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Analysts' Zero is the New 'Buy'

thanks bababooie...

Analysts' Zero is the New 'Buy'

Oh yeah...

For those unhappy with recent content changes, witness:

>>Disco and Old School Hip-Hop Channels Back by Popular Demand on SIRIUS XM Radio

2008-12-16 16:42 ET - News Release

The Strobe and Backspin return on January 15

The Beat Morning Show launches on BPM

NEW YORK, Dec. 16 /PRNewswire-FirstCall/ --SIRIUS XM Radio today announced the return of two music channels: The Strobe and Backspin. SIRIUS XM listeners will be able to listen to The Strobe and Backspin beginning Thursday, January 15.

(Logo: www.newscom.com/cgi-bi... )

The Strobe and Backspin will bring back disco/classic dance and old school hip-hop respectively to SIRIUS and XM. Additionally, The Beat Morning Show will launch on BPM on January 15. The daily show will feature popular dance hits and be hosted by former Beat program director Geronimo.

"Bringing back The Strobe and Backspin, and adding The Beat Morning Show, is part of our commitment to respond to our subscribers' overwhelming passion for our service," said Scott Greenstein, President and Chief Content Officer, SIRIUS XM Radio. "We are fortunate to have an enthusiastic audience that embraces satellite radio with unprecedented fervor. We will continue to listen to them as we strive to create the best audio entertainment experience available."<<

I don't think it was ever discussed on the other board that a company like SIRI, who is sly like a fox, will cancel on purpose to be able to bring back and make themselves look like they are caring for the consumer. Just as seen in this article--(but to which the contrary was confirmed by Mel when he opened his big mouth again last week). Now, I don't take away from them that there will be some natural and genuine give and take regarding programming (and effective listener protestation), but this one, so soon (and just before meeting time), wreaks of being contrived. IMHO.

Analysts' Zero is the New 'Buy'

Hello all,

I had to be out for the close today and I see that SIRI dumped out in the last 10 minutes to close @ .13. Well, if the data holds up, we should be seeing .08/.07 next. Sorry to say but maybe not so much because my hope is that then turns into the ultimate capitulation (and I will be piling in). Forget about going to 0. To go to zero, a stock needs to go sub penney .0001. Not happening in this case. Look, .13 IS zero by any standards my friends (to quote old McCain).

This means for sure that the dilution is on starting tomorrow and the stock will bottom somewhere around .05.

I have to say that I am stunned that they are holding this meeting tomorrow with a .13 SP. Worst case scenario. Wow. Good luck Mel. I actually hope he gets his ass squewered. He needs to feel some of this too ya know. What a joke.

Analysts' Zero is the New 'Buy'

mogami_99...

Exactly. A-holes like 24/7 Doug make their living manipulating data in generalities to attempt to bolster their cred and justify their existences as critcal reporters. He's a class AAA+ douche bag.

Analysts' Zero is the New 'Buy'

bdp...

no worries. I'm in the media biz so I get your overall point...your post was just confusing at the end there...it was unclear that was meant to be a headline...

Analysts' Zero is the New 'Buy'

cos1000...

I think you're dead on. This move by the Fed was to shock and awe confidence back into equities--and I think it will work. It most certainly keeps the shorts en masse at bay for an extended period. If it's true that we are more than half way through this recession, Jan - March should prove to be a decent time for equities. I can envsion Dow 11K as money flows back in. Then as a range I see 11K - 9700.

What will help the lending problem is the EOY manadatory bank balance sheetr reveals. The fear of exposure to toxic assets still dogs interbank lending, which in turn dogs consumer lendng. Also, if he CDS clearing house gets put in place, that will help tremendously. Overall, I see many more 'potential' positives for '09 than negatives. What we've just experienced in the last 3 months seems to only have 3 major comparisons in history (Great Depression, 1974 and 1982). I guess '01 could be assumed as well but the drop was not as precipitous percentage-wise. IMO, the odds of us seeing another period like this in '09 are very slim to none (short of some major f'up as we say).

Ah yes Mel and the meeting. Listen, you may be right but I'll say this. I'm not expecting any implementation tomorrow naturally but I don't see how he avoids not disclosing something concrete regardng financing. This is the annual meeting. Their silence has been deafening otherwise. OK, fine..if that's your strategy to be silent along the way, then so be it. BUT, after all this time, if they do not by now have a strategy in place to address debt issues, it will be lamer than lame. No one here or anywhere will convince me that Mel just needs more time or he's just doing his thing. Right now, there is a pressing issue regarding the company that has caused a collapse in this company's stock price and it's the annual meeting. He better get up there with a plan in place and tell hs constituents what it is and what they've been working on all this time. The days of playing it close to the vest and secretive are over. We as shareholders deserve answers NOW. Not in January or in some new Prospectus filing slipped under the door at the close of some trading day. He needs to stand up there at the podium and tell people WTF is going on ands what their plan is. As said, no one expects implementation until Jan or of course by Feb 15, which is the deadline for the 210M, but the plan needs to be in place now and disclosed. IMVHO...

Analysts' Zero is the New 'Buy'

Shure46..

Btw.. the chart says tomorrow should be an up day for SIRI. Let's see if the trend is bucked for the meeting. I heard after hours that the word on Autos money is not tomorrow but either Thursday or Friday. Could wind up being a positive confluence with the meeting. This is Mel's chance to make up for last three months with a plan that works and that the Street will like. All we care about is if the Street likes it. If they like it so will we. Mel's got to show us the money. I'll be curious to see what 3moLibor is tomorrow after todays Fed news...

Analysts' Zero is the New 'Buy'

SirusDun...

If you mean the shorts now on the sidelines will be back in '09, I agree. But I disagree we will retest these lows. There will be too much stimulus coming in next year for a prolonged takedown (like we just had) and if the CDS counterparty risk gets worked out (and today was a step in the right direction). Shorts won't have the upperhand as banks begin lending again and recovery becomes positive news week to week. I can see April May and Sept Oct as tricky months next year as shorts will step in to correct as indices go too far. Remember, trillions are waiting as we speak on the buy side. I did hear today that there are $500B in Hedgie redemptions that were blocked for 3 months. However, if the market can have a few good months, those redemptions could be pulled. If they still wind up hitting the tape, we will see some kind of takedown due to forced selling. Nothing you can do there.

On the Fed side, they just have to keep a close eye on the flood of money and liquidity. Pull it back slowly AS SOON as the economy starts to work on its own again. Obama would do well to keep Bernanke on at least through '09 to manage what he's started. This whole thing can be transparent if done correctly. Not dopey Greenspan, wait until it's too late style, but on top of it week in week out style. If that does not happen then I would agree with your prediction. IMHO.

Analysts' Zero is the New 'Buy'

Shure46...

The ALS (one fo my favorite Zep tunes btw) was just before and not long after the Fed decision. Several million shares came through pounding .1400...yet it held both times. Could be meaningful if it holds up through the next few days. Tomorrow will be interesting as the day before the meeting. Let's see if they try to take it down.

As far as manipulation, it's really no different than any stock IMO. Every stock is manipulated according to the wills of those with the upper hand. Classic bears/bulls. When heavy orders show up either way (buy or sell), MM's (or specialists on NYSE) determine the configuration and how it all plays with their own agendas or how much they want to trick traders. they can slam it at once or fake and drift. Their only real objective is to make money.

Analysts' Zero is the New 'Buy'

bdp...

Hope all is well otherwise...

Analysts' Zero is the New 'Buy'

bdp...

I think there is way more here than meets the eye and will prove favorable somehow for shareholders who remain diligent. 0? You don't really believe this stock is going to 0 do you? If you do, that's fine but I don't. Most who do are generalizing only by what's in front of their face. They don't follow the stock every day like some of us. For example the stand at .14 today, mid-day. And witness 24/7 Doug A-hole McIntyre...who confidently states in his recent smear that SIRI "has traded below .10". While this was true for one stray trade spike last week of .08, by no means is that indicitive of a legit bid/ask trading range. And (other than the first :30 of trading on 12/12 where they opened At .13.9 and recorded one other trade @ .134 coming out of a premarket mini-takedown) not only have they yet to bid/ask below .14 intraday, but have never closed below .14 either. So Doug's an ass and because he's determined to prove he's right for the past year claiming SIRI would BK, he's compelled to look as far as his nose and say, hey look, it quacked, it's a duck". Duh. This is common with many "pundits" following SIRI. They all say the same boring mantra. Blah, blah, SIRI has 1.1B in debt due in 2009...good gosh, how will they get past THAT hurdle? Lions, tigers and bears, oh my. Or weakness in autos will hurt their subs...you know the same boring sh%t over and over again.

Listen, I know a few things and one of them is: when enough people all wind up saying the same negative general thing over and over again ad nauseum, with nothing new ever to cite, you know it's not as bad as it looks and often there's a lack of intelligence at the root of it. SIRI is not Circuit City, not Charter, not AIG, not Fannie Mae, not the Tribune, not any of these. As you say, they are not a company that issues misleading press releases either (which shows they are not desperate). If anything, I think it means there is more going on than meets the eye. This company is approaching it's day of reckoning. We shall finally see what all of this has been about. I think more and more it has not all been in vain for those who remain.

Analysts' Zero is the New 'Buy'

Paulson just ended his interview with Maria B with her asking if Autos will get their money by Christmas. His answer and I quote: "They'll get the money as soon as we can prudently do it."

I read zero doubt in that answer.

Analysts' Zero is the New 'Buy'

By Paulson's remarks at the outset, the money's coming. They're most likely putting in the right stipulations...

A little quickie .15 popped in late to close the day. Don't underestimate this stock's still ability to move quickly. So many have given up. Anyone still here are taking the patience test.

Analysts' Zero is the New 'Buy'

wcorowitz...

You have to remember this stock is in a world of its own. And that world only sometimes connects to the broader market. If you were watching right after the Fed decision, they tried for a second take down--pinning the needle consistently @ .1400. Normally with that amount of concentrated selling pressure, it should have broken into the .13's...but didn't. The more days we hold .14 in earnest, the better. We did open BRIEFLY @ .137 late last week but that was one or two trades and that was residual from a pre-market takedown. So this cannot be counted as breaking the resistance. Breaking means, a clear break for prolonged bid/ask. If we hold .14 today as it appears, it will be day 17 since that low was made. Now. We have the meeting news upcoming. And we have Autos bridge news from the Treasury (TARP). This delay in that announcement is making things extremely interesting.

To answer your question regarding shorts...the answer is everyone. Shorts are locked on the debt jock and nothing else...esp. since it concerns the very survival of the company. The first squeeze on this stock happened @ 21, where auto programs were clearly triggered. Shorts learned from that and lowered those triggers to .10 is my guess. So they are set up for the worst first and nothing like this Fed news will cancel that. It's SIRI's move. They need to come forward with a plan that proves to the shorts they are at risk...meaning that the company will survive this debt crisis. If they don't, the shorts won't cover until the .05 that BK brings. Why should they cover @ .14 when they (and practically the entire Street) think there might be another dime in it for them? They are not stupid here and won't see a need to give in until they KNOW there's nothing left.

My take is something positive is going to break on this stock very soon. They have basically had nothing but bad news now for almost 4 full months. As I've said before, unless you believe the thesis that they are headed for a total meltdown and land in BK court, you have to believe that the "counterparty" to those 4 straight months is close at hand--as nothing lasts forever either up or down and eventually must change. When I look at a 1 year chart, I see what looks like a bottom being put in. Now the company needs to respond and as Mel once said in front of god and everyone "make the shorts pay." We're soon to see if he was SIRIUS about that or what.

I just grabbed another 2K shares @ .1410 and have my last powder for any volitility on Friday. I have to believe they are now waiting for the meeting to reveal their strategy for debt issues. Or who knows they could throw a piece of meat out there tomorrow. Otherwise, Thursday by noon the word will hit the wires. I'll say this. If they DO NOT reveal such plans on Thursday, this stock will close @ .10 that day (with an intraday of .08). To me it will be unconscionable in this circumstance given the amount of time they've had to draft a plan, but hey...Mel is Mel and he apparently does what he wants.

And yes, as I've written this they closed above .1400. Paulson is on CNBC right now. Let's see what he says about Autos.

Analysts' Zero is the New 'Buy'

did you guys see that achilles last stand @ .14 before and after the Fed decision? Those things are pretty cool to watch. They tried for a take down and just couldn't do it. Kewl sh%t...