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Don't Believe Everything You Hear About Sirius

I understand your point sl62 regarding my post. In the short run, I absolutely agree that a positive announcement would give the stock a jolt and possibly give them the cred of trading in the 2.0 league. But I think that this is not entirely the best way to play the game. Why create a quick leap and bounce around $2 when you can wait a bit more time and try to let the stock build on it's own first? There is a big difference between a 3.0 stock and a 2.0 stock in the way it is perceived emotionally. A 3.0 stock is on it's way up. It shows momentum. Where a 2.0 stock can as easily slide back down. What is important is not credibility among the market but ultimately appearing like a phoenix, slowly but surely rising, prying itself from the ashes of its own "thought to be" inevitable doom. I don't think a stigma can even factor into this so much. I suppose whatever happens will just have to unfold.

Don't Believe Everything You Hear About Sirius

Here's a thought:

I do believe Mel K is either very close or has the new financing terms locked in. However, to release such information now would be a mistake. The best thing for him to do is wait a month or or even more, to see how far the stock will climb based on rumors and speculation. (like today) Then release the news as the February deadline approaches. I predict the first press release will be that the financing for the initial $300 mil. is in place and they have their first hurdle conquered. This will wet everyone's appetite and stimulate a steady price increase after the initial spike. A bit further down the road, The next financial hurdle conquered. Another spike and steady climb. Lastly, the final frontier. Mel announces Sirius has successfully navigated through the shit storm and there are nothing but blue skies from here on out! Following this plan would assure a greater certainty of the price leaping over the 5.00+ mark to put Sirius back into the big leagues with Mel, once again coming out on top as the envy of the business world! If the news is released while it hovers around 1.00, the most expected upsurge could be maybe to around 1.50. (50%! That is awesome! Great news for those who bought in at .68!) So then. Where is there to go from there? Wall Street still hates this stock and will continue to do everything to undermine it. In the current insane state of the market, Sirius is still too fragile and could still get eaten alive. Expect more rumors and confusion surrounding this stock in the coming weeks and watch the momentum build as the market continues to correct itself. But don't expect Mel K. to make that magic announcement any time soon. As far as the Trump rumor, I found it early this morning when I was surfing the web hunting the scraps of info. Although I can't personally vouch for this info, I do believe it to be true. It makes sense. You see, Mel is a member of that elite Billionaire Boys Club along with Trump and all the rest. Don't think that they would turn their back while one of their brothers go down with the ship of humiliation. It would send a message of weakness and vulnerability that must never be associated with any of their kind.

Don't Believe Everything You Hear About Sirius

For what it is worth. I copied this from another news forum:

"There is a rumor traveling around from a very credible source that Mel, who is friends with Donald trump, has met with Trump and two of Trump's creditors and a deal to take care of all outstanding debt in the early part of 2009 is almost finalized. The terms are very easy and since the merger, operating expenses have been smaller than once figured with subscriptions climing actually more rapid than originally expected, stock prices are expected to soar for a while and could easily be in the 4.00 range by the end of 2008. A reverse split has also been tossed around and if emplemented will make this a very attractive stock. Sirius stock is going to be expected to soar as it has bottomed out recently."

Don't Believe Everything You Hear About Sirius

I have got to admit. These Sirius blogs and discussion boards are awesome! Entertaining as well as informative. I feel like part of some guerrilla stock trader brotherhood.

Getting Cash into Sirius XM's Coffers

Count me in for $1000!


On Sep 17 08:56 AM WJDJFD wrote:

> I still like the idea of Subscribers Shareholders each donating $15.00
> $20,00 to the company
> I know I would do it to protect my investment.
> For the donation we would get a guarantee of no reverse splits and
> the company NOT going private.
> I don't think it would be viewed as a desperate move by Mel but only
> show the love of the product by Subscribers and Shareholders. I think
> we should write Sirius XM with this idea and have an article submitted.
>
> I would think that it would get a SIRIUS amount of press.
> I saw this idea in a forum post and truthfully thought it to be a
> great idea.

Is Sirius XM Headed the Way of Old Radio?

A recap of my post from 9/12 :

"I bought as many shares as I could as the price was dropping and have no regrets what so ever. As everyone knows, the reality of the market is that rumor and irrational emotional reactions toss it about. This forces panic selling among the long holders with the short sellers and options traders cleaning up the spoils. This is just a fact with many getting caught up in the mindset of doom and remorse. Now for some personal speculation. As far as coming up with their $300 mil. and $400 mil. payments, there is no financial institution on the planet that would let this one slide into default. Especially not in the current climate. Think about it. Bankruptcy means collecting ultimately only pennies on the dollar and being trapped in years of litigation, which would throw their investment into the same place where many now hold their heads. This also would have a ripple effect across the board for them causing further reaching damage. This approach is really not an intellegent option. Mel K. is playing his cards exactly the way he should with his conservative figures and hazy confidence regarding the February payment deadline. He is leveraging Sirius’ position into a 6-month window to pressure the financiers to ultimately negotiate that “sweeter deal” Sirius should inevitably acquire. By making his announcement, he has left investors scratching their heads, with many of you playing “follow the looser” off a cliff and pulling the price down with you. With just a few words, he has effectively put pressure on the lending institution to scramble quickly to the negotiating table before the stock value and public confidence of the company that they have a huge sum of money invested in plummets even further down the tubes toward oblivion. This would make it more difficult to realize a payback of their loan investment at all. I would still look for the price to bottom out around .67 within the next few weeks before we see any steady upturn. For me, I am going to patiently hold on to my 300,000 shares and ride this one out till the end!"

Well, it bottomed out today at .68 and I bought 15500 more shares. I may ultimately be wrong, but so far all my instincts seem to be pointing in the right direction. Now for another crystal ball prediction. Siri will be trading consistently on the north side of $1 by Friday of next week. I also think that it is probable that there will be a huge surge once the refinancing terms are in place. This may take a few months, but in the meantime it seems that the shorts are exhausting themselves and the stock price will be controlled by the long holders, easing the price up to the $2 mark before the refinancing news is released. This could mean that Siri could be trading closer to the $3 mark by the years end. Just expect massive upticks like todays to repeat themselves over the next few weeks (as well as some down turns) And for the love of God... HOLD YOUR SHARES LONG LONG LONG AND DON'T PANIC!!! You know panic is what drives the market down! If you are fearful of losing your hard earned cash you should never invest in the market in the first place! After all, the stock market has become a casino with the only difference being your money does not vaporize until you cash out. My exact share count as of today is 322,554. I have another buy order in for tomorrow for 16000 more shares at .77. That will put my average at 1.29 per share and I am holding with that.

Open Letter to Sirius XM Radio

Ok. Enough. I just bought 15500 more shares of Sirius @.85. That brings my total shares to 324000. I am sitting long on this one my friends. I refuse to pay much attention to panic. I am not a short seller or a wreckless gambler. No matter how you look at it, unless you are one of those unfortunate ones that bought in at a high price, I don't think there is anything to worry excessively about. If you study the facts, you should feel confident that, in time, this company should pull through and turn a nice profit for us all.

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

Average cost on my 300000 shares is 1.21.

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

I bought as many shares as I could as the price was dropping and have no regrets what so ever. As everyone knows, the reality of the market is that rumor and irrational emotional reactions toss it about. This forces panic selling among the long holders with the short sellers and options traders cleaning up the spoils. This is just a fact with many getting caught up in the mindset of doom and remorse. Now for some personal speculation. As far as coming up with their $300 mil. and $400 mil. payments, there is no financial institution on the planet that would let this one slide into default. Especially not in the current climate. Think about it. Bankruptcy means collecting ultimately only pennies on the dollar and being trapped in years of litigation, which would throw their investment into the same place where many now hold their heads. This also would have a ripple effect across the board for them causing further reaching damage. This approach is really not an intellegent option. Mel K. is playing his cards exactly the way he should with his conservative figures and hazy confidence regarding the February payment deadline. He is leveraging Sirius’ position into a 6-month window to pressure the financiers to ultimately negotiate that “sweeter deal” Sirius should inevitably acquire. By making his announcement, he has left investors scratching their heads, with many of you playing “follow the looser” off a cliff and pulling the price down with you. With just a few words, he has effectively put pressure on the lending institution to scramble quickly to the negotiating table before the stock value and public confidence of the company that they have a huge sum of money invested in plummets even further down the tubes toward oblivion. This would make it more difficult to realize a payback of their loan investment at all. I would still look for the price to bottom out around .67 within the next few weeks before we see any steady upturn. For me, I am going to patiently hold on to my 300,000 shares and ride this one out till the end!