Level 2 action today, if anyone wants to be depressed

MM's are still in complete control, and just executed a take down to prevent a rise past .151. They are trying to hold .15 and break past it, without selling pressure whatsoever today. Anyone expecting a huge surge for today can forget it.
20% chance .15 wont hold.
New positions: Wait
Adding positions: .15 cents should be ok at this level.
Selling to rebuy lower: I dont have enough information yet to advise this.

I print screen proof of the take down for my files. Did it with 500 block shares today.

relmor.................. thanks for that, will cont. monitoring. ..killer.

Buyers are reluctant to move up past .15 cents. They still feel thats going to allow them to purchase today. Until they see differently, longer it stays there, better the chance it wont hold, MM's will look for a moment of weakness, and break it past there. If its still flirting with .15 cents for another hour, not going to be good.

lots of 100 share blocks

Quote:

---

Originally Posted by mogami

lots of 100 share blocks

---

Yep, got my print screen on that one too. When it hit .151 they did it with 100 share blocks this time, as volume is lower than when they used 500 earlier in the day.

glad to see you guys on patrol. i am thinking about buying again but concerned about action leading up to 3/17. it's amazing, at least from a pure "changing of events" stand point that we are not moving higher. my god, how much better off we are today than just last week. and yet no real movement in price.

guys, what needs to happen to move this pig higher? any single event, or is it just a culmination of several positive events that generates enough buying that the mm's can't hold back? seems like common sense alone puts siri at .25 no problem...but here we are stuck at .15. if r/s eliminates this type of manipulation then bring it on...that's all I can say. at least we might then see some upward movement. right now, siri could announce a huge q4, fcf, maybe even a profit, and this pig would sit at .15.

my pubic hair is turning gray over this stock!!!!

Talked to some day traders. They dont touch charts like SiriusXM's nor do they trade stocks under $1 usually. This stock is NOT a daytraders dream. Buyers are weary of buying before March 17th, and the MM's are talking advantage of spotty buying pressure. Going to have to have more news, or the MM's wont reevaluate the price, as no one is forcing them to at this time. Plenty of buyers who think .14 cents will hit again, looking down the list.
Since this stock is a MM money maker, they will move the price at some point. Just have to be patient, and hope its up, not down. Either direction will generate huge volume. .13 to .16 looks like a "dead zone" of interest.

Looks like the volume will be up compared to last weeks pre news levels but below last years average. (today will be about 35 million on the NASDAQ page that is generally lower then what is listed on other sources) Last year I think average was around 50 million per day.

Quote:

---

Originally Posted by relmor2003

Talked to some day traders. They dont touch charts like SiriusXM's nor do they trade stocks under $1 usually. This stock is NOT a daytraders dream. Buyers are weary of buying before March 17th, and the MM's are talking advantage of spotty buying pressure. Going to have to have more news, or the MM's wont reevaluate the price, as no one is forcing them to at this time. Plenty of buyers who think .14 cents will hit again, looking down the list.
Since this stock is a MM money maker, they will move the price at some point. Just have to be patient, and hope its up, not down. Either direction will generate huge volume. .13 to .16 looks like a "dead zone" of interest.

---

Hi, I can see that. There is no movement anymore. Back in Dec and Jan you would have .05 between days high and low and the high was always in the morning after opening. It was easy to trade. Sell right away and then buy back around lunch and sell again right before close. Repeat by buying after hours after price went back down.
Currently we are in the doldrums

thanks for the feedback relmor. i'm bullish on the q4 report. mel gave guidance when the quarter was almost done so he had a pretty good idea of the numbers. plus they announce additional cost reduction, i think about 100 million, that they hadn't expected. that news was totally ignored at the time, but i think it should play out nicely in q1 guidance. one think mel is good at is watching expenses. chris russo was interviewed by howard a few weeks back and mentioned that he asked mel for some additional funding to do some stuff on the weekend and mel said no. he said you can spend every dime you're budgeted for...but not a penny more. to me that spoke volumes about the operation controls mel is implementing. i'm a little concerned about oem sub guidance, but i supposed that is priced in already. so counting on something positive to keep the momentum going forward...

What's an MM?

2 larger blocks finally moved up from .15 cents. Good sign. Id raise the chance of .15 holding to around 90% now. It would take some heafty manipulation at this point now. Looks to be gathering support for over .15 cents now. .1525 resistance to clear.

Quote:

---

Originally Posted by Danzo

What's an MM?

---

Yeah i was wondering what that was as well.

Theye tore it right back down as theye always do.

Well if you can watch level 2 quotes, watch how they work in unison. Like a sing song dance. Back and forth at times, moving bids and ask in and out. Coordinated effort to control and manipulate how a stock is traded. The MM's are Market Makers(NITE, ISEG,Cinn, ARCA) etc... They take sell and buy orders and make them happen. They also are allowed to NAKED SHORT ANY STOCK THEY WANT. I think NITE and a bunch of others including ETRADE just got busted for doing this maliciously, and not in there customers best interests. Brandon wrote about this angle lately, go read his articles. As long as they do it out of necessity, and cover in a reasonable amount of time(technically so are option houses too allowed this practise). They usually shouldnt be naked short selling, but they will take shares they own, and use them to control the price, by buying and selling to each other, or even themselves.

There, was just another intraday take down. 100 shares used. BS, when they think they are having a hard time with an upsurge they will do a "take down". A few ways they can do this. Completely against the rules. No reason for it. Pure BS.

Quote:

---

Originally Posted by Danzo

What's an MM?

---

Market manipulator :eek:

Just kidding it's Market Maker the people who are supposed to match the bids and asks but they really do what suits them (they also buy and sell for themselves and don't have to pay commissions so they manipulate for their own profit )

12:41:44 $ .1506 500
12:41:40 $ .1509 100
12:41:40 $ .1509 100
12:41:40 $ .1509 100
12:41:40 $ .1509 196

As in any business, you have to think of the MM's as any other company. They have big customers and small customers. What happens to the price of a stock when a MM receives a ton of large block buy orders? Knowing this will make the stock go up, robbing the big money of gains, they will hide the orders,and fill them by trying to take out stop losses, or manipulating the stock sideways or down until they are all filled, because they "pay the bills". So expect the stock to drop if big money has interest. If big money needs to sell, you can bet it will try to make the price go up while they are selling, etc...
If you or I are buying and selling, its a retail order, and gets treated as the dumping ground for the big money buy or sell. Your order is not significant,therefore will not control the price. Now if a ton of retails buy or sell, yes, of course this will affect the price, but only temporarily if this is still against the grain of teh big buy or sells. If the pressure of retailers is maintained, they might move up or down significantly to find a "line in the sand" price to try to hold. This could be up or down, depending on the ultimate direction the MM's are tying to make a stock go. If they have neutral buys and sells, usually the stock wont move much, and its easy to fill orders. This rarely happens, as big money is usually right by "might" so to speak.
The 20-50% price movements on big volume days are the retailers and the big money on the same page. Those are great days to be "riding the wave" so to speak. A bull or bear trap are used to sucker in huge retail money, to eventually bury these buys or shorts "underwater" and force them to sell at a lose. Guess who gains? LOL

Quote:

---

Originally Posted by relmor2003

As in any business, you have to think of the MM's as any other company. They have big customers and small customers. What happens to the price of a stock when a MM receives a ton of large block buy orders? Knowing this will make the stock go up, robbing the big money of gains, they will hide the orders,and fill them by trying to take out stop losses, or manipulating the stock sideways or down until they are all filled, because they "pay the bills". So expect the stock to drop if big money has interest. If big money needs to sell, you can bet it will try to make the price go up while they are selling, etc...
If you or I are buying and selling, its a retail order, and gets treated as the dumping ground for the big money buy or sell. Your order is not significant,therefore will not control the price. Now if a ton of retails buy or sell, yes, of course this will affect the price, but only temporarily if this is still against the grain of teh big buy or sells. If the pressure of retailers is maintained, they might move up or down significantly to find a "line in the sand" price to try to hold. This could be up or down, depending on the ultimate direction the MM's are tying to make a stock go. If they have neutral buys and sells, usually the stock wont move much, and its easy to fill orders. This rarely happens, as big money is usually right by "might" so to speak.
The 20-50% price movements on big volume days are the retailers and the big money on the same page. Those are great days to be "riding the wave" so to speak. A bull or bear trap are used to sucker in huge retail money, to eventually bury these buys or shorts "underwater" and force them to sell at a lose. Guess who gains? LOL

---

As always, thank you for your insight.

On 6 Feb it required 200k more shares buying to move price up .01 compared to number of shares selling required to move price down .01

http://www.buyandhold.com/StockMgr?request=display.content&symbol=SIRI&Conte ntURL=%2Fcustom%2Fbuyandhold-com%2Fhtml-story.asp&guid={09E9B1D6-1E99-48FC-9F0C-3ED138B82085}&symb=SIRI


(report from 9 Feb)