o okay now its a .15 cent stock really who are they kidding.
SIRIUS XM SATELLITE RADIO FORUM
o okay now its a .15 cent stock really who are they kidding.
.14, .13, .12 , .11,... 0?
lol. I'm sorry dude, i'm a lurch and don't contribute much, but i've been reading for a while now, and you sir are a complete jerkoff.Originally Posted by Siriusowner
On a related note, it does bring some balance to the forums.
This is why I think we need a reverse split - sooner rather than later.
The MMs can easily manipulate the pps at these levels and they aren't going to stop. The share price right now is unattractive to new money... the only one's buying right now are US, the long believers and the daytraders and MMs who are penny flipping and manipulating and will not take their foot off our throat anytime soon.
BUT - if we get the share price above five bucks... there will be a LOT fewer shares, the stock will be marginable, it will look more attractive to new buyers, both retail and funds, we won't be trading in decimal points anymore, there will be an accounting of registered shares, so the fails to deliver(naked shorts) will be forced to cover... AND the MMs and daytraders will not be able to manipulate it as easy.
I know this isn't a popular opinion - but I think it has to be done to breath life into this equity. This PPS needs a makeover!
man i really hate this stock. .14 cents! give me an effin break.
a r/s split would not help, a r/s would just bring the shorts back and the price would go down again, a r/s would kill this stock.
Ditto that.
Prediction......
SIRI will close green.
I'm sorry to tell ya, but the stock appears to be on life support right now.
Think market cap, not share price. It's reasonable to believe that this company could/should command a market cap of $5billion. We're at $600million now. So no matter what the share count is, we're way under valued.
The problem with being a penny stock is that the rules are different down here and they're much more favorable to the miscreants who manipulate the price. You're worried about the shorts having more meat on the bone with the reverse split, but you've also got to remember we need buyers... lots of buyers and at this level, it just ain't happenin. Who wants to invest in a penny stock in this economy?
Is he right?
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