Sirius Intraday Thread Tuesday June 23 2009

[imromo24]

i think the spike to .63 was after cramer said that he expected .63 and it was totally random on no news.


the s&p spike took us to .42 if i remember correctly

[trippingthespeculatingpos]

yesh and the s&p spike happened a day after it came out if i remember right, wasnt immediate.

[imromo24]

yes, i also remember a day lag on the news.

[imromo24]

we are ominously holding the .368 .37 range and i ain't no chartologist but im willing to venture to guess that we are about to break out as we held .33/.34 for so long and then bam, last week it popped, worked its way back down and popped again, and again back down, except the .36 is holding and the s&p upgrade could do it tomorrow for a long stay in the .40's

you know what happens after something goes up and down alot...

[imromo24]

lets say the debt gets cleared like they said it would with coh over the next 2 years...does this pic mean anything to anyone?

[imromo24]

there has been a very nice pattern developing since thursday i won't attempt to analyze it but look at your 3 day or 5 day charts, and then the 1 month

[Sirius Roadkill]

i think the spike to .63 was after cramer said that he expected .63 and it was totally random on no news.

Hey romo . . I been thinking about this for a while now . . I somehow wonder if that run-up wasn't due to a certain someone buying shares on the open market to try and further "stick-it" to Malone/Mel by screwing up the NOL carry-forwards . . . Ergen was left standing at the alter, still has an axe to grind . . starts buying shares . . Siri gets wind of it.

Remember the timing here . . basically, out of nowhere . . . the Company announces a "poison pill" provision . . straight out of left field; nobody saw it coming. Really, they could have put that provision into the original investment agreement with Liberty Media . . after all, it really is "protection" for Liberty. Check the timing on this but I believe the SP started to turn-down right after the announcement of the poison pill . .

[underway]

I sure hope SXM didn't pay these guys in advance to launch one of the next satellites, because Sealaunch just filed Chapter 11. I recall Mel mentioning this company by name as playing a role in a future launch, but I don't know whether it's for the summer sat launch or what.
As long as they don't lose $, it won't be a big deal. There are other options for launching satellites.

[SiriusBuzz]

I sure hope SXM didn't pay these guys in advance to launch one of the next satellites, because Sealaunch just filed Chapter 11. I recall Mel mentioning this company by name as playing a role in a future launch, but I don't know whether it's for the summer sat launch or what.
As long as they don't lose $, it won't be a big deal. There are other options for launching satellites.

“We want to assure our customers, employees, suppliers and partners that Sea Launch intends to continue to operate after the filing,” said Kjell Karlsen, president and general manager of Sea Launch. “Chapter 11 reorganization provides an opportunity for us to continue operations and focus on building our future plans. We are grateful for the continued support of our customers and partners while we focus on reorganizing for the future.”

[imromo24]

i would have guessed the poison pill was before the run to .63 but actually the run was on 4-20-09 and the pill was on 4-30-09, 10 days later...

the s&p upgrade was 4-15-09

stock run to .63 4-20-09

poison pill 4-30-09