SIRI INTRADAY THREAD: WEDNESDAY MAY 13th 2009

Good Morning everyone!!!

Level2 first look has us going down today,even sellers are lowering the ask's.

We could see .36 or ugh lower...
Tyler has a good article about GMAC getting permission to finance Chrysler auto's...

Good luck in your trades and BTW has anyone read the full proxy and annual report ,specifically the R/S section..
It seems Siri is thinking about a dangerous solution with holding back authorized shares that are not included in R/S that would significantly dilute our common if issued after R/S....

Do you think with the new Sirius iPhone the stick price will jump? Pre-market the price is down to .38.

the sellers have panicked and dropped the bid to .379 to .41 range..
6700 sell orders to only 2900 buy orders..

the final shake out has worked at this level and we could see .36..

Just when you start thinking it couldn't sink any lower...

SIRI Please stop the bleeding. I hate it because it makes me average down, but at the same time I'm putting more money in. AHHHHH. It's a love hate relationship. I'll tell ya its been harder to say goodbye to SIRI then it was to quit smoking. Its an addiction I'll tell ya.

I thought we were done with the 30's, but I'm buying in again...

JohnnyIrishXM, I posted a replie to you finding out that Brandon is really cfrceo. I missed that he came forward about that before. Unbelievable, well that explains alot, and Charles you should have been more forthcoming yourself about this. I expected better out of you guys then this. I believe if people knew about this that would have made a big difference in trusting Brandons comments. I know cfrceo comments well enough to know he gos way out on a limb and way to far off the reservation to much to be taken seriously. He was no better then Micheal Hertlieb when it came to threories that could not be proven by logic, facts, or reason. He would take one word (and in cfrceos's case I mean one word) and blow it totally out of proportion. I know Brandon (cfrceo) remembers when a article had one or two mistyped words about the merger and he took that to mean it was approved, he was all over the Yahoo board saying it. I told him, I would not get to excited about it until someone confirms that it was not just a mistyped word, which it turned out to be.

i'll take your word on that because i've never been on the yahoo boards,but it sounds like him....guess that is why he went to great lenght's on here to cover up who he was....

Irish...
Im going with .36 as the low... As I see you are....
Do you see that support line is held at .36... If that breaks it opens up .32...
Maybe buy at .36 and .33? What do you think?

Quote:

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Originally Posted by JohnnyIrishXM

i'll take your word on that because i've never been on the yahoo boards,but it sounds like him....guess that is why he went to great lenght's on here to cover up who he was....

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I have no doubt thats why, I also wish Charles, Tyler and Newman would have made that clear in the first place. I had a supposition before but for the most part kept them to myself, without more proof of it. Charles knew better though and should have made it clear about who we were dealing with.

Quote:

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Originally Posted by john

I have no doubt thats why, I also wish Charles, Tyler and Newman would have made that clear in the first place. I had a supposition before but for the most part kept them to myself, without more proof of it. Charles knew better though and should have made it clear about who we were dealing with.

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John, what do you think the low will be? Do you have buys in?

Quote:

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Originally Posted by john

I have no doubt thats why, I also wish Charles, Tyler and Newman would have made that clear in the first place. I had a supposition before but for the most part kept them to myself, without more proof of it. Charles knew better though and should have made it clear about who we were dealing with.

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I agree with that,they should have told you regulars who knew him..

here is post from Cos with reference to it,NOTE Brandon/CRFCEO..

Quote:
Originally Posted by SiriusBuzz
Sure I am. There isn't a blog out there worth a grain of salt that doesn't do editing. MOST top notch blogs DO NOT allow authors to post their stories until they have been reviewed. If anything, I am guilty for not doing it more based on the emails I have received.
Charles,

As we go into the weekend I just wanted to let you know how much I appreciate your efforts in keeping this site / blog up and running.. I hope your headache has subsided some and you will be able to find the time to enjoy yourself as the weekend draws near...

After reading all of yesterday's posts, I was saddened to find that Brandon / CRFCEO chose the intraday public forum to air his complaints and frustrations as an apparent "Burning of the Bridge".... My comments are not about the Article but about the decision to discuss the dispute here by him. The circumstances of your business and professional relationships with writers need to be between you and them, and he clearly left you no choice ... very unprofessional IMHO.

Anyways just wanted to let you know that as we play here in OZ, I understand that you are the man behind the machine that makes it happen... thanks again....

Good morning all you rockin' Siriusheads,

Just watching the level 2 quotes on SIRI and it seems .37 is trying to hold. Wasn't this the support for about a week at the end of April, before the run up to the CC? Will we have the same before the annual meeting? Does anyone have insight into the technicals that validate the trend?

I would think that Mel and team would be holding some positive information in their pocket for the annual stockholders meeting. Wouldn't be much fun if they didn't.

Does anyone have any thoughts on what may be released at the annual meeting?

Quote:

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Originally Posted by relmor2003

Irish...
Im going with .36 as the low... As I see you are....
Do you see that support line is held at .36... If that breaks it opens up .32...
Maybe buy at .36 and .33? What do you think?

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.

Hey Relmor,.37 might hold not enough shares to justify going lower,but .36 is supported well so far...

Quote:

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Originally Posted by relmor2003

John, what do you think the low will be? Do you have buys in?

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relmar, you know I dont like to give PPS especially with SIRIXM, but I said before I think between .30 and .35 but that is a longer term estimate not a day one. I just think we are going to have some more bad news with 2nd quarter subs and MSM will use that to push the PPS down. I also said if it ever gets to .47 (Iphone news) I would sell some because when those 2nd quarter numbers come out about the subs that will drive it down again. the only saving grace will be if they can get to FCF positive which might be possible. Now if that happens I dont care if they lose another 300,000 subs that will push the PPS up. That was what everyone was waiting for before and in my minds eye what matters now more then a few bad sub quarters. I like the fact as you know that6 the OEM are not putting out as many cars that is a big hit in subsidies cost to the bottom line. Look at it this way it already has cost them 1 BILLION at least JUST (not getting into the chipset cost) in subsidies on deactivated radios. Just think if they had just half of that amount back now.




Shipping stocks I like more I think DSX gos higher. They took a hit because of a share offering but the last time they did that the stock came back strong because it was donr to buy more ships. I think something like that is what they are doing it again for.

Quote:

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Originally Posted by JohnnyIrishXM

I agree with that,they should have told you regulars who knew him..

here is post from Cos with reference to it,NOTE Brandon/CRFCEO..

Quote:
Originally Posted by SiriusBuzz
Sure I am. There isn't a blog out there worth a grain of salt that doesn't do editing. MOST top notch blogs DO NOT allow authors to post their stories until they have been reviewed. If anything, I am guilty for not doing it more based on the emails I have received.
Charles,

As we go into the weekend I just wanted to let you know how much I appreciate your efforts in keeping this site / blog up and running.. I hope your headache has subsided some and you will be able to find the time to enjoy yourself as the weekend draws near...

After reading all of yesterday's posts, I was saddened to find that Brandon / CRFCEO chose the intraday public forum to air his complaints and frustrations as an apparent "Burning of the Bridge".... My comments are not about the Article but about the decision to discuss the dispute here by him. The circumstances of your business and professional relationships with writers need to be between you and them, and he clearly left you no choice ... very unprofessional IMHO.

Anyways just wanted to let you know that as we play here in OZ, I understand that you are the man behind the machine that makes it happen... thanks again....

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I left you a post on the other thread (went back and had a few P.Ss) so go look at it I think you will get a laugh.

.34today or by the end of the seek.Probably lower,maybe .31. The market is not strong enough to support ANYTHING let alone a stock that people REALLY don't need. I have this stock,so I am not trying to bash anyone or anything,but face it, If GM can't make it happen, it really is going to hurt things. Ford WAS the main issue as far as sales, and we all know whats happening there. Going to take a very LONG time for things to happen with Siri. Too bad because I could really use the money.

-(Dow Jones)- A U.S. House of Representatives Democratic leader urged more government aid for auto suppliers Wednesday, warning that the dramatic downturn in car sales could force half of the nation's suppliers to shut down by 2012.

Pending bankruptcy filings by parts suppliers threaten to further cripple major manufacturers like General Motors Corp. (GM) and Chrysler LLC, said Rep. Nydia Velazquez, D-N.Y., chairwoman of the House Small Business Committee.

i guess this means auto sales dropped by another two percent in march based on whats below


heres the link

Auto dealers cut their inventories by 2%, matching the 2% decline in sales. The inventory-to-sales ratio for auto dealers rose to 2.45 from 2.44.

High inventories have forced the major automakers to curtail production this spring. Chrysler is essentially shutting down while it goes through bankruptcy. General Motors is closing 13 plants temporarily.

Quote:

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Originally Posted by john

I left you a post on the other thread (went back and had a few P.Ss) so go look at it I think you will get a laugh.

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Saw it had me laughing,will post here now...
Going to golf today in my wed. league,you have me thinking about wearing a hard hat in case i get hit by a wayward tee shot or something,GEEZ!!!
and you would be about 6th in line of suspects......

It's funny Charles mentioned about BM having 3 names on here and complimenting his articles,because he wrote a post about it going to .31 today like he called earlier and last night and no one commented on it,so Miraculously a new poster named MIDAS showed up and said he was right,good post and some chimed in about a good call,then relmor challenged him on being a first time poster and wanted info why..
Then BM posted saying he knew him and was cool..