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

[TWAsiri]

So Dodd is getting on board with reinstating the up-tick rule.

We’ll, let’s see now. Remove the up-tick rule at the beginning of what is certain to be a sustained market decline so big money can easily make billions by betting against companies. Short the market to pieces and when it looks like we are nearing a bottom……”Oh I have a great idea. Let’s reinstate the rule. That should help the Markets”. Do you think it’s a coincidence that they are talking about “talking about it” a month from now? Time for big money buddies to cover. Why do I feel like there is another substantial market pull back coming? Financials have to be the most heavily shorted sector.

Here we go.

BAC was up to 5.50. Splash of up-tick news all over MSM. Geithner calls for STRONG G20 stimulus and delays new bank rules. Stock drops to 4.51.

MSM articles from Fox

Safe Stocks: Do they Exist?
As the market continues to gyrate, traders are fleeing banking stocks in favor of consumer staples......sell, sell sell!

Dump Citigroup and GM From the Dow.....sell,sell,sell! And so it begins.

The SEC is corrupt. MSM is corrupt. The market makers are corrupt and our government is corrupt for allowing it to happen. And yes Dodd….we know what role you and your buddy Barney Frank have played in this debacle. It’s truly unfortunate that we can’t have some of these folks flow to
France and guillotined in the square. The world would better off. I'm going to go drink that bottle and eat the worm now.

[xitvp]

Geez....It's like there's a brick wall at the .159 mark. It can't seem to get into and stay in that .16 range.

I would think we finish in the .16's though.

[Joeboo1]

http://www.twice.com/article/CA6643436.html

Sirius Shortages To Find Relief
By Amy Gilroy -- TWICE, 3/11/2009 8:07:00 AM

Hauppauge, N.Y. — Responding to severe shortages on a key Sirius tuner, new Sirius distributor Audiovox said it will improve supplies of the product this month with consistent supplies to follow.
Retailers said the Sirius universal SCC1 tuner that works with many in-car radios has been out of stock since Feb. 1, when Audiovox assumed the role of master distributor for Sirius, replacing DEI Holdings.
Crutchfield and others called the shortages “acute.”
Audiovox said it inherited the shortages. “Basically, when the transfer of inventory took place from the DEI inventory, there wasn’t enough to satisfy demand,” said Audiovox OEM group VP Rick Monpetit. “Orders have been placed, and we expect to have inventory this month, with a consistent flow of inventory following this month,” he added.
Audiovox will also announce new programs in the coming weeks for new customers and said, “There may be a couple of price changes, not necessarily increases. Were looking at all models to see what the market warrants,” said Monpetit.
Audiovox has been the XM key distributor since 2005 and is now master distributor for both Sirius and XM.

I dont think its "acute" at all when your supplier cant produce one of your best selling products. Step it up Audiovox!

[Joeboo1]

Paratrooper Rick brought this up but I haven't seen any responses to it yet. Does anyone know anything about those PM orders? Volume was like 500k.

[mogami]

It was premarket 100 shares @ .24 at 528am the 500k was @.157 aftermarket

[xitvp]

Any closing price predictions?

[Beach Gambler]

Does anyone know if the CC is still scheduled for tomorrow 8am?

[Beach Gambler]

Prediction: 16.25 at close with heavy volume last ten minutes

[tucknroll]

I for one would not follow Mr. Brandon to a house of ill repute! I did however sell 66% yesterday for a profit. I sold the remaining 34% today pre market @0.166 after seeing what I believe to be a pre market resistance at .1697. The best bids are staying around 0.165 then 0.16. I could be wrong, but I think there will be an oportunity for a buy in, perhaps only briefly, about 2 cent lower than the current pre market. I can then buy back in and increase my share count considerably, without having to add more funds. Everyone has their own strategy. Sometimes you eat the bear, sometimes the bear eats you. BUT PLEASE, don't say were following M. Brandon.

ditto...sold 4/5 pm @.169 and if it falls back to .15 or less will double down my 1/5 still holding.....

[Beach Gambler]

I meant .1625