SIRI Intraday Updates for the Week of 12/15/08

[Hughes]

Shouldn't SIRI be rallying on this news?

http://biz.yahoo.com/ap/081219/meltdown_autos.html

AP
Bailout approved: Automakers to get $17.4B
Friday December 19, 12:24 pm ET
By Deb Riechmann, Associated Press Writer
Bailout approved: Bush says say government will give automakers $17.4B in loans

WASHINGTON (AP) -- Citing danger to the national economy, President Bush approved an emergency bailout of the U.S. auto industry Friday, offering $17.4 billion in rescue loans in exchange for tough concessions from the deeply troubled carmakers and their workers.

The government will have the option of becoming a stockholder in the companies, much as it has with major banks, in effect partially nationalizing the industry.

At the same time, Treasury Secretary Henry Paulson said Congress should release the second $350 billion from the financial rescue fund that it approved in October to bail out huge financial institutions. Tapping the fund for the auto industry basically exhausts the first half of the $700 billion total, he said......

Not sure if anyone saw this yet, but the date has been extended for the suspension of the Delisting rule:

http://www.nasdaq.com/newsroom/news/...20Requirements

[Demian]

This headline is misleading. Having the authorization is not the same thing as actually doing it....

http://www.smartbrief.com/news/nab/s...B-30F74E81599B

Sirius to increase shares, complete layoffs of 458 workers

NAB SMARTBRIEF | 12/19/2008
Sirius XM Radio shareholders have agreed to have the company boost its authorized shares from 4.5 billion to 8 billion and to implement a reverse stock split between 1-for-10 and 1-for-50 by the end of 2009. In other Sirius news, the company has announced that by Dec. 31 it will have laid off 22% of its employees, or 458 workers. Radio Ink (12/18) Sun (Baltimore), The (free registration) (12/19)

[Demian]

Not sure if anyone saw this yet, but the date has been extended for the suspension of the Delisting rule:

http://www.nasdaq.com/newsroom/news/...20Requirements

This is great news........thanks! That means no RS risk anytime soon.....


NASDAQ OMX Extends Suspension of the Bid Price and Market Value of Publicly Held Requirements

NEW YORK, Dec. 19, 2008 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the NASDAQ Stock Market (NASDAQ(r)) has made a filing with the Securities and Exchange Commission to extend its suspension of the rules requiring a minimum $1 closing bid price and a minimum market value of publicly held shares. Given the continued extraordinary market conditions, NASDAQ has extended the suspension of the requirements until Monday, April 20, 2009.

About the NASDAQ OMX Group

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, including First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

NDAQG

CONTACT: NASDAQ OMX
Bethany Sherman
+1.212.401.8714
Bethany.Sherman@NASDAQOMX.Com

[trippingthespeculatingpos]

it has the buying momentum, just need the sellers to hold out at higher ask's but they dont, they drop there asks below last trade regularly. Siri resigned bubba for 2 years as well!!!!! just heard that, i think siri will rally late

[Keysmark]

[QUOTE=Demian;8001]Shouldn't SIRI be rallying on this news?

http://biz.yahoo.com/ap/081219/meltdown_autos.html

AP
Bailout approved: Automakers to get $17.4B
/QUOTE]

If seems that nothing will move this stock up until we get it refinanced and know just how much the shares will be diluted.

Keysmark

[trippingthespeculatingpos]

hey if it can rally a fraction of a cent every day im happy with that lol, i think it might rally in the last minutes, if not theres always next week or next year :/

[Demian]

Slammed right at the close. A big block went through @ .116........

SIRI closed @ .116.....just ****ing amazing.

[stang3O2]

Did anyone else just watch the close!? This is rediculous

[LittleTrader]

am i reading this wrong? 48 million volume in the last minute of trading???

[Demian]

am i reading this wrong? 48 million volume in the last minute of trading???

NOPE - you are reading that correctly....