SIRI Weekly Thread 8-10-09

[sxminvestor]

I am not long or short on this loser anymore, there have not been any entry opportunities after I sold. Besides, I got tired of having to buy and sell in 100,000 share lots to be able to make $100 dollars (of course I am exagerating but that is close to reality).

Oh yeah, I have 3200 shares that I got assigned back in February....I had forgotten about those. They are worthless though.

I fake about being long most of the time... how 'bout you ? Pumper.

If you actually were trading 100k lots, you would make 1k on every penny. Sounds like you have about 10k, which makes it hard to make $ on swings of a few pennies minus brokerage charges. Not worth the stress to try and trade unless you have a bigger chunk of shares. My opinion.

[candleman]

A nice solid close today, just below .51 on less than half the average volume. It sure seems like we're setting that base around the 50 cent mark.

[JohnnyIrishXM]

Looks like we had a nice slow day until the end with about 20mil shares at the bell and AH...been away all day and noticed it was slow here and SO was back spouting garbage as usual,don't pay attention to him,he's been here for a long time and bitter he lost his shorts and didn't follow his own supposedly expert trading advice...

[candleman]

Johnny Irish, it was a great day! I like these days when we swing around in a 2 cent range. It really feels like we're establishing a nice base to go up from.

And Sirrius Owner really needs to change his name if he's not interested in our company any longer. But, he is just so damn entertaining! It makes my day when bitterness sets in to folks like that. He seems to have no faith in the future of satelite broadcasting. Personally, I think it has a spot in the marketplace for a long time to come.

[JohnnyIrishXM]

Hey Candleman,agree with today,we are forming a base for the steady move up just like we did for the .20's,.30's and .40's,we've been averaging .10 every 5 weeks or so since march with some spikes and retraces...

The company is viable and a Monopoly to boot,what's not to like about it..

[JohnnyIrishXM]

got to run,be back later to check in..

[stang3O2]

http://money.aol.com/rtn/ap/sirius-x...887?channel=pf

SIRIUS XM Radio to offer $250 million in notes
AP ONLINE
posted: 12 MINUTES AGO

NEW YORK (AP) — Sirius XM Radio said on Wednesday it would offer $250 million in senior secured notes due in 2015.

The satellite radio company said it would use the money to repay debt from Liberty Media Corp. Sirius XM borrowed $530 million from Liberty Media in February to stave off a bankruptcy filing. Last week Sirius XM reported a $157.4 million quarterly loss.

[Sirius Roadkill]

I asked Pluc why the price is up
don't know
couldn't say
he don't like it but I guess things happen that way
bah-doom-bah-doo
bah-doom-bah-doo

(p.s. ya gotta sing this to get it)

here's the melody you need:
http://www.youtube.com/watch?v=J-Wsw...eature=related

[candleman]

http://money.aol.com/rtn/ap/sirius-x...887?channel=pf

SIRIUS XM Radio to offer $250 million in notes
AP ONLINE
posted: 12 MINUTES AGO

NEW YORK (AP) — Sirius XM Radio said on Wednesday it would offer $250 million in senior secured notes due in 2015.

The satellite radio company said it would use the money to repay debt from Liberty Media Corp. Sirius XM borrowed $530 million from Liberty Media in February to stave off a bankruptcy filing. Last week Sirius XM reported a $157.4 million quarterly loss.

I'm not sure if this is good news or bad news.....

Here's a question. If we pay back Liberty, do they still have a 40% stake in our company?

[Sirius Roadkill]

If we pay back Liberty, do they still have a 40% stake in our company?

YES . . . that is irrevocable! Those shares were "given" in exchange for the loan . . they do not come back to the company . .