cos1000

Is Sirius Worth Anything? Goldman Says 25 Cents

Siriusly though,

I am trying to put a time line together that ties Mark Weinkes pronouncement to the downside to the Sirius' Stock Price. I know pre-merger in June, 08 he was at around 2.25, then in July, 08 he proclaimed 1.50 and we thought how absurd but the stock went to 1.85 and then rebounded to 2.68 right before merger approval. Then merger is approved by FCC, on a Thursday/Friday, 7/31-8/1, last minute negotiations (ugly financing deal) over the weekend and 8/5 FCC issues official reports, we get details of the deal and the Stocks lent are at the exact price of Weinkes target at 1.50. The stock bounces around 1.30 and 1.53 for a couple of weeks and while all these new shares to be shorted need to make money, Weinkes 1.50 target being reached, readjusts to 1.00, and says he as easily could have said .50. Stock Price nose dives to .85 - 90, we wait for Mel, Mel speaks and the stock goes to .70 and then to .60, and Weinkes confirms new target of .50 and we are all F**k'd. Now after feeling BK Fears, Proxy Statement with a RS and Dilution of shares (all shareholders feeling betrayed by Mel), a retrace approaching his old target of .50 as we see a marketing video saying again we're working on it, what does Weinkes do????? Announces a new target of .25 and questions everything without any real changes in the company's execution.

I really would like to put shorting activity details, what companies and who and what clearing house were the trade cleared through, to the dates of each Weinkes announcement date of his new target. No one has adjusted their targets with this kind of accuracy period ever in the history of trading without insider information and spending time in jail.