lets just hope that drop was a head fake, the chart still looks good, maybe we just need to run through the .40's and 50's a little slower this time :O peace yall lets hope for some good shit tommorow.
SIRIUS XM SATELLITE RADIO FORUM
lets just hope that drop was a head fake, the chart still looks good, maybe we just need to run through the .40's and 50's a little slower this time :O peace yall lets hope for some good shit tommorow.
You guys, people read this stuff, and they could make decisions based on what is read. I know that sounds a little amateur, but that is what all media does. All that dilution talk scare and R/S talk is unfounded. If you search anywhere, the only news you are going to find about Siri is pretty much the same exact news you had before the stock market opened today. Today was a bunch of day trader driven frenzy, and unless you want to call that your full time job, which I prefer not to do, then I suggest everyone needs to take a break and relax. We aren't going to see .13 or BK talk, so all we have to do is wait for it to keep going up, with its dips and climbs, and eventually in a couple years, someone will look back and see all this talk during this time while they are looking at their SIRI stock in their portfolio at 15.75 a share.
Alright found the SEC document... WHOA WHOA WHOA.... Why the hell would they want 9 billion shares? I take it they are planning to dilute the hell out of the stock once we reach a certain price and then hit us with the RS???
Sometimes this company can really piss you off! Things are going well then they come up with this bullshit, what the hell??
Last edited by Hopeful; 04-20-2009 at 10:23 PM.
Hi Trip, hope you are right. It was kind of scary to see it go up to .63 and then down below .50. I am lost here and to be honest getting confused.
I really hope patience will be rewarded, because I would like to keep this stock for years to come, but all this r/s and bk and dilution drives you crazy.
I covered my shares with Sept. calls, sold for .10 and hope this pans out well.
Originally Posted by trippingthespeculatingpos
looks like the MM's loaded up with plenty of 100-500 shares at .47 for blocking tomorrow's trades.
NOTE....that happened in AH trading
as i reviewed all of the AH trades it seems the MM's covered shares at most denominations from .47-.485 with lots of volume in AH.
could it be the shorts are loading up and trying to bring it back down to high 30's from the 60's it reached today?
IMO...if you can drive it up to .63 then to close at .485 and hold millons and millions of that 193 million traded today...some serious money was made shorting it again.
the extra billion shares can be seen as wiggle room, in case they need to do a deal with them, good news is it wont take near as freaking many now to be worth something because we arent at .13 like we were before so we wont have to worry about seeing 100 million shares just for 13 million off their debt. I think txstate10 has the right idea. take his advice for the time being. It seems unfortunate that siri has to conduct any business at all cause what is normal business for one company is completely over analyzed and bashed to death for sirius. I guess cause all the extra interest that siri brings from retail investors. Gets annoying though.
p.s i know my math is messed up to tired to care u get the point though :O
Last edited by trippingthespeculatingpos; 04-20-2009 at 11:09 PM.
