SIRI closes @ .198 on volume of about 52.6 million....
Amazing watching the flood of 100 share blocks streaming through below the bid and ask trying to bring it down during the final minutes of trading.....
SIRIUS XM SATELLITE RADIO FORUM
SIRI closes @ .198 on volume of about 52.6 million....
Amazing watching the flood of 100 share blocks streaming through below the bid and ask trying to bring it down during the final minutes of trading.....
Originally Posted by cos1000
cos1000, My problem is my luck. I still am holding the shares I got at .07, .11 and .15 because I know as soon as I sell this Fing pig will take off. Besides I am greedy. I wont sell any of the .07 til at least .28. Even then most likely only half. You see I believe most here wont make really alot off this stock even if it gets back to its old PPS or higher because they will have been long sold out by then and a new crop of investers will be in (or many will have missed the big up tic and not been able to get back in fast enough). This will happen (the change out of invester a few times) before we really move back up.
http://investor.sirius.com/releasede...leaseID=370643
Celebrate 125 Years of Metropolitan Opera History with Historic Broadcast on SIRIUS XM'S Metropolitan Opera Radio Channel
--SIRIUS XM will broadcast the Met's 125th anniversary gala performance featuring a host of stars, conducted by James Levine, live from the Met stage on March 15 --Gala marks the 40th anniversary of the Met debut of Placido Domingo --Met Opera Radio's day-long celebration will spotlight high points from Met Opera history, including many historic broadcasts not heard since their original performance
NEW YORK, March 13, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- SIRIUS XM Radio (Nasdaq: SIRI) today announced it will broadcast the Metropolitan Opera's 125th Anniversary celebration live from the Met on Metropolitan Opera Radio, SIRIUS channel 78 and XM channel 79, on Sunday, March 15 starting at 6 pm ET.
and to further our lessons in manipulation today we have:
What Does Painting The Tape Mean?
An illegal action by a group of market manipulators buying and/or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, lures in unsuspecting investors as they perceive an unusual volume.
yeah i saw that too
So I remain holding with my half position. Another good day today, gains were made and not lost at close. I think .20 will be broken next week, and I look forward to sharing it with everyone here. As long as Mel doesn't drop some sort of surprise bomb on us, things are looking up!
Those 100 share blocks were mine Demian. Trying to collect on my $2.18 bet. Looks like Cos was closest so I guess I'll forward him a prorated check that covers the balance of the spread.
Just sold my stake @ .1998. Will buy back in Monday when it falls back. I have this wierd sense of relief......
Hope I'm right.
One form of tape painting — as in painting the old ticker tape — is to drive a stock’s price up (or down) at the close. Traders believe it is common at the end of quarters, since money managers are judged by quarterly performance. Buy 1,000 shares in the final seconds, and maybe you can drive up the reported value of the 200,000 shares you already own, and thus make your performance look better. (works in reverse for short sellers)
Since everyone knows this can happen, some short-sellers sit poised to add to their short positions if any of the shares they are betting against should show a surge in the final minutes.
I had a dream last night that it was Sept 9, 2009 and stock was worth 9.99 per share
Of course it was the first sleep I had since I bought into SIRI a month ago...............
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