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

[mogami]

WOW 66 million shares and the price only moved .004 Wonder if that was a short opening up?
(since it was a sell it's not a cover)

[sl62]

Diction is everything. Mel needs a writer bad. I was worried this word would be regergitated(spelling), and sure enough I already found it twice now.

"The company, which had to sell a 40 percent equity stake to John Malone's Liberty Media (LINTA.O) to resolve looming debt problems, is looking for new revenue streams as its primary distribution outlet, new car sales, is looking "terrible" this year, management said on Thursday."Reuters
Never use that kind of wording in a CC. Say, pressured, or challenged, or rebounding, or ready to rise again, anything...
Sucks was worse, terrible is bad too.

Rel..

Right on..

Look what Bloomberg did with it..

>>Sirius XM’s Karmazin Sees ‘Terrible’ 2009 Auto Sales (Update3)

By Greg Bensinger

March 12 (Bloomberg) -- Sirius XM Radio Inc. Chief Executive Officer Mel Karmazin said 2009 will be a “terrible year” for U.S. car sales, the satellite-radio provider’s biggest single source of new subscribers. <<

Now, we know what he's doing here in trying to temper expectations..but he doesn't get that MSM just sits there waiting for just the right quote...and Mel gave it to 'em... and natch then MSM blew it up and made sure it was connected to SIRI's >>biggest single source of new subscribers<<. To say Mel needs media training is an understatement...and who knows if something like this didn't keep us under .20 today...certainly possible..

[Wirestripper]

WOW 66 million shares and the price only moved .004 Wonder if that was a short opening up?
(since it was a sell it's not a cover)

You normally short with borrowed shares from your broker, in the case of a retail trader. There is not much sense in buying shares to short, but I suppose someone might do it....(only there is likely a sec problem)

[mogami]

You normally short with borrowed shares from your broker, in the case of a retail trader. There is not much sense in buying shares to short, but I suppose someone might do it....(only there is likely a sec problem)

Hi, You borrow the shares and then you SELL them. You BUY and return the shares to close.

[Sirius_Long_Hauler]

WOW 66 million shares and the price only moved .004 Wonder if that was a short opening up?
(since it was a sell it's not a cover)

I still struggle to understand these things. Every sell is also a buy, right? To me, that transaction for 66 million means that someone was willing to sell at that price, and someone was willing to buy at that price.

Since we hovering closer to .1999, what does it mean? Was the seller ripped off somehow? Do we WANT to see large blocks like this? Seems like it can be interpreted both ways.

[Sirius_Long_Hauler]

Looks like .20 is holding strong now.

[sl62]

My only critique of the CC is it sounded like they did it over walkie-talkies. If your in the business of broadcasting your CC's should be broadcasted on the very platform that you are selling. Buffering crappy Windows Media Player. Come on! You have all of those beautiful studios, High quality streaming capabilities! A perfect time to shine and show off!

"Welcome to the Red Lobster conference call we will be serving 2 for $3.00 Big Macs throughout the call."

joe...

Most CC's use polygon speakerphones. This is the best you'll get. You can't clean up sh*t low res audio...Sorry.

[JohnnyIrishXM]

that 66mil trade could be the mm's helping a feb equity for debt seller and helping a short seller close a position..Feb debt were at .08 I think,nice profit

[Wirestripper]

Hi, You borrow the shares and then you SELL them. You BUY and return the shares to close.

Uhhh yeah you sell them short back to your broker, not to the market. The broker does the arbitrage in house as I understand it.

What you likely saw was a broker buying shares to replenish his stock, so to speak.

My broker, TDAmeritrade, brokes siri among others. They use the ISEG from what I can tell in my order strings. That also may explain the 100 share blocks from the options traders on TD. A excercised option would result in a ton of them from ISEG.

But I digress.

[Sirius_Long_Hauler]

.21 is on the way!