This company hasn't proved themselves yet. They haven't turned a profit to prove the critics (shorters) wrong. Once they show their business is viable and we move upwards, then a r/s can be implemented.Originally Posted by winagain35
well he has sorta been right asit dropped to .1342 today and i n ever would of imagined that, but if it gets to .12 ill be shitting myself, and probaly punching things lol
look what is clearly wrong here is that this stock has traded at these levels when bk was expected, now that bk is not expected its still trading at these levels? Your right about the manipulation part.
It's criminal. Watch the real time action - the MMs walk the price down with tiny blocks, 200, 300 shares. How can a stock with 3.8 billion shares be driven down with a 20 dollar trade? I know you disagree with me on the RS trip, but man, I just don't think this kind of stuff happens to five dollar stocks.
your right winagain its easier to manipulate at these level's but i just think a r/s is the end of why i got into this stock heh, i think we can get out of these level's once all the institutions have finnaly covered their shorts and have gone long, another thing holding it back could be that the mm's are waiting for the quarterly result's cause right now no one knows what situation siri is really in, once that gets cleared up and things are still looking like they did last year growth wise maybe then the mm's will let it climb.
to sum it up we can still get out of these level's its just going to be a bumpier ride with all this manipulation, a bumpy and stressful ride for us longs
Even if the shorts "cover", they will be right back after the sqeeze when things settle down. This company still has the same amount of debt it had last week.
give it some time - months perhaps - after a quadruple bypass (see liberty/sirius deal, 2/17/09) - a patient who was facing an imminent coronary thrombosis, isn't about to walk away the day after the operation; alive, yes, walking, uh-huh.
when bear stearns started failing in march 2008, it took several months for the market to react
even when fnma and fmac started failing a couple of months after that, around july, it was still yet a few more months before the market really took it to heart and decide to self-implode
i suggest the same with siri - it's going to take some time - months, for the benefits of what happened the 17th, to have a true effect on raising the market cap of the company - in the meantime, siri-xm avoided annihilation, and now the company can really, really concentrate it's full energies into putting out even better products along with more and improved advertising to the general public (source of future investors); also more stock funds will buy into the stock as well
patience
Down she goes.... I'm hoping for .09 so I can buy in again. With no BK I'm much less fearful. I'm not sure what to make of the talk of MM manipulation, is wall street really that corrupt for this many years to keep messing with this stock? Yahoo boards talked of proof of "painting the tape" but isn't that like saying X is rigging the vote as you watch the results come in? Seems kinda hard to prove 100%.
(Guess I'll always be an outsider).
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