The question of the SEC filing has been solved by homer...
But how will the street react to the news? We will find out today.
Printable View
The question of the SEC filing has been solved by homer...
But how will the street react to the news? We will find out today.
heres a bit of interesting thoughts from tmfassociates.com on the satellite industry.i think his theory on what Charlie ergan and Joe Clayton were up to is most likely correct. and lets not forget one of the primary lawyers used in the siri/xm merger is now the top lawyer for msv which dish also maintains an investment in.
you need to click on the blog link
but i do wonder if the service planed by Hughes telematics can deliver on a similar type service....well if only Leon black would have his people speak a little louder on this issue, does he still want to include sdars as he mentioned in the past.
does Apollo still own Hughes network systems.which developed the telematics platform for apollo/hughes or was that the part that was sold off to the folks over at skyterra.
oh what a tangle of business deals and bed partners
heres the link
Quote:
By Alex Ortolani and Keith Naughton
April 30 (Bloomberg) -- The U.S. annual auto-sales rate for April may be unchanged from the previous month signaling that the market reached bottom.
New cars and light trucks sold at a 9.9 million yearly pace this month, according to the average estimate of seven analysts surveyed by Bloomberg. That would be unchanged from March, after a 9.1 million rate in February that was the lowest since 1981. For all of 2008, sales totaled 13.2 million. Automakers report April results tomorrow.
Newman, I dont know about the rest but I would be buying as much of the stock as possible to average down. If there is one thing this poison pill has shown me is that while the PPS will never be able to get to the PPS it was once at, it will also go up alot more then it is at present. Liberty is the reason for both. Liberty will make sure the company does well but will take control of it before it does to well. I would suggest if someone wanted to investin the long term of satellite radio they now buy Liberty stock.
im not too happy so far about the analysis of this SH rights deal...but one thing that i do like is the statement that it locks current shareholders into part owners of the NOL, which gives me the feeling like its an olive branch thrown to us...however, its more like the little guy (us) riding the coattails of the big guy (liberty)
i do however like the fact that there is action and news...silence sucks.
wow...satwaves has turned ultra G@y
any guesses today? I wouldn't want to be holding a short position today...or keep it for the next 6 days (prior to cc)
Imromo....ur siri money is gnoe. Two days in a row stock has been take down 5% at 9:28....sneeky. I know that means nothing to a baller like trip, but it is interesting. I read your posts and you picked up 35 mores shares yesterday...good stuff....I love people who are not afraid of the sell button.
SIRI $ Gone? Sorry, don't follow you. With stock below a buck and Liberty driving the train, how could any investment with avg pricing way below a buck be money lost? NO WAY! did you read the latest news re poison pill provision?Quote:
Originally Posted by Big Ben
Quote:
Originally Posted by underway
He thinks they lost another chance to play the channel. The problem with playing the channel is something that almost always happens and something you better be prepared to settle for. That the stock will ether take off and not come back down or it will go down like driving off a cliff depending on the trend. The reason doing it with your total block of shares is not wise if you are in as a long, are because if it does what generally happens which is take off or drop off and not come back (ether way), you are stuck with the choice of buying back for a major loss (in gains) and trying to play the same game again to make up for the loss in gain you would have had if you just stuck it out before it does it again. I have tried this before and believe me there comes a time when you get burnt. You sit there waiting to see if it will ever come back down only to see it go up even more. Then you are left with that terrible choice do I just get back in or maybe wait longer to see if it comes back down.
BTW, i didn't sell anything yesterday...and don't plan to sell...
John...few things...as for his money in siri...I was just messing with his new tag line. Where is siri money? Just a joke.
As for your idea about buying back in on a stock that has run up, you don't ever count the money you missed, definitely not a loss. I have issue with your logic. Show me an example of a missed gain on good company that you would be willing to hold long term. This idea of grabbing every single penny on the way up and counting any penny not grabbed as a loss is nutty. Example siri is .45 and it runs up to .55..if I sold my shares my entire position of siri at .45(purchased at .38), I have missed nothing. If you analyze your trades like this you will be on the wrong side of every trade every time. As for your idea of a stock running up and never looking back, I equate that to Mel ridding in naked on unicorn with a dividend on his back, not going to happen. If this 1% chance happens, who cares I can buy back in at .85 and ride it all the way to 2$....we all know that is right around the bend, lol :-{ If you believe in siri long term then who cares, getting in and out and recouping you losses from last year is best play on this stock, not buying and holding.
Always remember Mel, our CEO, knew we were heading into the abyss last year and he could have warned us the next few months would be rocky, not Mel...he said bk was off the table..big fin lie. If he would have be a little bit more forthright, we would have sold our shares anywhere from 1.6-1.4. We got smoked its that simple, Mel took our money.
yes i figured it was the tag line... ;)
Someone bought and sold yesterday and picked up 35 more shares, not you, sorry. Whoever it was they did better than the rest of us.
I want to make it clear I am not a siri basher, but I am a realist. I currently am at a full position 45k and the first sign of a run up, especially on a rumor, I will sell 15k and wait for the CC. Thats my plan and I am sticking to it. Trying to analyze how the street will interpret the CC is something Relmor can do, not me. My prediction is good news, followed by a nice run two day run up, follow by the shorts regrouping and the fast money taking profits, leading back down into middle earth. .45-.55. For me this will be a chance to make some moves. Time will tell, good luck all.
Sell button is your friend, believe me two days after a sell you have actual cash in your account, not a promise of future unicorns or maybe even a Ligar.
Quote:
Originally Posted by Big Ben
Interesting....
two points though:
First, I see your logic of incremental gains. There is no doubt that approach is more conservative since you are reaping profits at some price point you decide, either in advance as a strategy, or as it happens to unfold and you make a quick decision. However, there is an absolute opportunity cost in doing this, for the obvious reason that to buy back in will yield fewer shares with the same $. Yes, if stock retraces, you can get back in with the same or less $. But, if it continues to move up, you now have a lost opportunity cost, either by deciding not to re-enter the game on that stock, or buying fewer shares with your orig $, or equivalent or more shares with more of your $.
Second: how did Mel take your money?
no, i posted that i sold on the spikes and bought on the dips...i figured it was an obvious sarcasm because the whole day barely moved .005. :D sorry for confusion...
i really just don't want to deal with filing my taxes to be honest, i hate calculating basis.
Nice to see the form 3 released on the 28th that says John Malone is a new SIRI insider.
Actually... You only give him your money when you sell in the red. How do you avoid that? Don't SELL in the red Silly Goose. Every time you hit that BUY button consider your money gone forever. Simple as that. You bought a form of entertainment, like gambling.Quote:
Originally Posted by Big Ben
I understand your logic and I do agree. I would have less shares because of the higher price, but if this stock is to runs like it stole something..lets say 4-5 dollars, what have I actually missed, not too much considering my %gain is huge(.50c-.85c...I missed .35c but the gain from .85 to 4-5$ is pretty amazing)
As for Mel taking my money. Once the merger was announced I purchased shares of XMSR 8-10 range hoping the buy out of 18.6$ would happen. This happens for most of the stocks I have seen that announce a merger, not us. We were supposed to get 4.6 shares of Siri for every share of xm...I don't think that worked out all that well.
Mel smoked us with his idea of a Judge holding up the merger. Did we have any say in this, no. We own some of the company should we not get a vote? Mel didn't think so. I can go on but I do understand the DOJ and FCC did not help things. The more I think about it the more it peevs me. Call me crazy but I don't think we are every going to be the winners. This stock blows!