Sirius XM (SIRI +2.1%) CEO Mel Karmazin keeps selling shares like clockwork, according to SEC...

Sirius XM (SIRI +2.1%) CEO Mel Karmazin keeps selling shares like clockwork, according to SEC filings showing separate sales of 8.5M shares apiece. Rocco Pendola says Mel isn't done yet, as he predicts another offloading of SIRI shares next month by the exec as he makes his dispassionate case for SIRI running back down to $1.65.

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Comments (3)
  • CTSerious
    , contributor
    Comments (17) | Send Message
    I would appreciate comments on whether the following two statements make sense:
    1. It is in the interest of Liberty Media to drive down the price of SIRI in order to acquire more stocks in their drive for control over the company.
    2. Once control is effective, it is in Liberty Media's interest to see SIRI stock price go as high as possible.
    18 May 2012, 01:08 PM Reply Like
  • vinci666
    , contributor
    Comments (53) | Send Message
    Pendola predicts??? its a forward contract to sell monthly its a fact he will sell and its a fact his contract is up coincidentally the same year Liberty could affect a take over.
    21 May 2012, 03:04 PM Reply Like
  • Ron Reed
    , contributor
    Comments (346) | Send Message
    My thoughts too....not much of a prediction when we were told of the sale back in Feb from the filings. Guess that makes us all worthy of a following....
    21 May 2012, 03:48 PM Reply Like
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