SIRI Weekly Thread for 8-17-09

[JohnnyIrishXM]

Good Morning all,looks like we are heading back up,maybe .59ish,with a range from .55 to .59 and med vol around 40mil...feels great as candle said to trade like a better SXM with alot of institutions buying in..

[proactiv]

It was a long haul through the mud over the last 18 months. But, I honestly think we're going to get back to the dollar range within 6 months. And then, there will be the opportunity to rise even faster to two dollars.

Buying today, even at .56 or .57, will be a great investment over the next few months.

I agree with you 100% candleman. I've done a lot of short-term trading of SIRI since the beginning of the year, but I am now holding long. I expect SIRI to achieve $2-3 over the next 24 months.

[candleman]

I agree with you 100% candleman. I've done a lot of short-term trading of SIRI since the beginning of the year, but I am now holding long. I expect SIRI to achieve $2-3 over the next 24 months.

Yea, it's tough to make any money on the swing trades anymore. The darn stock just keeps going up....

[relmor2003]

Ya, Im backing off on trading now, to share retention now. And accumulating when given the chance till Aug 26th at least.

[candleman]

Ya, Im backing off on trading now, to share retention now. And accumulating when given the chance till Aug 26th at least.

Is there something special happening on the 26th?

[JohnnyIrishXM]

Is there something special happening on the 26th?

Yes,SXM sent out private invitations to media or whoever ,they are having some kind of expo on Wed. August 26th, about the new products being introduced that Mel said would be comong in 2Q CC..Relmor thinks it will be a run up to then and then after the storie swill probably start floating about the delisting notification letter due on the 3rd of sept..and maybe a pull back..

[candleman]

Yes,SXM sent out private invitations to media or whoever ,they are having some kind of expo on Wed. August 26th, about the new products being introduced that Mel said would be comong in 2Q CC..Relmor thinks it will be a run up to then and then after the storie swill probably start floating about the delisting notification letter due on the 3rd of sept..and maybe a pull back..

Thanks Irish. I still don't see the delisting notice being anything more than a small headache.
It would be really nice if there was a product or service being announced that would actually create some more cash flow. If that happens, we won't be floating, we'll continue to rise.

[JohnnyIrishXM]

Thanks Irish. I still don't see the delisting notice being anything more than a small headache.
It would be really nice if there was a product or service being announced that would actually create some more cash flow. If that happens, we won't be floating, we'll continue to rise.

If rumors of the docking station being presented that turns every smart phone into a sat receiver,then yes it will be a huge GAME CHanger for rev.

Don't kid yourself,the delisting letter will hurt,as it might scare some people off from buying for fear of a R/S..But think we'll be over $1 before x-mas,so it won't matter,but we already know trhat,others don't..

[relmor2003]

Thanks Irish. I still don't see the delisting notice being anything more than a small headache.
It would be really nice if there was a product or service being announced that would actually create some more cash flow. If that happens, we won't be floating, we'll continue to rise.

Media has now passed up one chance to pound this company, the aug 3rd date, when the clock began for the 30 days. Nothing. Makes we wonder if they are just saving it for sept 3rd, to combine with a coordinated MM takedown, that fills that .45 cent gap. Then we trade and drift back up again into Q3. Maybe were in the .60s or .70s by that conference call, and Q3 report allows us to finally challenge $1. Wow, I went way further there than I meant too. LOL I got a little excited. But that .45 gap might just be a dangling carrot, and im not trading 100 percent on that occuring, in fact, I hope it doesnt occur. Thanks Irish, that was exactly my thinking. You said it perfectly.

[relmor2003]

If rumors of the docking station being presented that turns every smart phone into a sat receiver,then yes it will be a huge GAME CHanger for rev.

Don't kid yourself,the delisting letter will hurt,as it might scare some people off from buying for fear of a R/S..But think we'll be over $1 before x-mas,so it won't matter,but we already know trhat,others don't..

Nice post. I agree with you.