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

[Demian]

Sundevil,

Trying to trade SIRIUS with a 3 day clearing restriction is really risky IMHO. You can get a margin account for I think as little a 2 grand capital, and you would be exempt from that 3 day clearing. You really need to get a broker that gives you access to extended trading...

Sometimes trying to save money ends up costing you more than you save....

[john]

I don't disagree with your strategy either, especially with BK off the table at this time... If your in a position to continually average down by add new money then it is a great strategy.... I also stated this morning that .20 is a wall because of all of the investors that got in at .09 - .12 and now are seeing a doubling of returns.... and played it for this short term gain. These folks as you say will "churn" through with new batches coming on board at different price points....

I also know that their are people like myself, who are not interested in adding any new money here to this equity. The pops and drops are for them.... I hope to be here until the r/s and by then, hope to have gained both shares and equity... My way of doing it is definitely more risky, and definitely has to be done by being "hands on", "real time", Level II, with 4 decimal place buy and sell capability only... otherwise it is foolish to even consider doing it on these moves that we are seeing now.... Without the right tools its like throwing a dart with the blindfold on.....

Well as you know cos1000, I have way way way more shares of SIRIXM then I ever wanted or like to have. That said, I am not selling shares for less then what I think they are worth at the time and as you know I will not sell shares for a loss ever, now that is stubborn (and got me into this mess). That may be the wrong play but that is just the way I play it, I cant help myself.

[jim98040]

http://news.cnet.com/8301-13579_3-10195827-37.html

[john]

Look at it this way...With the compete lack of advertising no one will know. Just like no one knows the Mirge is available (much less whatever a "mirge" is) and no one knows that all dead sirius receivers are going to be activated for a week...

Brandon, that was a joke, I agree that they need to advertise more NOW. I believe the problem before was that they needed to become more one company. Basically get their act together before they advertised anything. How pissed would people be if they advertised things and then come to find out the channel line up totally fliped or they got a radio for one servise only to find out a few weeks later that there was one for both services. I think the Mirge is going to be the big advertisement blitz (IMO).

[Sundevil]

Sundevil,

Trying to trade SIRIUS with a 3 day clearing restriction is really risky IMHO. You can get a margin account for I think as little a 2 grand capital, and you would be exempt from that 3 day clearing. You really need to get a broker that gives you access to extended trading...

Sometimes trying to save money ends up costing you more than you save....

Thanks for the advice Demian, and I completely agree. This is a IRA account and they won't let me trade on margin. I think if I did not have the 3 day, I would be in a lot better shape than I am right now.

Do the standard online brokers (e-trade, schwab, ameritrade) offer extended hours or do you have to go to a live person?

[john]

OK John. You win. Nothing has made me laugh that hard in a while. I'm going to go have a frosty beverage in celebration of a good week for Sirius. Back to lurking Monday. Have a good weekend everybody.

TWAsiri, Thanks I try. I try to put a little humor in each post. "killerkaul seems to like it and he gets the dry demeaning humor.

I know killerkaul was loving the Marine one, Semper Fi brother.

[buddylee]

Yeah e-trade and ameritrade do offer extended hours, never used schwab so I can't say.

[Demian]

Back to .20 in AH......

Sirius XM Radio Inc. (SIRI) After Hours Trading

After Hours Trade Reporting
After Hours
Last: $ .20
After Hours
High: $ .20
After Hours
Volume: 517,364
After Hours
Low: $ .193

After Hours
Time (ET) After Hours
Price After Hours
Share Volume
17:06 $ .20 1,327
17:06 $ .20 3,173
16:54 $ .20 2,250
16:47 $ .197 2,530
16:44 $ .197 1,000
16:42 $ .20 756
16:42 $ .20 1,821
16:42 $ .20 2,423
16:39 $ .20 600
16:39 $ .20 2,000
16:39 $ .20 3,000
16:38 $ .196 300
16:38 $ .197 538
16:38 $ .20 1,000
16:38 $ .20 1,362

[mcmaverick]

Thanks for the advice Demian, and I completely agree. This is a IRA account and they won't let me trade on margin. I think if I did not have the 3 day, I would be in a lot better shape than I am right now.

Do the standard online brokers (e-trade, schwab, ameritrade) offer extended hours or do you have to go to a live person?

I'm with Scottrade and have two different accounts - my cash account and my IRA. I'm able to trade before and after hours with both. The only restriction with them is that if you buy shares with unsettled money, you have wait three days before you can sell them. You don't have to wait at all to buy shares with unsettled money, however.

[killerkaul]

John,888's...............told you that you'd always be 163888 to me. LOL It's all good. Saber hilt to lips .............dress right....... attennnnnnnnnnshun. {hope I got that sorta right........... was never in the service myself. I guess you could say the FD was quasi military. I am familiar with attack mode. The days of riding and donning gear on the rear tailboards enroute............ the smell of smoke five blocks from the destination...... no breathing apparatus......... ah.... the days of coughing up black for three shifts .... sorry... I digress....... .. killer.