SIRI Intraday Updates for the Week of 3/16/09

[sl62]

guys..

the dawg's out....gotta give it room (and time) to run...patience my brothers...

During this correction we won't know when 1M/sh will show up at the post to buy. All we know is that it will...

love it...

[trippingthespeculatingpos]

THIS ONE DOES DEMIAN!!!!!!! we will see .40 before we have a down day haha if not higher.

[learn to think]

learn..

Never a bad thing to lock profits...but in this case you have to ask yourself what is SIRI really worth. Even with debt issues and a frozen credit market, the SP was valued @ 1.50 after the deal. So is it stil worth that now is the question. I say yes. I know one thing. It's worth a heluva lot more than .30...and I think there is little reason for it to not get there sooner than later. I don't doubt that Mel and 2014 bondholders have talked about how the hedge will work short term. SP must keep up appearances too though, so a nice easy climb-back is the way...IMHO...

I agree with your 1.50 valuation, and the market cap going over 1B is definitely a good sign. I agree with Relmor that the MM are going to ease the stock price up as slow as possible. It seems in increments of .03 or .04. It just seem that everytime the SP hits a wall (now at .28) that the stock retreats a little bit later in the day. So I'm looking to pick up some extra shares.

[relmor2003]

I Just sold another chunk of SIRI @ .28..........

I have now sold 2/3 of my position......

Plan on buying back.....

No stock goes straight up.......does it?

Im going to say too early. I would have sold at .30 and 32, then watched for a pullback of significance. But you cant go broke taking a profit, so good job. You made some nice gains, and no shame in taking them. Just dont think your going to get a good buy back before higher levels. But I could be wrong, as Ive been wrong before.

[Lithium24]

Airman because of the number of sell orders sitting at .29 compared to those sitting at .28. But to be honest, looking at Level II, I cant see why its not breaking .28 so Im missing something, that or I just dont know what Im talking about. Im leaning toward the the second choice.

Relmor, Watching Siri stock is a cure for A.D.D!

[sl62]

I Just sold another chunk of SIRI @ .28..........

I have now sold 2/3 of my position......

Plan on buying back.....

No stock goes straight up.......does it?

only during a correction...many thought .19 was it and here we are. I learned my lesson years back on a now defunct ticker called PROX (Proxim). I kept saying they can't go up again today...and they did. Just depends on how much new money is lined up right now. Or how much more short covering is yet to happen. We just don't know. My only caveat about getting out during a correction is then when do you get back in? Could only be a one day pull back then up again. I recommend new money when it does pull (if available of course! Understood that these days new money is easier said than done) IMHO...

[Demian]

I still have 1/3rd of my position and plan on buying back. If it still goes higher before any pullback, I'll still be making money....

When you have over 100% profit on your recent buys, I have learned the hard way that it is smart to take a little off of the table....

I didn't sell all of my position.....

[sl62]

Im going to say too early. I would have sold at .30 and 32, then watched for a pullback of significance. But you cant go broke taking a profit, so good job. You made some nice gains, and no shame in taking them. Just dont think your going to get a good buy back before higher levels. But I could be wrong, as Ive been wrong before.

agreed. Never met a locked up profit i didn't like!!

[airman]

Relmor, cos, sl62 and any others that have insight,

What do you think will happen with siri when we have a retest of the bottom of the market.
Will there be little effect since we are still so much below fair value? Or the fact that we are in the process of correction, At what price to you think the overall market will have effects on siri?

I think there may be minor effects but until we top .50 not so much ... just wonder what others take on this are?

[sl62]

I still have 1/3rd of my position and plan on buying back. If it still goes higher before any pullback, I'll still be making money....

When you have over 100% profit on your recent buys, I have learned the hard way that it is smart to take a little off of the table....

I didn't sell all of my position.....

never a bad thing...weel done..