120 million shares were returned to the market makers between Friday and yesterday. Today alone, in one hour only, 30 million shares were sold.
What triggered the selloff ? ... Perception. With the state of the economy, no one thinks Sirius can get its debt refinanced. Everyone thinks they will further dilute the stockholders equity.
The good news ? Silence from the company. It looks to me that if they talk, only bad news will come out.
I think you mean that today alone, in one hour only, 30 million shares were BOUGHT and sold......Originally Posted by Siriusowner
That is an incorrect statement, because I think they can. Get your facts straight first before making blanket statements like that.
Last edited by Demian; 11-19-2008 at 02:07 PM.
Ok, ok, ok. Only 80% were sold
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