blamethegvt

Giving Cramer the Benefit of Sirius Doubt

I am also pretty angry about my bet on SIRI and XM but let's be realistic GS and anyone else associated with this stock are not manipulating it - for what a couple of lousey million $$. The short coverage is necessary because no one in the financial business is going to let their position go uncovered that increases risk and they are all about minimizing risk. SEC rules are you cannot have open short interest without owning the stock so as trades wind and unwind you have a market effect on the price of the shares - no conspiracy here.
The one's to blame here are the #$&%^% FCC and the damn politicians who jerked every single investor around by jerking these two companies around until their fundamentals were damaged (maybe beyond repair). The politicians in the pockets of the cable industry and Clear Channel are the ones to blame here.