OK Brandon!
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OK Brandon!
I received an email response from Sirius investor relations.
Thanks for reaching out. Liberty Media issuing tracking stocks in no way affects your holdings & ownership percentage of SiriusXM. There is no dilution involved to your holdings. Liberty’s tracking stocks just helps their own shareholders better track their own holdings of SIRI, and does not impact or change the holdings of other SIRI shareholders.
I'm shocked the question was even brought up actually. Totally mystified. As Greg Maffei has said countless times on earnings calls, he is trying to reduce or eliminate Liberty's discount to the NAV by issuing the tracking stock.
Since that sits at around the teens percentage range, once the discount is eliminated Liberty can likely get to work on trying to combine the tracker with Sirius. They tried the combo 2 years ago but their offer was when Liberty's discount to the NAV was sitting at about 2%. At a 15% discount they wont make an offer because it would be too dilutive to Liberty. I expect the tracker will at least reduce the discount and make it eventually possible for another offer. Just my opinion.
Gives an investor a good reason to play both sides. Liberty and tracker - eventual NAV discount reduction. Sirius - eventual merger opportunity with the tracker. And they are both pure plays on Sat radio - the tracker in April, and Siri. I love both sides here.
Where is that 3.05 - 3.35 range Waldo was speaking of a few weeks back? I have powder damn it! lol.
Just to make sure we use the current/correct information.
Still starting new projects so I won't be able to post (as much). Still short at an avg of 4.07. One of my new shorts was covered at a loss, by a stop being hit. More than made up for by previous trades. Not ideal, but part of the game.
Still going with the corrected fib, 4.20 to 3.29. The traders should be able to work the math out and see we are still working with that technical pattern for a retrace, can go all the way up to 61.8% before I get 'uncomfortable'. if 50% falls, we should be looking at that number.
If it changes I'll post. With the corrected fib, the time shifts from early March to after mid-March when there are 'forced' buys. Not a set time, just the most likely time frame for it to occur. Until the pattern(s) breaks, threats of living in a given range still exist.
I still believe the technical pattern is correct.
in 10k shares at 3.74, no macro bs, no fib bs just a pure play buy on raw gut instinct...BOOM!
Ya'll remember those $4 puts I sold on SIRI last December or so? Got $.08 for them. The contracts got assigned so my cb is $3.92 right? It's only a small position - 2000 shares but still, I'd like to think I could make at least a couple hundred $$$ without too much trouble on the almost $8k I have tied up.
Well, I'm tired of waiting for this POS to do ANYTHING so I sold the June $4 Calls for $.10....if it gets assigned I will have made a whole $.18 on $4 in six months....that's a 9% annualized return for those keeping score. Big whoop.
If this pig of a stock continues to wallow in the mud - which is entirely possible - and I don't get called away in June at $4, then I'll re-write the calls for Sept or Oct. or who knows? Maybe even December, and I'll try set the strike low enough that I might actually get called away and get my money out so I will able to do something meaningful with it.
Too many other opportunities out there to have even a little bit of my money tied up any longer in John Malone's plaything.
BOOM...just sold that10k I bought 2 hrs ago at 3.78...and thats how you do it! Pure instinct baby
Come on $2.75!!!! :cool:
Ironic how the cockroaches in this room will scream out about all the negatives when the stock is dropping. The roaches talk about sub prime car loans, higher interest rates lower SAAR, etc. They will talk about how they covered their short position all the way from above four down to low 3's lol. Yet you never hear or see them post anything positive when the stock does a u turn on a dime and starts heading higher.
Well....feast on this roaches.
Ford (F) Stock Jumps, U.S. February Sales Up 20.4%
"We believe the company will continue to benefit from lower interest rates and gasoline prices in the coming months," Peltier added.
http://www.thestreet.com/story/13478...o&cm_ven=YAHOO
STFU you Tranny lover.
Instead of feasting on Trannies....why don't you feast on this...
US auto sales are crushing expectations
http://finance.yahoo.com/news/live-a...122642246.html
Another 10k shares right at the close 3.76 bitches!
Just sold my 3.76's that i bought at the close yesterday at 3.79...10k shares. Like shooting fish in a barrel people. Don't get any better.