Scot's Slant

Is Sirius XM Stock Being Manipulated?

Scot here. In response to the article,"Is SiriusXM Stock Being Manipulated", the answer is a resounding yes. During the 1 1/2 years of pre-merger history, I watched as the price per share fluctuated between a low of $2.75 and maybe $4.00 where during that time, there were people who made a ton of money.

Now in getting to the question of stock manipulation and whether it was by design or accident is another matter. But who cares? From my observation, the stock was simply jumping from low to high and back again based upon recommendations from Cramer and other analysts. And so as it was, people simply bought and sold based upon continuously changing news at the time.

Now for today, and for all the brainiacs who want to slam Karmazin and offer advice on how he should proceed to run SiriusXM, would it be stupid of me to suggest that Karmazin has a host of other principals helping him run the business of SiriusXM and I would offer the suggestion that those officers are already ten steps ahead of the knucklehead outsiders who with only limited information offer advice as to how Karmazin and the rest of his team should manage the affairs of SiriusXM.

And by the way, there is one more thing: For the brainiacs who offer nothing but negative comments on this post, I would like to see their credentials and ask why they are not commanding million dollar salaries while running Fortune 500 companies. After all, I think it would be unreasonable of me to assume that the Mr. Karmazin and the rest of his management team are incompetent as they have more at stake than the rest of us combined....

Scot's Slant