SIRI Intraday Thread: Tuesday April 21

[Dr. Dave]

Something tells me this selloff of siri related to the proxy statement released late yesterday about seeking shareholder approval to issue more shares and renew the R/S authorization. It's BS, because it's nothing new nor unexpected. But, the rabbits are selling off, fearing R/S. Hopefully, positive news from SIRI management in a week or so will propel this stock way past .60s. I'm long and holding on for the big move up. Who's with me? Like Will Ferrel in Old School, streaking down main street..... LOL!

Thought I was gone... so earnings are next week? What does R/S mean?

[imromo24]

just bought 2500 more at .44, oh well im a sucker

[JohnnyIrishXM]

Thought I was gone... so earnings are next week? What does R/S mean?

1Q earnings report date hasn't been announced yet,but it must be by May 15
R/S is Reverse Stock split..

[JohnnyIrishXM]

If you want to read about strategy for R/S go to Freedom thread and on last page Homer talks about what he and also I think will happen with added dilution in Proxy statement and R/s timing..

[SiriusHope]

Thought I was gone... so earnings are next week? What does R/S mean?

not to sound sarcastic..you are giving advice on buy/sells and did not even know what R/S meant????

[underway]

If you want to read about strategy for R/S go to Freedom thread and on last page Homer talks about what he and also I think will happen with added dilution in Proxy statement and R/s timing..

Thanks for the referral to Freedom post. Interesting, but don't really agree. The comment about using increased shares for debt swap is correct...that was actually stated in the proxy as mgmt's strategy. But, I do believe yesterday's drop and today's as well, are based on unfounded fear of R/S. The run up to .60s was based on something...not sure what. Perhaps as stated earlier by others, was predicted by the charts, hitting 200 DMA. So, something brought it down like a rock...I'm guessing the proxy. That news was out there before it hit the wires, which is what Homer said he has seen before, and I agree with that. JIMHO.

[Txstate 10]

I know there are pullbacks, and I know the market tanked yesterday. However, this R/S talk and dilution talk is ridiculous and completely unfounded. This just tells me that most of the people that got in between .40 and .63 cents a share aren't really in it for belief in the company at all. So, all you guys hoping for a solid stock performance in the long run like I am need to wait for some more credit upgrades or announcements from SIRI, becuase right now its just all the day traders and their 23 cent highway festivity playing on our emotions.

[JohnnyIrishXM]

Thanks for the referral to Freedom post. Interesting, but don't really agree. The comment about using increased shares for debt swap is correct...that was actually stated in the proxy as mgmt's strategy. But, I do believe yesterday's drop and today's as well, are based on unfounded fear of R/S. The run up to .60s was based on something...not sure what. Perhaps as stated earlier by others, was predicted by the charts, hitting 200 DMA. So, something brought it down like a rock...I'm guessing the proxy. That news was out there before it hit the wires, which is what Homer said he has seen before, and I agree with that. JIMHO.

The take down was simply a sell point of .63,Example:not sure when but i think alot of people bought siriousXM around last oct at .63 and then held to
.05 with BK scare,so naturally when it gets back to even for them they all panic sold at any price,(rough est for talking purposes)also known as resistence points,plus you have other people taking profits...

[relmor2003]

Something tells me this selloff of siri related to the proxy statement released late yesterday about seeking shareholder approval to issue more shares and renew the R/S authorization. It's BS, because it's nothing new nor unexpected. But, the rabbits are selling off, fearing R/S. Hopefully, positive news from SIRI management in a week or so will propel this stock way past .60s. I'm long and holding on for the big move up. Who's with me? Like Will Ferrel in Old School, streaking down main street..... LOL!

Positive news from management? Outside of a forced communication? Never seen it. Not in over 1.5 years now. Thinking...... From management......
Nope nothing. Your hoping for an event thats never happened. Good luck with that. SiriusXM has showed their hand again. They dont want this stock to take off. Why? Read 1.2 years of my posts and others, and you can get some clues to this.

[JohnnyIrishXM]

I know there are pullbacks, and I know the market tanked yesterday. However, this R/S talk and dilution talk is ridiculous and completely unfounded. This just tells me that most of the people that got in between .40 and .63 cents a share aren't really in it for belief in the company at all. So, all you guys hoping for a solid stock performance in the long run like I am need to wait for some more credit upgrades or announcements from SIRI, becuase right now its just all the day traders and their 23 cent highway festivity playing on our emotions.

Exactly,that is the game of MM's,they want shares cheap for the slow run up so they trap profit takers,doesn't affect me as a long because it is normal up 2 steps down 1,up 1 step down 2....