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  1. Demian is offline
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    11-10-2008, 12:40 PM #31
    Quote Originally Posted by Keysmark View Post
    Newman, it might not be lowballing. It might be that the potential financiers wanted worse case numbers before deciding to, essentially, bail SIRI out.
    We can't see any winks from Mel while he is handing out these 5 year projections either....

  2. SiriusHope is offline
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    11-10-2008, 01:16 PM #32
    we hit .29 up .03 today...and thats w/o earnings report...maybe nice pop after report and CC?

  3. Demian is offline
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    11-10-2008, 01:32 PM #33
    Do these guys have an agenda.......?

    http://www.247wallst.com/2008/11/when-does-siriu.html

    November 10, 2008
    When Does Sirius (SIRI) Follow Circuit City (CC) And GM (GM) To The Bottom?

    Circuit City (CC) and GM (GM) has effectively proved a point about the current economy and credit markets. Without substantial positive cash flow and operating earnings, raising money is nearly impossible. Corporations which already have a large amount of debt on their balance sheets are particularly unlikely to find financing.

    Earlier today Circuit City filed Chapter 11 and GM's share price target was dropped to zero by Deutsche Bank. The nation's largest car company will either run low on money early next year or be forced to raise money in a fashion that will wipe out common shareholders.

    The news from the consumer electronics and car companies pushed CC shares as low as $.11 against a 52-week high of $8.24 and GM's down to $3.02 against its 52-week high of $32.80.

    The question is which well-known US company will be next into the credit gauntlet. The answer is that it will probably be Sirius XM (SIRI).

    The combined debt load of the merger Sirius and XM is about $2.5 billion. Together they had operating losses of about $150 million in their last reported quarters. They now say that the slowing new car market will cause them to miss their revenue targets for the next two years.

    Sirius XM expects no free cash flow in 2009 and $400 million in 2010. If the recession deepens, those numbers are likely to be at risk. The company says it is in discussions with several financial institutions regarding a financing to replace its 2-1/2% Convertible Notes due 2009. There is absolutely no reason to believe that those negotiations will be successful.

    We have already noted how the company faces listing issues, and there is this new lawsuit which is going after management to keep it from causing the ultimate harm to shareholders. The satellite radio company needs to dump some of its debt. Chapter 11 may be the only realistic way to do that now.

    Douglas A. McIntyre

  4. Siriusowner is offline
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    11-10-2008, 01:40 PM #34

    Volume

    Quote Originally Posted by Demian View Post
    The stock has been pretty much flatlining for a few days now. It is weird to see those big blocks pass and not move the price all of the time, but there is some type of big position building that has been going on IMHO. The stock has been dragged around and manipulated. When the powers that be are done with their position building, they will remove the chokehold.....

    Consult your own financial advisor....

    To follow up on this, volume shows how strong the price moves are but it does not move the price by itself.

    This is why in the news they say: "shares of XYZ company moved up on heavy volume", this means there was confidence in move.

    If the move was down on heavy volume then "holy s..." but the move may be in the 1/10's of a cent.

    On the other hand, usually, light volume creates big moves in the stock price (and big spreads) BUT watch out, there is not a lot of confidence in the move if there's light volume.

    I.E: If there is a down trend and all of the sudden, one day during that trend, the stock spikes up on light volume, most likely the stock will resume its down trend the following day... If on the contrary, there is heavy volume, then you may be looking at a trend reversal...

    To sum up: High or low volume do not move the price, it shows how strong the moves are, if there are any.

  5. deewcom is offline
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    11-10-2008, 01:45 PM #35
    Why not get a big fat loan first, like Circuit City and Office Depot, then go bankrupt later? Why should SIRI be the one to go down the tubes before it gets a fat loan? Nobody else does. GM will get a bailout. Obama hinted at it strongly. Pelosi and Reid are talking about now. AIG got another huge handout today.

    Between Oprah, Mel, Stern, and Jimmy Buffet, the quartet could easily lend the money themselves.

    There is tons of money been printed. Its all in the hands of a few people. There's two trillion that the gubmint can't find where they put it.

    The joke is on us.

  6. Demian is offline
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    11-10-2008, 01:46 PM #36
    SIRI has been making big moves down on low and high volume over the last few weeks.....

  7. Siriusowner is offline
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    11-10-2008, 02:00 PM #37

    Vix

    Quote Originally Posted by Demian View Post
    SIRI has been making big moves down on low and high volume over the last few weeks.....
    Sirius has been trading on a down trend on average volume (high and low), what does that tell you ?

    The whole market has been trading like that. This is why everyone is lost... we are in uncharted territory. Check the VIX.

    But, to clarify a little bit more. Look at the Sirius volumes before the merger, the day of merger and after the merger... especially the day of the merger, what does that tell you ? Huge volume on the day of the merger, right ? Where did the price go ? Where has it stayed?

    What we need is for the price to go up on heavy volume... Above average !!! 100 Million shares traded for Sirius these days is NOT heavy volume anymore. We need double that amount or more... A spike on heavy volume...

  8. zcurzan is offline
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    11-10-2008, 02:02 PM #38
    Quote Originally Posted by Demian View Post
    Do these guys have an agenda.......?
    Yep, to cash in on the headlines and speculate. It doesn't take a lot of effort to slap A (the balance sheet) and B (the overall economy) together to get an article that does nothing other than point out the obvious and paint a dark picture.

    And let's face it, people love that kind of crap. Not that people are toasting and cheering when a company goes under, but for example when you read about Circuit City, its a bit like watching a train wreck. It's a horrible thing to happen but you can't help but take interest. It's a pretty big event.

    If you are implying they have some type of investment agenda to depress the stock price, I think that is a stretch.

  9. Demian is offline
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    11-10-2008, 02:07 PM #39
    Quote Originally Posted by zcurzan View Post
    Yep, to cash in on the headlines and speculate. It doesn't take a lot of effort to slap A (the balance sheet) and B (the overall economy) together to get an article that does nothing other than point out the obvious and paint a dark picture.

    And let's face it, people love that kind of crap. Not that people are toasting and cheering when a company goes under, but for example when you read about Circuit City, its a bit like watching a train wreck. It's a horrible thing to happen but you can't help but take interest. It's a pretty big event.

    If you are implying they have some type of investment agenda to depress the stock price, I think that is a stretch.
    That outfit has been consistently reporting incorrect and exaggerated debt #'s for SIRI, making it less of a stretch......

  10. zcurzan is offline
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    11-10-2008, 02:11 PM #40
    Eh I dunno... I've always chalked that kind of thing up to lazy / poorly informed reporting. Which obviously is not a good thing, but I find it hard to subscribe to these gigantic conspiracy theories.

    I think it's easy to read to deep into things when you are so heavily invested (upside down) in a security. It's a big market, people got better things to do than spend every waking moment trying to ruin Sirius.

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