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

[cos1000]

In addition they will throw odd lot, all or nothing, bid and asks in front of NSDQ and ARCX orders to slow things down so that they can regroup for their next charge... most retail orders go out over NSDQ or ARCX so this is another way to keep the Indie Trader out of the game..... when you know this you can do the same by setting up your order for execution, waiting for the last minute to set exact 4 digit price and then execute in front of them.... I love it when I am able to do this.... Its how I bought my block today at .1901, they got comfortable for a second thinking they were going to take it below .19 and I was able to take advantage....

[mogami]

rats at sharebuilder won't let you set price except in whole cents. I have to pay or take whatever they feel like giving me. I've seen my trades sit open till price rose or fell .005 Then they jack me for each share I buy or sell. (example I sell at .19 but after all their robbery I realize .1825)

[SiriusHope]

2 hours to go...hope we can close the day at.20 and enjoy the weekend even moreso.

[Gallep]

Hey here's some good news!

http://www.linexlegal.com/content.php?content_id=83465


I didn't know there was a pending law suit against SIRI regarding this...

[john]

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...

cos1000, I agree this stock has confused the hell out of us. How many times have we said there is no way it should be this low.

http://siriusbuzz.com/forum/showthread.php?t=735

So as you can see the PPS has never made to much sense.

[mogami]

Who is the regimental commander up here? Colonel if you can't take this hill I'll fire your a$$ and find someone who will.

Kick some butt, build a fire under your people and get up that hill

[Brandon Matthews]

They are certainly guilty of frontrunning to be sure.

[cos1000]

Hi, On level II they are showing as 100 share bids, or 100 share asks. Always lower then what traded right before them.
Partial trades show by subtracting from the larger share number (example ask is 30,000 shares at .1800 when 200 are sold ask goes to 29800 shares at .1800)

not disagreeing on how they are calculated on NSDQ and ARCX for retailers / indie traders using these two platforms... many of the the small bid / ask positions are simply place holders for bids and asks on these other MM platforms that never get executed or are modified in share volume before being executed.... there is no way to know what each of these are... If you look at level two, these place holder bids are setup already by some MM's at .18 and .1701. If the stock moves to these levels their orders get modified in volume and then executed if they wish.

[SiriusHope]

why are mm's holding down the pps...wouldn't they gain more to get pps up further?

[cos1000]

They are certainly guilty of frontrunning to be sure.

and for everyone else from Wikepedia:

Front running is the illegal practice of a stock broker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers. When orders previously submitted by its customers will predictably affect the price of the security, purchasing first for its own account gives the broker an unfair advantage, since it can expect to close out its position at a profit based on the new price level. Front running may involve either buying (where the broker buys for their account, driving up the price before filling customer buy orders) or selling (where the broker sells for its own account, driving down the price before filling customer sell orders).