SIRI Intraday Thread: Tuesday March 31st

[JohnnyIrishXM]

BTW,we don't want small people to buy,we want large smart institutional money to get in and push SiriusXm up to at least 70%stake,where as now it is at 50%..

We meaning long holders!!!

[john]

Since I dont see how this news affects Sirius other than positively, I dont think its an issue with big money. GM selling less cars is good for SiriusXM, so I really think its a non issue. If your going to buy a new car, are you NOT going to now because GM is possibly going bk? No , just buy a Ford or Honda, whatever. If Sirius money is waiting for the bailout news, then they dont understand the company, and they should buy now. News for Sirius is only going to get better. Whatever gets Sirius the opportunity to redo that contract, thats what im shooting for here.

Did you see DRYS, I warned you about that debt problem they had long ago, when "Sirius Long Hauler" asked.

[bth54]

Why should people be rushing to buy when 2/3's of the auto industry is
on the edge of bankruptcy? Even if there are benefits to Sirius/Xm as some have argued it justs seems logical that an unstable car industry would cause people to hesitate purchasing the stock. We have up to 60 days of uncertainty ahead of us so shouldn't that cause the price to stay close to where it is now?

This may be a valid point, but I think it's only valid if you are looking for short term gains.
I believe for the long term interest total sales ( car and personal) matter more than just GM & Chrysler

[relmor2003]

They won't be able to beat it down, but they can still sell with every uptick. Seems like they are practicing that today.

True, but at least they will have to hold more real shares now to be able to do that. You cant sell shares you dont have on the down tick, basically. May require MM's to gather more shares to manipulate. So thats cant be bad. Wont hurt.

[relmor2003]

Did you see DRYS, I warned you about that debt problem they had long ago, when "Sirius Long Hauler" asked.

Yes, I got out of that with a profit. Not holding TWO pigs .

[lloyd Handwerker]

BTW,we don't want small people to buy,we want large smart institutional money to get in and push SiriousXm up to at least 70%stake,where as now it is at 50%..

I am not a stock market expert. I go with my gut after gathering as much information as i can. Can you please explain why its advantageous to have at least a 70% stake by institutional investors. Is it simply about having less traders and therefore more price stability.
Why would large institutions make big bets now on Sirius/XM in the midst of all this automobile and economic uncertainty? I know they look out a year ahead but ....

[siriuslyxcited]

Question: Not to sound ignorant but what does MM mean and how are they controlling the stock price? I'm long siri....have 2 cars with subs, a sub for my house, sub for the girlfriend, sub for my mom, sub for my dad...and my little sister is graduating college in may....guess what?...another sub coming...may be minuscule my effect on the subs....but i'm doing what i can*

[john]

Yes, I got out of that with a profit. Not holding TWO pigs .

Good man, I never trusted the CEO/dictator of DRYS. Anyone that tells his shareholders, I am doing this and if you dont like it, then tuff you can always sell your shares. Is not a company I want to be in.

[bananaz]

XM, the wholly owned subsidiary of Sirius XM Radio, has filed an application to expand it range of frequencies to include the Sirius Satellite Radio band of frequencies.

http://satelliteradiotechworld.blogs...t-band-of.html

[JohnnyIrishXM]

I am not a stock market expert. I go with my gut after gathering as much information as i can. Can you please explain why its advantageous to have at least a 70% stake by institutional investors. Is it simply about having less traders and therefore more price stability.
Why would large institutions make big bets now on Sirius/XM in the midst of all this automobile and economic uncertainty? I know they look out a year ahead but ....

We actually had a washout exchange at .08 by big funds,as they've been beaten down last year,so it looks good to buy in jan. and show a 400%return
for 1Q reports to lure new investors..It would look the same IMHO if they buy at this range for end of year return % for same reason..New money will be coming back into the market this year,not sure when but it will,so every winner helps their bottom line.Unfortunately alot of funds can't buy penny stocks,so that is 1 of the reason you will hear a R/S mentioned on here.
P.S. big funds move stock price up with big buys and holds,and less shares to sell.