SIRI Monthly Thread August 2015

[waldo29]

Good stuff Waldo, and certainly food for thought. Probably not what a lot of folks in this forum want to hear, but given the history of this stock, certainly a prudent outlook should be heeded. I'd be interested in your insight concerning VIX...purely for selfish reasons as I am long the Sept 15 puts and although we have 3+ weeks to go before op-ex, we are a long way from 15. I know the VIX can move fast but I'm begining to question if stepping into that position was good move - especially given the fact that Sept/Oct tends to be the more volatile time of the year. My initial intent was to be in/out of the trade in a few days when I opened the trade last week but the recent move in the VIX obviously put the kibosh on that. Your thoughts?

What's your cost basis? You'll get another 15-20% down move in the VIX today if the futures hold. Gets you closer

[user34615145]

What's your cost basis? You'll get another 15-20% down move in the VIX today if the futures hold. Gets you closer

$.60

[midas360]

Oh boy... that buyback announcement really bumped Sirius XM's stock price up. How has those buybacks helped the stock price in the past? Hmmm???????? Get with the program people. It's a scam so they can steal the company. If we can't buy the company at $3.68 we will just tell Sirius XM management to buy back shares to increase our ownership %. Yeah, that's what we will do.

[Raptor]

yeah / They should be smart and wait till the price goes up and the interest rates are higher then try and reduce the share count / shit with the way interest rates are now and after taxes the money is almost free! That just does not make sense!!! They need to hire Einstein as a financial adviser so they get it right.

[denco1]

I do agree with others sentiment. Most of what you post is antagonistic BS but I actually enjoy the commentary/nonsense of a true short.....errr pseudo long. You do bring amusement and at times thoughtfulness.......wouldn't be the same without you The wrong perspective is always good food for thought/laughs....you're alright Midas.

EDIT: Hope you covered early Monday

EDIT2: Or was it Tuesday...

[midas360]

Thanks Denco... it's all in fun. Glad you are able to see that. HAHA Just trying to lighten the mood as the stock sits and does ABSOLUTELY NOTHING!!!! Laziest damn dog ever!

I do agree with others sentiment. Most of what you post is antagonistic BS but I actually enjoy the commentary/nonsense of a true short.....errr pseudo long. You do bring amusement and at times thoughtfulness.......wouldn't be the same without you The wrong perspective is always good food for thought/laughs....you're alright Midas.

[midas360]

This has got to be the dumbest comment I've ever read in this forum. Ugh...!!!!

yeah / They should be smart and wait till the price goes up and the interest rates are higher then try and reduce the share count / shit with the way interest rates are now and after taxes the money is almost free! That just does not make sense!!! They need to hire Einstein as a financial adviser so they get it right.

[denco1]

I agree that this Dog has been a POS for about 2 years now. Wish I would have handled things differently as a LONG back in October 2013 but what can you do. At this point I will wait this long term hold to play out. Seems to be in the late innings at this point.

EDIT: Though I don't necessarily agree with "It does absolutely nothing". That big takedown was a great op for LONG to add and Shorts to leave..

EDIT3: For the most part you are correct over the last 2 years with sporadic ops along the way to a flat SP......just means when it pops it should pop hard.

[midas360]

Denco... you have a terrible memory... I AVERAGED DOWN. Remember??

I do agree with others sentiment. Most of what you post is antagonistic BS but I actually enjoy the commentary/nonsense of a true short.....errr pseudo long. You do bring amusement and at times thoughtfulness.......wouldn't be the same without you The wrong perspective is always good food for thought/laughs....you're alright Midas.

EDIT: Hope you covered early Monday

EDIT2: Or was it Tuesday...

[midas360]

Yeah... I understand. Hindsight is 20/20. It did have a nice run and then stalled. Now it's just being manipulated.

I agree that this Dog has been a POS for about 2 years now. Wish I would have handled things differently as a LONG back in October 2013 but what can you do. At this point I will wait this long term hold to play out. Seems to be in the late innings at this point.