SIRI Intraday Updates for the Week of 2/09/09

[Demian]

Please post links with articles........here is the link for this one.

http://www.bloggingstocks.com/2009/0...irius-xm-siri/

A quick surge in Sirius XM (SIRI)
Posted Feb 10th 2009 7:10AM by Douglas McIntyre
Filed under: Sirius Satellite Radio (SIRI)

Sirius XM (NASDAQ: SIRI) jumped up on news that EchoStar (NYSE: DISH) was buying its debt, probably to try to get control of the satellite radio company. When it did not look like a deal was imminent, the stock backed off.

Trading at $.11, it will probably make another run. It may not last long, but on a percentage basis, it should be a good ride. Some experts are beginning to think take EchoStar will make another debt purchase and that it has no interest in putting Sirius into bankruptcy. "It'd be better for him not to put it in bankruptcy and to buy it as a going concern," said Jake Newman, analyst at CreditSights. There is also a good chance that EchoStar will have to buy most of the Sirius debt coming due this year and next.

If EchoStar is serious about getting Sirius, the next announcement about it moving further along in debt purchases should offer some encouragement to investors.

Where the stock trades now, holders have already given up. It won't take more than modest news to create a brief recovery.

Douglas A. McIntyre is an editor at 24/7 Wall St.

[Demian]

It seemed like a gift.....




For many it has been a heavy burden holding Sirius.....

[nisvan]

The market is in free fall today, and yet Siri is holding
or in slight appreciation.

Like I said yesterday, the drop to .11 is a buying opportunity.
The market has analyzed Echo/Ergen's move and has sifted
fact from rumor. Otherwise, it'd be dropping today moreso
on the market deciding that bankruptcy was a more likely scenario.
Granted, no one ever said Siri was a blue
chip. We all know better than that. (Gee, I didn't get my
dividend check this month, must've gotten lost in the mail!)
Well, Siri's not that kind of company. It is pure speculation,
based on long term growth, with high start up costs. Having
said that though, once the 17th rolls around, 11 cents
a share may be a thing of the past. It's only there now, I submit,
due to negative WSJ spin, and the market taking a beating
today. Otherwise, I believe it'd be a few points higher based
on the rational thinking recovery (via post news fact gathering
re Ergen, Murdoch, Echo, etc.) taking place post WSJ negative
spin.

[Demian]

HELP! Can't see anything now.......

[bananaz]

OK, a quick question which may have been answered elsewhere: The bonds are due on the 15th, a Sunday. Does the payment shift to Monday the 16th instead?

[winagain35]

OK, a quick question which may have been answered elsewhere: The bonds are due on the 15th, a Sunday. Does the payment shift to Monday the 16th instead?

Since Monday is President's day, the payment actually shifts to Tuesday, the 17th.

[Demian]

I just bought another chunk of SIRI @ .1125 with the cash I deposited in my account yesterday...

I think that SIRI's advertising efforts are going to pay off in the Q4 report....

[dmo2424]

Let it be said that Demian started the rally with his latest purchase! I also bought some more this morning at .1115

[Demian]

I've got more clarity now.....

[Demian]

SIRI closed up 3.55% @ .1139 with the market bloody red and the DOW down almost 400 points. Volume has decreased back down to about 38.7 million...

P.S. - For the record......I was joking about SIRI's advertising efforts. That was a joke and my attempt at humor.