Sirius XM Nears Top of Shorts List 96 comments
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The short positions for equities in NASDAQ have been published and once again, Sirius XM Radio (SIRI) is near the top of the list. From September 15th to October 15th, short interest increased roughly 33,000,000 shares and now stands at about 232,000,000. This places Sirius XM shy of only Level 3 (LVLT) in terms of overall short interest.
Sirius XM, which has a shareholder meeting in late December, and which has not yet announced a date for Q3 earnings, has been a target for shorting for quite some time. Despite what appears to be heavy shorting, institutional ownership stands at 54% according to NASDAQ.
On Friday Sirius XM stock saw a mini rally, and appeared to have bounced off of the .25 cent mark. To technical traders this could represent a buy signal if certain criteria are met, but the behavior of the markets lately makes it very hard to determine if a bottom has happened.
Position - Long SIRI, No Position Level 3
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This article has 96 comments:
Restructuring the debt in SIRI is management's first priority, but the debt markets are in such disarray that job is monumental.
Tyler, all you did was give us days old news, and then you gave us your professional wisdom, which is nothing more than a small paragraph littered with hedge words.
Why the heck would this be something anyone would consider beneficial?
~long over four years now
1. Paid by someone to jerk around dumb people.
2. Your just not very intelligent yourself, which means you shouldnt be doing this. If your "good" with computers, you should let someone else handle the content.
Just my humble opinion. But I dont see a third option here. Too many articles as proof now, and too much time has passed and too many bad decisions to gloss over now. I will continue to post my opinion on your motives till Im banned. I will never cuss, or be disrespectful. These are all opinions.
was mel far off the mark when he called some investors "unsophisticated"? perhaps as a p.r. move it wasn't the smartest thing to do, but judging by MANY of the posts i have read, he was right on the mark....
The "reported" short interest (as in what Tyler is referring to) does not included those "deal" related shares nor naked shorting. SIRI has in general maintained a reported short interest of anywhere between 141M (May 27) and 310M (July 28) all year...
However to all. This reported number is lagging already and with a stock like this, it changes quickly IMO. So we're already 10 days past the last report. Between 9/10 and 9/25, it dropped from 236M to 199M. And when you have days like this week of 103M shares of volume on Thursday, and then a short cover rally on Fri, it makes it hard to gage what is happening. Like ZenInvestor says though, the bondholder short is a complete wildcard and makes it nearly impossible to interpret how the short cover is actually happening while the stock continues to fall. Which of course is exactly the plan. They've got this one wrapped up tight.
Hey, thanks for your captain obvious genuis interpretations!!! NEXT!.....
But alas Tyler. At least you and Brandon do start new threads. So I guess that's something for us readers/posters. Unfortunately, we can't take what you are writing about SIRIUSLY...
The first market action from 14000 to 11700 was the reaction to the recession. Then it went from there to 7800 on fears of a global financial meltdown. See, the Main Stream Media is trying to shift focus back to the recession, playing like the banks are ok now, and will lend again soon. Which they will. Its not a bank problem anymore, its a spending problem, and were simply not spending anymore. How do you spend more money? Make more money. How do you make more money? Sell more products. How do you sell more products, by people making more money.
How do you get business's to take chances on expansion, raises, growth, etc......
Give them cheap money. Until companies get cheap money, our economy wont recover.
Good companies, bad companies, and risks.
The good companies stock prices will SOAR PAST LEVELS NEVER SEEN BEFORE. Bad companies stock prices wont. But they will probably get back to a decent level.
Risky companies will get a good amount of funny money, as its funny money anyway, might as well go for broke attitude. As loafs of bread break the $8 a loaf range, and gas is back to $5 a gallon and steel and copper prices go through the roof again, the market will see some strange SP's. I predict a company like IBM might see a 300 share price in under 2 years. JP Morgan, possible 200-300 dollars, etc...
Wells Fargo, Citi, JP Morgan, and Bank of America. Those are now our 4 banks of the future. They were ALLOWED to survive by the government. Goldman and Morgan Stanley. These 6 entities have more power than any other force in the world(as long as our military is strong). These banks control the world, for now, basically.
On Oct 26 10:59 AM relmor wrote:
> Does anyone think its Sirius vs. Goldman? Rethink that. If it is
> , were screwed. If they are working together, and I always thought
> they were from day 1, then lets hope their plan includes rising the
> SP, which I thought dropping it to .25 cents(never thought that low)
> will go hand and hand with raising it to over 10. I thought they
> just wanted the shares out of the common mans hand. Too many rich
> people for their liking when it took off. I might be wrong on that,
> manipulation could be to screw us and remove our power from a media
> company.
(from the other article)
What the hell is your deal dude? Where did you come from again? I'm trying to figure out exactly why you are posting here? Why, to make yourself feel good by berating others? Kicking people when they're down or looking for answers to a difficut situation? If it's such a waste of time for people to type here, why are you reading? Sorry friend (loosley used), you just incriminated yourself. If (according to you) people are stupid for reading and writing here, and you're reading and writing here, that makes you stupid also. It's a syllogysm. Ever hear of it? I doubt it. But that's not important right now.
This will be my last post to you because you're just another loser. Anyone who makes PIG FARMER his hero, has to be missing a card or two in the deck...I know you've still got your jokers though. IGGY and I suggest others don't give this guy the time of day no matter what he says. Thank you.
Wouldn't it be prudent to cut the costs to save the company and return
to profitability.
Any media take-over conglomerate can see that the revenue provides
an opportunity to acquire the company and debt, pay down the debt
and in two years the value of the company would double and their investment.
It seems possible that management and talent are just stealing from the revenues. The bosses are enriching themselves and their talent friends.
We are ALL waiting for GS to "trickle down" the MASSIVE wealth our government GAVE them as a birthday present
It will do NO GOOD .........because this nation does not EARN money , we PRINT it .............Even this new batch , 1 trillion bucks , will just end up in China or the Middle East in 5 years ....because we continue to lose money on every transaction with the rest of the world
Every time we spend a dollar , a dime goes overseas , and maybe a penny comes back ( thanks to Brittany Spears CD exports )
We MUST get manufacturing on track , and our auto industry is crucial ...but they are stuck in the 1950's ...........we need to completely re-structure our entire philosophy in this country , and let our manufacturing cahones hang low ..........
Our leaders simply manipulate the tax code as "solutions" .....we are not going to solve our problems with "tax breaks" and "more debt"
Yes - I am off topic , but what I just said , affects EVERYTHING else going on around us .............this nation does not need more loans , it needs to EARN like there's no tomorrow .........and is GS loaning ???? NO , they are HOARDING , and in this economic climate GS is going to put the screws to EVERYONE , because they have ALL the power and money ..........thanks to our visionary "leaders"
I'm sorry to have to write this becaue I have respected your opinions in the past, but you have now proven that you are living in a deam world, my friend. And I for one am happy to let you meander down the road, singing Mels' and SIRI's praises. You will deserve everything you wind up with on this thing. Maybe someday you will actually take your rose colored glasses off and see this situation for what it is. You now prove that you are the type who when someone tells you a cat 5 hurricane is on the way, you look up at the blue, cloudless sky and say, I don't see any hurricane! And just go about your business. But then you are the same guy on the news sitting on top of his roof waiting for the chopper. The day will come when you will be singing a different tune here and I probably will not be here to read about it. But good luck to you. Who knows, chances are you could give a crap how this all plays out. You'll probably be OK with Mel and SIRI no matter what happens to you or your money. In my book, that makes you rogue and dangerous. I just hope that if or when it comes down to lawsuits, you'll be man enough to not participate since you are so comfey with both the company's direction and the outstanding job management is doing for you. If you do try to recover funds and participate, you wil be the biggest hypocrite this world has ever seen. Sorry and thank you.
It has all been said here many ways and multiple times. Not much left to say. Finally we are getting close enough to judgement day...finally, the story will be written. Soon, very soon, all the opinions and facts as they present themselves now (and at the very time of reckoning), will amount to the actual truth. Who's right, who's wrong...nobody knows yet but we are about to find out. I for one, can't wait. But one thing is for sure. We have all seen the ruinations, the perp walks, the corruption, the mismanagement, the malfeasance--enough to choke a horse since 2002--all continuing to go on as we speak to unbelievable heights in the likes of Dick Fuld, the boys at AIG, Fannie, Freddie, Bear etc...IF...this is not that, it will be the biggest, "ha, ha, suckers we fooled you" in the history of Wall Street. One for the history books, case studies in business schools, you name it. Further. If it is one of those cases, if that's anyone's idea of a great company to invest in from here on in, I just have to chuckle. Thank you.
Koop
On Oct 26 01:03 PM sl62 wrote:
> 163888...
>
> I'm sorry to have to write this becaue I have respected your opinions
> in the past, but you have now proven that you are living in a deam
> world, my friend. And I for one am happy to let you meander down
> the road, singing Mels' and SIRI's praises. You will deserve everything
> you wind up with on this thing. Maybe someday you will actually take
> your rose colored glasses off and see this situation for what it
> is. You now prove that you are the type who when someone tells you
> a cat 5 hurricane is on the way, you look up at the blue, cloudless
> sky and say, I don't see any hurricane! And just go about your business.
> But then you are the same guy on the news sitting on top of his roof
> waiting for the chopper. The day will come when you will be singing
> a different tune here and I probably will not be here to read about
> it. But good luck to you. Who knows, chances are you could give a
> crap how this all plays out. You'll probably be OK with Mel and SIRI
> no matter what happens to you or your money. In my book, that makes
> you rogue and dangerous. I just hope that if or when it comes down
> to lawsuits, you'll be man enough to not participate since you are
> so comfey with both the company's direction and the outstanding job
> management is doing for you. If you do try to recover funds and participate,
> you wil be the biggest hypocrite this world has ever seen. Sorry
> and thank you.
Ditto.
NONSENCE OR NOT
I for one am glad he posted news so we have a clean board to blog.
His last board got slow after 200 posts.
LOL
Please remember to ignore that nasty pig farmer. LOL
VOTE NO REV-SPLIT
VOTE NO MORE STOCK ISSUE
HOLY CRAP........
I get on the computer today to catch up on our conversation,
FIRST, I read the rest of the last post which ended this morning. I was focused and excited about the tone of the debate from both sides.
Then,,,,,I began to read this post.....I've spent the last 20 minutes reading NOTHING..........world economy...bashing Tyler,,,,tit for tat insults to each other,,,,,,,,god damn,,SHUT UP....
I don't know about any of you, but I don't like loading and scrolling a 10 mile post to get to the bottom. We're off to a good start here!!!
I'd really like Tyler to talk about some more serious subjects as well,,,,,however,,,you should be thanking him because it has given us a clean page to help each other figure out what to do. Instead, we've got a bunch of hot air and wasted space....................
I've been on other SIRI discussion pages and I found this one to be the most informative with what I think are some of the smartest people.
LOOK,,,,,our time is running out.......things are going to unravel VERY SOON,,,,,,,,,and for those of us still holding we need the best plan possible.
The fact that there are so many different oppinions here is a GREAT thing.......I just want to get what makes the most sense from all of them so I can make the best decissions I can, because at this point I still believe all of the best case & worst case scenarios are possible.
Mel & co. are positiong themselves as we speak.
We common holders only have each other, stop beating each other up over and over on the same issues. We NEED to figure out what is going on NOW and how to act on it.
Thank you.....
And with that, my apology to cos1000, your a wealth of knowledge and reserve even if I disagree with some of your tactics.
"those deal related shorts" , 183 Mil and 74 Mil lots (estimated), are included in the reporting and are part of the shares outstanding, 3.1 Billion with another .1Billion reserved making up a total of 3.2B shares issued with 4.5B authorized. If you read the prospectus filed with the SEC for the "shares lent" agreement. The only time these shares are not counted are in the reporting of GAAP metrics because they will be returned to the company when the Bonds they were lent against mature. Legal Short interest using these shares are reported as part of the whole. Nake Shorting is illegal and not reported anywhere, as you know.
Further, s162 your attack of 163888 and the author of the article Tyler above is difficult for me to understand. Tyler rights articles, and I agree that this is thin with information, but it is accurate and it does give you a place to express your opinions which you finally got to after giving him a "beat down".
163888 may be a supporter of this company still as I am, but he also knows the financial statements as well as anyone. He, like I, have been following this company for many years and have invested much time and money in this stock. For you to place labels on him or anyone at this point, such as Biggest Hypocrite this world has ever seen, astonishes me. Two weeks ago you were one of the biggest cheerleaders here. Now, with a Preliminary Proxy Statement release, you and others have solidified you entire conspiracy and management malfeasance case into a neat package, behind M. Hartlieb, who we have known about since his first filing.
You are correct in stating that soon we will know more, but I doubt that will do anything for you or your opinion. All things are looking dark and distrustful at this point, even those who have provided much factual information, while being as concerned about company performance as anyone. Your prophecies of a "day will come when" and folks "singing a different tune" may be right, but for you that day has come and gone..... As far as all the talk, that's just what it is.... and your just looking to buy your shares back at a lower price. Good luck with that.
163888, sl62 thinks your dreaming. I wouldn't go that far, but it's pretty optimistic. I'm praying your right (and I don't sell if you are).
But, with your optimistic view, you HAVE to provide an explaination for the silence of Mel & co. It seems to be clear that Mel gave the shares to be shorted. It also seems to be clear that the shorting has caused the stock price. AND it is obvious that MEL has nothing to say about the stock price.
THEREFORE, it's not that far of a jump to say that MEL caused the stock price.......anf further more, MEL has done NOTHING to stop it....
In your last large post you said you couldn't explain the stock price.
Well I just did.................I need your explaination for this to believe in your optimism...........
2nd issue, I agree with the possibility of your cash flow theory for the end of Q4.........HOWEVER, where is the advertising?????? How will we have an impressive Q4 if we're not marketing the product????????
Thanks in advance.........
no harm, no foul, we can agree to disagree, and that's what keeps it interesting.
Check this out, not much some proof that Mel still lives. Also watch the other 7 minute piece.
www.autolinedetroit.tv...
You guys are great! I suppose you arent taking your prozac to alleviate your deppresion.
You can either
A. take your prozac and continue to cry and whine about your loss in Siri
B. sell your shares and go away
C. get a gun or take your pills like Isaih Thomas.
Either way... you guys are AMUSING keep it up!
I'd also love to agree with your optimism.
However, I think you need to look closer at the institutional ownership in SIRI. You said that they would be running from SIRI if something was wrong. How do you know that they're not????
Take a look at this site.....
mffais.com
Type in SIRI and look at the activity over the past 2 weeks..........Then go back and type in CSCO, MSFT, and any other stock to compare their activity to SIRI..................... is wrong.........
I know you don't realize it, but you are making a fool of yourself.....
If you were to insult people's opinion with logic you may get under their skin. What your doing doesn't affect anyone.
You're just showing everyone how ignorant you are. (by the way, in that usage, ignorant means "unaware" or "not knowing" so, i really just called you stupid. See, everyone else knew that, I just wanted to make sure you did too)
My last line should have said,
It looks like something is wrong........
Do you guys work in teams now? Same people pro Sirius from several months ago are still the same at .29 and they post one after the other and even introduce the next guy to post. Jesus you guys are transparent. How much does Mel pay you goons? LOL, I need a job now.
EXAMPLE ONLY - WHO CARES IF OBAMA IS MUSLIM
Show people 3 videos where Obama said, “My Muslim Faith”. Supports of Obama will all say he never said that even after seeing it on the TV live. People are dumb and want to be misled.
SIRIUS IS DOWN WHY?
Who the hell knows? But we all know it is a killer monopoly or with government controlled price it is actually a Monogoply. Sirius should not be down. We have posted 30 reasons why it is down and we mostly all point to “Bad Mel and Company” screwing up and / or planning deception.
What does it take before people see Mel and Company need to be replaced? They did the Merger because that is what they were hired to do. Merging / take over’s is all Mel ever did great in his carrier. But, he never ran a company well and we see he can’t run Sirius any place but into the ground.
VOTE NO REV-SPLIT
VOTE NO MORE STOCK ISSUE
First...if the new "ugly deal" shares are included in the REPORTED short interest. Please explain this information below to me and how those shares equalling 257M are counted here. Thank you:
Previous 12 Months Short Interest: SIRI
Data as of 09/25/08
Date Ratio Shares
Sep 09/25/08 3.30 199.00 M
Sep 09/10/08 4.10 236.17 M
Aug 08/26/08 4.80 231.92 M
Aug 08/12/08 1.60 209.12 M
Jul 07/28/08 8.40 310.67 M
Jul 07/10/08 5.40 159.96 M
Date Ratio Shares
Jun 06/25/08 3.40 153.87 M
Jun 06/10/08 7.80 147.97 M
May 05/27/08 6.70 141.28 M
May 05/12/08 7.90 170.36 M
Apr 04/25/08 7.60 188.88 M
Apr 04/10/08 4.80 157.94 M
Short Interest Volume: SIRI
Data as of 9/25/08
Current Short Interest Shares 199.00 M
Current Short Interest Ratio 3.30
Float 3.12 B
Short Interest as % of Float 6.40
Average Daily Volume 61.86 M
Outstanding Shares 3.18 B
Though those deal shares were reported as outstanding, yes, they were most certainly not reported in the short interest. Why would they be cos? That would be transparent. It only took nutcase JIm Cramer to even expose that to the world. Were it not for Cramer, none of us would even be aware of that short, because it's nowhere to be found in either the merger document, nor the Q. Why? Because you're not supposed to know about it cos. It's clandestine, seruptitious, on the DL. In the days before shows like Mad Money, NO ONE would ever even hear of this behind the scenes, backroom dealing, designed to rob shareholders of their money.
Also cos, just by the very nature of naked shorts, please explain to me how those are included either. Thanks again.
Regarding your other comments...whatever. I'm exhausted from saying the same thing over and over to you. I changed my view because Mel changed the game without explanation. To me that's a liers game and waaay too opaque for my taste. Simple as that. I said here before, I wil trust you until I catch you lying to me. After that I will never trust you again. Hence my change of disposition. Nothing hypocritical about that. It's all about solid principles. Enough said.
Acknowedging that idiot only makes him feel more powerful. I urge you to consider going the iggy route. He's like a bothersome, incessant cough that won't go away. Iggy is the only cough surpressant.
People are pissed about management of this sattellite radio company, not Swine Managers, so shut your suck hole, we are not your freaking dentist, thank God.
Relmor - excellent advice again.
Has anyone been watching the Ford commercials. Free sat rad for 2 years. Is Ford paying SIRI to have it for free in their cars? This would be good if cars start selling again right?
Pig Farmer - unless you have some good insight, please shut up. You ar an idiot. Quit demonstrating this.
Sirius sued itself to enable protection from stock holders after merger?
Sirius was actually paying professional class action brokers to sue Sirius and settle. The result would have provided a class action protection agreement barring stock holders from make future make whole remedies.
All speculation of the Rev-Split, Mo stock issue should end. This dam company is corrupt and engaged in racketeering to defraud stock holders! We have a Fed Court and Judge saying this is true
IMO, this is absolute confirmation that Mel and Sirius management are a bunch of mobster crooks. This is all going to end in a major class action and racketeering lawsuit. That is why Mel is so quite.
More info contact michael hartleib savesirius@gmail.com
As far as naked shorts as I said and it would appear you agree, they are not reported anywhere because they are the result of an illegal practice. To save you from having to check, I said:
....... Naked Shorting is illegal and not reported anywhere, as you know.
And This.....
Your numbers reflect shares for which company in Apr thru July.? Both?
Did you want me to have to do the merger conversion for them to? Be reasonable. At least let us argue about what is published and not what we think is hiding in the dark corner. The SEC prospectus says the are added to the shares outstanding, period. How do you think these transactions are recorded if not counted? I'll bite.
S162, for the purpose of accuracy, Mel said that in an interview, convenient how you have coveted it for yourself
Mel said: "Trust me until you catch me lying to you. After that don't ever trust me again." I believe it was an interview regarding CEO's, and corporate leadership.
Shorting Sirius is an abuse of the shorting system. I think GS or someone is behind that to force renew of the Convertible Bonds. Bonds that can still be renewed with new terms and put the debt issue away. Renewing the bonds would be my last choice.
All I know about “Naked Shorting” is I like my woman shorter than me and naked.
Vote NO, NO, NO to the Rev-Split
Vote No More Share Issue
Kick Mel Out
Vote NO, NO, NO to the Rev-Split
Vote No More Share Issue
Kick Mel Out
A few more things. As far as yours and 163888's longevity here, you deserve your props for that and I certainly defer. But I'm sorry, as soon as someone starts siding with the cranks around here who spew crap, that's the line. It then calls into question their motives and position. As said, I'm happy to let those people here adhere to their beliefs abot this company. You refer to the Proxy very casually. Like it's nothng more than a Bubba Love Sponge update. Not so for me. It adds up to many things that are not attractive to me. Also, again, if you or anyone else here find what they are about to do appealing, I leave you to your beliefs. Have I ever once condemed you or berated anyone here for not selling their shares? No. I'm looking at the macro picture here. When this stock was @ 1.00, then .80, then .50, then even .40, I was cool with that in an apples to apples scenario. Then Mel and team slipped a 60 day eviction notice under shareholders' doors one evening and ran away without a word. Again, I understand you calmly picked up that notice and are stil trying to get a hold of the guy who left it yet he never answers the phone. I picked up that notice and said WTF!! After a few calls with no answer, rather than continuing that process, I went and did a deeper background check on him and didn't like what i found. What I found was disturbing. So I decided to be proactive because I don't put much past him at this point--which makes him dangerous in my worlld. There are waaay too many possibilities on the table. As said, I don't begrudge any one their decisions one way or the other. What I do see though is some are not willing to acknowledge ANY of the negative evidence presented here as plausible WHATSOEVER. That does scare me a little because I wonder why.
Further. You might have known about Mr. Hartlieb but he was news to me. So, though I find what he has presented as VERY interesting and plausble, he is not my pied piper. Though I do also applaud him for his work. I am comfortable realizing that if there is wrong-doing here, it will be uncovered. In this day of transparency breeches, it will come out like sludge through a pump. But I do have to say. After all things considered and what we've been through, it kills me that you do not look at the macro picture. Look at a 5 year stock chart cos! That's OK with you considering all the recent developments? That gives someone hope and optimism? Again, I'm not advising anyone to do anything with shares or otherwise but with all that has been exposed about the merger details, your own comment that you wouldn't have voted for the merger had you known it would take 1.5 years to close, Mel's deeper history with public/private companies, Mel himself telling David Faber on national cable TV that he did ALL the financing the week, AND ONE HOUR, before it closed, Mel either refusing to answer the reverse split question to Faber twice, and then flat out denying it to Cramer, I question anyone not willing to say at least, "huh, that sucks." Further than that cos, I now wish Mel WOULD HAVE JUST REVERSED right off the bat--gotten it out of the way. You have to ask yourself why he wouldn't, knowing full well his stock was going under a buck (the public reason he is giving for the reverse, though most know better). Wouldn't a good CEO be proactive on that instead of waiting until the price hit .39? I'm sure you disagree with that thinking too. But the truth is we all know that reversing then would have been counter productive to all the money that came in to the stock right after the merger. Why would they pass that up when the price was so cheap?
Cos...No one is asking you to lose your faith in Mel and Co. I'm certainly not. But as you keep challenging me about this, that, and the other thing, I can only push back with FACTS that run contrary to your opinion. And cos, these are mostly facts, not all opinions as you claim. Lastly, as I said, I remain your ally in the common cause of recovering our investments one way or another. We are taking two slightly different routes but the end game is the same.
And...about Tyler's article...I don't think your comments are valid because you do not share my opinion about the outrageous scenario that has now played out with this company. And you are entitled to your opinon. But from my POV, which is the only one I have (lol), neither Tyler nor Brandon have given one keystroke to what is brewing underneath the surface. Whether you like it or not, there is a real concern and it bothers me that neither of these guys have reported it (Tyler did the radio show but he hasn't done a full article on it recently as it has grown exponentially). I realize that does not bother you--no problem. But in the end, I have also before given him props for even creating articles which allow us to post. I did that long ago cos. You just missed it.
You have made a decision for yourself and sold your shares. I have already said that I respected your decision. The issue I am having is you and a few others, without any explanation from the company, have become judge and jury on Mel and all those of us sooo foolish to think that their might actually be a plan and the company still has value.
Your tired because you have spent every day proving your conspiracy theories with "old news" from M. Hartlieb legal filings, transcripts from interviews with D. Faber, conference calls and the like. Have you called Michael and asked him how he is helping your case in recovering your lost investment money or addressing the Proxy Statement. I doubt it. I have written to Michael through public posts and he has not been able to articulate his plan for recovering your lost dollars or addressing Proxy Statement issues.
Check out Siriusbuzz.com, Forums and you will find a healthy debate over the same concerns in which M. Hartlieb, who has participated their for a long time an is participating now.. There is a Special Edition Radio show that is recorded for your listening pleasure, help yourself. I guarantee you that the answers you seek are not down that "Rabbit Hole".
So rest up, tomorrows a new day, and while I still worry about the SP of my investment, sleep well knowing that you are safely on the sidelines.
Look, you two are about the sharpest on this blog and you're wasting a lot of time in a pissing match. Neither of you will be able to prove your points and opinions until the truth comes out.
sl62,,,,,,,I almost wrote a post on Friday telling you that I agree with everything you're posting and I wish I had sold when you did. I still may believe that and want to sell, but I have to tell you,,,,,,since you sold, and even more, since Friday, your presence here has changed sharply.....You have gone from someone expressing views looking to give and gain knowledge, to just being bitter.......I'm sorry brother but it's just obvious.
I look at this board as a place for us (shareholders) to find a direction to follow with this company. I'm not saying I don't want you here, on the contrary, I think you've got great knowledge that everyone can learn from. But I gotta be honest,,,,,,,,I am very well aware of the dark side possibilities and history of Mel and the rest. I'm not looking to listen to one more person, who no longer has skin in the game, try to convince me.
I'm extremely interested in your opinion of the future. Based on all the things you're saying and you believe, what is going to happen? Are you planning a reentry? When? If so, when will you exit??
Cos1000 has some different opinions than you. He also has a ton of knowledge.
I tried to make this point earlier, we ALL agree that WE SHAREHOLDERS have been screwed by someone........AND, that there's no one else looking out for us.........
The ship is on the verge of going down and the two smartest guys in the room are argueing about what's for dinner...................
We are where we are, how we got here only matters if it helps us figure out where we're going.
Let's use all these differences in opinion to determin as many scenarios as possible of how this will play out...........anything else is a waste of time.....................
Here, I'll start...... This little bump that came on Friday, what was it? Was it a small short cover or did we just take a big bounce off the low 20's? What does it mean to Monday? The reason I ask,,,,,are the 20's a buying opp????? Or, will there be a new low after the bad Q3 numbers????
I am not disagreeing that we are all upside down on this investment. But I can assure you that my average cost per share is not the same as most who have bought and held. Hey it hit 1.30, I bought more, it went to .90, I bought more, it went to .40, I bought more. It bounce up and down from .40, I traded and accumulated shares. It went to .202 on premarket Friday, I tried to buy 10K more but had no luck, maybe a blessing. I will play this stock until there is nothing left to play with from my original investment.
The big picture is...... I Don't Know What Will Happen.... but I am trying to make a little money for my Boat Fund. As I have said before right now I'm in a dingy with 1 paddle. I'd like an upgrade please.
I'm sure he can piss farther... I'm getting a little old...
Sorry for you, but I didn't need Mel to teach me that philosophy--I've lived by it for years. What, do you think he made it up?? That's a little naive, isn't it? And I don't even remember him saying it then but I find it interesting you do. Maybe you should examine that your CEO said that and what it means regarding his subsequent actions....and that was of course when he was pretending to be a defender of you, his shareholder...
As far as the numbers, those are what are reported. They are not reported as combined numbers, not combined numbers, they are reported numbers under the SIRI ticker cos--past to present. I don't report the numbers. They are reported to us. You and Me. Everyone. As I'm sure you know, getting such records of short interest minutiae is impossibe. If you can get them, do let me know. As if I have to explain this, the point of the REPORTED numbers, was to show very little difference between was was being reported before the merge or now. So you are the one who will have to tell me how they handle combined reporting in the event of a merger (AND reporting shares used specifically for a hedge short related to a financing). I do not now, nor have ever claimed to be the maven on wher to find that information--sorry.. If you are, then please explain to everyone here. This is what's reported to the public cos. So without the exact information you seek, I will agree to say (and as yet another item of non transparency abut Sirus Xm Radio), the reported short interest TO THE PUBLIC cos, is highly unreliable. That I have said here before and you missed it.
Look. I like you guys. This is a lot of nit picking and I don't want to be going back and forth. I have said before that I am on cos1000's side. Things are difficult and I'm not trying to run up anyone's tail. Except maybe the cranks here.
Cos. We are a few posts behind. I'm posting this before i keep writing...
I am heavy long. I am in the game. I am getting my forskin ripped off in Sirius.
But I will talk bad about Mel and bash the stock to provide what I think is the truth. Talking good about Sirius will NOT fix the problem. Maj Tom has a problem and we are Mission Control the stock holders.
Sirius will hit .05 this week if Mel does not take some action and give out some information.
VOTE NO REV SPLIT
VOTE NO MORE STOCK ISSUE
KICK MEL OUT
seriously, I watch the premarket level ll quotes every morning for several stocks, absent any news, there generally isn't a lot of committed direction. Friday was different because the general markets futures were in lock down, an historic event. While watching Sirius, on pretty good volume they took it down almost .05 to .202 briefly and then back to .22.
What amazed me was that there was no volume interest, on the worst premarket in recent history, to take the stock down below .20. I posted what I saw and predicted that with a rebound of any kind in the general markets, Sirius would be at .26, .27 by the end of the day. It went to .30 and .32 before someone came in aftermarket and bought a lot of shares at around .26. No explanation for it. It took the stock down to .29. I would only be guessing on why there was a large purchase but in order to cover a short position they take what's there.
I am hoping that as we have drifted down from .40 after the Proxy Statement Release, that absent any news we will see some shorts trying to ease their way out of the market.
The balance every day seems to be between shorts buying to cover and then selling to profit, along with retail investors just wanting to get out. This is flooding the market with stock inventor and drives the price down. The other side is some shorts buying to cover and then staying long and new buyers getting in, this group makes less stock inventory available at any given price.
So far panic in retail investors and shorts buying to cover and then selling to profit are winning and providing the downward movement. I think this trend might change, with most panic out last week and more shorts buying to cover and staying long. Long here might be to .40 -.50 or until the next piece of news one way or the other. Just one retail investor now trader's honest opinion.
NVS (2.0)
I saw what you saw on Limit Down. My take is it was a short trigger that brought bids in...what do you think?
As Spock would say this stock "is not logical". Only madness lies here.
NVS (v2.0)
NEVER TRUST A COMPANY THAT SUES ITSELF!
Vote NO, NO, NO to the Rev-Split
Vote No More Share Issue
Kick Mel Out
Good to hear from you. The action last week was my fear (as we talked about last weekend). Sorry you got stung. There is so much manipulation going on, it's so hard to gage but I'm now looking towards newly reset short triggers lower than the ones that triggered Friday. That might be worth your time to keep on your radar...just a thought...
Ditto. You're one of the good guys. I think for me, I just want to see this through...almost as a challenge. Many of us here have been trying to decipher the code here for a while and who knows if we'll get it but I want to keep trying. Kind of finish what you started kind of thing...
Take care,
NVS (v2.0)
P.S. I'm in Apple right now (bullish pennant retrace signal) but protecing with puts at $95. Hell of a week. Wish me luck. :-)
P.P.S. Don't buy ANYTHING without puts to insure.
Best...
NVS (v2.0)
FUTURES
Dow
8378.95/ 8441.0 +180.00
S&P 500
876.77/ 882.7 +16.70
NASDAQ
1202.27/ 1214.75 +23.25
Have a good night.
I just watched that video you posted the link to.....
Mel has a puzzle piece pinned to his lapel....
I know that is probably a very unlikely scenario ....but is it a possibility .....I don't put anything past wall street when it comes to manipulation
frankiec, You are correct. what you see here are people that are pissed they sold for a loss. Most hear keep saying Mel has said nothing about the refinancing. Dhaa did they miss the 10 times he discussed it. For the few who did not miss it, they are not pleased that he is just talking about it and saying he will take care of it they want action, well how much more action or confirmation do you need then Mel saying he plans on taking out the Feb. converts using COH for half and a bank loan for the rest. That while GS would like to just reconvert the old converts that is not what Mel wants to do. You cant get any clearer then that, yet many still thought and talked about back then, bankruptcy was a possibility. Then people want to piss and moan about Mel calling them unsophisticated. I for one agree with him, It was not hard for me to figure out that the Feb. converts were not a big deal way back when this crap about bankruptcy was being talked about because of the Feb. debt. Reply |Report abuse
"NEVER TRUST A COMPANY THAT SUES ITSELF!"
He is refering to a case that never included SIRI as a matter of fact the SIRI law suit came way after this case inwhich a judge told the firm that represented Brockwell in its suit with SIRI it could not practice in its state for 5 years, because it was shown that they were going after legal fees. Something they have been doing to many different companies and not to give the companies they sued a free pass on other things. It was never shown that the other companies were in with the law firm, as a matter of fact it was because of the company being sued, is why the law firm was brought to justice, they never wanted to be sued and were as mad as anyone that the firm was doing it just to get the millions legal fees.
That said I have not seen any credible evidence that Mel is a criminal or has done anything except to keep SIRIXM alive in a very difficult time. As I have said before most companies and CEO are given a few quarters before shareholders and analyst judge how good or bad they are doing with a merger. Thats right people a few quarters, not a few months.
Good Morning. All the legitimate concern was generated when the Proxy Statement for the annual shareholders meeting was released on Thursday, 10/16, after hours and their hasn't been a comment from the company since. Delisting rule changes came the day after but still no word. Dilution of shares with a reverse split and no comment has people spooked. Your comments are known but at this point until the company speaks up.... Fear is in Control. I am still waiting for 3rd quarter and a financing discussion before I worry any more about this whole thing. I've come to far to not see it through.
I love your optimism and want to believe,
But, you have to explain the stock price to me. Why is it so low and why hasn't Mel defended it.
My opinion, Mel lent the shares to be shorted, and that's why we are where we are. AND, Mel has let the shares fall.............That is just about fact......SO, how can you NOT have doubt in Mel's integrity? He lent the shares KNOWING this would happen to his shareholders.
How do you explain that????
Good Morning, this is a crazy market but Friday would have been a good time to nibble back in. IMHO the stock went to .202 in premarket and there is a lot of Fear here... capitulation looks like this..... I think we will retest again after 3rd qtr results are announced, day or two after.