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Stephen Faulkner  

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  • SiriusXM Ups Share Buyback To $8 Billion [View article]
    Thanks CN. I thought perhaps last earnings might be enough to knock it through $4 but I wasn't confident enough to write that, hence the large delay in writing anything after earnings.

    There's reason for it to go over $4, sure, but the play has been and continues to be sell / short $4 (for me, hedged vs. the long call base) and cover "lower"... I've been out of the market (as far as trading) for the last couple weeks, unfortunately or fortunately as the case may be....

    The nice thing about being long calls and short against them at / near $4 is a simple long stop on a break gets you back on the right side... and the risk is simply lost profits , wherever you set that stop above $4. For me it had been $4.06.

    Still the risk you cover the short and become unhedged at the wrong time (like my last cover $3.90 post earnings and then the drop to $3.30 area but that's such a wacky move ... dunno anyone that mentioned it may be coming ahead of time and was positioned for it). Monday open had I looked at my account I probably would have gotten a little uneasy...

    Anyways, watch the Sept $4 calls, see if they move. Whoever owns them is doing, I assume, the same as me, and I believe they have moved them out twice now. Not a fan of following the leader, but doesn't hurt to keep an eye on someone playing with 80,000 + contracts like that.

    Richard bought near a top. Clearly the shares would have at least retreated to 3.60's after topping earlier in the year. I mentioned this elsewhere... can't remember if it was in direct message or on an article or something. Someone asked if I had read that "Cameron Kaine" had gone long and I said I skimmed it and that he had bought a top.

    It's ok though. Like everyone else who bought higher / tops they've now "averaged down" :) Too bad they didn't just not buy the top and wait and buy all the shares lower. Averaging down is confirmation that the first buy was a mistake if you're trading. Not such a huge deal if you are investing with averaging in as the objective.

    Anyways... :)
    Aug 27, 2015. 01:11 PM | 1 Like Like |Link to Comment
  • SiriusXM Ups Share Buyback To $8 Billion [View article]
    "No, they wouldn't. They would say it's too little in earnings for each share. Do 1:1000 reverse split and you have ~5.4 million shares outstanding with each one worth $3,810."

    Exactly.
    Aug 27, 2015. 12:54 PM | 2 Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    Nader doesn't matter.

    Didn't understand the offer.

    And it doesn't matter that he didn't understand it because he doesn't matter.

    Anyways...
    Aug 26, 2015. 09:33 PM | Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    You just earned a very very rare like from me Mr. Blue Eyes.

    I don't give them out often (not that that matters!)
    Aug 26, 2015. 10:12 AM | 1 Like Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    Nope don't agree. And I know I keep saying this but the time to sell has been the multiple times it has hit $4 this year. Plenty are selling the last few days though... I'd say it boggles the mind but it really doesn't :)
    Aug 24, 2015. 12:21 PM | Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    Because your fellow investors are happy to sell at $4 per share.

    Look at all the comments from people who are looking for it to "just get to $4 a share" yet again.... it's almost silly.

    Let 'em sell.

    Markets are down nearly as much too. SIRI only down a penny right now, much less than the market.
    Aug 21, 2015. 01:57 PM | Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    It is.
    Aug 20, 2015. 12:58 PM | 1 Like Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    Yeah see my comment above regarding the long drive from FL to NH. No SIRI... had to do streaming and AM/FM which was ok because I kinda wanted to see what it was like but... ugh.

    And those DJs... they suck no matter where you are in the country...
    Aug 20, 2015. 12:57 PM | 3 Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    Depending on rates and borrowing capacity at some point you just use cash.

    SIRI is rewarded appropriately for performance. It goes from under to over valued and trades in a range and has done so for years... sometimes it just takes time to catch up in either direction. SIRI was overvalued at $4.18 in 2013 but people were saying it "deserved" $6 a share back then. People will think what they want to think... some of those same people sold out in the past 2 years at lower than $4.18 prices... odd... if they think the stock deserves $6 a share 2 years ago the thing must deserve $10 today so why sell at $3.XX ? ;) Truth is most just fire off blah blah deserves $6 blah blah without knowing what the price of the stock should be given all market participants...

    By the time SIRI winds down or completes the repurchase program I figure most retail will be out anyways and it won't matter what the "media spin" is.... Who cares what the media spin is if LMCA owns 80% and their friends own 19% and retail owns 1%? Spin away....

    You are unlikely to get EPS acceleration. NOLs will be used and SIRI should be leveraged appropriately for repurchases or later dividends so that there is minimal earnings and thus minimal tax. LMCA could take a different route, sure... but why pay tax on earnings? To stockpile cash for what?
    Aug 20, 2015. 12:55 PM | Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    "promise to post it only one more time"

    Thank you.
    Aug 20, 2015. 12:44 PM | Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    All's great! Good to see you man :) How's the fishing this year? :)

    Just made a road trip myself from FL to NH and had no SIRI the whole way so decided to see how streaming worked the length of I95 ...

    Brutal. Data cut in and out the whole trip on both Verizon and AT+T. I actually expected it to be better than it was... it was pretty awful. Wireless data isn't being rolled out to significant coverage as fast as I expected.

    Going straight through NYC at 5 PM was ... interesting... I was surprised at how little traffic there was. I get worse on 128/95 around Boston at that time of day...
    Aug 20, 2015. 12:44 PM | 1 Like Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    If you predicted this a few weeks ago why didn't you sell?

    You held and knew that the stock would go down? That doesn't make any sense. How much longer are you willing to wait and lose money?

    Just sell. End the torture of watching a stock every single day and pining over 1 cent up and 1 cent down. You will feel much better.
    Aug 20, 2015. 12:40 PM | Likes Like |Link to Comment
  • OK, I'll Say It: Sirius XM Had A Great Quarter [View article]
    retired
    Aug 18, 2015. 03:57 PM | Likes Like |Link to Comment
  • Sirius XM: Please Tell Me Again About The Big Bad Connected Car [View article]
    But I am talking about driverless. Not driver assist. The comment regarding nothing more than moving the hotpot to the dash really only had to do with "wifi" being built in, not really regarding the cvs portion which I don't view as competitive with radio listening.
    Aug 17, 2015. 09:24 PM | 1 Like Like |Link to Comment
  • Sirius XM: Please Tell Me Again About The Big Bad Connected Car [View article]
    Yeah not interested.
    Aug 17, 2015. 03:09 PM | 3 Likes Like |Link to Comment
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