relmor

2 Sirius Aspects That Need to Play Out

The shorts? LOL. You need to change your terminology. The shorts have already done their damage. When you short a stock it is a one time transaction, hurting the stock AT THAT MOMENT. It has LITTLE effect on the next trading day, etc...(News neutral). You short the stock because...
1. You think its going much lower.(At these levels you would have to be insane.
2. You hedging a bet, where you lose if and only if Sirius goes out of business(I doubt anyoen believes that who holds the bonds, as they are convertibles, meaning they would take shares). This is a one time transaction, entered at lets say 1.50, 1.60, or even 1.28 if they got lucky. There, they have their hedge.

So anwer me this? Why is this stock CONSTANTLY being shorted and repurchased and shorted again, and when it dips HIGHER volume of shares are gobbled up. Ive been watching Level 2 streaming on this stock for months, and that is exactly what is happening. There are up to 2 million shares being offered as a short every up tick. I assume this is a short, because I refuse to believe 2 million shares are offered every tick, instantly to SELL and never see again from investors thinking this stock is going lower. If you havent sold by now, YOU ARENT GOING TOO. Day traders would hate this stock, as it could explode any moment, and has limited downside potential, and huge upside potential. As a "shorter" I wouldnt even look at a stock like this. Especially with its trading range, erratic jumps and dips, and confusing fundamentals. Big money might be reshorting it and buying back, to accumulate shares. ONLY explanation for this action. I dont give a rats behind about the arbs shorts, the lent shorts, etc... all that would be played out by now. SOMEONE is buying and shorting, buying and shorting for a reason to accumulate shares cheap, and to drive as many shareholders out of their stock as they can. Who is doing this? I have no clue. But WHOEVER is doing it knows exactly what is going on with Sirius, and feels that right now their is nothing the average investor can do to lift its price, which is true, because that coordinated an effort would have to be sustained and constant to force covering of any REAL shorts, which would in fact jack the price up fast. But the constant shorters KNOW they dont need to worry about that. Talk about that, and stop doing justice to the BS from Cramer and the other yahoos who think this market isnt all a game of timing, insider information, and constant daily price manipulation.