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Well, it got down to $0.59 after 3 nearly 750,000 share trades drove it down. ugh. Will the obvious manipulation ever end. :confused:

Tend to agree. For hit-whores, I don't think dropping the Sirius name draws the same amount of fervor/traffic as dropping Apple. :rolleyes:

Appreciate everyone's optimism. . .but SIRI appears to be in free fall. :mad:

Well, SIRI is down 6% so far and falling fast in PM. :(

Fully agree. A R/S split after SIRI's decline would most likely be seen as a sign of weakness. It would more than likely signal another round of shorting and bring the price back down to levels seen...

Agreed. Simplify. Look at Apple. . .it has just a handful of computers at select pricepoints. Nothing fancy.

FWIW, SIRI was above $40/share for most of 2000 with a high above $60/share. Not sure that it can ever attain those levels again.

Kicking myself now though for selling 60% of my position...

somebody trading 4.5M shares. :cool:

I was thinking more along the lines of in-car media. With most cars having DVD players, being able to stream the Disney channel for your kids in the backseat could be huge.

The past 3 days (on the 30 min chart) the DMI has been negative and SIRI has been in a downward channel since hitting $0.60. Take a look at the chart and you can easily see the downward channel. The...

To begin, SIRI sitting at near $0.50 for two hours suggests that SIRI is being very well controlled, especially considering it is the 2nd most actively traded on the NASDAQ behind QQQQ. So some...

FWIW, F is up $0.07 in PM. ;):D

Possibly a delayed quote. At 8:24:07 it has rebounded to $0.52. LOD was $0.4713.

Hadn't seen the sub ##s when I posted. Morning looks to be volatile especially with jobsless ##s coming out in PM.

edit: SIRI stock price dropping fast. Down to $0.48.

edit2: almost 3.5M...

from Marketwatch

"NEW YORK (MarketWatch) -- Sirius XM Radio Inc. (SIRI 0.51, -0.03, -5.56%) said Thursday its second-quarter loss widened to $157.4 million, 4 cents a share, from $83.9 million,...

Insiders have to pre-plan their sales (xxx shares on such-n-such date). Otherwise you have the situation that you are concerned about. And they can get into trouble for insider trading. ;)

Need more volume. . .DMI needs to cross to positive. On the 5min chart, it crossed at 9:50ish and had been getting worse most of the day.

Volume has really dried up. . .
Price in a downtrend from $0.60. Trend line will intersect yesterday's close at 1p.

On a 5-min chart the MACD, slow Stoch. RSI look ugly. The Stoch. can't get much worse.

FWIW, 62M shares in 75 minutes!!

Agreed. It may take a lot of work to get there.

Level II showing lots of sell orders sitting at $0.60. Get past that and SIRI should fly.

So how scared are the shorts?

What was your activation price? If it was just a limit sell order for $0.57, then it would have been filled immediately at $0.57, or higher, since the stock price was above your limit price.
Am I...

Do you mean stop losses or limit sell orders?