Sirius Weekly Thread 10-19-2009

Originally Posted by Sirius Roadkill

Hey Chuck . .

Two factors for me in that date . .

1.) It is enough time lapse after Black Friday (11/27) to get news flow and digest early retail prognosis for Holiday Shopping Season;

2.) Options expiration Friday looks to be 12/18 . . I always like to stay a week ahead of that curve because of the expected volatility . . even just an anomaly there could undo the $1.00 run briefly and start the R/S clock running all over again.

Do you burn your leaves on the outerbanks . . oops, no leaves . . I mean pine needles?

Ah yes, the options expiration could be a big market mover on this one. I'm heavily invested in the March $1.00 option. I'm looking for a good return on these.

I'm a Fire Fighter here and outdoor burning is totally illegal here. With winds that average 15 mph on a daily basis, even a little fire can get big and ugly in no time at all. So......it's composting for pine needles and Live Oak leaves.

I guess the unemployement figures are causing the drop...however the DJI is still up.

Originally Posted by mrmertz

I guess the unemployement figures are causing the drop...however the DJI is still up.

(Guess I'll talk to myself some more)

What a stupid quote. It's the shorts back at their handywork again. Nothing to do with unemployment you moron. If that were the case the entire market would be sliding on the news, not just SIRI.

The reason I know the stock will not climb into the .80's and why today particularly is taking a hit is simple; the one key fact everyone here is missing...through all the fancy charts and tech talk...the one key you all are missing is this...

...I bought into SIRI yesterday! Sorry. Told you everything I touch turns to #@%*!

Originally Posted by mrmertz

(Guess I'll talk to myself some more)

What a stupid quote. It's the shorts back at their handywork again. Nothing to do with unemployment you moron. If that were the case the entire market would be sliding on the news, not just SIRI.

The reason I know the stock will not climb into the .80's and why today particularly is taking a hit is simple; the one key fact everyone here is missing...through all the fancy charts and tech talk...the one key you all are missing is this...

...I bought into SIRI yesterday! Sorry. Told you everything I touch turns to #@%*!

Mertz, that makes today an excellent opportunity for the rest of us....Thanks!

Originally Posted by candleman

Mertz, that makes today an excellent opportunity for the rest of us....Thanks!

for you guys and gals buying.

SiriuslyLong and I hit upon this very topic and little while ago. Not lying, I was hoping to get in at .62, then I figured on .63...waited...didn't seem to want to drop to it so I finally figured, "To hell with it" and bought at .6347. It then closes at .63 and then today drops to .62.

After SIRI I'm outta the market. I haven't tapped my initial investment YET so I'm putting all my eggs in the basket with SIRI in hopes of turning a small profit at least before I get out and cash in my account...or what's left of it.

These damn banks and their credit cards aren't helping my stress levels either, another reason I am going to cash in. Friggin' Wells Fargo on top of ram-rodding 25 billion up my (our) rear-ends then bends me over for more and slaps our account with a 3% APR hike. Whatever amount I have after SIRI goes towards those, er, people to get the balanced paid down.

Oh excuse me, now .61...

Oh goody. Another negative article over at TheStreet.com. And now we sit at .60.

Originally Posted by candleman

Perhaps some people read the story above from The Street. It's the usual same old, same old..... But, it dropped the share price and makes for a nice entry point for anyone that wants to take advantage of the run up to the quarterly report, which hopefully will help bury these myths about debt and bankruptcy.

This is what ticks me off about these damn algorithyms.

Somebody correct me if I'm wrong here...after some reading about how involved computers are in trading it's something to the sorts of up to 70% of publicly traded stocks at any given time are being traded by...computers. Companies like Goldman/Sachs have more people working on algorithyms than they physically do buying and selling stock.

What was it, a week or so ago when TheStreet.com came out with that 2-bit "article" where they took a pole on SIRI and bankruptcy? And what happened? SIRI takes a slide. The algorithyms I guess scour for "news" and give weight to different hits, etc. Computers (supposedly) were to blame for "Black Friday" when the market unexplicably dumped for no apparent reason for the market itself. What horsecrap.

I hope your right for a "run-up" Candleman...right now (I'm panicy) it looks more like a "run-down" but I know we still have a few weeks until the quarter. I'm out regardless of what it goes to in the .70's or low .80's if it can reach that. I'm not going to sleep much again this coming week either, another reason I'm gettin' out.

Gotta run and get to my second job now. GLA until later!

I am intentionally not sourcing this report . . send me a Private Message if you want to know the site address . .

Do not give the site any hits! Lets all just have a big laugh together! Goldman Sachs must be getting ready to make a buy!

Quoting a certain bullshit website, which I will not name:

"Sirius XM Radio(SIRI Quote): That this company hasn't made my list in the past is a major oversight on my part. Sirius XM -- the merger of two poorly managed and capitalized companies, Sirisu and XM -- is a classic case of a great product (satellite radio) coupled with a bad business model. The company is burdened with more than $3 billion in long-term debt and $4.5 billion of intangibles and goodwill. The strategy of giving large deals to big-name stars such as Howard Stern and Chris "Mad Dog" Russo doesn't really seem to have paid off. Management relied heavily on the automobile industry to spur sales, and we know how successful that has been. Perhaps government-sponsored cash for transistor radio program could help Sirius survive. Its date with destiny will be in bankruptcy court."

Trick or Treat at Jim Cramer's house this year . . I will be posting his home address later. Send me a PM Jim . . you just upped the ante . .

Originally Posted by Sirius Roadkill

I am intentionally not sourcing this report . . send me a Private Message if you want to know the site address . .

Do not give the site any hits! Lets all just have a big laugh together! Goldman Sachs must be getting ready to make a buy!

Quoting a certain bullshit website, which I will not name:

"Sirius XM Radio(SIRI Quote): That this company hasn't made my list in the past is a major oversight on my part. Sirius XM -- the merger of two poorly managed and capitalized companies, Sirisu and XM -- is a classic case of a great product (satellite radio) coupled with a bad business model. The company is burdened with more than $3 billion in long-term debt and $4.5 billion of intangibles and goodwill. The strategy of giving large deals to big-name stars such as Howard Stern and Chris "Mad Dog" Russo doesn't really seem to have paid off. Management relied heavily on the automobile industry to spur sales, and we know how successful that has been. Perhaps government-sponsored cash for transistor radio program could help Sirius survive. Its date with destiny will be in bankruptcy court."

Trick or Treat at Jim Cramer's house this year . . I will be posting his home address later. Send me a PM Jim . . you just upped the ante . .

hahahaha

I read that a little while ago. I took full advantage of the story and filled my trick or treat bag with 5000 more shares at .6026

I'll take that candy right to the bank. Thank you Mr. Cramer!