Hard to imagine Maria B with an apple in her mouth, laying on a platter!Originally Posted by sl62
SIRIUS XM SATELLITE RADIO FORUM
Hard to imagine Maria B with an apple in her mouth, laying on a platter!
Guys: SIRI is an approximately $4+ billion company in total invested capital with only 170 million shares of short interest. At todays closing price of 14.9 cents that is $25 million worth of shorts or about 1/160th of the approximate value of the company. It's almost not material. After tomorrow there will be even less short interest. As with most penny stocks, there is intra-day MM controls in this stock, but when the volume comes in, there has only been one direction in this stock since the BK was taken off the table. Liberty, has shown on CNBC today, is very interested in SIRI.
SIRI is thinly traded (16 million shares at 14.9 cents is $2.4 million today). The real value of the common shares will come out when the volume comes.
currently LONG 400,000 shares at around 10 cents a share
Yes this is good news and as I suspected. This is Feb B SI. Which includes the retreat from the second minisqueeze on the news of the phase 1. But all the contingencies (resolved last week) caused a reshort. It's what I thought then and this proves it. Some thought shorts left the building but they are still here. Which basically means since we haven't popped yet, and vol has been pretty low, a decent unwind on this current SI will help us. I think it's changes very little since then. Again, as said, it looks like they were waiting for Q/K. So hang in there fellas. More fireworks to come...
That's about normal short int. for siri. It went down some, but then up because of the BK business. It should go back down now. Those figures are delayed and we are still looking at Feburary.
I noted that Market Edge has there March 6 rating as a long. They mentioned all bullish chart trends.
I went to the long term options and I found 5.00 calls for Jan 2010....thousands of them.....It was the only options that had interest.
I'm guessing they are hedges.....but I don't know...Not a options master.
But having said that, This interview will help a lot for the balance of the week until we get to next week and the Q. The stock should hold up now.
Maffei did a great job,,, for a moment I was seeing him as SXM's new CEO. LOL........ I thought he presented two items that I and many have discussed... a Free Service, sponsored by ads (my take is on existing not active radios first), and sat rad everywhere portable or where there is a Terestrial Radio today.... eat that NAB He also said Liberty was willing to work with SXM future debt, such as the May 2010 due and said look to see something in a couple of months pushing that out further....
For those who don't follow the SI, basically our progression has been the following. Highest report ever was 310M July B (btw, every month SI (short interest) is reported in two tranches: and A and a B.) From there SIRI hung around the 200's. Jan B (On the way to the .05 BK debacle) SIRI was the second highest SI at about 270M. Then came mini squeeze #1 on Ergen news and there was an unwind down to 158M. Even though SP retreated. So it baffled. Some thought that first takedown was outright selling and jumpers. The came mini squeeze 2 on Malone phase 1 in early Feb. So we retreated again on incomplete deal news and the big question was: Was retreat #2 shorts? Now we see it was. Not a gynormous increase but one neverthless. 13M shares isn't huge but still 13M. Eventually, when this SP turns, SI will head back down to normal levels of about 120M-ish or even a little lower (which is where it was most of '08). That's some perspective from where we are now @ 170M.
We may get to exercise the Dog yet. Tomorrow could be interesting. ..killer.
Now if we can get a few good positive articles to come out this week based on that interview...Maybe we can see a nice push upwards in terms of SP until the CC.
How did you guys learn of it and is it posted on the web yet to anyone's knowledge? I'd like to check it out.
Also, I left a response about something HOMER mentioned over the weekend: his comment in the BRANDON thread where HOMER stated if the SP ever got up to $44/share: I didn't understand why that would be an issue. Can anyone elaborate on what he possibly meant by that?
Thanks!
KR
Reply With Quote