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Stock Watch: VNDA, TTNP.PK, SIRI, CSUH.OB, AGEN

If I recall correctly, Mel has an option grant - exercisable in the future - on 120 million shares at .43. It is clearly in his interest to do everything in his power to lead the company in a way that benefits the share price into the future. All of the comments to the contrary are totally off base and unwarranted. The fact that Mel's future compensation is clearly aligned with shareholder performance says it all.

Stock Watch: VNDA, TTNP.PK, SIRI, CSUH.OB, AGEN

The ridiculous comments of SIRI-Doom - based upon fantasies that exist only in his head and known only to him - have continued unabated and unrevised for months - in an attempt to pressure a stock that is now headed North. For whatever reasons - he fantasizes about actions that will never be taken, including his constant ability to sell every day's trading range at the highs and buy back his positions at the lows - all in great size. The reality is that this type of day trading attempt always runs the risk of getting out of a position that one cannot reestablish if the stock fails to pullback. This is the risk most day traders now face with SIRI - as the stock is trading from dominant technical strength and the most recent completion of a rounded bottom that took eleven months to build now suggests that it is much too early - both in terms of time and price potential - to now be getting out of SIRI. Technical projections based upon the power of this formation indicate potential toward .90 to 1.00 around the November release of 3rd Qtr. earnings and guidance; toward 1.25 to 1.50 over the next six months to one year; and toward 4.00 over the next two years. All of this is in conjunction with the greatly improved fundamental expectations for Sirius XM Radio that are now propelling this action. Considering this backdrop, all "fear mongering" by SIRI-Doom and his ilk should be taken with a grain of salt and holders of long positions should definitely stay the course.

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There is no question that SIRI is being manipulated (on the short side) by "the big boys". The SEC should certainly look into this and take this heavily into consideration while evaluating all comments received regarding review of the uptick rule and naked short sales. Manipulation - in any form - is an abuse of the marketplace and very harmful to legitimate investors. The SEC has been asleep at the switch on many fronts - and correctly criticized for their lack of oversight in virtually all of the crimes that have recently come to light - and the manipulation of SIRI certainly warrants their attention.