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

[LMaze]

Relmore: Sirius is the ONLY spec stock in my portfolio, my gambling is strictly limited to Atlantic City. Now i'm mostly in cash after getting out of oil and gas when oil was $130 per barrel. I've just started to buy oil and gas again, buying XTO and NSH. I like NSH for the yield and its depreciation pass thru. I've been in OXY since 1979 when I graduated college, in XOM always reinvesting my dividends, but I'm starting to look again at the financials, especially Wells because they have money to lend right now. Maybe later this year we can look again at Real estate investment trusts. For now, though, my wife and I are buying investment property at good multiples.

[Sirius_Long_Hauler]

Sirius_Long_Hauler, I think thats a big mistake. Not that you MIGHT get lucky with SIRIXM and make much more percentage wise. I just think you are taking to much of a gamble that it will happen compared to DSX. Look you are taking money out of a company that has almost no debt and exceptional metrics to put it in a company that have improving metric but a butt load of debt when compared. I just think you maybe sorry.

I do like DSX, and I plan to get back into it at some point. I have a gambler's mentality with SIRI and for some reason, I feel the need to hit the 17th CC with everything I have. I am playing with a relatively small amount of money compared to some of the bigger players here, so I want to focus my guns on one target at a time whenever possible. If SIRI pops on the 17th, I may choose to take it all out and go back to DSX if it's low enough. It will all depend on the situation. I know this is probably not traditional investing rational, but I really do look at the market as more of a casino right now.

[Beach Gambler]

I have been reading these posts ever since I bought in a month ago (siri .09 50k shares) and never have been so confused. It is fun and educational reading what everone has to say. I must say I will most likely sell after the 17th and hopefully either up or down will have some profit left over. I do want to admit that last night after hours I sold my CitiGroup that I bought at 1 dollar for 1.06 and am now ready to load my gun.......I had 5k of that, would have made at least 1500 hundred, well enough about me and good luck to all who own siri.

[nisvan]

imho
there's still to much uncertainty for the stock to break out yet;
sure, the dilemma with debt appears to have been cleared up,
or at the worst, substantially delayed; but there is still the lingering
question as to whether the business model can make money. Not until
that issue is resolved will it move. Iow, just because a company has announced to the world that it has successfully avoided BK for now, is there then enough justification for the thing to take off, especially for a new company, selling a new product, that has never yet shown a profit. For much of Dec and Jan, siri hung out in the low teens. Now it is hanging out in the mid-teens. That may be the bump we've gotten from the malone/no bk event, and that may be all the bump that is to be gotten from it, until the company shows that it is making money.

[relmor2003]

imho
there's still to much uncertainty for the stock to break out yet;
sure, the dilemma with debt appears to have been cleared up,
or at the worst, substantially delayed; but there is still the lingering
question as to whether the business model can make money. Not until
that issue is resolved will it move. Iow, just because a company has announced to the world that it has successfully avoided BK for now, is there then enough justification for the thing to take off, especially for a new company, selling a new product, that has never yet shown a profit. For much of Dec and Jan, siri hung out in the low teens. Now it is hanging out in the mid-teens. That may be the bump we've gotten from the malone/no bk event, and that may be all the bump that is to be gotten from it, until the company shows that it is making money.

I agree mostly. I only disagree with them making money. They just need to show HOW they CAN make money, and then show progess of this plan. No plan right now. None. Mel has announced no plans for future revenue streams, new apps, and we have no information about effectivness of BOB, internet price increase, or inter radio sales. Nor lifetime sub numbers. Remember, penetration rates on auto sales is going past 50% this year as well. Welcome the Toyota factor this year. They dont need to make moeny for this stock to take off, just prove then CAN. Then when they actually do make money, you will see the 5-8 billion market cap and more come into play at that point.

[Beach Gambler]

Just checking to see if my picture shows up.

[Wirestripper]

The larger issue today appears to be the entire broader market. The hedge funds are the primary buyers, and the dollars from retail and the big investment funds are not coming in until they are sure it's not just a bear rally, one day and done.

Siri is no longer on the big institution list, and it's mainly retail and the mm's. As long as the volume stays crappy, we won't see much and that is the problem.

To get them back in, the stock price has to be higher, and yes, they do need to improve revenue and lower costs. Until then......this stock will drift higher, lower and stagnate with bumps on good news.

No news today!

[SiriusXMInvestor]

At what point does Mel discuss the daily manipulation of his company? The stock is being controlled by 100 share trades, probably from the same entity buying and selling to themselves. When does it phucking stop?

[nisvan]

i agree on the need to show how they can make money;
i'm not sure they know; i think they're still a bit shellshocked
from avoiding bk and from getting the malone boost and inter-
involvement; also i think they're still stuck in the paradigm
of making this work by selling subscriptions via car sales; that
business plan worked for awhile, but it's a new world, and that new world may be GM-less. It may depend on apps in other products. Also: Is there consideration to Siri selling $2.95 internet subscriptions to the 8 or so billion potential subscribers in the world who do not have satellite coverage?

[Paratrooper_Rick]

At what point does Mel discuss the daily manipulation of his company? The stock is being controlled by 100 share trades, probably from the same entity buying and selling to themselves. When does it phucking stop?

I sense some frustration..... you just have to resign yourself to the idea that buying into SIRI right now - (we know it will/should/can go up) is like getting your hands on a scratch lottery ticket from seven eleven. I'm sitting on what I picked up at .13 and I will HOLD. At this point - I realize the MM's will have to be substantially countered by things way out of our control in order for the SP to climb.

I would say I'd like to see the uptick rule help out - but I don't even think that will affect the MM's ability to screw SIRI as much as it should. Just take some small comfort in the thought you are not alone -

Keep a bottle of bourbon or tequila near your desk if you're in deep into SIRI - that's what I do