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

[bananaz]

Thanks for the advice.

If you do that, you are only hurting yourself and preventing your broker from getting you a better deal with a partial tranche...you can't beat the MM's on this one...

[sl62]

Do you guys believe what this erpa guy posted on caps (other active thread to this one) in the forums about the SEC investigation into SIRI shorting...?

thanks for the heads-up..

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SIRI: Possible SEC investigation on Shorties?

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March 13, 2009 – Comments (4) | RELATED TICKERS: SIRI

I've just become aware of a rumor that the SEC is going to investigate people who've purposely shorted SIRI into the ground to profit via other methods outside of the realm of the stock market.

If this is true, then SIRI has been artifically kept low and I may be wrong about the $1 by the end of the year... it could be $2 or $3.

I don't like posting rumors, especially about the SEC when they haven't announced such an investigation, but I don't want people to be caught unaware.<<

Probably when they do they will find the bondholder hedge shorts...which are perfectly legal (unfortunately)...and probably what we just witnessed a minute ago on that .1999/.20 standoff... LOL

[mogami]

did you guys see that total manipulation? Plenty of buying pressure to take it higher and they stoned it...now backed away..let's see if we break through now...

just letting one of their buds get in a little cheaper

[sl62]

gotta run. bbl..

[mogami]

anyone who sells under .23 will get a nasty case of bleeding hemorrhoids, do you maggots understand!!!

[Far Away]

SIRI: Possible SEC investigation on Shorties.

If its Cramer?

[cos1000]

As far as an SEC investigation goes I doubt there is anything in investigating shorting this equity in general over the last six months. I would think that the GS ownership of the 127M in Feb bonds, eventually sold to Ergin, and the 70M Dec 09 bonds, and Winkes uncanny ability to take this stock down with his Right predictions for the Wrong reasons is where the SEC will find some meat to sink their teeth into... I have speculated that Mark Weinkes anouncement in Dec 08 that he would no longer be covering Sirius Xm ran parallel to their selling of Bonds to Ergen.... Too many people who bashed this company are tied to GS... for my liking...

[Sundevil]

Well...It's good to be wrong. Just got to the computer about 10 minutes ago and I am happily surprised that we are still in the .19's.

The magic 8 ball said "SELL" last night and I put in a GTC order for about 5,000 shares at .1975...Luckily it never got there... That is good, because I really do not want those Hemorrhoids!!! I will patiently wait until at least .25...

Hopefully Keysmark's mojo will do the trick.

[tucknroll]

anyone who sells under .23 will get a nasty case of bleeding hemorrhoids, do you maggots understand!!!

upped my position by 1/3 @.195, no hemorrhoids for this maggot

[relmor2003]

Not enough volume to break .20 in early morning normal market trading. Almost, just enough for them to contain. Barely. It was close for a bit. Fewer people willing to sell today at .20, but fewer people today who want to buy at .20 as well. Going to hang here for a bit. Based on past trading with Sirius, I would expect at least a test of .19 before moving past .20, maybe even .18 if they can get it there. Might take 2 or 3 tries at .20 before it breaks through. Definately still being manipulated, unfortunately. There was enough volume in the morning to break past .20, but they kept just finding enough sell orders to throw it back. Could be a reshort attempt at .20 cents, after covering prior.
Sold 1/5 position at .20 cents.