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

[Demian]

Demian on what basis do you think it's retracing to .25? On the basis that you want it to go there so you can rebuy all your sold shares today? Seriously what analysis are you using? you seem competent and surely post A LOT of updates meaning you are dilligent in finding research- moreso than most- but somehow I doubt your technical abilities given your track record. Sorry buddy but that's how I see it... i won't throw stones at you but I do question your rationales. Assuming you want to buy back in then you are long in theory right?

It was at the top of the 45 degree channel and every other channel you could draw. I was up well over 100% on the majority of my SIRI buys. The stock will be up 5 days in a row today....

If I have to buy back higher on a dip, so be it. The stock could retrace all the way back to .20 and still be in it's recent up trend. I don't think that SIRI can be green every single day....

The stock has mocked me before for not taking any gains on run ups so maybe I'm a little jaded......

Maybe I just plain ****ed up by selling too soon....

Does that answer your question?

[JohnnyIrishXM]

WOW, igo out to lunch with the wife for St.Pats day and all holy Hell breaks loose...Have to catch up with posts,be back..

But without any specific news to propel it up,I'm guessing it's just time for Big boys to take it up for their bottom lines...looks like most Funds and Inst. have loaded up already...
IMHO=Pre-bk Sp was $1.44 and that is where I'm expecting it to be by Aug. or Sept....

[Sundevil]

There was very little resistance below .35 about 15 minutes ago, now there is about 500,000 shares available for sale...What does this mean..People wanting to cash in I assume? Not many buyers down to .31, about 200,000 shares wanted.

I think about .3250 for a close...

[trippingthespeculatingpos]

brandon the street was waiting for the numbers, that was the start of the uptrend, at .15 it cant go up too much so thats why we started with 1-2 cents at a time, now thats its going up its gaining momentum and more buyers are coming so its gaining even more momentum. we will be over .50 by end of week

[Joeboo1]

Thanks for your advice guys. Especially about the patience vs, greed part. I was able to cancel my .20 limit sell last week after getting some sound advice from all of you here! I talked and talked to my boss about buying into Siri. He had only invested in mutual funds previously (401k). Well after a month of convincing him this was a good company I helped set him up a Sharebuilder account and helped him place his order for 10k. at 12 cents. I bet you can guess who will be getting a good review and raise in April!

[Paratrooper_Rick]

If this were bk avoidance related, it would have happened 2 weeks ago. This is much different.

That being said - what in the hell would bring the big guys off the ropes...?

I noticed a slight spike in news commentary about AAPL today... wondering if it's app related....

Either way - I'm sitting tight.... until I get to .40 - at which point I'm getting my initial investment back on either 1/3 (would prefer 1/4) shares ......the rest will ride.....

[Brandon Matthews]

U.S. Senate Measure Would Require SEC to Restore Uptick Rule


March 17 (Bloomberg) -- The Securities and Exchange Commission would be required to reinstate the so-called uptick rule under legislation introduced in the Senate yesterday.

Senators Ted Kaufman, a Delaware Democrat, and Johnny Isakson, a Georgia Republican, co-sponsored the measure that would bring back the restriction on short-selling.

“Abusive short-selling is tantamount to fraud and market manipulation and must be stopped -- now,” Kaufman, a Delaware Democrat, said on the Senate floor yesterday, according to a press release posted on his Web site. “The uptick rule should have never been repealed.”

“To permit people to sell shares they don’t have and won’t be able to deliver turns investment into pure speculation,” Kaufman said. “The time has come for this practice to stop.”

Lawmakers and companies including Charles Schwab Corp. pressed the SEC to bring back the uptick rule after the Standard & Poor’s 500 Index fell more than 50 percent since the rule was scrapped in July 2007.

In a short sale, traders borrow stock and sell it, hoping to profit by replacing the shares at a lower price. The uptick rule required traders to wait for a price increase in the stock they wanted to bet against and prevented so-called bear raids where successive short sales drive prices down.

The SEC eliminated the almost 70-year-old provision after a study in 2007 determined it was no longer relevant in markets dominated by fast-paced electronic trading.

To contact the reporter on this story: Nadine Elsibai in Washington at nelsibai@bloomberg.net.

[Paratrooper_Rick]

brandon the street was waiting for the numbers, that was the start of the uptrend, at .15 it cant go up too much so thats why we started with 1-2 cents at a time, now thats its going up its gaining momentum and more buyers are coming so its gaining even more momentum. we will be over .50 by end of week

and that is what I'm banking on - the only thing I haven't decided is whether I'm playing it safe and pulling a chunk out at .40 or .50 .... I'm leaning toward .40

Unless of course the consensus over the next few days is solid enough to convince me to hold out a little longer... regardless - I'll have between 66 and 75% of my holding in play after that point...

[stang3O2]

Good for you Joeboo! I'm kicking myself for not making my dad buy at .12

[Paratrooper_Rick]

U.S. Senate Measure Would Require SEC to Restore Uptick Rule


March 17 (Bloomberg) -- The Securities and Exchange Commission would be required to reinstate the so-called uptick rule under legislation introduced in the Senate yesterday.

Senators Ted Kaufman, a Delaware Democrat, and Johnny Isakson, a Georgia Republican, co-sponsored the measure that would bring back the restriction on short-selling.

“Abusive short-selling is tantamount to fraud and market manipulation and must be stopped -- now,” Kaufman, a Delaware Democrat, said on the Senate floor yesterday, according to a press release posted on his Web site. “The uptick rule should have never been repealed.”

“To permit people to sell shares they don’t have and won’t be able to deliver turns investment into pure speculation,” Kaufman said. “The time has come for this practice to stop.”

Lawmakers and companies including Charles Schwab Corp. pressed the SEC to bring back the uptick rule after the Standard & Poor’s 500 Index fell more than 50 percent since the rule was scrapped in July 2007.

In a short sale, traders borrow stock and sell it, hoping to profit by replacing the shares at a lower price. The uptick rule required traders to wait for a price increase in the stock they wanted to bet against and prevented so-called bear raids where successive short sales drive prices down.

The SEC eliminated the almost 70-year-old provision after a study in 2007 determined it was no longer relevant in markets dominated by fast-paced electronic trading.

To contact the reporter on this story: Nadine Elsibai in Washington at nelsibai@bloomberg.net.

And if anything could jostle the markets - and foil the manipulation - this would. Maybe they are starting to realize it's coming and are changing the game plan.... manipulating now in the OTHER direction...