Movie Sheds Light on Sirius Naked Shorts 106 comments
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Stock Shock the movie is breaking new ground. The movie that promises to shed light on illegal naked short selling has actually caught the eye of the United States Securities & Exchange Commission. Stock Shock is a documentary that educates viewers about illegal trading practices, through the stories of Sirius XM (SIRI) investors who believe they were the victims of naked short selling, and the victims of hedge funds who were possibly trading on the inside information that the company would be driven to bankruptcy this past February by certain bondholders. Unfortunately for those that participated, their plan failed and now the SEC is involved.
Satwaves has learned that several days ago, an agent for the SEC contacted a representative of Stock Shock, as that agent had been alerted to the allegations of hedge fund wrongdoings that were made in the film. A copy of the movie was sent to the agent, who then called back the movie’s representative to get more details, yesterday. The second phone call from the SEC lasted for 20 minutes, and included talk of media collusion as well.
Coming on the heels of the Obama administration’s announcements of sweeping reforms, it seems the SEC is now taking its position a bit more seriously. The agency has taken a lot of heat for ignoring claims regarding Bernard Madoff that fell on deaf ears until an unthinkable amount of damage could be done.
In the movie, Jim Cramer in a Mad Money clip calls on the SEC to make just one arrest, and that would end the game of naked short selling. Thus far, the problem has been the collapse of any company that fell victim to the game. The fact that Sirius XM not only survived but now thrives may prove to lead to the paper trail that can put an end finally to these illegal trading practices.
It will only take one person to confess to their part, no matter how small to create a landslide effect in the investigation and bring these people to justice. In my own interview in the film, I called for an SEC investigation also. Others did as well. This was my personal goal in agreeing to participate in the movie.
Disclosure: Long SIRI
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This article has 106 comments:
Down we go, I said take profit today. All hype...
Probably going to sit at 37 over the weekend. Maybe even 32.
Actualy, this sucks... I did not want to be correct. And i missed the 47 so I missed this pump and dump chance. Oh well...
Cramer was running very scared for several months after. He had death threats that put him in a hotel under protective guard. Probably the only justice that Mel’s "Quick & Dirty Financing" ever will receive.
Did Brandon write, "Sirius XM not only survived but now thrives"? LOL, Selling debt JUNK bonds to continue operations and pay "Outstanding" to keep a credit line is now called "thriving"? heheheh LOL...
No the Securities & Exchange Commission is not going to do much. Mel & SIRI was already investigated for telling direct lies in a Congressional Hearing. The Congressman who did the investigation into the lies was hushed. Any investigation of Mel gets hushed. SIRI and Mel get a free pass to rape and pillage investors.
Mel’s original "Quick & Dirty Financing" gave GS, Goldman Sucks a huge chunk of “off balance sheet” shares. The idea was to secure the loan without saturation. But, GS loaned out the shares to shorts. GS used Mel’s merger deal to short SIRI into the dirt.
GS continues to use those shares to short for a hedge. That is why I do not see a panic short cover ever happening. For GS the shorts are an insurance policy well worth the write-off coast.
Most who know this info in detail also know how Mel made personal hidden millions shorting his own company. This is what absolutely outraged me and why I will never stop telling the story.
I am heavy long in SIRI but pound this bad info because people need to know they are investing in a gangster..
We will see.
On the positive front Siri didn't tread back today as much as I expected. Only down about 2points. Not bad considering the nice last few days.
I sold some at .47 and have a set buy back at .41. If it doesn't hit then that's just as good.
It's a WIN WIN situation.
You heard it here first, Mr. Stupid
Mr. Stupid
On Jun 26 10:32 AM SIRI-Doom wrote:
> Naked Shorting? Maybe not.
>
> Mel’s original "Quick & Dirty Financing" gave GS, Goldman Sucks
> a huge chunk of “off balance sheet” shares. The idea was to secure
> the loan without saturation. But, GS loaned out the shares to shorts.
> GS used Mel’s merger deal to short SIRI into the dirt.
>
> GS continues to use those shares to short for a hedge. That is why
> I do not see a panic short cover ever happening. For GS the shorts
> are an insurance policy well worth the write-off coast.
>
> Most who know this info in detail also know how Mel made personal
> hidden millions shorting his own company. This is what absolutely
> outraged me and why I will never stop telling the story.
>
> I am heavy long in SIRI but pound this bad info because people need
> to know they are investing in a gangster..
I trusted Mel two years ago. I trusted the Merger. I trusted his ability to get financed. Trust got me stuck in SIRI.
Getting out of SIRI is work. It is no longer an investment. Sweat, tears and frustration over working to double down this penny. It is work.
The kind of work and fear of poverty that you, Mr. Stupid should never experience. That is why I tell the story.
I guess i'm just trying to make back some, if not all, of that money Siri took from me. It's personal now.
Mr. Stupid
On Jun 26 10:45 AM SIRI-Doom wrote:
> Mr. Stupid
>
> I trusted Mel two years ago. I trusted the Merger. I trusted his
> ability to get financed. Trust got me stuck in SIRI.
>
> Getting out of SIRI is work. It is no longer an investment. Sweat,
> tears and frustration over working to double down this penny. It
> is work.
>
> The kind of work and fear of poverty that you, Mr. Stupid should
> never experience. That is why I tell the story.
Yes it is... For me it is 290,000.00 worth of personal. That is big...
We will make it back. Double down is work 6 percent at a time. But, SIRI could go up. I need it to go up much less now than a year ago.
We need Mel to do just one thing correctly with no down side. IS that possible? LOL
Just in time for the dollar to collapse... LOL
The iphone app? Thats a pump? #1 music app still. SiriusXM hasnt even issed a press release about that. MSM doesnt seem to care. So who pumped that?
Note restructuring? Thats SEC filings required by NASDAQ rules. No pump there. Great news, but once again, just releasing facts.
MSM reaction? An "insider" sees the rate as 13 percent, only 1.75% off, pretty bad for "insider" information. I think that was the street.com report that said that. So no pump there.
Rosie signing? How is announcing your next talent a pump? And Im still waiting for the dump. No dump. Its at .46 cents right now, trading more and more like a normal stock. Buy and hold game now for a bit. Dangerous to trade, too much good news, in too short a time. Russel delisting, as explained weeks ago, was a non factor. If anything, its the last bit of basher fear keeping people from jumpin in before the end of the quarter. Look out in July. Fund managers can open new positions. All Russel index selling will be over, and any funds closing positions at the end of the quarter are obviously rapping that up. Still at .46.
Siri-Doom, my advice to you, if you dont trust management, is to reconsider your holdings. Good luck.
For all we know, the big sell off was into the iphone release, and off the note news.
Mr. Stupid
On Jun 26 01:35 PM relmar2003 wrote:
> Comment above about Cramer. He actually did the investor a favor,
> because if he convinced people to sell out at $2 instead of .12 cents(as
> he was trying to do, quoting the stock as worthless at .12 cents
> at the time), they could have saved a lot of money. ANd watching
> the show everyday, they could have finally seen his buy recommendation,
> saying it was going to hit.63 cents. It was at .40 i think at the
> time. Thats a good chunk , in not more than any losses from his pumping.
> Ironically, if you literally JUST DID WAS CRAMER TOLD US TO ON SIRIUS,
> we could have bought at 2.40, sold at 3.30, and bought back at .40
> cents, and resold at .63. Maybe we should listen more closely, or
> just ignore the clown to begin with. My point to this post, is even
> in pure dumb luck, or blind stupidity, chances to make back serious
> money were presented, and some took advantage. Still more gains go
> go. Probably, longer term, not more than already given from .12 cents,
> but close. And when covered calls become worth it, a high share count
> is going to be important.
My reference to “Pump and Dump” is about double down and working the penny. IE: We pump in our money and dump the stock to make a few pennies back.
You’re correct, I don’t trust SIRI management. Only fools trust Mel after what he has put us through. It is a shame that such a great service is run by a gangster. Every move Mel makes will have me second guessing an evil plot. Heheh LOL, maybe I am paranoid. Wow, it is hell to be stuck in SIRI with a heavy long.
Anyway, I am glad to see SIRI close over 40 cents on a Friday. Fingers crossed for another 34 minutes.
There just wasn't that many bids out there on a Friday at 3:56....no worries- 39 million buys jumped in after hours just as soon as the action got going... More proof next weeks liable to have good moves into the .50's!!!
As I said before, GS holds a massive short hedge on SIRI. They don’t care what it cost compared to the value they are hedging. Since GS has the “power”, any cover will happen after hours. Mel gave GS the shares as guarantee on the “Quick and Dirty” merger financing.
A large short on most stocks indicates big problems. SIRI has its problems. However, the unusually GS hedge on SIRI financing creates an unfair risk assessment on short positions. Now, add the shorts held by the NAB and other SIRI hate groups and you got something very unfair.
So, don’t put much value in risk assessment from shorts on SIRI. Unfortunately, most of the world does not know the truth of why SIRI is shorted heavy. Most of the world wonders why anyone would short a 40 cent stock and moves on without another thought.
CRAP IT STILL CLOSED AT 36…. WHAT JUST HAPPENED? Back up to 44 on the after hour tic. Wow, see what I mean? Who can trust this kind of action?
On Jun 26 04:56 PM between the hedges wrote:
> Does anyone know what is going on? Did a big fund sell all of its
> shares right before close? This is crazy.
Look at my last post. It is after hours short covering. No price rise when you have the power of GS to cover any way they want. GS, Goldman Sucks again… LOL
On Jun 26 04:47 PM between the hedges wrote:
> Are we missing some news? This freaking after hours action is all
> over the map.
My fingers are crossed for the Monday open. Toes, legs, arms, and eyes are all crossed with hope.
The control GS has on trading makes you wonder about the “New World Order”. Scary !
Each year on May 31, Russell Investments rebuilds its Russell 3000 and global indexes. The practice serves to rank U.S. equities from the largest market capitalization to the lowest. Index funds and ETF’s are dependent upon these indexes.
Top 3,000 stocks become the Russell 3000® Index.
Next 2,000 stocks become the Russell 2000® Index.
The smallest 1,000 in the Russell 2000 Index plus the next smallest 1,000 comprise the Russell Microcap Index.
Largest 1,000 stocks become the Russell 1000® Index.
Despite Sirius XM (SIRI) having a sufficient market cap to remain listed, its sub one dollar share price excludes the equity from eligibility this year, under Russell’s reconstruction rules. The reconstituted list will not be finalized until June 26, and will not be publicized until June 29, 2009.
Gotta know this stock has a history but from the stock flunctuation it's a huge sell. You have to accept it's been a good week and sometimes make the hard choice of selling and taking a profit.
"No one ever went broke taking a profit." Buffet
Carry on.
The initial Russell reconstitution list was issued on June 12. Most of the “smart money” or mutual funds that track the index had already anticipated the fact that stocks such as Sirius XM are going to be removed this year. A more likely scenario is that these index funds would have already begun selling the equity short against the box, rather than join in an all encompassing, every man for himself “dump fest” on June 29th; the actual day of effect for the Russell rebalancing to occur.
The announcement of the app created an ideal situation for these fund mangers to sell their SIRI positions into the strength that had been created on the previous days run-up on the initial news. In fact, trading volume rose to 10 times its average daily share volume that day as the stock gave back all of its gains from the previous days session.
So what’s next? It looks to me as if the so called smart money may have pulled the trigger a bit too soon. What they failed to foresee was the popularity of the application. Popularity I might add, that is in spite of the perceived lack of Howard Stern. As Sirius XM’s Apple app is continuously downloaded around the globe, renewed interest in the equity is sure to build as we witnessed on last Friday’s episode of Fast Money on CNBC.
As for the Russell rebalance. It appears to me that the damage has already been done. The index funds are out and happy to have missed the next leg up. With those potential sales off the table, it clears the way for Sirius XM stock to rise past resistance, while potentially leading to new highs. Last weeks options volume spike of 2.50 calls may prove to be significant in the coming week.
Fund access to SIRI in the future could be a problem for upward momentum. Ponder a stock that trades mostly via retail customers. Is that a good thing?
Ponder this: We have had a week of good news and an Ipod app released all just before the Russell index finalizes. Have we seen a company effort to pump up too the buck?
You have given me interesting thoughts. Wow, how good it feels to think positive. It has been a long time.
On Jun 26 05:34 PM Mr. Stupid wrote:
> heck, I just sold half of my shares afterhours for a limit of .44.
> I figure on Monday it's a 50/50 chance this stock will be up .08c.
> If it's up more i'm still making less that I would have made but
> if it's only up a little I can buy back and leverage.
>
> Gotta know this stock has a history but from the stock flunctuation
> it's a huge sell. You have to accept it's been a good week and sometimes
> make the hard choice of selling and taking a profit.
>
> "No one ever went broke taking a profit." Buffet
On Jun 26 07:56 PM Content seeker wrote:
> What the hell happen that caused the stock to have such high volume
> minutes prior to the closing bell???? 217,924,704 shares Fell from
> .44 to .36. Do you think maybe the SEC should look into this?
On Jun 26 04:28 PM 1more4me wrote:
> That was a 25 million share DUMP!
> There just wasn't that many bids out there on a Friday at 3:56....no
> worries- 39 million buys jumped in after hours just as soon as the
> action got going... More proof next weeks liable to have good moves
> into the .50's!!!
I'd imagine that the few intelligent investors that read SA (and there are only a few) are getting sick of you and Tyler try to manipulate this dog. You both continue to state arguments based on false assumptions, such as your recent article implying that the stock is being shorted still. Maybe you need to check the short interest data. It's only 5 or 6%. All the shorts covered.
It's sad to see you steer these naive kids into the gutter with your propaganda, and I think SA should stop allowing you guys to pump out anymore propaganda.
If I were you, I would cfease further propaganda. Everyone knows about your efforts to try and pull this dog out of the trash. All it takes is one complaint to the SEC and you could be in big trouble. Think about it. Don't you have $1 million invested in SIRI?
Your inaccurate and manipulative posts serve as evidence of attempts to manipulate the stock. If you want to manipulate stocks without the fear of SEC actions, you should get a job with CNBC. You have many of the things they look for.
SIRI will not make it. If you cannot see that, I suggest you never invest again because you are too ignorant.
I'd imagine that the few intelligent investors that read SA (and there are only a few) are getting sick of you and Tyler try to manipulate this dog. You both continue to state arguments based on false assumptions, such as your recent article implying that the stock is being shorted still. Maybe you need to check the short interest data. It's only 5 or 6%. All the shorts covered.
It's sad to see you steer these naive kids into the gutter with your propaganda, and I think SA should stop allowing you guys to pump out anymore propaganda.
If I were you, I would cfease further propaganda. Everyone knows about your efforts to try and pull this dog out of the trash. All it takes is one complaint to the SEC and you could be in big trouble. Think about it. Don't you have $1 million invested in SIRI?
Your inaccurate and manipulative posts serve as evidence of attempts to manipulate the stock. If you want to manipulate stocks without the fear of SEC actions, you should get a job with CNBC. You have many of the things they look for.
SIRI will not make it. If you cannot see that, I suggest you never invest again because you are too ignorant.
I'm willing to bet you and Tyler have a financial interest in this stupid propaganda video.
Mr. Stupid
On Jun 26 08:15 PM jmsithy wrote:
> you think there wasnt enough buys lol for 25 million it was the same
> company that bought back in the same shares it sold the same shares
> at a lower price naked selling strikes again "where is the SEC when
> it comes to this
Mr. Stupid
On Jun 26 08:47 PM you will be pleading the fifth wrote:>
> It's sad to see you steer these naive kids into the gutter with your
> propaganda, and I think SA should stop allowing you guys to pump
> out anymore propaganda.
>
> If I were you, I would cfease further propaganda. All
> it takes is one complaint to the SEC and you could be in big trouble.
> Think about it. Don't you have $1 million invested in SIRI?
>
> Your inaccurate and manipulative posts serve as evidence of attempts
> to manipulate the stock. If you want to manipulate stocks without
> the fear of SEC actions, you should get a job with CNBC. You have
> many of the things they look for.
>
> SIRI will not make it. If you cannot see that, I suggest you never
> invest again because you are too ignorant.
Check to see if you did a lot or tax lot sell order. That has stopped a trade or two on me.
FIVE BIGGEST POSITIONS:
Sirius XM Radio (SIRI.O) 164,973,349 -10,769,415 -6.13
On Jun 26 09:23 PM Mr. Stupid wrote:
> I am on your side Jmsithy but I don't think it's illegal to sell
> your shares then buy them back at a lower price. I don't care how
> many shares it is, it's not illegal. What you're thinking isn't the
> definition of Naked Shorting. That's something different. Any institution
> or person for that matter can sell all their shares at any time if
> they so choose.
>
> Mr. Stupid
To draw an analogy in another sector, the legal system, which also has it’s own injustices - it isn't illegal to impose a punishment of 26 days imprisonment for vehicle manslaughter while under the influence of alcohol as well. Let's go further, it isn't illegal to follow unsubstantiated proof of weapons of mass destruction and use this information for your own agendas, while sacrificing human life on both sides of the fence as long as you are in a position of legal immunity.
Folks like you are self serving asses, who only paint a picture to serve your own agenda.
Time will tell, but there are proposals being made, such as the CEO of IBM, to fix the culture of greed on Wall Street by imposing stiff tax laws on short –term capital gains. The stock market has evolved into a gambling hall of traders rather than investors.
.
Mr. Stupid
On Jun 26 09:44 PM boston 1 wrote:
> There is something weird going on with this stock I have a standing
> order for 50,000 share at .37 and guess what it never got even a
> partial buy.
PDGI. An "analyst?" started talking trash about the company: "the CEO is not a licensed physician" (so what?); "CEO has a Rolls Royce, lives in a huge multi-million $ home and is having an affair with a young lawyer"; "their Miami testing facility is overcrowded with patients and not in great condition"; "they are using illegal immigrants for test subjects"; it went on and on and on, with each new rumor accompanied by MASSIVE short selling. Stock price plummeted; CEO resigned. It was all a bunch of rumors (some meaningful, mostly garbage); PDGI was finally sold to another drug development company, but not before GS or some hedge funds pocketed hundreds of millions. Investors were wiped out.
I have sent letters to the SEC on both of these situations. I believe when companies lie, stretch the truth and are found out, prices should go down - BUT PRICES SHOULD NOT GO DOWN BECAUSE OF ILLEGAL NAKED SHORT SELLING!!!!!
Thank goodness for the movie. So the SEC won't even think about doing something unless someone makes a movie??? They refuse to respond to complaint letters?? They don't look at daily volumes and unusual stock moves? They don't start to ask questions when short positions are HIGHER than float???
I don't know for certain, but my guess is that naked short sellers at troubled companies like Enron & Worldcom probably pocketed hundreds and hundreds of millions with uncovered shorts at the time the companies were closed. I am not excusing the management of these companies for their misdeeds . . . but ordinary investors should not be victimized by naked short sellers. Ordinary investors should have a chance to sell their shares in an open market - not after GS/hedge funds have already naked shorted hundreds of millions of shares in 5 minutes of trading and destroyed the retirement funds of millions of investors.
Government Sachs will undoubtedly find a way to get the SEC to continue turning a blind eye to naked short sellers. Naked short selling is ILLEGAL; it is FRAUD; it will never stop unless a dozen ILLEGAL TRADERS end up in HANDCUFFS. Right now, if the SEC catches a naked short seller, they slap their hands - with a $7 million fine - while the naked short sellers made $100 million - just a 7% cost of doing business.
Naked short selling will eventually destroy capital formation in the USA. If I were an entrepreneur, I would NEVER do an IPO in US financial markets: it is too likely that some so called market maker or analyst will establish a big naked short position, then start rumors about a company-"how horrible their management; bad product quality; new competition; negative cash flow; the company will never be successful" - all the while naked short selling shares to destroy the company. It is an absolute disgrace and a bloody stain on US financial markets.
Aaron Ashcraft
Barcelona & Los Angeles
Something did happen at close of SIRI on Friday. I also hate the Naked Shorts. I don’t much like GS.
Several posts here on Friday explained the Russell Index adjusting for the year. Some said it was only one company selling and then buying (average down/double down). It would be nice to confirm who did what trading in that last minute on Friday.
IMHO, someone, (GS) timed a huge short cover at the same time as the Russell Funds were selling off. A coordinated multi “entity” sell and then “buy to cover” would be a SEC violation as it is a conspiracy and manipulation of a stock. Let us not forget that using inside information is also a SEC violation.
Some say the SEC will never investigate and we will never know the answer. Actually, the answer is in “not knowing”. When you have the power of GS to manipulate the FED and the US Treasury, you are above the law.
Asking the SEC to investigate is like writing your Congressmen, all hopeless. If they do anything it is because of massive public outrage. What ever they do to investigate is all smoke and mirrors to cover what they already know and profit from doing. The corruption is more than most people can comprehend.
Expect people who think like this to investigate something?
Obama, Congress passed a law SCHIP to provide Children with health care. SCHIP is a 30 percent tax on cigarettes. So, please show you care for the children and start smoking! The children need your money for health care. Please start smoking and pay the 30 percent SCHIP TAX. The children of the USA are depending on you to smoke.
The conspiracy is within our own Government and the big funds. There is and always will be a political and monetary connection between these two entities.
Mr. Stupid
On Jun 27 03:07 PM SIRI-Doom wrote:
> ONE THEARY - Friday SIRI funky 1 minute close
>
> Something did happen at close of SIRI on Friday. I also hate the
> Naked Shorts. I don’t much like GS.
>
> Several posts here on Friday explained the Russell Index adjusting
> for the year. Some said it was only one company selling and then
> buying (average down/double down). It would be nice to confirm who
> did what trading in that last minute on Friday.
>
> IMHO, someone, (seekingalpha.com/symbo...) timed a huge short
> cover at the same time as the Russell Funds were selling off. A coordinated
> multi “entity” sell and then “buy to cover” would be a SEC violation
> as it is a conspiracy and manipulation of a stock. Let us not forget
> that using inside information is also a SEC violation.
>
> Some say the SEC will never investigate and we will never know the
> answer. Actually, the answer is in “not knowing”. When you have the
> power of GS to manipulate the FED and the US Treasury, you are above
> the law.
>
> Asking the SEC to investigate is like writing your Congressmen, all
> hopeless. If they do anything it is because of massive public outrage.
> What ever they do to investigate is all smoke and mirrors to cover
> what they already know and profit from doing. The corruption is more
> than most people can comprehend.
satwaves.com/blog/2009.../
my price was passedover too (see my entry)
On Jun 26 09:44 PM boston 1 wrote:
> There is something weird going on with this stock I have a standing
> order for 50,000 share at .37 and guess what it never got even a
> partial buy.
Hope that's not too confusing for ya,
Billy
On Jun 27 09:49 PM BRUCE E. W. wrote:
> I also had a standing order to buy SIRI @ .32 and sell orders went
> through at .31 and .30 without touching my higher amount. How can
> this be legal? It's like there are inside priviledges trading from
> their private market and tapping into the profit taking side of the
> open public market at will. Is organized crime running the market
> these days? This seems like a deal from a Sopranos episode. Does
> anyone know if it is possible to mount a class action suit against
> the entire market?
Someone used the Russel Rebalancing to cover. They key? The 20 million dump into the open market to GET to .36, to JUSTIFY the .36 close, to INFLUENCE action on Monday. The Russel Shares TOTALED 64 million shares. Check the volume. Check were 90% of the shares traded today. Thats right , over .44 cents. Where do we open on Monday? You guessed, it, at .44 cents. Close is a joke, disregard it. This was done to hit every stop loss order between .44 and .30. It worked. I think they may have freed up 100 million (abouts)retail panic sellers and SL orders. Work of pure evil. 1 2 3 punch. Russell index shares were not the 20 million dump . That was someon else. O, and they came all in 100 share lots, pretty much. AON orders were ignored. See, Iimit orders guarantee price, NOT execution. Since a retail investor cannot set up a market or stop order on shares this low, they have no chance in this envirnonment. I put a buy in 2 cents under where it was trading, just to have TIME to get it filled. It worked. But it was a miracle. If you didnt have a buy in, it might not have filled, but at least you gave yourself a chance. Pretty sure all buys between .44 and .40 did hit. .36 cent trade at the end for 64 million was MM to MM, same MM. I verified this. Not an opinion. Since they had to get the Open Market price to .36 to justify the close, and then the volume went ballistic in after hours, as hundreds of predetermined buys at .44 were enacted.(here is where most shorts covered, our insitutions were selling to other instiutions. Either they have the greatest short wall in history at .44(discounted due to action, and fundamentals, and would negate the perfect exit strategy), or we go up from here. Not saying Monday, but soon. Its ironically either extremely bullish(my take), or extremely bearish. No middle ground interpertation for what we saw on Friday. I will say this, the Russel Rebalancing shares, had NOTHING to do with the action. Literally irrelevant, like I was saying all week. It was an event, but it was caused by illegally timed MM action, in coordination, to take out all SL, and create a selling panic one more time.
Next...
But you left off key facts ,that make your take biased, and not useful.
Mr. Stupid
On Jun 28 01:22 PM relmar2003 wrote:
> The only reason you decided to call the Friday action correctly finally,
> is that its another chance to show us how manipulated it is, how
> fucked we are, and why we shouldnt be investing. I just took the
> same set of facts, and told everyone WHY they SHOULD be investing.
> SO nice try.
> Next...
> But you left off key facts ,that make your take biased, and not useful.
I do want everyone to know the negatives. People need to know what I deeply wish I had known before I invested and lost hundreds of thousands. SIRI has a long history of negative. The list of negatives gets longer every time Mel does something. People must know before they invest. The CEO of SIRI, Mel is an established gangster. You can not hide the facts.
Mel should be in jail. Thousands of us investors have been burned by Mel and we want justice. We want SIRI to go UP. But, we want Mel down the river.
I don’t care what you believe about me. I don’t care if you believe I am long or not. You are a small inconvenience that I choose to ignore. Go away.
I am tired of your constant abuse of this board with name calling and attacking everyone who says anything bad about SIRI. relmar2003, you’re selling SIRI because you are paid to sell it.
Relmare2003, you are the only one lying about anything, You are the only one constantly picking a fight. Month after month you scream the same tired “No Proof” in the face of all kinds of proof. Mountains of proof from, Congressional investigations, trial judges, FCC documents have all been posted millions of times. Relmare2003, just admit that you are paid and working for SIRI.
Relmare2003, no need to use your other 9 nick names to bash me. Everyone knows you and your poor, childish slanders.
relmar2003, you have pushed SIRI for two years. YOU MUST BE A PAID SIRI BLOGGER. I am tired of it. Go sell something else. Go away.
Relmar2003, I ignore you. You’re not worth the afterbirth of a dog.
Here is what people fail to understand and is not readily disclosed via the FCC merger agreement and was hidden from the SIRI merger Congressional Hearings:
Not to big to fail. SIRI is too important to let die. SIRI stock is being manipulated as we have all seen it. Why?
SIRI is a holding facility for the major portion of the satellite radio frequency spectrum. It is one place to hold and control the entire spectrum. SIRI is centralized government control of satellite radio frequencies. This was revealed in the Congressional Investigation last year that implicated Mel for lying to Congress during the hearings.
More to the story, but the issue is understanding that SIRI is not just a stock.
SIRI is managed centralized government control of the satellite frequencies. I WOULD NOT HAVE A PROBLEM WITH THIS IF THE STOCK WAS TRADING NORMAL
Relmar will demand proof. LOL, these things are posted on the FCC and Save SIRI web sites.
When you understand the back door way the merger was justified and the laws that were broken to provide centralized control of satellite frequency spectrum, you begin to see that SIRI has big time government pull.
IE: SIRI is a holding facility for the major portion of the satellite radio frequency spectrum. SIRI is centralized government control of satellite radio frequencies. SIRI is as much a part of Government and still as private a company as is the (FED) Federal Bank.
Government does not investigate itself without public outrage, any investigation government does on itself is always smoke and mirrors. SIRI is a holding and management company for the US Government to control satellite frequency.
Mel has a license to rape and pillage. The SEC will not investigate anything about SIRI. The best we can hope for is a few congressman ask Mel and GS to ease up on the back ended trading until the smoke clears.
I think SIRI will go up this week. Lets all hope the good news continues.
You definately dont read my posts. Obviously. AT times, no one has been more critical of them. But I see reality, you see and post what your told to post by your boss. Im not going anywhere, ever. Sorry to disappoint you, but your bashing will not be allowed to continue unanswered. Your a hack, and your take on this company is irrelevant.
You want to debate the company, fine. YOu want to bash, then good. You amuse me, and provide me with entertaining laughs. Nothing more. Keep posting, your funny. And wrong.
WHere were you on these negatives around the BK time? Didnt see you around. Didnt see you on the way down either? Your advice is old and useless.
Your personal attacks on me, please keep them coming. I like it.
Siri-Dipshit is your new name.
Do you like your new name?
Mr. Stupid
Long Siri,
Mr. Stupid
On Jun 29 01:45 AM SIRI-Doom wrote:
> No SEC investigation?
>
> When you understand the back door way the merger was justified and
> the laws that were broken to provide centralized control of satellite
> frequency spectrum, you begin to see that SIRI has big time government
> pull.
>
> IE: SIRI is a holding facility for the major portion of the satellite
> radio frequency spectrum. SIRI is centralized government control
> of satellite radio frequencies. SIRI is as much a part of Government
> and still as private a company as is the (seekingalpha.com/symbo...)
> Federal Bank.
>
> Government does not investigate itself without public outrage, any
> investigation government does on itself is always smoke and mirrors.
> SIRI is a holding and management company for the US Government to
> control satellite frequency.
>
> Mel has a license to rape and pillage. The SEC will not investigate
> anything about SIRI. The best we can hope for is a few congressman
> ask Mel and GS to ease up on the back ended trading until the smoke
> clears.
>
> I think SIRI will go up this week. Lets all hope the good news continues.
We need to pickup 600,000 subs from this app to keep the subs lose low this Q report. Will we make it?
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" Few are talking about the streaming application that launched through Apple's App Store just 11 days ago. It's gone from being the second most popular free app in Apple's iTunes storefront to a still-respectable fifth. But the fadeout will continue. Rare are the apps that remain fixtures on the Top 25 list. "
" The app may generate new interest if Howard Stern is added, or by making itself available at no additional cost for existing subscribers. But Sirius XM is well-served by keeping the press releases rolling, to maintain its flagship satellite-based service relevant. "
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Subs from this app look less than good without Stern and Sports.
I see it worth the upgrade for existing users to get Ipone and Web assess. But I do NOT see the new users we need for this Q.
Contracts prevent Sports channel. Stern and Sports will sell the App. By next year, adding Sports and Stern will require all new advertising for the App. Any way you look at it, the boat has sailed already.
However, if this Q report shows EBITHA and sub growth. SIRI will rocket with "In this Economy" success... Wow, let’s pray.
Maybe the App for that Microsoft thingies will come out at the same time Mel gets Stern and Sports contracts updated. How long will Mel wait before he misses that boat?