SIRI Intraday Thread: Tuesday April 21

[relmor2003]

Just read all of the posts...good stuff...some siriouly salty people out there...I can understand when a 2 day 35% swings comes down the pipe. LOL

Tripping, I am glad you mentioned my name, for that I will lay off the gas and leave the hatchet in the shed....lol. Selling in the .59-.63 range was nice, I must say. I did make a few bad moves yesterday, I should have sold 30k @ .59 and not picked up 10k @ .54...so we all make mistakes that is what life is all about. What we do next is most important. I have 6k of unsettled cash and will look to strike while the irons hot, tomorrow, the first sign of a take down, and it will come, you can bet your ars on that, Mid to high 30s looks like a good entry point for me. Good luck all and next time we approach the .60 mark with no news to justify a run, please sell I beg of you. You can always buy back in later...I see a few posters reiterated my screaming sell yesterday, ty.

20% move in one day is a screaming sell, I don't care if its your primary residence!

Sincerely,

Alone in rights ville.

Had similar moves in this trend that didnt reverse like that however. Weve held gains in double digits on every occasion. People are forgetting.....
The .40 to .22 cent take down came AFTER it closed near resistance, not the SECOND it hit it. The second take down came the very next day I believe, and it also closed around .34 that day. Again, NOT ON AN UP DAY. You cant reverse a 22% gain to a negative simply by hitting a 200 DMA. Not technically sound charting. You would be called insane if you predicted a 22% move, and a close down 5% off no news.
My problem isnt with the retrace, or the failure to break .63, its the dramatic takedown after it hit .63. And its failure to close with buying pressure, seen all day. They reversed huge buying pressure, and MANIPULATED that to selling pressure, by the end of the same day. How? Fake news, and Sirius Management. Now if you think Sirius acted in a normal trading way, then please look at my moon brochures.

[JohnnyIrishXM]

Exactly what it was and designed to let institutions pick up more cheap shares before the SP makes its move toward a dollar. Totally contrived IMHO. JohnnyIrish are you still accumulating shares for your core holdings? I almost added another 10K earlier at 42 but hesitated as they may try to push it through 40.

No. I'm done adding now,started with 30k at $1.44 in August of 08 and have avged down to 400k shares at .26 with last being doubling down of 200k shares at .135 in march 09 right after liberty deal announcement.
added at .50,.25 and .19 before that...that is my limit for this stock..

[underway]

Just a question,
All the hubbub about Reverse split affecting the stock. Why would it in the long run?
The value of the company doesnt change ... the value of your stock holding doesnt change.
The only thing it might help is institutional investing and stop some short activity(maybe).

As a long Why should I really care? It might take a hit short term with people freaking out but the value would correct after a small amount of time ... just like we are correcting now(albiet drearly slowly).

With that said .. they need to do it with strenght though

While the value is inititially the same due to the mathematical equation, the market typically views an RS with disdain and the stock quickly succumbs to the negative stigma attached to companies that do RS and SP drops, because there's no good reason to do it if your company is doing well. Only reason is to prevent delisting from the exchange. I've read that with few exceptions, companies that do an RS tank, and many go out of business shortly thereafter (not due to the stock price dropping, but because they were in trouble in the first place. I think I read somewhere that Priceline.com was one of the exceptions...it bounced back after RS.

[mogami]

Hi, I am a happy camper. I don't mind the ups and downs because you can make money faster and increase your position every time you rebuy.
With everything other then SIRI I only try to make 100.00 per trade in one or two days and then trade a new stock. Today FNM made 162.00 (bought yesterday sold this morning)
My entire agenda revolves around giving mommy 1000.00 per month so she lets me continue to play. (33.33 profit per day)
We all know SIRI is eventually going to pay us off

[mogami]

No. I'm done adding now,started with 30k at $1.44 in August of 08 and have avged down to 400k shares at .26 with last being doubling down of 200k shares at .135 in march 09 right after liberty deal announcement.
added at .50,.25 and .19 before that...that is my limit for this stock..

Hi, WOW good job. You must laugh yourself to sleep every night. Congrats on getting through Dec-Feb time frame when it must have weighed on you.

[Newman]

Relmor, if you honestly believe that the fake news story that was OBVIOUSLY fake and would only be believed by individuals who were idiots caused 200 million shares to be traded, then I need to start taking advantage of idiots because they have a shitload of shares.

You wouldn't believe it, I wouldn't believe it, and anyone with a quarter of the knowledge that any one of us here has would not beleive it. Only people who do not follow the stock on a regular basis would believe it, and do you really think there are 200 million shares worth of these people who just HAPPENED to look at the news for their stock yesterday? I have a condo on the moon for you my friend...

Yes, I believe there is manipulation. Yes, the news story yesterday was complete crap. The SEC filing from Sirius was filed with the SEC at 4:35 pm Easten time, which means that only those with insider information could have affected the stock price (which can, does, and probably DID happen, but not nearly to the extent you are suggesting).

Again, even without yesterday's run up to 63 and assuming the close on Friday at 50, the stock was up 25% in 2 days. Not expecting a pullback was rediculous.

[relmor2003]

Relmor, if you honestly believe that the fake news story that was OBVIOUSLY fake and would only be believed by individuals who were idiots caused 200 million shares to be traded, then I need to start taking advantage of idiots because they have a shitload of shares.

You wouldn't believe it, I wouldn't believe it, and anyone with a quarter of the knowledge that any one of us here has would not beleive it. Only people who do not follow the stock on a regular basis would believe it, and do you really think there are 200 million shares worth of these people who just HAPPENED to look at the news for their stock yesterday? I have a condo on the moon for you my friend...

Yes, I believe there is manipulation. Yes, the news story yesterday was complete crap. The SEC filing from Sirius was filed with the SEC at 4:35 pm Easten time, which means that only those with insider information could have affected the stock price (which can, does, and probably DID happen, but not nearly to the extent you are suggesting).

Again, even without yesterday's run up to 63 and assuming the close on Friday at 50, the stock was up 25% in 2 days. Not expecting a pullback was rediculous.

You contradict yourself. You admit to manipulation now. You blamed it, but you dont want us to be mad? Ok man... Your right, we should be numb to it by now. Yes, retrace was expected, but did you put a buy in at .485 for the close yesterday? Of course you didnt, because no one at 11 am MST yesterday(2 hours before close) could have dreamed up a close of .485 in their wildest dreams. The most negative buys would be placed at .50 cents, but more likely .52 cents. Im sure a ton of buys at .56 cents felt pretty decent that they might get that as a close. Then boom. Yes, I do believe people are that stupid. Yes. Happened last year. An airline lost 50% of its value in 5 minutes because of a simliar "mistake". SO theres your answer. Yes, people are THAT STUPID. And when your a MM, waiting for the BK story to hit, ready to add pressure, the effect is NOT SURPRISING.
When I show you on the chart and add the exact time of the BK story, you will be mad too. It was RIGHT as it was crossing resistance again at .56 cents. Buying pressure was down a bit at that point. MM's were ready. They knew the next blow would be the final nail. I believe they felt they needed both stories to make sure they could hit .40 again. That rally was THAT powerful.

[siriusonthego]

No. I'm done adding now,started with 30k at $1.44 in August of 08 and have avged down to 400k shares at .26 with last being doubling down of 200k shares at .135 in march 09 right after liberty deal announcement.
added at .50,.25 and .19 before that...that is my limit for this stock..

Thanks Johnny. I also still hold my 255K shares @.32 avg. I would love to add more though. Just trying not to raise that avg. too much. We have had a decent run recently and some pull back was expected, however the trend is positive overall and so I am sitting on the fence to see if they will take it down toward the end of the day. I will be a buyer if they drop it below .40.

[JohnnyIrishXM]

Hi, WOW good job. You must laugh yourself to sleep every night. Congrats on getting through Dec-Feb time frame when it must have weighed on you.

I was never really worried about BK alot,hence i found this site and educated myself better about the merger,didn't realize about the ugly finance deal to merge...Shouted from the roof tops in feb to buy and no bk in play,also put my money where my mouth was.LOL but remember any money invested in the market should be money you are willing to lose completly,allows you to sleep better,well at least better than if you couldn't afford to lose it..

[JohnnyIrishXM]

Thanks Johnny. I also still hold my 255K shares @.32 avg. I would love to add more though. Just trying not to raise that avg. too much. We have had a decent run recently and some pull back was expected, however the trend is positive overall and so I am sitting on the fence to see if they will take it down toward the end of the day. I will be a buyer if they drop it below .40.

Nice also,good job..now we need it to get to $2.50 by this time next year and we can sell it all for low taxes and move on...