really isn't practical for car use, but Sirius content is available to WIFI devices via Sirius internet streaming.Quote:
Originally Posted by SiriusXMInvestor
20. As explained by Homer will not happen 1.8 billion in cash.Quote:
Originally Posted by Beach Gambler
What about the repeaters?Quote:
Originally Posted by underway
The Sat transmits and the repeaters receive the signal from the radio.
Current radio's probably can't do it, but future ones?
Pundits are expecting a net loss for the first time in history of saturday radio. All othe sub companies like cable are reporting net loss. If siri can report a net gain in subs look for good news. Car companies reported more sales than expected. Bank stock are leading the way with 50% gain over lows. It looks like market sentiment is in the beginning stages of determing the market has bottomed. Cramer said today the market has bottomed for whatever that means. He does command the joe 6 pack retail buyer.