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

[relmor2003]

Here's a thought, which takes us back to the RS issue. What if institutions are loading up now in advance of a RS to increase their positions at a much lower price?

Was saying this exact thing on Seeking Alpha for months. Yes Brandon, I have felt this was the play long even before the R/S announcement. But really it makes litte difference, as they wanted in at the bottom regardless. If you have inside information that you know this company will not file BK, think how much money big money would have already made on this pig.

[sl62]

I will reiterate once again, we would all rather still be on SA, as it has a larger exposure. The whole point of posting there was for max exposure to the truth about this stock. This site is a decent second option.

yeah...some truth. They dig controlled spin instead...

[sxminvestor]

Im getting a feeling that the .40 cent short is out to play. Looks like that guy is right. Crazy. .40 cents must have been were the shorts were hanging out. Blue, generals, assemble the troops. Leave no man standing. Were talking this hill. Then on to victory!!!!!!!
I think we have a shot today, but I wont be surprised if we fail, and it closes around .36-.38. Not sure how much the MM's care anymore about these shorts. I have a feeling they lost the MM's support when big money was done buying in.(If they are, or very close to it).

The volume is picking up pre-market and we could actually see .40 taken out before the market opens. It could break out again into mid .40's.

[relmor2003]

ISEG as stated before I theorized was handling the shorting for the large holders. They are now the only MM holding the .40 cent line. And we saw what theyve been up to lower as well. Seems to be accurate. NITE was handling the major buying(shorts and MM's were working together in a way, with different agendas).

[JohnnyIrishXM]

Good morning everyone,looks like another run up in Pre-market.Just a thought here,remember we are reversing Bk prices and bigs are getting in,also alot of Mutual funds can't buy until it's a $1 sp..lLooked at the Inst shares and month they bought's values are all around .08 sp.so they have already avg down their positions...this is new money and old getting out..IMHO

[relmor2003]

Blew past .40 cents. I never thought .40 cents was resistance. Now beginning to wonder. I said it was .36 cents, which was more accurate. That was cleared now. Should be clear to .50 cents now. Not much buying in the .40's. Didnt stay there too long. Where the shorts are defending is pure speculation.

[sl62]

Here's a thought, which takes us back to the RS issue. What if institutions are loading up now in advance of a RS to increase their positions at a much lower price?

Brandon...

I can see that as plausable. However, I think this big move action is more related to short-term big money who knew they could uncover these dug-in short hedge positions and make them run like little school girls. I think we have to be careful the higher we go toward a buck of them kocking in gains and sending this thing into a free fall and allowing the hedge to re-sell into it...then once we stablize around right here (40's) we can move higher the right way...

This is to mechanical to be the real deal. It's a total play and at some point they're going to take their profits. I think it's about a buck. Look at Pre. The .40 position is breaking down already...damn.... .41 now...

[Brandon Matthews]

3 times more buyers than sellers right now. No resistance being put up. Hope this holds true during market hours.

[cos1000]

s162,

Just for good luck and taking your advice to help in hurting the shorts, I just bought another 3K shares for .399 hoping to push it over .40.... So far it worked..... Try it you'll like it.... GOOD LUCK to everyone on their trades today...... I'm outa here for the day......

[sl62]

Brandon...

I can see that as plausable. However, I think this big move action is more related to short-term big money who knew they could uncover these dug-in short hedge positions and make them run like little school girls. I think we have to be careful the higher we go toward a buck of them kocking in gains and sending this thing into a free fall and allowing the hedge to re-sell into it...then once we stablize around right here (40's) we can move higher the right way...

This is to mechanical to be the real deal. It's a total play and at some point they're going to take their profits. I think it's about a buck. Look at Pre. The .40 position is breaking down already...damn.... .41 now...

my typing sucks today...that's "locking in gains" LOL