SIRI Intraday Updates for the Week of 3/16/09

[mogami]

If CNBC says it....then it's got to be true.

Well my 3 favorite comedy channels are Cartoon Network (adult swim) CNBC and C-Span

[bananaz]

I don't know why or even when it happened but you can bet it was a favor for a political contributor(s).

[QUOTE=Paratrooper_Rick;21989]The reasons underlying the decision of the SEC of eliminating the uptick rule are unknown"{QUOTE]

[amy]

This is a really interesting article and it came out around the time the stock price started to increase.

http://denver.bizjournals.com/denver...6000%5E1793277

[relmor2003]

I'm starting to formulate an idea as to how market manipulators can work while the stock trends higher and am thinking today may be an example of such. If an entity with a large portion of shares was to dump a percentage and sell at market price driving it down and also benefit from those that set a sell limit at a say 10-15% down and then head to work they can run the price down rather fast and buy back in lower especially if they don't buy back very quickly.

Could this be a new trend on the way up (I am of course assuming we are still going to go up higher)? I've decided to keep a cash position and a buy order for around 20% below current price and see if I can't make some money with this theory.

You hit the nail on the head. That is exactly what happened today. Once a huge selling push begins, and sell stop orders are triggered, its a cascading effect, that brings the stock down even faster. They know where your stops are.

[Siriusly]

OMG. I got in at .23 for 5k shares.

I put that in as a lark, this morning, before the market opened. LOL. I don't have as much as almost all of you guys, but all I can afford. At this point I have 30,550. I also do not have the acumen of all of you guys, but I am just watching, reading and learning.

Here for the Loooong run.

I'm in the same exact boat. Had an order in place last night for 5000 @ 25c. Executed when stock dipped. I won't disclose my complete position as relates to SIRI but I did make a decent profit on what can only be described as weird.

[trippingthespeculatingpos]

well its looking like you guys are going to get your down day, i dont see us passing .32 as of right now, hopefully this is the same pattern we were in earlier were we breaking our celings the next day and not a new downtrend, could break .32 ah hopefully im wrong

[Paratrooper_Rick]

You hit the nail on the head. That is exactly what happened today. Once a huge selling push begins, and sell stop orders are triggered, its a cascading effect, that brings the stock down even faster. They know where your stops are.

Again - hope some of you are taking notes.... stops are NOT necessarily a good idea when we have this type of manipulation going on.... they just shook a WHOLE LOT of people with that craziness this morning....

Learn from it and move on...

I'm still extremely glad I didn't have a stop on -

[Paratrooper_Rick]

well its looking like you guys are going to get your down day, i dont see us passing .32 as of right now, hopefully this is the same pattern we were in earlier were we breaking our celings the next day and not a new downtrend, could break .32 ah hopefully im wrong

I am hoping the new wall isn't formed up at .32... interested in hearing input from the rest of you...

I think this is temporary - but that is JMHO....

[Sundevil]

I'll put in a sell at .3199...That should ignite this stock to get back to .40...LOL.

[choirgirl]

Hi relmor, this might be a stupid question, but isn't that similar to the options activity, that is to say when a lot of puts being bought the stock is supposed to go down ? Or the other way around of course, like HUM and LVS with huge call activity in the last couple of days.

You hit the nail on the head. That is exactly what happened today. Once a huge selling push begins, and sell stop orders are triggered, its a cascading effect, that brings the stock down even faster. They know where your stops are.