SIRI closed at .116 today...your thoughts?

[Demian]

After hours volume is huge.

Huge is an understatement......


Sirius XM Radio Inc.
Dec. 19, 2008 Market Close: $ 0.116

After Hours Trade Reporting

After Hours
Last: $ .1221
After Hours
High: $ .13
After Hours
Volume: 55,794,074
After Hours
Low: $ .111

After Hours
Time (ET) After Hours
Price After Hours
Share Volume
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,500
16:58 $ .1221 7,091,654

[Demian]

I'm looking at the Options Expiration calendar and it seems they expire today. Since I honestly don't know much about them, how does this affect the stock, if at all?

SIRI didn't have ANY options expiring today. The only SIRI options that trade are Jan. '09 and Jan. '10 LEAPS.......

The stock price is priced like an option.......

[SteveSirius]

I just went to bigcharts.com and it lists SIRI as trading over 55 MILLION shares after hours, as of 5 pm - at 12.8 cents.

Anyone have any verification of this. The volume seems extreme. Does someone know something we don't know????????

[The Church lady]

I think the shorts are getting out of the stock as it is at a bottom. Volume of over 100 million shares at the close and after hours. Almost 200 million share for the day that's means a big change ahead.

[Hughes]

I guess we shall see what next week brings.

[winagain35]

One possibility. Remember on Monday the Nasdaq 100 is rebalanced and SIRI is being removed. All the funds and ETFs that track the Nas100 have to sell SIRI and buy the equities that are being added.

[sxminvestor]

winagain - good point.

I find it amazing that with a bid of .123 ask of .128 that trades keep going off at .116

[winagain35]

Yeah, and I have an open order in for .12
It's not much, I'm just curious to see if it triggers. I just don't understand how these transactions are going through WELL below the open orders.

[trippingthespeculatingpos]

One possibility. Remember on Monday the Nasdaq 100 is rebalanced and SIRI is being removed. All the funds and ETFs that track the Nas100 have to sell SIRI and buy the equities that are being added.

good point cause i own lvlt shares and they dropped from .71 to .64 at the last second, i believe they are being removed from the nsdq 100 as well.

[stang3O2]

anyone notice they changed the volume? It went from 146 million to 99 million??? what is going on?