I cannot believe the conspiracy here.Originally Posted by sxminvestor
I should have posted the actual article instead of the link- this article got pulled now. Basically it said that Sirius is one of the most heavily shorted stocks and would benefit the most by this ruling that should come soon because all arguments had been submitted by June 19th and a ruling should come soon.
was this the article?
The commenting period for the uptick rule ended June 19, which means we will see action very soon after. If this happens, there could be severe restrictions on short sellers, meaning the market will climb. Short selling is very important for a healthy stock market, we saw how out of hand it got in china when it was not allowed. These proceedings will not take away short selling, but limit the damage that can be done to a stock and the markets by short selling. Which is just what this bear market needs.
This is very big news for Sirius XM Satellite Radio (NASDAQ: SIRI) SIRI has been trounced by shorts for a long time. The impending proceedings will provide fresh air to this market, and potentially save it single handily.Small stocks like SIRI really need rules like this to be in place. Stocks that are heavily shorted will see a quick bounce if these rules go through, the rest of the market will catch up soon after.
In other words, get back into this market! www.TradeKing.com
TradeKing.com. $4.95 trades + 65 cent option contracts. No minimums. No catches. No, seriously.
“As discussed in detail below, concurrent with the development of the subprime mortgage crisis and credit crisis in 2007, market volatility, including steep price declines, particularly in the stocks of certain financial services issuers, has increased markedly in the U.S and in every major stock market around the world (including markets that continued to operate under short sale price test restrictions). As market conditions have continued to worsen, investor confidence has eroded, and the Commission has received requests from many commenters to consider imposing restrictions with respect to short selling, in part in the belief that such action would help restore investor confidence.
Due to the extreme market conditions that we are currently facing and the resulting deterioration in investor confidence, we believe it is appropriate at this time to re-examine and seek comment on whether to restore restrictions with respect to short selling.”
http://sec.gov/rules/proposed/2009/34-59748.pdf
http://www.sec.gov/
Relmor,this is the most important coming due debt IMHO..2013 is huge debt year now.really not that much before 2012 now..
Yes, thanks.
I just noticed it was back now and was about to post.
can someone confirm this, i can't see youtube at work
I had a WTF moment!
http://www.youtube.com/watch?v=rY1dqLg_Dms
Notice the title in the HSN ad says SIRIUS!! NOT XM!
Yes Romo,they are selling it on HSN,SiriusXMP3 player,first time since Jan 08.
It's the whole home kit with all the cables for $149..
Never mind the recording date is Jan 5th 2009...old news...
Last edited by JohnnyIrishXM; 06-22-2009 at 12:20 PM.
HOW DID WE MISS THAT??? Radios on HSN is huge news!
oh, it was from January? maybe we did mention it then...
Im getting a real good feeling that very soon the bashers online are going to get outmatched...that is going to be a great day...just kind of surfing around it seems like they are getting water poured on their fires (slowly but surely) (gut feeling)
xmfan has been locking threads from people with 6 or less posts that are evil in nature (with no real info being given, just bashes)
A contractual rights thing...............
I re-listened to the Howard's comments about not being on the iPhone app. "It's a contractual rights thing.." When Artie asked why Apple should make money on Howard, Howard said it wasn't about the money, then SEEMED to concede to Artie that it was the issue.
I know Johnny Irish has posted on this subject, but do we know the positions of the parties involved - Howard, SIRI and Apple? What is specifically at issue?
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