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Stephen Faulkner
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Twitter (https://twitter.com/Faulkner_SA) I started writing for Seeking Alpha in early 2012. With an interest in both fundamental and technical analysis, and a strong belief that both should be used when investing, I try to incorporate both in the bulk of my articles. My goal is to bring a fresh... More
  • Possibility For A Drop In SiriusXM 3/14 0 comments
    Mar 14, 2012 12:58 AM | about stocks: SIRI
    As posted to my options article :

    "For those of you following along here, I'd like to make note that significant numbers of shares have been reserved for shorting on Wednesday 3/14. Keep an eye on the share price. For long holders, not a huge concern as it's likely due to options and how they will be played, but for traders this could present a great opportunity. "

    Data found here :

    http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=siri&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=

    Typically when this has dropped below a value of >10,000,000 in the past the share price has had a bit of a drop the next day, or volatile behavior. Just a heads up.

    Disclosure: I am long SIRI.

    Additional disclosure: I am long SIRI $2 June calls.

    Stocks: SIRI
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