SIRI Intraday Updates for the Week of 10/20/08

[vaporgold]

Bid .20 ask .21

[billybob]

I'm handing my life vest off to another crew member. Someone who still has a chance. I"ll be on the bridge with Demian and others if needed

[Keysmark]

Unbelievable,

SIRI just turned GREEN.

[Demian]

Hey guys, I slept through my alarm clock after staying up late drinking. It's just as well, as I missed the pre-market horror show and awoke to SIRI trading green - even as the rest of the market is red...

SIRI at .2768 after hitting a low of .215 and a high of .29 on volume of 33.2 million shares traded...

Was this capitulation?

[Keysmark]

Demian,

I tried to hold down the fort for you. But I was afraid that you jumped.

Keysmark

[Demian]

Thanks Keysmark......

I need some help and company on this thread....it gets lonely here. I had asked Charles to add this sticky thread for SIRI intraday updates and daily conversation about SIRI. I was hoping that eventually other people would get involved. I have been trying to keep it updated with the latest SIRI news updates and keep it flowing until more people get involved and help out...

[Demian]

This is the only news item I have seen today, which is just a slam rehash of the Business Week story...

http://www.e-gear.com/story/story.bs...6802&var=story

Sirius XM Facing Over $1 Billion in Debt
October 24, 2008

Fresh off the approval of its merger, Sirius XM Radio is facing another big challenge: an extraordinarily large debt.

The combined satellite radio firm will have $1 billion in debt next year, BusinessWeek reported. This is is among the company’s woes, which also includes a tanking stock price and a faltering overall economy that has consumers skimping on extra accessories in their cars and elsewhere.

CEO Mel Karmazin told the magazine that the company will find a way to find necessary funding, and will avoid bankrupt

[imromo24]

wasn't mel schedule for a conference soon?

[Demian]

wasn't mel schedule for a conference soon?

Where did you hear that?

I haven't heard anything about that. His last appearance was in Detroit....

[Demian]

3 hours left....

Markets bloody red - SIRI green @ .2812

If SIRI can break .29 - .30 here, I think it's off to the races...

I think the market will have another friday rally by the end of the trading day...