Shorts Bet Against SIRI, But For Emmis and Entercom 50 comments
-
Font Size:
-
Print
- TweetThis
Sirius (SIRI) reports earnings on Thursday. Wall Street does not know what to expect from this NASDAQ stock, which has had a rollercoaster of a ride this year.
The short position is rising, and currently stands at 4.7%. The price has been stable, but trade is thin. However, a number of related stocks - Emmis Communications (EMMS), Entercom Communications (ETM), and Cumulus Media (CMLS) have all been strong price performers in the past few days.
To download the whole article click here.
Related Articles
|
-
The Seeking Alpha 100
See allThe top 100 stock
market authors
selected for publication
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most active
Instabloggers.-
1
David Fry
-
2
TraderMark
-
3
Don Dion
-
4
Cliff Wachtel
-
5
Mike Havrilla
Top Instabloggers » -
1
-
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
This article has 50 comments:
The above quote "The short position is rising" is 180 degrees off the mark. The most recent bi-weekly short interest report was another decline of 7,107,105 shares - the lowest short interest by figure by far in many months. The "pro's" have been paying up - at losses - to cover short positions, as seen in the following representative figures:
3/31/09 181.2 million shares short; 4/30 158.1MM; 5/29 175.7MM; 6/30 194.8MM; 7/31 134.4MM; 9/30 89.3MM; 10/15 82.2MM.
As the share price of SIRI has been rising over this time span, losses on short positions have been steadily building. That is why "Pro's" have been reducing short positions - totally contrary to the erroneous statement in this article. They are paying up to cover to avoid further losses into the future, as SIRI is now trading from technical strength and projecting further upside potential over the intermediate term.
I may have given you a tough time recently but I do respect some of your comments. It appears this chart is up to 10/30. Your numbers say 10/15.
Data Explorers is a privately owned financial data and software company headquartered in London, UK. The company provides financial benchmarking information to the Securities lending Industry and short-side intelligence to the Investment Management community.
Data Explorers offers access to a data feeds and products for quantitative measurement of securities lending, performance and risk. The company is based in New York and London and collects data from market participants including Lenders, Beneficial Owners, Custodian Banks, Agency Lenders, Borrowers and Broker Dealers.
Data Explorers was established in 2002 by Mark Faulkner, the author of the Guide to Securities Lending Markets.
Donal Smith, formerly of Thomson Reuters, was announced as CEO on 4 March 2008 and has sinced hired Jonathan Morris as COO and Christopher Holmes as Sales Director
Data Explorers data is used as a proxy for short interest data by the mainstream media, including The Financial Times, The Economist, The Wall Street Journal, and Bloomberg.
Data Explorers launched the Restricted Stock Monitor on September 19th 2008 providing data for all securities globally impacted by short selling regulations
On October 6th 2008, Data Explorers announced the "DESLI" Index - Data Explorers Stock Lending index showing the variations in the amounts of stock borrowed and amounts available to borrow in different regions and sectors around the world.
I'm reminded of the last time I played the blackjack tables at the Bellagio. I'm parked on a $1000 min table and damn near alone for 2 hours- I get deep into a very strong shoe and play heavy till I'm up about +$80,000 and they send out 2 little oriental ladies as handlers... Can you believe that- I'm taking them for 80 grand and I'm still not even worthy of a pro strong arm or a real handler---2 old ladies!
My point is---This article- Data Explorers- are striking me as those little old ladies... just interrupting the game, talking too loud about nothing, and over reacting to distract...
We are trying to play a serious game here! Do you mind...
PEACE and GREEN TRADES
On Nov 03 02:41 PM Pell wrote:
> RAF did you examine the chart that is linked and the source.
>
> I may have given you a tough time recently but I do respect some
> of your comments. It appears this chart is up to 10/30. Your numbers
> say 10/15.
I am a Siri Longer but this company (See who they are) seems to be a lil more tougher than the people you refer. Look who uses their info.
Hey the power of the media. Bottom line Siri needs to either meet the best estimate or beat the estimates to stop all this mess.
And wow look at the stock range today. High Speed making a load again today!
We need a good 3Q report so we can do R/S on strength immediately and then we need Mr. Malone to make an offer.
On Nov 03 02:46 PM 1more4me wrote:
> Since it's 3 trading days late, 2 from the CC, and about as relevant...
>
> I'm reminded of the last time I played the blackjack tables at the
> Bellagio. I'm parked on a $1000 min table and damn near alone for
> 2 hours- I get deep into a very strong shoe and play heavy till I'm
> up about +$80,000 and they send out 2 little oriental ladies as handlers...
> Can you believe that- I'm taking them for 80 grand and I'm still
> not even worthy of a pro strong arm or a real handler---2 old ladies!
>
> My point is---This article- Data Explorers- are striking me as those
> little old ladies... just interrupting the game, talking too loud
> about nothing, and over reacting to distract...
> We are trying to play a serious game here! Do you mind...
>
> PEACE and GREEN TRADES
Listen I am on all your side here. Why get mad when someone shows the truth? Do not make light of this company and who their info reaches out.
Data Explorers is a privately owned financial data and software company headquartered in London, UK. The company provides financial benchmarking information to the Securities lending Industry and short-side intelligence to the Investment Management community.
Data Explorers offers access to a data feeds and products for quantitative measurement of securities lending, performance and risk. The company is based in New York and London and collects data from market participants including Lenders, Beneficial Owners, Custodian Banks, Agency Lenders, Borrowers and Broker Dealers.
Data Explorers was established in 2002 by Mark Faulkner, the author of the Guide to Securities Lending Markets.
Donal Smith, formerly of Thomson Reuters, was announced as CEO on 4 March 2008 and has sinced hired Jonathan Morris as COO and Christopher Holmes as Sales Director
Data Explorers data is used as a proxy for short interest data by the mainstream media, including The Financial Times, The Economist, The Wall Street Journal, and Bloomberg.
Data Explorers launched the Restricted Stock Monitor on September 19th 2008 providing data for all securities globally impacted by short selling regulations
On October 6th 2008, Data Explorers announced the "DESLI" Index - Data Explorers Stock Lending index showing the variations in the amounts of stock borrowed and amounts available to borrow in different regions and sectors around the world
Don't care if they are actually Warren Buffet and Carl Ichan in disguise- this publication just screamed "Fire" in a crowded theater on what amounts to someone flicking a bic...
What they meant to show is that the short interest rose on Friday last week.. What they are NOT showing you is;, because thur-fri mid morning the sp run up .04 cents after Wednesday being as low as .56. This is actually a fairly small swing in relation to the volume on a normal days basis and the share price move. (in English--- Short interest rose a 10th of a percent in the same period the share price rose 5%...) I'm very very NOT concerned...
Bad timing- published for the hit factor- with an intent- for someone's benefit- and you can bet it wasn't for me, you, or any other long position!
PEACE
On Nov 03 03:25 PM between the hedges_ wrote:
> One more point. Do not ever ever ever underestimate the power of
> the consumer.
On Nov 03 03:31 PM 1more4me wrote:
> Timing is everything!
> Don't care if they are actually Warren Buffet and Carl Ichan in disguise-
> this publication just screamed "Fire" in a crowded theater on what
> amounts to someone flicking a bic...
>
> What they meant to show is that the short interest rose on Friday
> last week.. What they are NOT showing you is;, because thur-fri mid
> morning the sp run up .04 cents after Wednesday being as low as .56.
> This is actually a fairly small swing in relation to the volume on
> a normal days basis and the share price move. (in English--- Short
> interest rose a 10th of a percent in the same period the share price
> rose 5%...) I'm very very NOT concerned...
>
> Bad timing- published for the hit factor- with an intent- for someone's
> benefit- and you can bet it wasn't for me, you, or any other long
> position!
> PEACE
On Nov 03 03:32 PM between the hedges_ wrote:
> Has anyone noticed that Mel has his color and swagger back? He has
> got that "I'm about to make a boat load of money to Siri Doom's demise"
> look on his face.
Are you for real? This stock is manipulated daily. There was a $ .04 spread today. The shorts make up 4.7% of shares. If they cover it will go up, then the high speed traders will sell. Then it will go up, then they will sell. Then they will buy, then they will sell.
We need R/S with higher share value, lower shares outstanding and real institutional and international investors.
Or Mr. Malone can just buy the company at a premium. Maybe thats why Mel looks so good, NO MORE STRESS AND HE BANKED MORE MONEY.
But who cares as long as it pays off for all us longers in the run.
On Nov 03 03:51 PM between the hedges_ wrote:
> Shorts are thinking god, I better cover before everyone else does,
> when this is headline news today on Yahoo Finance, two days before
> the conference call: "GM reported its first monthly gain in U.S.
> sales in almost two years while Toyota and Ford also improved, a
> sign the auto industry it starting to come back from a yearlong slump."
> Shorts are thinking, could it be true. The post cash for clunker
> hang over only lasted one freaking month and was followed by the
> best month in auto sales in nearly two years. OH MY GOD. COVER COVER
> COVER. ALMOST EVERY NEW VEHICLE SALE IN CASH FOR CLUNKER (AS IT HAS
> TO BE FOR A CLUNKER = NO SAT RAD = A NEW SAT RADIO IN THE CAR. OH
> MY GOD. COVER COVER COVER.
1. Credit Freeze
The credit freeze is over for Sirius. They have refinanced. Financing is available again! Malone will finance this company even if banks freeze again (unlikely). They have some debt due in Dec. 2009 that according to the last report they could cover based on cash and equiv. The next traunch is not due until 2011, something that would worry me but for the green shoots developing in the auto market.
2. Autos WERE horrendous: They are now recovering nicely. Ford reported a nice tidy profit this quarter and affirmed full profitability by 2011. GM following suit. Another consideration is that Sirius is now not fully tied to new auto. They also have potential military deal coming out with Navy and Coast Guard, they have other lines that they are developing, strategic partnerships with Apple and Direct TV.
Really think this through. What in the heck is not to like about this company?
Lets hope he knows more about life then mattresses
looks like Tuna needs to get himself- a porcelain fountain
----------------------...
Where's the magic? Anxious consumers pull the rug out from under Tuna Amobi's stock picks
TWO OF TUNA AMOBI'S STOCK PICKS--A COMPANY that sells mattresses and another that sells cars--were big disappointments. Even The Walt Disney Co. didn't have enough magic to rescue the investments chosen by the New York City-based director of Standard & Poor's consumer discretionary equity research.
Amobi's three stocks--all companies that sell things that consumers can go without during hard times--lost a combined 34.5%, while the S&P 500 index fell 10.6% over the year.
[ILLUSTRATION OMITTED]
Tempur-Pedic International Inc., a maker of high-end mattresses and pillows, nosedived by almost 62% as the housing crisis sapped demand. "What we didn't anticipate was the acuteness of the crisis in the housing sector, 1 which eventually took a major toll on Tempur-Pedic--among other home furnishing stocks;' Amobi says.
The weakening economy left skid marks on the stock of Group 1 Automotive Inc., which fell 40.9%. The auto retailer seemed like a good bet because it sells a mix of domestic and import vehicles. But economic anxiety and rising gasoline prices swamped the entire industry.
Despite its flat stock price, Disney was Amobi's best pick. The diversified business, powered by everything from its theme parks to its High School Musical movie franchise, managed to navigate the slippery economy and the three-month Writers Guild of America strike. Share repurchases buoyed the stock as well.
Amobi still likes all three investments. Disney; with its strong fundamentals and leadership, could touch $45 within the next 12 months. Group 1 could reach $35, and Tempur-Pedic may hit $20 within a year, Amobi says. Group I and Tempur-Pedic, he reasons, are bargains at their depressed prices.
The R/S will happen and Liberty will buy.
I am Siri Long and have a lot of shares been buying ever since it hit $ .11. I am holding because i know the stock will go up after 3Q again and Liberty will become a giant with owning Siri.
Companies like Dish, Comcast and Verizon will not be able to compete with the kinda of total package Liberty would be able to offer. It may take years but Liberty will gain a good market share over these competors.
I am truly Siri Long.
On Nov 04 02:09 AM SIRI-Doom wrote:
> Bye, the communist bitch will delete me... God bless you all...
On Nov 03 08:07 PM Pell wrote:
> Between the hedges I love this company, but face the facts without
> a huge push in value it will contiue to be traded daily as it has
> been for some time.
>
> The R/S will happen and Liberty will buy.
>
> I am Siri Long and have a lot of shares been buying ever since it
> hit $ .11. I am holding because i know the stock will go up after
> 3Q again and Liberty will become a giant with owning Siri.
>
> Companies like Dish, Comcast and Verizon will not be able to compete
> with the kinda of total package Liberty would be able to offer. It
> may take years but Liberty will gain a good market share over these
> competors.
>
> I am truly Siri Long.
Please keep pollution from contaminating this great site. You can start by restricting SIRI-Doom from all future access, as his stream of comments above completely reveals his motivation to impair the credibility of the site by continually providing misleading, inaccurate, heavily emotional and slanted rants that do absolutely nothing toward advancing the true value of the site - which should always strive to be a forum for commentary that provides meaningful input to those interested in the topics under discussion.
This is nothing new with SIRI-Doom: He/she has had a long and continuing history of misrepresentation - occasionally straying into slander (constantly calling Mel Karmazin a "crook" on a site such as Seeking Alpha is actionable for slander, in my opinion - and SA could even conceivably be held accountable for permitting this, as well).
For all these reasons, it would be a in the best interests of all involved - including Seeking Alpha - to have SIRI-Doom completely restricted from providing any more comments to the site.
SiriXM is a valuable company and in the obvious hands of Liberty or Dish it can be used to gain market share. And don't forget how the sports packages play out and the money that these companies have for R&D.
Just a prediction thats makes a whole lot of sense.
Experts also calling for lots of M&A in Media! But I said it first they said it today.
On Nov 04 02:33 AM Nator13 wrote:
> in your opinion.. if r/s is implemented, and malone/liberty buys
> up, what happens to us common? and does malone convert his preferred
> before or after takeover?
>
> On Nov 03 08:07 PM Pell wrote:
If you want a prime example of the power of this type combination of content and delivery - and what it can do to totally penetrate and eventually overwhelm and dominate the so-called competition - look no further than BLOOMBERG and how that vision led to the powerhouse we know today, from its infancy in the '80's.
It is much too early to be calling for reverse-splits, and the like, with the stock now on the threshold of substantial upside performance.
SIRI is projecting technical strength and risk/reward substantially favors holding long positions at this time, as the upside potential greatly outweighs downside exposure from current levels. A myriad of favorable options awaits Sirius XM into the future, and - in my opinion - it would be unwise and premature to contemplate any reverse split before this could be done from a total perception of strength and demonstrated company performance. These two criteria will be realized, but it will take a bit more time, as the revenue streams and penetration from developments only recently put in place come on stream and build.
But DO NOT CENSOR. You don't need to lread his comments at all. Just pass them.
Brandon and You have been misleading the rest of the longers on how a simple accessory like SkyDock is a subscriber boom machine. That is not the case and you know it. The same with Blackberry availability.
So one may say that although SiriDoom may not be as poetic he does have the right to be heard.
Sorry RAF. But sometimes you really show your true colors.
On Nov 04 07:24 AM R A F wrote:
> To the Seeking Alpha Editors and Legal Staff:
>
> Please keep pollution from contaminating this great site. You can
> start by restricting SIRI-Doom from all future access, as his stream
> of comments above completely reveals his motivation to impair the
> credibility of the site by continually providing misleading, inaccurate,
> heavily emotional and slanted rants that do absolutely nothing toward
> advancing the true value of the site - which should always strive
> to be a forum for commentary that provides meaningful input to those
> interested in the topics under discussion.
>
> This is nothing new with SIRI-Doom: He/she has had a long and continuing
> history of misrepresentation - occasionally straying into slander
> (constantly calling Mel Karmazin a "crook" on a site such as Seeking
> Alpha is actionable for slander, in my opinion - and SA could even
> conceivably be held accountable for permitting this, as well). <br/>
>
> For all these reasons, it would be a in the best interests of all
> involved - including Seeking Alpha - to have SIRI-Doom completely
> restricted from providing any more comments to the site.
The R/S takes away any leverage Liberty and Dish may use to bid lower based on the threat whether it be merited or not of delisting.
Malone already acted as a venture capitalist and loaned them money for the right to get a better look inside the company. R&D is very important for making this company great. They will only really take off when they offer SiriusXM products specifically to get SiriusXM Radio. Brand recognition. This company does not need Blaberrys or IPod or anything else. THEY NEED R&D MONEY.
Again RAF its text book and alll us longers win!
On Nov 04 07:59 AM R A F wrote:
> It's all about superb content and delivery. For those doubters -
> place an emphasis on CONTENT. Sirius XM's content is absolutely unmatched
> anywhere else and there is no doubt that users find this to be infinitely
> more interesting and easy to access than playlists and other so-called
> forms of competition. Couple this with fantastic clarity of audio
> and seamless availability wherever one travels, and you have an extremely
> powerful business model.
>
> If you want a prime example of the power of this type combination
> of content and delivery - and what it can do to totally penetrate
> and eventually overwhelm and dominate the so-called competition -
> look no further than BLOOMBERG and how that vision led to the powerhouse
> we know today, from its infancy in the '80's.
>
> It is much too early to be calling for reverse-splits, and the like,
> with the stock now on the threshold of substantial upside performance.
>
> SIRI is projecting technical strength and risk/reward substantially
> favors holding long positions at this time, as the upside potential
> greatly outweighs downside exposure from current levels. A myriad
> of favorable options awaits Sirius XM into the future, and - in my
> opinion - it would be unwise and premature to contemplate any reverse
> split before this could be done from a total perception of strength
> and demonstrated company performance. These two criteria will be
> realized, but it will take a bit more time, as the revenue streams
> and penetration from developments only recently put in place come
> on stream and build.
This is a simple business plan. I am a tru SiriLonger and would love to see Liberty take this to the next level. SiriusXM needs R&D money for product development for their own subscriber use.
On Nov 04 08:13 AM Scooterpod wrote:
> No r/s. Put in on your calendar for Feb 2010. Watch.
Just for fun- I looked---- Have no idea when this story was posted- or why someone would harp on Tuna when Cramer hasn't hit a call in years--- but--- If it's still within a year Tuna's made some pretty decent calls there.... The worst first:
DIS has only made it to 35 recently- so yeah he's $10 off yet.
GPI- hit $34 last week- so only a buck short...
TPX- actually hit $23 so a +$3 on that one and it's been 20 ish for a month or more now.
On Nov 03 05:12 PM dead elvis wrote:
Tuna Amobi's stock picks
Disney; with its strong fundamentals and leadership, could touch $45 within the next 12 months. Group 1 could reach $35, and Tempur-Pedic may hit $20 within a year
I am Siri Longer here so why do people ignore simple business strategy.
Or is this the wrong format for stating actual educated opinion? I am not insulting anyone with that statement but it is obvious.
People on here do not understand how high speed trading (Day Trading by Investment Firms) affect the progress of an upward trend to a penny stock and the simple fact that SIRIXM under its current model is incapable of funding any real R&D.
And finally for those like myself who use common sense, why would Liberty and Dish fight over who would loan SiriusXM money unless there was greater positioning benefit for future M&A.
Even all the experts within the media circle are stating there will be a lot of M&A within the sector.
All us longers benefit from these developments. Why is that so hard to understand unless there are shorter disquising themselves as longers trying to keep the price down?
Time will prove one of us to be in error. Let's leave it at that, okay?
Your right.
I should stop trying uncover people with alternative motives to help the naive. Its not my job.
On Nov 04 10:29 AM Scooterpod wrote:
> And why are you so hung up on making people see things your way?
> You believe what you wish, try not to "convince" everyone else that
> your way is the right way.
>
> Time will prove one of us to be in error. Let's leave it at that,
> okay?
Insulting people with whom you have no knowledge shows your immaturity. I have no motive whatsoever. I am where I am (long). And I know about daytrading, etc. My wife was worked at the CME and was directly involved with the development of their electronic trading platform and I have friends who day trade, etc. I'm not new to this, my friend so insulting me will neither get my goat nor cause me to recall my comments.
If you think my comments are hurting your investments, you have much, much larger personal issues that you should consider looking at.
Soap box off. We now return you to the regularly scheduled bickering.
On Nov 04 10:56 AM Scooterpod wrote:
> "I should stop trying uncover people with alternative motives to
> help the naive. Its not my job."
>
> Insulting people with whom you have no knowledge shows your immaturity.
> I have no motive whatsoever. I am where I am (long). And I know about
> daytrading, etc. My wife was worked at the CME and was directly involved
> with the development of their electronic trading platform and I have
> friends who day trade, etc. I'm not new to this, my friend so insulting
> me will neither get my goat nor cause me to recall my comments.<br/>
>
> If you think my comments are hurting your investments, you have much,
> much larger personal issues that you should consider looking at.
>
>
> Soap box off. We now return you to the regularly scheduled bickering.