and these roughly 143M shares,Originally Posted by FoolNHisMoney
($172M / $1,000 lots)* 833 shares = 143M sh
paid as a fee,
are valued at a share price = .1055 cents/ share, roughly $15M which was the declared Fee for the Extension. This is simply the registration of the actual Fee Transaction.....nothing more than that....
No hard feelings - i just have a terrible memory for names and was typing fast... probably all hundred or so "malaria" shots I've gotten over the years.... go figure.....What am I, invisible? I'm beginning to feel like John!
You are a valued part of our honorary brigade... now grab some body armor and get ready to patrol the boards....
Homer is WRONG!
Sirius XM Files $1B Mixed-Securities Shelf >SIRI
Mar 12, 2009 17:32:02 (ET)
DOW JONES NEWSWIRES
Sirius XM Radio Inc. (SIRI) on Thursday registered with the Securities and Exchange Commission to sell from time to time up to $1 billion of debt securities, preferred stock, depositary shares, common stock, warrants or purchase rights, stock purchase contracts and units.
The satellite radio company said it intends to use the net proceeds for working capital and general corporate purposes.
No underwriters were listed in the filing.
Shares of the company closed Thursday at 19 cents, up 3 cents, or 19.63%.
-By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com
(END) Dow Jones Newswires
March 12, 2009 17:32 ET (21:32 GMT)
What could I learn about pre market para?
Pre-Market is something I pay attention to every day when I'm determined to follow a predetermined plan and hold all steady. If I want to buy in or sell a percentage to hedge against SP loss - I watch premarket and see what the big guys are doing - I watch the level II's and I's - and try to follow the overall trend...
Once I see the big guys hit the boards in pre-market - if they are playing early - I look for HUGE buys or sells.....
I'm not nearly that technically smart as the rest in here - but I try to use my common sense and come up with a good plan before I do anything.... worst thing to do with SIRI is let your emotions affect your position.....
I'm not saying don't get angry when Mel and his band of merry clowns have a stupid day - that would make me a hypocrite... and I get angry at stupid real easy......
Just use your head and whatever you do - make your decision based on the risk you are willing to take. If you aren't willing to lose everything - find a safe security to trade and let it sit. SIRI is for those with Iron will and rock solid nerves... otherwise you'll lose your mind in a week. Just pay attention to the overall trends and listen to the experienced guys in here and you'll do fine....
I think I'm cracking the tequila guys... so if my typing is slurred - I'm in happy mode...
LOL! Someone got the joke!
Not to me my friend..... always got your back.....What am I, invisible? I'm beginning to feel like John!
shell shocked it is...back to the bat cave and my security blanky!!!guys...
IMHO...couple things..
1. You can't forget that there is still a bit of housekeeping to be done on all these transactions. Not to worry. Hey of you're just day trading a penny here or there, then play it. No offense but bringing in RS factor right here is kind of premature. And for those of you that fear RS, remember for a company NOT IN IMMINENT TROUBLE, it's not necessarily a big deal. Smart money knows that. Trust this fact: the whole world already knows Mel has the authorization that expires Dec '09. And they also know a RS will be done this year. It's no surprise to anyone. And further, this SP will be much higher than this when that split is done. As killer says: No Fear...
2. At this stage fearing a .01 or .02 drop here and there is just giving you heartburn. When a stock is moving higher it doesn't just go straight up everyday (which we all know)..but over time you see the trend and suddenly you're significantly higher. There's going to be profit taking etc...and unless you're swing trading, I say take it with a grain. Personally, I feel better about not "having" to day trade from here. I'm satisfied with the direction of things and I no longer fear stagnation or some weird sudden drop back to BK(ish) levels. So I'm probably less inclined to swing it right now. We should start to see much better action day to day with more movement so that means less just flat trading like we've been used to (hence the slow move higher)..and that also includes dips but also has us breaking into new highs. If you're day trading from here, keep in mind we've now been up 5 straight so a pull back is entirely probable.
Not much more to say. It's pretty cut and dried. If you're window is still a few months out, it certainly won't be like the past two months and the SP will see higher highs over a tranche of trading days...I know many are still jumpy and still shell shocked. It's been a pretty traumatic 6 months for us all.
Nah, I was just funnin' ya!
That took some time to answer, I really appreciate you and all who contribute. I have 100k shares and would love to do well and I watch and learn every day so THANK YOU.
In response to Para's answer to my pre market question
Last edited by Beach Gambler; 03-12-2009 at 07:59 PM. Reason: Credit to Para
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