Q4 earnings are expected to be announced before market hours on February 23, 2009

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02-17-2009, 05:39 PM
Siriusowner

Q4 earnings are expected to be announced before market hours on February 23, 2009

Well, the 2/17/09 debt issue is old news. 60% spike close to what I expected.

Q4 earnings are expected to be announced before market hours on February 23, 2009 Estimates- High : -0.06 | Med: -0.066 | Low: -0.08

Any one wants to take a bet ?

I'd say they will be on the High side: -.06 perhaps -.05. If that is the case I expect the stock to trade in .15-.20 range before 2/23 and then spike to .22-.25

ps: I spent close to $1,000 USD on SIRI today. Now I am the proud owner of 5200 shares & 8 naked calls. I sold 32 calls and 20 puts. I have an open order to sell another 20 calls.
Not much, but like I said, I am quite conservative compared to you guys. I will see tomorrow if I spend another grand on SIRI and maybe another one Thursday and another Friday before the earnings. It will all depend on how I feel about it...

ps: I am accumulating cheap Delphi debt also. They'll come out of BK...
02-17-2009, 09:13 PM
JohnnyIrishXM

i;m expecting -.05 to -.046....for Q4 and -03 for Q1 09
02-17-2009, 11:16 PM
m4svt

how much did you make on the puts
02-18-2009, 02:35 PM
Koop

Where did this info come from if you don't mind me asking...
"Q4 earnings are expected to be announced before market hours on February 23, 2009"
I cannot find any mention of a date specific yet.
thanks,
02-18-2009, 04:19 PM
winagain35

Quote:

Originally Posted by Siriusowner

ps: I spent close to $1,000 USD on SIRI today. Now I am the proud owner of 5200 shares & 8 naked calls. I sold 32 calls and 20 puts. I have an open order to sell another 20 calls.

SO - do you even know what a naked call is? This statement certainly implies that you don't. A hint - you don't OWN them... Naked calls are risky contracts that you write when you don't own the underlying equity. Now go google it and come back and act like you know more than everyone else.
02-18-2009, 11:16 PM
Siriusowner

Quote:

Originally Posted by winagain35

SO - do you even know what a naked call is? This statement certainly implies that you don't. A hint - you don't OWN them... Naked calls are risky contracts that you write when you don't own the underlying equity. Now go google it and come back and act like you know more than everyone else.

Do you even know how many shares an equity option contract is ?

Do you even know how much is 800 * $0.05 ? Do you know how far is $0.14 from $2.50 ? Exactly.

Write them ,own them, whatever just a technicallity, you understood didn't ya ?. I own (bear or whatever) the risk.

Why I chose 8 ? I was drunk I guess. Like right now.

ps: I do know more than you and that is what counts. One on one....
02-18-2009, 11:19 PM
m4svt

Quote:

Originally Posted by Siriusowner

Do you even know how many shares an equity option contract is ?

Do you even know how much is 800 * $0.05 ? Do you know how far is $0.14 from $2.50 ? Exactly.

Write them ,own them, whatever just a technicallity, you understood didn't ya ?. I own (bear or whatever) the risk.

Why I chose 8 ? I was drunk I guess. Like right now.

ps: I do know more than you and that is what counts. One on one.

people just have it out for you cause your anti-siri.
02-18-2009, 11:23 PM
Siriusowner

Quote:

Originally Posted by Koop

Where did this info come from if you don't mind me asking...
"Q4 earnings are expected to be announced before market hours on February 23, 2009"
I cannot find any mention of a date specific yet.
thanks,

E*trade. I do not know if they have announced it anywhere else.
02-18-2009, 11:25 PM
Hughes

I think we'll see an official PR sometime tomorrow about the earnings announcement.
02-18-2009, 11:41 PM
Siriusowner

Quote:

Originally Posted by m4svt

people just have it out for you cause your anti-siri.

OK, let me ask you something... I began posting on this forum 4 months ago, back then SIRI was trading above $1.00 and I started yelling, "do not buy, do not buy", was I right ? I NEVER told anyone to short the damn stock.

Am I anti-siri ? or just a self-centered sarcastic republican son of a b...???

Now the minute I switched to be a bullsih SIRI, I started missing my projections and making mistakes... and BTW, Demian, starts telling me that I am wrong !!! Of course I am wrong, I stupidily, jumped to the other side !!!

No more, I am going back to my roots... whether I am called anti-siri or a jerk!! Hey, I make money on the other side, so who cares ?
02-18-2009, 11:51 PM
ray

american made

geez sirius owner

make more than you spend!!!!!

you cant do that every day

that would be called an investment.. novel idea, huh?

just like you and the church lady LOL
02-19-2009, 12:10 AM
m4svt

Quote:

Originally Posted by Siriusowner

OK, let me ask you something... I began posting on this forum 4 months ago, back then SIRI was trading above $1.00 and I started yelling, "do not buy, do not buy", was I right ? I NEVER told anyone to short the damn stock.

Am I anti-siri ? or just a self-centered sarcastic republican son of a b...???

Now the minute I switched to be a bullsih SIRI, I started missing my projections and making mistakes... and BTW, Demian, starts telling me that I am wrong !!! Of course I am wrong, I stupidily, jumped to the other side !!!

No more, I am going back to my roots... whether I am called anti-siri or a jerk!! Hey, I make money on the other side, so who cares ?

You said don't buy at a buck, went to 5 cents- hard to say you're wrong there. But it's easy to see why people dislike your comments on this forum, it's a fan site. Most who like the product and bought the equity because they believe in it and wanna make some money.

Longs have had it very tough, I would know... With SIRI bad news is bad news and good news is bad news. Now I've made money on it being long in '04, but since then I've done nothing but lose money in this stock. Now we thought we were going bankrupt this week and the stock went to 5 cents... Sitting at 14 now, I think its safe to say were closer to a bottom than a top, so good luck with going to the other side (given your small position in the stock, I kinda think you feel the same way...=) ).
02-19-2009, 01:23 AM
winagain35

Quote:

Originally Posted by Siriusowner

Do you even know how many shares an equity option contract is ?

Do you even know how much is 800 * $0.05 ? Do you know how far is $0.14 from $2.50 ? Exactly.

Write them ,own them, whatever just a technicallity, you understood didn't ya ?. I own (bear or whatever) the risk.

Why I chose 8 ? I was drunk I guess. Like right now.

ps: I do know more than you and that is what counts. One on one....

Please...
Writing means selling. You purchased 8 call contracts... for forty bucks plus commission(good luck with that). Those are not naked calls. You may know more than me about some things, but certainly not when it comes to options trading, that much is clear. Cheers, by the way.
02-19-2009, 07:35 AM
trippingthespeculatingpos

Cheer's winagain, cheers!!!!!!!!
02-19-2009, 03:04 PM
Siriusowner

Quote:

Originally Posted by winagain35

Please...
Writing means selling. You purchased 8 call contracts... for forty bucks plus commission(good luck with that). Those are not naked calls. You may know more than me about some things, but certainly not when it comes to options trading, that much is clear. Cheers, by the way.

So you trade options, let me ask you something, who in his right mind, buy SIRI calls, even if they are 5 cents ? They have been there for ever.

You are right, maybe I should have said I "sold" the calls not "bought naked" calls. Hey, to a drunk guy a whale looks like a princess...
02-20-2009, 12:57 PM
Doctor_G

I'm a long time sufferer with this stock. Yeah I know, self inflicted. If not for the ineptness of our govt and the manipulation of the stock (IMO borders on criminal), along with a laundry list of other reasons, things wouldn't be nearly as bad as there are currently. There's no way we should be talking possible NASDAQ delisting and RS. But sadly that's where we are.

I havn't followed any of the last yr or so quarterly reports closely or to any real extent. So I have nothing to judge this next report against. We know the pitiful shape of the economy and we know the auto industry hasn't and won't be churning out any sub numbers to write home about now or anytime soon. So the question is, what does this Q4 report have to offer in the way of anything good?

Hell, through the yrs on average, Sirius quarterly reports have not been real big momentum shifters in SP. At any rate, I've been in and out of this stock (more in then out) for a good 7 yrs. This investment (if one can call it that lol), has now turned into my version of the powerball lottery, and my smart money goes elsewhere.

Since this is now my lottery stock, I've decided to start buying at these prices. Question is, should a person wait till after this Q4 report or should they look to buy possibly around .12 or so now? Yeah, I know, there's no crystal ball to peer into the future, but maybe somebody has little bit of meaningful advice out there they are willing to share.
02-20-2009, 01:50 PM
winagain35

Quote:

Originally Posted by Doctor_G

I'm a long time sufferer with this stock. Yeah I know, self inflicted. If not for the ineptness of our govt and the manipulation of the stock (IMO borders on criminal), along with a laundry list of other reasons, things wouldn't be nearly as bad as there are currently. There's no way we should be talking possible NASDAQ delisting and RS. But sadly that's where we are.

I havn't followed any of the last yr or so quarterly reports closely or to any real extent. So I have nothing to judge this next report against. We know the pitiful shape of the economy and we know the auto industry hasn't and won't be churning out any sub numbers to write home about now or anytime soon. So the question is, what does this Q4 report have to offer in the way of anything good?

Hell, through the yrs on average, Sirius quarterly reports have not been real big momentum shifters in SP. At any rate, I've been in and out of this stock (more in then out) for a good 7 yrs. This investment (if one can call it that lol), has now turned into my version of the powerball lottery, and my smart money goes elsewhere.

Since this is now my lottery stock, I've decided to start buying at these prices. Question is, should a person wait till after this Q4 report or should they look to buy possibly around .12 or so now? Yeah, I know, there's no crystal ball to peer into the future, but maybe somebody has little bit of meaningful advice out there they are willing to share.

Hey Doc,
In my opinion, the Q4 numbers could be a doubled edged sword. I expect that the loss per share will beat expectations and that the company will report positive free cash flow, upwards of $50 mil.

But, with the auto industry in the tank and no end to the downturn in sight, I'm worried that the projections of '09 might have to be trimmed... So, I can't see that forward guidance will be all that encouraging. And I wouldn't be surprised if they don't give ANY guidance.

That said, the stock is still acting as if the company is completely dead... so if Mel can give us any good news(perhaps concerning the May debt) - maybe we'll see some sustained movement up.