RReagan

Sirius XM Dips Beneath $1: Will the Street Give It Any More Time?

You have to be crazy to still own this stock. We have been waiting for everything that has been posted here to occur, and it has, and look at where we are now. The posters on here said when the stock was $2.20, don't give in to the shorts, then again at $1.50, then at 1.30, and so on. The DOJ, the merger, and finally our savior Mel have done nothing but cause the downward spiral. The only issue now is that with huge losses, how do I get my tax savings? At a limit of $3000 per years deduction, it is going to take me many many years to recoup that. Any good ideas this time?

What to Expect in Tuesday's Sirius XM Radio Conference

A jump? A bounce? Come on, for those of us who have been waiting all year for anything, the stock is down a penny today on the verge of Mel speaking. There has been DOJ approval, FCC approval, the shorts covering, this, that, and so many other things that were suppose to bounce this stock higher. So far, the only jump/bounce has been down.

Sirius Raises the Bar on Internet Offerings with Football Content

Yes the market is up over 200 points and down goes SIRI .04 down!! Is there any hope?

Sirius XM Merger Appeal Looks Groundless

Wow, the market is up over 200 points and SIRI is down .01! Thats a winner! LOL

Sirius XM 2009 Debt Is a Non Issue for Investors

I wonder if this stock is capable of having 2 up days in a row. What will it take? Shorts having to buy? Another appearance by Mel? It seems like this stock will be having difficulty getting past the $1.50 per share amount. Wow, it seems like just a month ago we were wondering if it would actually get up over $4 per share post merger! lol

Satellite Radio: Betting on Used Cars

cos1000 - Thanks, you have helped put this in perspective for me.

Satellite Radio: Betting on Used Cars

cos1000 - I am not drinking the kool aid. I, like so many others, just believed the pundits that the 2 companies when merged would be better than just one. Its a great product too. Unfortunately, I got into something with shorts, naked shorts, and other stuff that I didn't understand. It just didn't seem to be that complicated and lots of people, including Tyler and Cramer, broke it down very well and made it sound like a good bet. Now I am way down with an average cost around $2.90 so I am kind of stuck without an understanding of which way to go. It makes sense to hold but my gut feeling says this stock is in for another rough week.

Satellite Radio: Betting on Used Cars

Ok cos1000, so when in your estimation does the panic by the longs end? What do you think the real value of the SIRI shares should be at this time (maybe $2.5 - $3 per share) and when do you think it will get to that price?

Satellite Radio: Betting on Used Cars

relmor - I think I understand that the shorts new they could cover with the 250 million new shares being put out there. What I don't understand was that I though the new shares were being sold at $1.50 per share. How then does it make sense to short the stock down this low ($1.30)?
You seem to have more inside knowledge about stocks and how the system works than most on here. Any idea when the end game comes? This week? This month? This year? What range do you think it will go to?

Satellite Radio: Betting on Used Cars

Well User 225305, I guess I shouldn't feel so bad. Today, Mel lost almost $200,000!!

Satellite Radio: Betting on Used Cars

Everyone - This is not Tyler's fault. He was just one of many who endorsed the idea that the stock would get a bounce once the FCC approved the merger. Cramer was much more vocal saying the stock, when it was around $2.90, would as much as double on the news. All of the pundits made sense except for Weinke from GS. Even GS was wrong, since they had a $1.75 value post-merger. Its now closing in on $1.25. The stock is a dud. I have no idea who is buying and who is selling anymore. We need to stop drinking the kool-aid. I am just looking for suggestions on the best way to move forward as the stock continues to move lower.

Satellite Radio: Betting on Used Cars

Market up 194, SIRI down .02. Same old stuff, different day. If I didn't have so much invested in this, I would have been rid of this stock already. The advise I took on buying this I thought was sound. From Cramer to Tyler and numerous other analysts opinions, this stock was ready for a bounce upon the merger approval. Only GS said otherwise, and they were right. I had no intentions of owning this garbage for years, like many others. I had held it long enough, just waiting for a good time to sell. Unfortunately, it went down too much too fast and now I am stuck. I am not trying to complain, I am just trying to make everyone understand what alot of us are feeling.

A Penny Saved: Sirius Tops Street by 1¢

sirius guy - Ok so we are just waiting here, tapping our foot, for the big boys to buy the stock back up? I bet alot of them have covered already, so where does that leave the stock price?
I am left to wonder why the gurus like Cramer and Tyler and others didn't see or understand the stock market and how this institiutional selling would happen to SIRI.

A Penny Saved: Sirius Tops Street by 1¢

Ok, lets see now, we have had the following:
1. DOJ approval
2. FCC approval
3. A merger take place
4. Shorts have to cover by last Tuesday
5. Better than expected results by $.01
6. Announced $400 million in synergy savings

Ok, where is the bounce/pop/anything? Why is this stock still near its all time low, less than the pre-merger amount, and way less than the price 1 1/2 years ago before the merger was even considered? Any ideas?

Sirius XM Show or Tell - A Rebuttal

163888 - Ok, but I have waited through the DOJ, then the FCC, then the actual merger, then the week after. Now its tomorrow! lol I bet next will be Thursday when Mel speaks.