Microsoft Should Take Music Siriusly 57 comments
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By Brandon Matthews
Tuesday, Microsoft (MSFT) announced its intention to enter the business of online music streaming. There are certainly enough players in the arena today, some more dominant than others. It’s one thing to be first to market, another to be number 200 or 2000. The market is saturated with more than enough players to meet current and future demand. With royalty rates now written in stone and further litigation off the table, it makes sense that others will soon join the fray as well.
If Microsoft really wants to take advantage of the expected demand from the mobile market, they will be accomplishing nothing other than dilution of the current market, while creating a product that has nearly zero chance of substantially adding to its bottom line. While they’re at it, maybe they could throw a few Google (GOOG) ads up on MSN to generate some extra revenue. Whatever happened to innovation at Microsoft? I mean they cannot be “Sirius!”
In an exclusive interview with “The Telegraph”, Peter Bale, executive producer of MSN, explained that “Music is an important area for Microsoft. We are looking at launching a music streaming service imminently.” Mr. Bale goes on to state that Microsoft is “looking at how other similar businesses have structured their business models and trying to figure out what will work best for both consumer and Microsoft.”
Let’s break this down. The answer to what works best for the consumer and Microsoft is content. Exclusive content that cannot be found anywhere else. There is no point in anything else. A music jukebox service like Pandora can only go so far. Microsoft has the money. Only Sirius XM Radio (SIRI) has the content. The two companies already work together on other projects, such as the Ford (F) “SYNC” system.
Sirius XM Radio is always looking for potential suitors, and has gone so far as to offer an olive branch to Charles Ergen of DISH Network just a few months ago. If Microsoft is serious about being the best, it should consider spending some of its hoarded cash to buy the best.
Position: Long SIRI
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This article has 57 comments:
The word from a SEC investigator who does no want to be named.
Mel is lobbying with NasD to lift the 1.00 rule suspension. SIRI lawyers have been in talks lobbying with NasD officials to reinstate the rule.
If the rule is enforced, SIRI must get the share price over 1.00 within (about 90 days). Mel has authority to split (10-50 to 1) only if the rule is enforced and SIRI gets a letter warning of a NasD delisting.
Mel wants the rev-split and would like to announce the split in the 2Q report. Mel has his lawyers lobbying the NasD to get it done.
So, dump on any news of the split. SIRI will be hammered after the split. IMHO, Mel will probably go for the entire 50 to 1 because he knows he is going to get hammered back under the buck at any amount less. (Historically most stocks that rev-split get hammered at first.)
What Microsoft was saying is “Online Streaming Music”. They have no desire to enter a costly world of Satellite broadcasting. Microsoft has never liked government and certainly will not want to be involved with FCC to be the central control of satellite broadcasting frequencies.
Microsoft is looking for royalties in the PODCAST arena. They believe streaming Podcast is the new competition to TV and Radio Broadcasting. I don’t want to see broadcasting melt away. However, I agree Podcasting as in paying for exactly the content you desire, is great.
Podcasting and Music royalties are the future of streaming media. SIRI broadcasting exclusive content will have a back seat. But, that is better than the news paper business that is riding in the trunk.
Forget AT&T buying SIRI. Never get passed regulatory muster. Our Communist President could Nationalize SIRI and put “Rap Music” on every channel.
IMHO – SIRI will pass on EBITHA, Income, and Coast cutting. This good news will be shredded by 500,000 in paid subscriber loses that will be offset by 250,000 in free trial users. The hype will rip into SIRI lost subscribers. The anal---lists will stay mostly neutral and SIRI will continue to stagnate the 3Q under 48 cents.
Dump SIRI on any news of the rev-split. SIRI will be hammered after the split. IMHO, Mel will probably go for the entire 50 to 1 because he knows he is going to get hammered back under the buck at any amount less.
SIRI was to hit 41 today. But I think GS is holding back due to intrest in other stocks today.
This is a good day we have been needing.
I just love these dogged stocks. I took 50,000 shares off of SIRI working the 3 cent spread and put it into Citigroup C while waiting for SIRI to go back to 365 cents.
Now, Citigroup C has gained 14 percent. LOL…
On Jul 15 12:02 PM SIRI-Doom wrote:
> I hope everyone is riding the DOW pump on financials today. I will
> be taking profit starting 11:20am on Thursday and be out by Friday.
>
>
> SIRI was to hit 41 today. But I think GS is holding back due to intrest
> in other stocks today.
>
> This is a good day we have been needing.
I did not miss a thing. I hold 110,000 shares of SIRI. As I explained to you on Monday, I mentally split 160,000 shares into 50,000 blocks and trade them in and out. I keep 60,000 shares in SIRI because I am a bear on SIRI.
I am waiting on SIRI 365 and think it will be again soon. But still, I pulled an extra grand on Citi. So, if I need to rush back into SIRI, who cares. I am not out and not down for the effort.
I am thinking of pulling back a second block of 50,000 from SIRI if it hits 415 today. I don't see that happening now.
I am not going to defend my Facts on Mel. What you call conspiracy theory is only a poor effort to misguide people by suppressing the facts. I will continue to post the facts as I know them best... I do NOT post for you. I post for the uninformed.
Shhhh quiet, we want SIRI to go up today... Join in with Mel and be a gangster. I just want to be an investor and make money without unfair and predictable manipulation.
Yes, Mel Karmizine (Karmacrook) could go down in the history books as a big man. The first man in the history of the United States Stock Market to single handedly destroy a billion dollar corporation with monopoly over an entire industry.
SIRI from 12.00 to 8 cents in 11 months.
SIRI the only company to ever merge a bankrupt 11 billion dollar debt company XM, with a working model company SIRI.
SIRI less than 8 months after the merger, Stock saturation over 83 percent in new issue and guarantees
SIRI DEBT
2010: ~$500mil in interest plus $350 in loans coming due
2011: ~$500mill in interest plus $650 in bonds and loans due
2012: ~$500mil in interest plus $500mil in bonds and loans due
2013: ~$500mil in interest plus $1.8bil in bonds and loans due
2014: ~$500mil in interest plus $555mil in bonds and loans due”
Way to go Mel!!! Big Man!!!
How about some news on the New Subscribers from the Ipod App.???
On Jul 15 01:11 PM SIRI-Doom wrote:
> FIRST MAN TO EVER DESTROY A MONOPOLY
>
> Yes, Mel Karmizine (Karmacrook) could go down in the history books
> as a big man. The first man in the history of the United States Stock
> Market to single handedly destroy a billion dollar corporation with
> monopoly over an entire industry.
>
> SIRI from 12.00 to 8 cents in 11 months.
>
> SIRI the only company to ever merge a bankrupt 11 billion dollar
> debt company XM, with a working model company SIRI.
>
> SIRI less than 8 months after the merger, Stock saturation over 83
> percent in new issue and guarantees
>
> SIRI DEBT
> 2010: ~$500mil in interest plus $350 in loans coming due
> 2011: ~$500mill in interest plus $650 in bonds and loans due
> 2012: ~$500mil in interest plus $500mil in bonds and loans due<br/>2013:
> ~$500mil in interest plus $1.8bil in bonds and loans due
> 2014: ~$500mil in interest plus $555mil in bonds and loans due”<br/>
>
> Way to go Mel!!! Big Man!!!
> How about some news on the New Subscribers from the Ipod App.???
You sure are undecided
according to Siri-doom 2 days ago when he tried to tell me about his conspiracy
SIRI-Doom: Comments (198) FollowMaybe not today
If you look at the 30 day graph you see Goldman Sacks is pumping and dumping like this:
They float with a .006 share algorithm that recharges every 6 days with a spike. Then, they pull it back over an 4 to 6 day trend ending in a 4 cents spread.
I call this Mel’s Goldman Sacks, “Penny Milk” ---Be advised that GS randomly changes the computer strategy.
The monkey can get you doing this spread stuff. So, I have mentally split my shares in 50,000 blocks. Because I am currently a bull, I keep one block of 50,000 shares in all the time. I work the other two blocks on the spread every 12 days. This has netted me a recovery income of $2,000.00 per week.
I do not normally tell my strategy and please do not take any of this as advice. I felt my bashing needed some clarification of how and why I am long, very long and deep from the merger. Jul 13 12:54 PM |Report abuse| Link | Reply 00
On Jul 15 12:43 PM SIRI-Doom wrote:
> jmsithy
> I did not miss a thing. I hold 110,000 shares of SIRI. As I explained
> to you on Monday, I mentally split 160,000 shares into 50,000 blocks
> and trade them in and out. I keep 60,000 shares in SIRI because I
> am a bear on SIRI.
>
> I am waiting on SIRI 365 and think it will be again soon. But still,
> I pulled an extra grand on Citi. So, if I need to rush back into
> SIRI, who cares. I am not out and not down for the effort.
>
> I am thinking of pulling back a second block of 50,000 from SIRI
> if it hits 415 today. I don't see that happening now.
>
> I am not going to defend my Facts on Mel. What you call conspiracy
> theory is only a poor effort to misguide people by suppressing the
> facts. I will continue to post the facts as I know them best... I
> do NOT post for you. I post for the uninformed.
>
> Shhhh quiet, we want SIRI to go up today... Join in with Mel and
> be a gangster. I just want to be an investor and make money without
> unfair and predictable manipulation.
tech.yahoo.com/blogs/p...
Microsoft isn't going to buy sirius, It's not the way they do business. If they bought yahoo they would not only get the search business, but yahoo's interest in Rhapsody as well which streams online music. Tha would make much morre sense for them.
This proposal brings up the main reason why I could never be a long term investor in sirius. Their technology has been superceded by the internet, and so there is no barrier to entry into their business. They do have big name content locked up temporarily, but as for the music, anybody can become their competitor through the internet.
What this means to me is that sirius can never make a profit, as they never have. It's like the landscaping business in that you never have control over your prices because competition is too fierce. Lots of people bring up this or that idea to add millions of subscriptions, but overlook the fact that sirius does not make money on their subscription rate right now. In order for them to survive, they would have to not only raise the subscription price right now, but also in anticipation of paying more to keep their exclusive content like Howard and major league sports, as those contracts become due. Combine those increases, with the capital costs for satelllites which their competitors don't have, and of course the huge interest payments, and I just don't see any reasonable path to profitability.
I keep 60,000 shares in always. So, that would be a bull.
But you can pick at my post if you like. Thanks for reposting me...
SIRI is old school run by a gangster who will not take good advice. Just plain bad management.
Mel ignored and was too late on the used care market.
Mel was to late streaming online.
Mel was late on Ipod App and screwed that pooch by not advance contracting Sports and Stern.
Mel has not targeted anything on time or without mistakes. All too little and too late. All Mel has done is milk share holders....
On Jul 15 02:21 PM I'm Not Jim Cramer wrote:
> Here's a link to a short piece about this 15 year old who wrote a
> report that has adults buzzing. Here's how it relates to sirius.
> He discusses how teenagers hate to pay for music. I have brought
> this up numerous times, that sirius has absolutely no "in" with the
> upcoming generation, and is virtually unknown in their world.
>
> tech.yahoo.com/blogs/p...
>
> Microsoft isn't going to buy sirius, It's not the way they do business.
> If they bought yahoo they would not only get the search business,
> but yahoo's interest in Rhapsody as well which streams online music.
> Tha would make much morre sense for them.
>
> This proposal brings up the main reason why I could never be a long
> term investor in sirius. Their technology has been superceded by
> the internet, and so there is no barrier to entry into their business.
> They do have big name content locked up temporarily, but as for the
> music, anybody can become their competitor through the internet.
>
>
> What this means to me is that sirius can never make a profit, as
> they never have. It's like the landscaping business in that you never
> have control over your prices because competition is too fierce.
> Lots of people bring up this or that idea to add millions of subscriptions,
> but overlook the fact that sirius does not make money on their subscription
> rate right now. In order for them to survive, they would have to
> not only raise the subscription price right now, but also in anticipation
> of paying more to keep their exclusive content like Howard and major
> league sports, as those contracts become due. Combine those increases,
> with the capital costs for satelllites which their competitors don't
> have, and of course the huge interest payments, and I just don't
> see any reasonable path to profitability.
It might be because the market is up (very unlikely the market has been up mostly, but this stock giving way falling falling / it might be because the shorties are at a minimum. It could be because Siri-doom is finally incorrect. no 6th day spike here looks like steady trading here.
I say this will rise to .45 / .46 for the next day or 2 then give by a few cents.
Thats my Theory
On Jul 15 02:38 PM SIRI-Doom wrote:
> Put it together. typo
> I keep 60,000 shares in always. So, that would be a bull.
> But you can pick at my post if you like. Thanks for reposting me...
Just as I was talking about Citi and took profit today, the fed shut them down on bailout talks. They stopped trading C somtime in the late afternoon.
That was way to close... And I knew better. But, the dog stocks have made me some money this year. I see citi going to 1.50 before they bail them out anyway or find a merger.
Weeee Close One...
Jmsithy
Hay Boss Man, you better take profit when you can on Thursday. Everyone else will…
On Jul 15 04:04 PM jmsithy wrote:
> what a way to back peddle its amazing that you would still concider
> yourself a bear for this stock especially for it going up today.
> What is your theory on that today (the .04 spread? no .006 here for
> float and no news on this neither).
>
> It might be because the market is up (very unlikely the market has
> been up mostly, but this stock giving way falling falling / it might
> be because the shorties are at a minimum. It could be because Siri-doom
> is finally incorrect. no 6th day spike here looks like steady trading
> here.
>
> I say this will rise to .45 / .46 for the next day or 2 then give
> by a few cents.
>
> Thats my Theory
Brandon, again great insight, I believe this was Seeking-Alpha’s most read article yesterday. Congrats!
He's obviously mixed up Citi with CIT - a pretty good insight into this guy's thought process. Right down to ths stock symbol C which he has trading down to 1.50 after they allow trading to resume! Nice call, SIRI-Doom, as the stock is Citi, not C I T and it is currently trading around 3.17.
I was trading C. I was tired last night when I scaned the headlines. It said citi and was listed in the yahoo news for C. Oppps...
Not Paul Revere,
more like Serpico. Glad to see people do read my post.
I feel like the weather man. No one like the weatherman ether. LOL...
Truth hutz...
On Jul 16 09:04 AM R A F wrote:
> See SIRI-Doom's comments above "WEEEE"
>
> He's obviously mixed up Citi with CIT - a pretty good insight into
> this guy's thought process. Right down to ths stock symbol C which
> he has trading down to 1.50 after they allow trading to resume! Nice
> call, SIRI-Doom, as the stock is Citi, not C I T and it is currently
> trading around 3.17.
Well, that was the spike to 415. A day late.
Now, lets see how low it drops.
I am shooting for 368 by friday close...
"Mel's GS Penny Milk" hardly ever disapoints...
On Jul 16 10:10 AM SIRI-Doom wrote:
> Sirius XM Radio Inc.Day's Range: 0.4050 - 0.4160 --- 10:04 am
>
> Well, that was the spike to 415. A day late.
>
> Now, lets see how low it drops.
>
> I am shooting for 368 by friday close...
>
> "Mel's GS Penny Milk" hardly ever disapoints...
Give it time to go to 368 cents. Volume is low, the DOW is up. SIRI is floating around 406. Give it time. I want it by friday. But it is a 3 to 4 day adjustable cycle and GS owns the computer.
All I am saying is "SIRI will NOT go back to 415 cents before GS gets 4 cent margin spread. Give it time.
Remember the "Monkey". Current events, news, volume all play a part in the way the Goldman Sacks Computer runs its scam.
On Jul 16 11:33 AM SIRI-Doom wrote:
> Yes, I sold a second block today at 415 cents. The othe block was
> at 405 cents. I still hold 60,000 shares.
>
> Give it time to go to 368 cents. Volume is low, the DOW is up. SIRI
> is floating around 406. Give it time. I want it by friday. But it
> is a 3 to 4 day adjustable cycle and GS owns the computer.
>
> All I am saying is "SIRI will NOT go back to 415 cents before GS
> gets 4 cent margin spread. Give it time.
>
> Remember the "Monkey". Current events, news, volume all play a part
> in the way the Goldman Sacks Computer runs its scam.
On Jul 15 11:55 AM ghostintherafters wrote:
> SIRI-Doom's true colors finally show up. Communist President? Rap
> music on every channel? How about a little side of racism to go with
> that main course of economic illiteracy?
Siri-Doom: You own shares of this company long term? Where were you on the way down to help us save money then? Why do you show up now? Your continues attempts to discredit me are humorus. Who said for you to leave? Never. Dont go anywhere. Your amusing, like a chia pet. And I dont get my financial advice from bashing stockholders. I will find my oxymorons elsewhere, thank you.
Late to the used car market? Nope. Last time I looked there was still a used car market. As penetration on these used cars is high, now is the perfect time.
Late to the iphone? Not really. Couldnt do it until they fixed there lineup, and debuted on the new OS. Makes sense. Plus, it closes the gap that Howard will not be on it, as his contract talks are holding this up. So your wrong there. And they definately couldnt do it premerger. If I have to explain why, then you shouldnt be owning this stock, EVER.
The only thing they were late to was merging, NAB. And that 2 companies were allowed to compete in a space never intended for it in the first place. Still under 1 year away removed from the FCC trying to ruin them. Give them time. Bad management? Mel? Responsible for the share price not one bit. Howards contract? not him. Was he responsible for dumb investors buying a stock at $60 that never made a penny? And competed with XM? Nope. Not even on board yet. Did Mel force the FCC to delay the merger? Nope. Not one day. Was the merger necessary? Of course it was. If current stockholders wanted to keep any value. XM went under, and is taken over by an outside party, they simply lower there rates, higher better talent, and phase out SiriusXM. Slowly. Then buy them on the cheap. Thats how business works. To prevent this, Mel had to sleep with the devil. Now he is going to reward patient stockholders sophisicated enough to average down(what he meant when he said that), and himself handsomely. .43 cent options are all the ride the money I need. If Siri-Dumb is too dumb to see that, then I dont know what to tell him. O wait. He knows. Hes a shareholder. Basher/Shareholder. That reposts old bashs every chance he gets. His motive? To simply have you know as a stockholder, that this should be sold off on every jump, although every jump surprises him, because management and GS are trying to take it to .01 cent again. Too much contradiction in Siriu-dumbs posts to even spend more time on.
I do love copy and paste bashers. Probably Floorhomo. This guy "appeared" around the same time BC dummy left, and floorhomo. And even if your not those posters, I wish you were. They were more fun. Your too depressingly obvious. I prefer funnly obvious(new word? LOL) Funnly.. I like that.
LOL.......MR. STUPID
I told you Mel had lawyers at NasD. What I said was Mel Wants the rev-split and is lobbying for the 1.00 rule...
You can bet on it... They released thi story to cover. The SEC leaked unconfermable onfo. So they need this cover story...
LOL never say my ears are dirty.... heheheheh
-------
Sirius says it's not in Nasdaq compliance
Sirius says it is not in compliance with the Nasdaq's independent director requirement
On Thursday July 16, 2009, 5:26 pm EDT
Buzz up! 13 Print
Companies:Sirius xm radio inc.
NEW YORK (AP) -- Satellite radio company Sirius XM Radio Inc. said Thursday it was notified it is no longer in compliance with the Nasdaq's independent director requirement.
The company had said last month that Jeffrey D. Zients resigned from its board because he was named deputy director for management of the U.S. Office of Management and Budget.
Sirius said it plans to comply with the independent director requirement before its next stockholders' meeting or June 22, 2010, whichever is earlier.
The company's shares rose 1 cent in the regular session to close at 41 cents and fell 1 cent in after-hours trading following its statement on the independent director requirement.
SIRIS LAWYERS LOBBY NasD
I told you Mel had lawyers at NasD. What I said was Mel Wants the rev-split and is lobbying for the 1.00 rule...
You can bet on it... They released thi story to cover. The SEC leaked unconfermable onfo. So they need this cover story...
finance.yahoo.com/news... Jul 15 11:02 AM SIRI-Doom wrote:
> NasD 1.00 rule and SIRI Rev-Split -- Mel lobbying NasD to get it
> done.
>
> The word from a SEC investigator who does no want to be named.<br/>
>
> Mel is lobbying with NasD to lift the 1.00 rule suspension. SIRI
> lawyers have been in talks lobbying with NasD officials to reinstate
> the rule.
>
> If the rule is enforced, SIRI must get the share price over 1.00
> within (about 90 days). Mel has authority to split (10-50 to 1) only
> if the rule is enforced and SIRI gets a letter warning of a NasD
> delisting.
>
> Mel wants the rev-split and would like to announce the split in the
> 2Q report. Mel has his lawyers lobbying the NasD to get it done.
>
>
> So, dump on any news of the split. SIRI will be hammered after the
> split. IMHO, Mel will probably go for the entire 50 to 1 because
> he knows he is going to get hammered back under the buck at any amount
> less. (Historically most stocks that rev-split get hammered at first.)
You could be on track about the market taking over, I think we have one more MILK from the GS computer before the Q report.
Today will tell the sory. Fridays are mostly doom down days. Should be some profit taking from the good week. These things say SIRI will NOT go over 415 todays.
Jsmithy, if you are corect. , It could go to 43 cents today...
This will be fun....
On Jul 16 04:05 PM jmsithy wrote:
> well this ended up with a .006 which Siri-doom has been right so
> far / but dont think this will go below .37 for a while unless some
> terrible news comes out or everyone waiting for the QTR reports to
> just pump and dump the stock, which we have seen before not disagreeing
> with that. I am looking at a base start off at .38 / .39 and counting
> until the next big news comes out
On Jul 17 09:45 AM SIRI-Doom wrote:
> Today SIRI
> You could be on track about the market taking over, I think we have
> one more MILK from the GS computer before the Q report.
>
> Today will tell the sory. Fridays are mostly doom down days. Should
> be some profit taking from the good week. These things say SIRI will
> NOT go over 415 todays.
>
> Jsmithy, if you are corect. , It could go to 43 cents today...<br/>
>
> This will be fun....
>
> On Jul 16 04:05 PM jmsithy wrote:
On Jul 16 01:08 PM shure46 wrote:
> Geesh - Now it's a racist comment to say black people like rap music
> !!!!!!! Could someone please make a list of things white people are
> allowed , or not allowed , to say so that I don't accidentally become
> a racist ..... It's so hard to keep up with all the do's and dont's
> , I lose track sometimes
On Jul 17 11:23 AM R A F wrote:
> With the upcoming quarterly report due within two weeks it is important
> to realize that there are two ways of looking at this data - as a
> recap of the past or an insight into the future. I'm betting markets
> are now willing to minimize the impact of adverse conditions that
> prevailed through the first half of '09 and are now willing to more
> aggresssivey accentuate recently emerging positive influences - such
> as the iPhome App potential and the re-emergence of GM, etc. This
> should influence the way in which markets respond to the quarterly
> date when its released: Should the data appear worse than expected,
> I would bet that any immediate pullbacks would be well contained
> and recoveries should then follow. If data is in line with expectations,
> then market reaction should continue within the current framework
> of firmness, pushing moderately higher over the ensuing near term.
> If data surprises in terms of being better than expected we should
> see an immediate surge through previous resistance around .50. These
> three scenarios all bode well for SIRI, consistent with the technically
> strong framework that now dominates. In sum - I'm betting that the
> markets are now looking ahead for SIRI and lessening the focus on
> adverse preceding economic conditions.
This will be Mel's chance to pump some hype. GS will make big bucks when the 2Q report bad news is released.
Lost users
Failed Ipod App. did not pan out.
These things will echo in the media...
Say what you like about the economy. SIRI managment mistkes killed the stock.
even though I do not see this dropping below .38 until after the QTR report only because the media really knows how to use negativity to drive this stock. Here is what I think will happen 3 day to 5 days before the qtr report comes out this stock will jump 5 to 6 cents and rise somewhat from there / now this is also taken into account with Siri-Doom 4 cent spread to use the .006 float like it has this week. The stock will drop the morning of the QTR report which will be Aug 3rd remember that date. look at it pre-trade you might even see this jump by .10 more cents of that same day. Then there will be a massive sell off dropping this back by .15 like it did last qrt, because the only thing will count is how many subs they lost and they were still losing them through out this QTR the free download will not count because this brings in no profit.
All I am saying is dont keep all your eggs in one basket when it comes to this stock (dont look at a technical upswing to be perminent especially when this is still under a dollar and still concidered a penny stock (does not matter if this has shown a growth improvement in the last 6 months / bottom line this stock fundamentally has not really made any money. You can debate with me on this, but if you look at the charts the data is pretty unrealistic where this company should be by now after getting bailed out
On Jul 17 04:25 PM between the hedges wrote:
> I'm going to put in some limits at .38, .35, and .32. If I don't
> hit them, well, I don't hit them, but I think that short term, people
> are going to panic out. Stock has rocketed from 5 cents to 40 cents.
> That's 800%. People have some serious profits with that range. Long
> term, I'm a bull.
We had 9:31am, 11:12am, 1:10pm and 3:55pm spikes of volume in what appear to be down tick pressure and profit taking.
SIRI had 17 smaller spikes with an up tick in less volume, this provided the 396 cent avg floating value for the day.
The down pressure appeared to be coming from desk to desk intra-trades. Desk to desk trades picked up in the afternoon volume of 17 million. The morning was slow with desk to desk trade providing downward pressure at the open. Less than 4 million shares traded before 12pm.
SIRI traded like a retail only stock with something negative holding it back. The many up ticks in low volume indicate good public intent to buy. However, the few down ticks had control with much higher volume in desk to desk. This action is reminiscing of the Enron computer and just as obvious during low volume periods.
The retail market tried hard to lift SIRI today.
If they can beat earnings, some gains just might hold this time.
Dont expect positive sub numbers, but they will be better than last time. Self Pay churn is whats important here, due to increased ARPU, and lowered SAC.
Best time to buy a house? Depends on the market. Try to get a foreclosure, or a short sale. Good time to be a buyer. Most markets might be bottoming this year, heavier troubled markets like Florida, California, and Arizona might take a bit longer. Stay away from new builds unless you get a smoking deal, and newer builds. Built like crap, and dont hold there value, expecially in "new" communities. Due your own due diligence of course, I am certainly no professional in this matter. All my opinion.
No No No!!!
relmar2003 numbers are to hi even if this could ring true. And I agee it is somthing that normaly should happen.
You will see the down tic presure keep SIRI under the covering. That is why the GS computer is pushing SIRI down.
The market can NOT beat back a computer with ability to trade UNCHECKED in any $$ amount and free to direct desk trades to any routing number in the world with volume of zero gain computer to computer..
Play the computer spreat of 4 cents. It is on the down cycle to 365 cents. Get in SIRI at 375 and sell the day before the 2Q report.
I say sell before the 2Q report to be safe. But, Mel may have a sneak trick. He could cook the subscriber numbers with the free users from used cars and the Ipod App.
OK that is my 2 cents.... Let's see and hope we all make $$$....
On Jul 19 06:22 PM relmar2003 wrote:
> Stock is in accumulation mode before the call. Expect a tight range
> till then. 4-5 days before the Call is when you should be all in.
> Expect .55 to .63 as a possible roadblock on the sell on the news
> after earnings are released.
> If they can beat earnings, some gains just might hold this time.
>