we will get above .13 cents, i have lost nothing yet. Its all on paper till i sell which i may never do, till the day i die, eat that sucker. I will be buried with my stock certificate!
SIRIUS XM SATELLITE RADIO FORUM
we will get above .13 cents, i have lost nothing yet. Its all on paper till i sell which i may never do, till the day i die, eat that sucker. I will be buried with my stock certificate!
Last edited by trippingthespeculatingpos; 12-30-2008 at 05:48 PM.
Dec. 30, 2008 Market Close: $ 0.1205
After Hours Trade Reporting
After Hours
Last: $ .122
After Hours
High: $ .1221
After Hours
Volume: 48,146
After Hours
Low: $ .12
...and with your losses...LOL.Originally Posted by trippingthespeculatingpos
so now you can predict the future? i predict sirius owner will live a black, listless, argument filled, tortured, torturing, negative nancy, fat man jack, todompole bean counting, and analyzing how ur shit will splash at the bottom of the toilet, existence.
Demian,
I agree that .12ish is showing support, but I'd like to ask you a newbie question, fully understanding any answer is only your opinion and not investment advice. Would the release of the recently approved shares or some part of them guarantee a drop in stock price or could that be "baked in" to the .12 ? It was my understanding that when you have a price per # of shares, all other things being equal, if the number of shares increases the price has to go down because of supply/demand?
Amen, I do not think that the stock is priced for dilution... I think it is priced for bankruptcy. Dilution would be an improvement over this idea.
Newman,
I have been pretty caught up in the idea that dillution would only lower the stock price, didn't even think that people would see it as a good thing. ie Mel not trying to go private or BK the company. That's an interesting point.
Today is the last day you can sell and take the tax loss for 2008. Do you want to join the others who waited till the last minute and sell down here? I have got plenty of losses from other stocks this year. Remember that you have to wait 30 calendar days to buy back to claim the loss. SIRI could be much higher on financing news by then.......or not. It is a decision that you must make for yourself. I wouldn't be surprised to see SIRI rally into the close as some view today's tax loss selling as a good entry point.
Happy New Year everyone.........
That's not a newbie question - "what's baked in?" is a question we all have and it is hard to know, but my view is that the worst is priced in at this level.
The Motley Fool at it again today...
http://www.fool.com/investing/genera...and-manag.aspx
Investing Lessons of 2008: Balance Sheets and Management Matter
By Alyce Lomax
December 31, 2008 | Comments (1)
Sirius XM (Nasdaq: SIRI) is a fine example of why a good balance sheet matters. The entities that now comprise the company weren't able to manage profitability in even the best economic times and with less competition; now the economy is in the toilet and there are serious concerns as to how the company can pay its obligations coming due in February ... and May ... and next December. That would explain why it's now a penny stock.
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On December 31, 2008, at 2:03 PM, DemianBohemian wrote:
In regards to SIRI you state.....
"there are serious concerns as to how the company can pay its obligations coming due in February ... and May ... and next December. That would explain why it's now a penny stock."
First of all, they have enough cash on hand to pay the Feb '09 debt of 193 million without any financing. The May debt could most likely be extended and/or paid with cash.
Second of all, what about all of the other reasons that SIRI is now a penny stock - the naked shorting, the constant bashing from The Motley Fool, Cramer, the NAB, and everyone else? What about the FCC taking so long to approve the merger? What about all of the naked shorting, manipulation, and loss of the uptick rule?
What would explain why SIRI was around $9 a share as a stand alone company with only a fraction of the revenue and subscribers?
What would explain why The Motley Fool was recommending XM as a stand alone company at over $30 a share?
What would explain why The Motley Fool has been bashing the combined company down in the pennies?
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