Negative Media Attacks Plague Sirius XM Radio 75 comments
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By Brandon Matthews
Just Monday night, I was discussing the current environment relating to Sirius XM Radio (SIRI). I believe that another short selling attack is underway with the help of various financial terrorist media outlets. The erroneous information that is being published by TheStreet.com, Audit Integrity and Motley Fool is reaching a level that may warrant a Securities & Exchange Commission investigation. Despite it being a mathematical impossibility that Sirius XM Radio will file for bankruptcy in the next year, Audit Integrity published a fictitious report that claimed the Satellite Radio provider stood a chance of filing for bankruptcy protection, not on any fundamental analysis but solely on merger-related balance sheet events such as goodwill, and the fact that the CEO was given a new contract.
Guaranteeing the company's long term viability is the 40% stake of Liberty Capital (LCAPA). Not only has Sirius XM repaid all debts due to Liberty under its credit agreement, Liberty is on record as stating it will continue to help as needed in the future. Sirius XM Radio was able to repay those obligations on improved credit ratings, and upgrades from Standard & Poor's at much better rates. The reasoning for those better rates, upgrades and removal from negative credit watch is simple. A better balance sheet has removed the bankruptcy risk, leaving hedge funds that were short the stock deep in the red. The company has reported an operating profit in the last several quarters, increased EBITDA projections, and fundamentally has never been so sound as it operates today at near cash flow break-even.
None of this matters apparently to what I refer to as TheRag.com, also known as Jim Cramer’s TheStreet.com, which published not one but 2 separate articles Monday calling for Sirius XM’s bankruptcy, much like they did last year when they were proven wrong at that time. These headlines have one purpose: To scare the 75% retail majority in Sirius XM into selling into a planned short selling attack. They are completely without merit and in my opinion, criminal in nature. Keep in mind that “The Rag” has had a sell opinion on Sirius XM Radio since 2007, and has missed the 1500% gains that the shares realized this year. In fact, it is the only strong sell report out there at the current time. Unfortunately, they use their media division to support their analyst opinion. Not once was I nor anyone I know asked to partake in a poll that the rag has decided to turn into news designed to denigrate Sirius XM Radio, also on no fundamental basis…..just a poll of unnamed select subscribers and no audit of the results.
The Motley Fool has not missed the opportunity to report erroneous information as well. Recent headlines stated that a Sirius reverse split was inevitable to avoid delisting, which ironically I believe would be a good thing for the company’s share count, but the article was written as a way of promoting fear in uneducated investors. The inevitability factor is an outright lie. Another recent Motley Fool article estimated further sub losses for Sirius XM to be reported this quarter on higher churn estimates. Sirius XM CEO Mel Karmazin had already announced positive subscriber growth in July, and August numbers were even better on the auto front thanks to cash for clunkers. Claiming that CFC consumers would not pay for Satellite Radio is a ridiculous argument, as most promotional subscriptions are paid for by vehicle manufacturers. Mark my words, Sirius XM Radio will report positive subscriber growth for this quarter. I’ll give you my estimates next week when the auto sales data for September is made available.
Luckily, none of them has a clue as to what they are talking about, and when auto sales data is released later this week they will run to cover their newly created short positions. The current take-down in my opinion is in advance of that news, which intends to limit the upside potential of Sirius XM shares on positive auto sales data. This type of reporting, when combined, creates an ominous picture of Satellite Radio’s future to novice investors. I have seen to it that the SEC has been made aware of these facts.
Position: Long Sirius XM Radio
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This article has 75 comments:
Do not be fooled by these short attacks; Sirius in NOT going bankrupt and will report it best quarter to date.
Long SIRI
Keep the faith! Sirius over a dollar by years end!
Long SiriusXM
if it will be announced siri will go to $ 2.00 over nigth
O, and thanks to the street.com for finally giving my .50's buy I was looking for. As for SiriusXM, company has NEVER been better, NEVER been stronger, and going back to positive subs for Q3, IMO.
NO R/S either. Media has been attacking this company for years, and it will probably never stop. When the stock is $5 a share, street.com will tell everyone they are going BK any day. Wait for it....
The smart money(if you follow the money on this stock, you know its going long right now) has seen 300 percent or more gains, even up to 600 percent since it bottomed. You dont get that kind of gain buying Apple. You get it buying the company the media seems to hate, but you cant understand why. Learn the game. And play to win. With SiriusXM, you have to be in to win.
"Why is management allowing media outlets like The Street.com and Motley Fool make unfounded malicious statements about our investment. Management should fight and protect us stockholders. Place a complaint with the SEC. All your hard work in refinancing debt and finding new ways for consumers to enjoy your product is being ambushed. Where is the fight Mel? Very inconsistent with your tough reputation. This lack of fight is starting to scare investors into believing the bad hype".
Sure, this website has had limited success from a nickle to 60 cents... but what about all the time it was wrong as SIRI crashed down thru to the bucks to that nickle? (How soon they want you to forget.)
It would seem that this website is not seeking alpha... but seeking a showdown.
IF... SIRI files bankruptcy... who will you believe then?
IF... SIRI has a reverse split... who will you believe then?
IF... SIRI does not reach 1 dollar by the end of the year WITHOUT a reverse split or any other outside cash injection... who will you believe then?
It seems this website has staked their entire credibility on these 3 things as their cheerleaders have stubbornly waved the SIRI pom poms, blindly no matter what.
Readers... consider the source and make your own decisions. This website plays passionately to the investor's heart... but don't let that misguide your wallet.
On Sep 29 08:18 AM Pell wrote:
> Media outlets can be extremely damaging. But hopefully all us Sirius
> Longers will be as fortunate as what the Media did to Wachovia Bank
> allowing Wells Fargo to get the deal of the century. Sirius XM has
> fought through the bad (without merit) media blows and has stood
> their ground unlike the Wachovia incident. So don't rush to sell
> like the Wachovia depositors rushed to withdraw their money. If we
> can hold on there is a rainbow in the sky. I took yesterday as a
> buying opportunity.
And while I end up watching CNBC frequently, it's more like watching a sitcom - I don't take ANYthing they "report" seriously.
On Sep 29 05:42 AM Patrick09 wrote:
> Cool!..."I have seen to it that the SEC has been made aware of these
> facts."
On Sep 29 08:49 AM jmsithy wrote:
> Do you think he wants the reverse split only one answer to that if
> management is playing dead to this negativity. I am in for one more
> day then looking for greener pastures I have been calmly waiting
> since 6 months ago and you realize that this has to show of .50 from
> Feb when this was saved. Good for you all to wait this out when you
> all invested at .05 but I think the ride is over so is the party
> this down turn is too risky not knowing when it will end to finally
> see a rise. I am not waiting around for this to reach .40
The rewards are there, they will be had, and it's only to those who look past all this B.S. and recognize the facts and the tenacity of management.
It raises the question, should you be investing at all if you are so moved by rumours & are unable to make investment decisions based on your own research into fundamentals?
If 80 Million trades occur at an average of say an average of 5000 shares per trade overall- that is 16,000 trades -That's allot of people that already know the fix is in - so why would the little guy sell unless they are worn out ,see the market up to 9800 and want to jump ship to other stocks.
But lets face it guys 5000 times 60 cents buys you three thousand which isn't allot of shares in a stock selling at 40 dollars- a whopping 75 shares-
This stock siri really has no beta and moves with the wind- That small player is better to be a day trader with the volatility of this issue.
So it must be institutional trading- But, they are too smart for the Street as well- It just doesn't all add up to negative press pushing this issue down
Thoughts?
GO SIRI, GO $1.50 BEFORE DECEMBER and GO U.S Australia relations and when is Siri broadcasting downunder?
On Sep 29 09:16 AM Peter Medved wrote:
> Am amazed at the amount of people on this board that would think
> of selling a stock purely because Lamer says it's crappy.
>
> It raises the question, should you be investing at all if you are
> so moved by rumours & are unable to make investment decisions
> based on your own research into fundamentals?
it's good you're lining up your 'manipulation' and 'media attack' excuses... you'll need them.
as an aside, I find it funny you say "mathmatical impossibility" when you have never done the actual math on the debt side. niever. ever. I've searched -- NONE of you bulls have ever done the math.
bankruptcy is not only possible, it's very likely. This company cannot afford $500mil/yr in debt service, nor can they afford the $billions in debt maturities coming in the next years...
If any poster thinks that Siri CAN, in fact, cover the debt service and debt maturities, I'd love to see the analysis... I've asked so many times and had to response that this is no doubt a lost cause, but hey, maybe I've just asked the wrong people...
Sat Waves doesn't even understand debt offerings, debt service, interest rates, or the current debt market... yet somehow they feel you can speak on these topics freely, passing along inaccuracies to retail investors who then put their hard-earned money at risk on their word... I have no stake in Siri anymore, but I have a real problem with that.
All I know is that it is manipulation occurring. When sirius/xm had the chance of bankruptcy back in FEB 2009, there was a 96% probability that it would happen, in January of 2009 it was 56% probability. You can see the steep inclination it takes to actually prove that a company will go bankrupt, and the processes that it would take for the bankruptcy to occur.
Sirius/XM is only at a 9% chance according to analyst that are actually in a shorting position 3 days before sirius/xm will release positive data about the company. The idea from these short selling annalist is to short on top of the .01 loss assumed on the 3rd quarter report. This way instead of shorting one penny, a few penny's could be shorted in the mean time.
There's to much negative hype about this company going bankrupt when simply it won't happen. I would never hear bankruptcy in a company until it reached 40% probability because the fact is you always have to look at the class half full. Once a company reaches 50% then that is a time to worry.
On Sep 29 06:32 AM jmsithy wrote:
> this is still heading south the damage has been done
In point of fact after the September merger SIRI did release a cash flow and EBITDA projection for the next five years. In point of fact they are exceeding that projection (300MM in EBITDA in 2009), and doing so on fewer subscribers, and a much lower expense structure than originally projected. They have since suspended 'guidance' until the economic recovery makes that more prudent, but anyone can still see that they more than on target. Your 500MM in debt service is somewhat higher than reality also because it does not take into account the new debt offerings at lower rates, and the 'one time' charges associated with the Malone debt and 'breakage' fees associated with the early payoff of the high interest debt. All one time charges.
YOU need to do some basic homework, and tell US how you concluded they can't service or pay off the debt. I will be happy to listen, but until then all you are offering is a 'trust me', that is no better than what you accuse Satwaves of providing.
On Sep 29 10:16 AM jswede wrote:
> "Despite it being a mathematical impossibility that Sirius XM Radio
> will file for bankruptcy in the next year".....
>
> it's good you're lining up your 'manipulation' and 'media attack'
> excuses... you'll need them.
>
> as an aside, I find it funny you say "mathmatical impossibility"
> when you have never done the actual math on the debt side. niever.
> ever. I've searched -- NONE of you bulls have ever done the math.
>
>
> bankruptcy is not only possible, it's very likely. This company
> cannot afford $500mil/yr in debt service, nor can they afford the
> $billions in debt maturities coming in the next years...
>
> If any poster thinks that Siri CAN, in fact, cover the debt service
> and debt maturities, I'd love to see the analysis... I've asked
> so many times and had to response that this is no doubt a lost cause,
> but hey, maybe I've just asked the wrong people...
>
> Sat Waves doesn't even understand debt offerings, debt service, interest
> rates, or the current debt market... yet somehow they feel you
> can speak on these topics freely, passing along inaccuracies to retail
> investors who then put their hard-earned money at risk on their word...
> I have no stake in Siri anymore, but I have a real problem with that.
On Sep 29 10:16 AM jswede wrote:
> "Despite it being a mathematical impossibility that Sirius XM Radio
> will file for bankruptcy in the next year".....
>
> it's good you're lining up your 'manipulation' and 'media attack'
> excuses... you'll need them.
>
> as an aside, I find it funny you say "mathmatical impossibility"
> when you have never done the actual math on the debt side. niever.
> ever. I've searched -- NONE of you bulls have ever done the math.
>
>
> bankruptcy is not only possible, it's very likely. This company cannot
> afford $500mil/yr in debt service, nor can they afford the $billions
> in debt maturities coming in the next years...
>
> If any poster thinks that Siri CAN, in fact, cover the debt service
> and debt maturities, I'd love to see the analysis... I've asked so
> many times and had to response that this is no doubt a lost cause,
> but hey, maybe I've just asked the wrong people...
>
> Sat Waves doesn't even understand debt offerings, debt service, interest
> rates, or the current debt market... yet somehow they feel you can
> speak on these topics freely, passing along inaccuracies to retail
> investors who then put their hard-earned money at risk on their word...
> I have no stake in Siri anymore, but I have a real problem with that.
A simple statement from them would allow Brandon to write about more substantial items.And, would it allow us to be more productive and not have to follow this issue so closely.
Who of you has taken the time and called and written/ contacted Investor Relations at Sirius?
Anyone?
Forget about the SEC.
On Sep 29 11:19 AM dead elvis wrote:
> The more the company remains quiet, the worse this becomes.They SIRI,
> are the ones expected to steer the ship- not the media, not you.
>
>
> A simple statement from them would allow Brandon to write about more
> substantial items.And, would it allow us to be more productive and
> not have to follow this issue so closely.
>
> Who of you has taken the time and called and written/ contacted Investor
> Relations at Sirius?
>
>
> Anyone?
> Forget about the SEC.
On Sep 29 11:19 AM dead elvis wrote:
> The more the company remains quiet, the worse this becomes.They SIRI,
> are the ones expected to steer the ship- not the media, not you.
>
>
> A simple statement from them would allow Brandon to write about more
> substantial items.And, would it allow us to be more productive and
> not have to follow this issue so closely.
>
> Who of you has taken the time and called and written/ contacted Investor
> Relations at Sirius?
>
>
> Anyone?
> Forget about the SEC.
On Sep 29 11:47 AM BigVinnie wrote:
> That never works. Everytime Mel said something positive, the media
> would spin it in a negative manner.
>
> On Sep 29 11:19 AM dead elvis wrote:
InvestorRelations@siri...
Shirley Huang
Greetings,
I am curious as to the recent negative media blitz focused at our company.You may pull up the article by Brandon Matthews below- As a shareholder, I find rumor of bankrupsy that continues to filter thru articles written on Motley Fool and The Street (no less taking bankrupsy poles) obviously influencing stock price- to be outrageous and unacceptable.
. As a share holder I strongly urge a simple statement from your company to appear in the media, as true guidance to silence this shameful and litigious practice. This can and should not wait until the third quarter release.I am not alone in my quest if you take the time to read the comment section of Mr Matthews article from today.
seekingalpha.com/artic...
I wish comment- I do not wish a phone call as I usually find them non productive with your company.
Like this instance, The street puts out this bogus information to send the stock down. They have people that "aren't affiliated with "the street" to buy up the stock at a low price then sell at a nice profit. Hence, the SEC can't prove inside trading since they are using an outside source to make the trades.
Then there are guys and gals who pay 10 $ a month in order to get 5 jokes send to their cell or what about ringtones or the ridiculous expensive plans and rollover minutes ......
I could go on and on but I don't want to bore you all, my point is there are a lot of things we pay for without getting much in return and IMHO there is alot of crap/waste or luxury items we could get rid of and I did, but Sirius is definitely not one of them, on the contrary you get a lot in return for a fair price.
quote of the day ...
On Sep 29 12:25 PM between the hedges wrote:
> To take a quote from the clown that owns the rag: no one ever made
> a dime panicking. This has been a pure panic sell off based on 1500
> biased people that worship Cramer. I seriously doubt the credibility
> of a poll of folks that follow Cramer. If you want a real poll,
> just look at the 18 million strong subscribers to Sirius. They are
> voting each month by paying their monthly subscription. Additionally,
> look to the manufacturers and retailers of the following new and
> certified pre owned cars: Ford, GM, BMW, Audi, Toyota, Lexus, Mercedes
> Benz, KIA, VW. They vote every day by putting sat radio in the new
> cars. Also, look at Hertz who offers sat rad in rentals. Also look
> at Apple. Don't sue, panic, fuss, moan, sell. Buy buy buy. 18
> million strong and continuing up are buying. Love you, BTH
On Sep 29 11:18 AM rickmt57 wrote:
> Where is the SEC? If this isnt market manipulation I dont know what
> is.
On Sep 29 09:32 AM ScottinAtlanta wrote:
> Peter: I've owned the stock since May 2003. I have bought and sold
> this stock many times. If you put your head in the sand and not
> take these articles serious, then I question whether YOU should be
> investing at all. Emotions are a big part of investing..not just
> research and fundamentals. Proof is the stock drop yesterday. I
> did ignore it, but Sirius needs to come out with statement today
> to answer these claims. Having your head in the sand and ignoring
> these articles will get us back to 5 cents. Just like it did before.
> This article you are reading above is what we need...Thanks Satwaves!!
General Motors plans to recall 2,400 workers as it ramps up its North American operations.
The company plans add a third shift at factories in Michigan, Kansas and Indiana as it tries to meet increased demand and prepares to shutter two other plants. The company also said it plans to add a third shift at a Canadian plant that builds the newly launched Chevrolet Equinox crossover.
In addition to the 2,400 restored assembly-plant jobs, GM said the moves will bring back another 600 jobs at stamping, engine and casting factories.
enforcement@sec.gov
Make your complaints and make sure you provide links and any documentation to your complaints or thoughts on the unfair trading practices in the market. The misappropriation of media to manipulate information and distort legitimate business investments for perverted incentives creates a moral hazard that damages everyday market trust and ultimately establishes corruption as the norm. If you accept that...good luck! If you don;t ...start fighting back. Numbers will matter.
Tomorrow should be a major uprising against these movements of UNBERECHENBAR price manifestations.
enforcement@sec.gov.
Extended Trading
After Hours Quotes At 17:00 hrs one trade altered an entire days trading and selected its own price.
Sep 29, 2009 US Market Closed NASDAQ 2124.04 -6.7 -0.31% | DJIA 9742.2 -47.16 -0.48% | S&P 1060.61 -2.37 -0.22%
Sirius XM Radio Inc. (SIRI) After Hours Trading
Sirius XM Radio Inc.
Sep. 29, 2009 Market Close: $ 0.6201
Did you know you can trade some stocks after the closing bell rings on Wall Street? Every trading day between 4:00 and 8:00 p.m. ET, traders take advantage of the After-Hours trading session. Learn more about the After-Hours trading session and how you can benefit from it.
After Hours Trade Reporting
Pre-Market Charts | After Hours Charts
After Hours
Last: $ .5889 After Hours
High: $ .6279
After Hours
Volume: 1,068,123 After Hours
Low: $ .5889
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
17:00 $ .5889 1,033,867
16:56 $ .622 100
16:56 $ .6279 100
16:46 $ .62 5,000
16:36 $ .62 7,000
16:36 $ .622 100
16:36 $ .622 700
16:33 $ .622 100
16:33 $ .622 400
16:
"This is a fascinating list becuse it shows you the vibrancy of capitalism because nine months ago every one of these might have been a candidate for bankruptcy. These are case studies in how companies survived. Even RAD will make it. Macy's is thriving. Great list but it won't produce any good shorts these days! "
On Sep 29 05:40 PM VicBC wrote:
> The votes held on thestree.com, regardless of the subject of the
> vote, are really just a popularity contest. In this case, the winner
> indicating which stock has the most shorts.
On Sep 29 05:19 PM BRUCE E. W. wrote:
> At precisely 17:00 After Hours Trading Time (5PM; New York), there
> was a sudden drop in SIRI price from .622 to .5889 per share with
> a single trade of 1,033,867 shares. Was anyone else watching this
> happen? This is another episode of the Soprano's Market Watch.<br/>Tomorrow
> should be a major uprising against these movements of UNBERECHENBAR
> price manifestations.
On Sep 29 06:08 PM Hawk180 wrote:
> I noticed the flash sale as well. If the SEC dont take notice, something
> is definately wrong.
On Sep 29 05:43 PM BRUCE E. W. wrote:
> Here's the paste on the numbers:
>
> enforcement@sec.gov.
>
> Extended Trading
> After Hours Quotes At 17:00 hrs one trade altered an entire days
> trading and selected its own price.
>
> Sep 29, 2009 US Market Closed NASDAQ 2124.04 -6.7 -0.31% | DJIA 9742.2
> -47.16 -0.48% | S&P 1060.61 -2.37 -0.22%
>
> Sirius XM Radio Inc. (seekingalpha.com/symbo...) After
> Hours Trading
>
> Sirius XM Radio Inc.
> Sep. 29, 2009 Market Close: $ 0.6201
> Did you know you can trade some stocks after the closing bell rings
> on Wall Street? Every trading day between 4:00 and 8:00 p.m. ET,
> traders take advantage of the After-Hours trading session. Learn
> more about the After-Hours trading session and how you can benefit
> from it.
>
> After Hours Trade Reporting
> Pre-Market Charts | After Hours Charts
> After Hours
> Last: $ .5889 After Hours
> High: $ .6279
> After Hours
> Volume: 1,068,123 After Hours
> Low: $ .5889
>
> After Hours
> Time (seekingalpha.com/symbo...) After Hours
> Price After Hours
> Share Volume
> 17:00 $ .5889 1,033,867
> 16:56 $ .622 100
> 16:56 $ .6279 100
> 16:46 $ .62 5,000
> 16:36 $ .62 7,000
> 16:36 $ .622 100
> 16:36 $ .622 700
> 16:33 $ .622 100
> 16:33 $ .622 400
> 16:
On Sep 29 12:39 PM Mr. Stupid wrote:
> it's basically a game of cat and mouse. Put out negative news with
> the word "bankruptcy" in it and almost always the stock will go down.
> Then associates of the unsubstantiated news and source buy up shares
> at a lower price. The problem is and the reason they get away with
> it is they use someone that's NOT affiliated with the source (as
> far as SEC is concerned) as the buyer and seller. Since this person
> isn't "afilliated" with the source the SEC finds it too hard to narrow
> it down to the inside trading culprit.
>
> Like this instance, The street puts out this bogus information to
> send the stock down. They have people that "aren't affiliated with
> "the street" to buy up the stock at a low price then sell at a nice
> profit. Hence, the SEC can't prove inside trading since they are
> using an outside source to make the trades.
>
> Mr. Stupid
Long SIRI
The system is all screwed up.
On Sep 29 09:27 PM Mr. Stupid wrote:
> What's really sad is the SEC will procecute and put Martha Stewart
> in jail for one little inside trading charge but on the other hand
> the SEC will let these huge corrupt entities (the street) (goldman
> sachs etc....) get away with making billions off their fraudulent
> activities while the small investor suffers.
>
> The system is all screwed up.
>
> Mr. Stupid
I was surprised that thestreet.com and others did not cover the NASDAQ delisting issue. The media gave SIRI a much needed pass on delisting news that could have been devastating to SIRI. I expected the media to slam SIRI with endless news on the delisting issue. Now, I am expecting the media to slam SIRI when the rev-split ratio is announced. Who knows what the media will be covering, not covering, or propagandizing.
Yes, I also believe stocks are being manipulated. I see computer flash trading as the big manipulation tool of the FED. They are pumping the market with our tax money. Because the big guys have been given a license to flash trade, they freely profiteer without investigation. If you pay for Level 3 data feed, you can see 3 share trades bouncing back and forth for 0.0001 cents gain per trade. Millions of 3 share 0.0001 trades all day is truly NOT human trading. But, you can NOT get the SEC to investigate because the already know and have been told it is needed to improve the economy. IMHO … My Hypothesis…
Some say SIRI was killed by short selling. The shorts heavily effected SIRI just after the merger with Goldman Sachs financing.
The truth about the shorting and why it has not been stopped is that a large part of the original short position is only a guarantee hedge that is held by one company. Goldman Sachs opened a large short position to guarantee the original SIRI merger financing loan. Goldman Sachs was provided a guarantee of unissued SIRI shares and then used the guarantee to borrow shares to short a hedge on the loan. The SEC investigated, then they investigated again, and then on congressional mandate motivated by the movie “Stock Shock” the SEC investigated again. The SEC found no problem with Goldman Sachs Shorting SIRI.
IF you can make a friend inside the FED or Goldman Sachs, you can make millions. That is how our congressman do it… IMHO
On Sep 30 08:03 AM SIRI-Doom wrote:
> Many things could be slanderous and today’s media truly is agenda
> motivated. I do not see the POLL by thestreet.com being investigated
> by the SEC. The SEC complaints are a waist of time. The SEC could
> not ketch the flue and is very unlikely to investigate anything without
> a congressional mandate.
>
> I was surprised that thestreet.com and others did not cover the NASDAQ
> delisting issue. The media gave SIRI a much needed pass on delisting
> news that could have been devastating to SIRI. I expected the media
> to slam SIRI with endless news on the delisting issue. Now, I am
> expecting the media to slam SIRI when the rev-split ratio is announced.
> Who knows what the media will be covering, not covering, or propagandizing.
>
>
> Yes, I also believe stocks are being manipulated. I see computer
> flash trading as the big manipulation tool of the FED. They are pumping
> the market with our tax money. Because the big guys have been given
> a license to flash trade, they freely profiteer without investigation.
> If you pay for Level 3 data feed, you can see 3 share trades bouncing
> back and forth for 0.0001 cents gain per trade. Millions of 3 share
> 0.0001 trades all day is truly NOT human trading. But, you can NOT
> get the SEC to investigate because the already know and have been
> told it is needed to improve the economy. IMHO … My Hypothesis…<br/>
>
> Some say SIRI was killed by short selling. The shorts heavily effected
> SIRI just after the merger with Goldman Sachs financing.
>
> The truth about the shorting and why it has not been stopped is that
> a large part of the original short position is only a guarantee hedge
> that is held by one company. Goldman Sachs opened a large short position
> to guarantee the original SIRI merger financing loan. Goldman Sachs
> was provided a guarantee of unissued SIRI shares and then used the
> guarantee to borrow shares to short a hedge on the loan. The SEC
> investigated, then they investigated again, and then on congressional
> mandate motivated by the movie “Stock Shock” the SEC investigated
> again. The SEC found no problem with Goldman Sachs Shorting SIRI.
>
>
> IF you can make a friend inside the FED or Goldman Sachs, you can
> make millions. That is how our congressman do it… IMHO
Will we get our day? What could happen if the SEC finds that the stock has been manipulated? Seems too big, too many parties involved that SEC won't do anything.
If anyone at the SEC is listening -- I double dog dare you to act on our complaints.