You make some good points on a weekly vs. daily thread. A weekly thread makes sense to me. Thanks for what you do here.
SIRIUS XM SATELLITE RADIO FORUM
You make some good points on a weekly vs. daily thread. A weekly thread makes sense to me. Thanks for what you do here.
Looks like we've just started to make a move on nice volume. Start of the pre-conference call spike before the post-conference beat down?
Originally Posted by proactiv
Thanks for the summary. I sort of new those numbers, but it's really nice to have them staring at me!
We're up 2 pennies already today. This morning may have been the buying time. I'm jumping in at the next dip and then jump back out after a 4 cent rise.
I've been doing this for over 18 months. Sooner or later, I'll earn back the money that I invested when SIRI was in the 4 dollar range.
Sounds good to me regarding weekly thread,we can always start a new thread on big news days like CC and Earnings or Debt refi's...
As far as a stock price prediction short term,i have no clue,but a slow run up is preferrable to us longs,True...
Pretty sure most smart money has gone long now,with minor pull backs of 3or 4 cents going forward,except when we get close to .60 and definitely $1,there will be massive sell offs for profits,IMHO...
I would like the long thread too. It's much easier to keep up with Julie and the night owls that way!!!!!
ok,here comes the beginning of a run up,on level 2 bids are up and buyers want in,,think you missed your last buying opurtunity in low .40's for a while.
I vote YES for the weekly thread . . too many good topics artificially cut short by current day-to-day forum protocol
one of the last great buying opportunities for this equity is now breathing down our necks . . . imvho
Can anyone see a contrarian angle to this??
Neal Barkett says:
July 30, 2009 at 10:30 pm
Thought this would be very interesting to all concerned. This is from “TRADING FLOOR BLOG”.
Traders Snap Up December-Dated Calls on Sirius XM Radio Inc.
7/30/2009 3:31 PM
permanent link
Keywords: SIRI
Sirius XM Radio Inc. (SIRI) was targeted by a wave of call volume on Wednesday. During the course of the session, the International Securities Exchange (ISE) reports that traders bought to open 1,462 calls on SIRI, compared to just 1 put.
Most of the day’s action was concentrated around the December 1 call, where 2,993 contracts crossed the tape on open interest of 32,192 contracts. Trades occurred between the bid and ask prices throughout the day — although, with the bid wavering between zero and $0.05, it’s tough to glean very much information from this fact alone.
Instead, it’s probably more relevant to observe that implied volatility on the December 1 call jumped 69.3% yesterday, pointing to growing demand for this back-month bet. Additionally, open interest at this strike rose overnight by 1,635 contracts, suggesting that traders were most likely adding new long calls here on Wednesday.
This rush of upbeat speculation comes just one week ahead of SIRI’s second-quarter earnings report, which is due to hit the Street next Thursday, Aug. 6. Analysts are expecting a loss of 1 penny per share, a notable improvement from the satellite radio issue’s year-ago loss of 6 cents per share.
On the charts, SIRI is faring reasonably well, considering it’s been docked south of the $1 marker since September 2008. The shares are trending higher along their 10-week and 20-week moving averages, which have provided support since mid-March.
-posted by Elizabeth Harrow
7/30/2009 3:31 PM
Watch the last 5 minutes of today's session. I guarentee SIRI will not close > 2.7 cents. Sorry to be so cynical, but it happens over and over and over......................If we were going to see a pump and dump situation....it should have started by now. And it doesn't seem to be happening.
With only a few days until the quarterly report, I would have thought the price would have been a bit higher than it is.
So, what do you all think about this? Does it feel like a great time to sink 5 or 10K into SIRI and let it run up to .50 and dump it? Or do you think the big run up and then let down isn't going to happen? For those of us that are really long, the slow run up is good. But, if it dumps, we may be missing a wonderful money making opportunity.
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