Article today by Spencer thinks 4-5 cents is possible. THAT would drive us siriusly higher.
http://seekingalpha.com/article/1155...or-a-wild-ride
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Article today by Spencer thinks 4-5 cents is possible. THAT would drive us siriusly higher.
http://seekingalpha.com/article/1155...or-a-wild-ride
Morning RAD and All!
Big day indeed. Hope Spencer is right!
http://finance.yahoo.com/news/sirius...120000016.htmlQuote:
Originally Posted by denco1
EDIT - not sure thats the case for the Q
EDIT2: .02 in line for Q
Quote:
Originally Posted by denco1
EDIT: Seems to me they have just announced the official commencment of the Buy Backs....??Quote:
STOCK REPURCHASE PROGRAM
As SiriusXM commences its previously announced $2 billion share repurchase program, the Company expects to repurchase shares of common stock from time to time on the open market and in privately negotiated transactions. Liberty Media Corporation, the beneficial owner of approximately 50.2% of the Company's stock, is no longer required to participate in the share repurchase program on a pro rata basis and has indicated it may or may not do so in the future.
.....and, this is new, Liberty may or may not participate....:confused:
Looks good through my rose colored glasses, income in line, but a revenue miss, 892M vs consensus 899M. Lets see what the street thinks. Nothing PM yetQuote:
Originally Posted by denco1
To me, this all sounds like a great financial report........ what explains the 3.11 sp in PM? I don't like the looks of that.
don't like it either, but how many times has the SP gone down after a good report
What channel is call on.
249k shares traded and 3.10
on another note,,, do you think it is too late to get into MJNA? wait for a correction? opinions anyone?
That's a tough question lake. I think you should look at cheaper pot plays like CBIS.
Quote:
Originally Posted by lakefun1
I think the revenue miss is the problem, AAPL was crushed for its little miss on revenue.
As far as green rush stocks, MJNA, CBIS, HEMP et al, all bets are off. RSI 92 at close yesterday on MJNA, REALLY overbought but bill being introduced today in DC to regulate and tax marijuana use in states that have legalized it. Such big news. I keep thinking of just buying more and not waiting for the usually expected consolidation after such exponential runs, but it I cant get my self to pull the trigger, been burned before. It is said, look forward not back, but experience guides our actions and hard to forget the past.
thx, would like thoughts from others also that are in the stock. has had a big run.
3.09 and falling...getting hammered PM...Looks like $3 is back in play!!!
JS
Quote:
Originally Posted by just sirius
Hope the CC pulls us back up, time will tell.....
Hopefully a nice Green day in the market will help to stabilize the sp and allow for CC to be fully digested!
Back to 3.11 now!
JS
Hit 3.08 pm...I hope 2.92 doesn't hit before I can sell rbcn ;)
I figure its because they haven't bought back shares which means they think its going lower
Meyer better pull a rabbit out of his ass...thats all I gotta say!!
JS
Quote:
Originally Posted by radejs
I can attest from aapl...conference calls might not save a stock falling on earnings day.
Charts already said it was going down. If it struggles today it will make them worse.
There may be a spike like last earnings befor the drop continues through February. Imo
The reason they were participating was to stay under for the FCC announcement. I had been figuring now they wouldn't. In fact its better they don't. Liberty doesn't want to sell low into a drop which is when buybacks happen.Quote:
Originally Posted by denco1
Also, liberty's 50% is locked up for years. The buyback needs to come from the open market 100% for most effectiveness