Bottom line is when the powers to be want to unleash the sp they will. Until then its gonna be same shit different day. Sure Maffie can say he can be patient while siri buys backs shares and increase his ownership to 70 or 80 percent over the next few years. Something tells me tho....he wants it fast than that.
EDIT 1, until they unleash the sp...trade it for a few pennies each time grab a few hundred here and there. Rinse n repeat. its all you can do.
Last edited by dm_4; 08-06-2015 at 11:23 AM.
haha...3.88 gotta love it.
As with the aftermath of every quarterly report, I am once again thoroughly disgusted. It is becoming clearer to me how Sirius is a great company, cash cow, bright future etc... but as an investment, is perpetual disappointment. I don't buy the Liberty suppressing the sp conspiracy. Certainly they aren't helping much to drive it up but If they were able to completely control the price, Midas would actually appear to be a genius with his 2.75 target as it would certainly be trading there. I believe that Sirius is merely a cash cow that is being exploited and milked dry by liberty to fulfill their agendas. I don't think there is any excitement about Sirius as its own entity but rather what Sirius can do to further the cause of Liberty media.
My new prediction. $3.80 by next week than trading in a 10ยข range in either direction thereafter until the end of the quarter where we get teased again with a $4 ceiling. Just speculating based on past behaviors.
Edit: putting my money where my mouth is and just put in a GTC buy order of 50k shares at 3.72.
Last edited by bdp.; 08-06-2015 at 12:21 PM.
Thinking of buying 10K right here for $3.87 and then selling the Sept $4 covered call for $.10...that's a $.23 gain in six weeks (50% annualized gain) if it exercises.
Thoughts anyone?
I believe it's being manipulated. What was the original offer again before they pulled it off the table? This is nothing much more than an ATM machine for everyone. Maybe they are setting it up for a possible take over. I don't know but BDP. I have to say... I agree with you on the "extreme macro pressures" comment. Good companies get neglected when the economy isn't doing well. If it goes down, average down or write some options (September, October, etc..)
Originally Posted by bdp.
Are you f'ing kidding me????? Are you over my shoulder right now? That's what I was looking at it while writing to BDP.
Edit: The only difference is I own 10K at a little bit higher CB.
@Denco... this is actually a very good idea. Have you thought about this while you are waiting?
Of course it is being manipulated, but not with the methods or to the extent we suspect. Sirius still has such deep wounds from years of abuse that it will take many more quarters like the most recent to even partially heal them. What Liberty is doing is merely keeping the wounds open and in plain sight. ( and now adding their own week messes into the mix) That is enough to get most to steer clear or completely throw in the towel which will keep them gliding on their path toward their agenda of 100% ownership at a bargain price. And let's never forget that ridiculous multi billion share float. I know I have been conveniently ignoring that elephant in the room!
You make some excellent points. I think we all have been dancing around it.Keep posting this kind of thought/info...
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