bdp

Analysts' Zero is the New 'Buy'

Sl32- You proved my point. Read my post again. I don't think Sirius is going to zero. I do think that zero is what THEY want you to think. (hence "probable", "may" and "most likely". No commitment, just meant to induce fear.)

Analysts' Zero is the New 'Buy'

Hello all! It's been a while, but I am back. I was hoping things would have turned around a bit in the past month but it looks like just more of the same. I said some time ago that the market will bottom somewhere between 7000 and 8000, and it did. I feel confident that the worst is over. I am sure in the next few months the dow will oscillate up and down, gradually inching its way toward the 10000 mark by March or April of next year. This would be a nice solid pace that will raise confidence and offer some nice support. I do think that the short money is running out across the board. Shorting is getting much too risky and I am sure we will see a definitive turn around. So how does this affect Sirius? I am not sure. It seems that Sirius has become a prime target by its own design. Being a distressed company means that you are going to regularly release any tidbit of positive information you can to keep investors from running wild with your stock price. This is an extremely effective way to help control your stock prices without having to issue anything deceiving or fraudulent. A good example of "legal press manipulation" is if you read the minute by minute headlines that use the words "may" and "probably" and "most likely". These are words and phrases that are non committal and perfectly legit. (A good friend of mine works for Bloomberg) For example, if you read a headline that says "Sirius XM may be closer to new financing terms." This says nothing but is devoured by investors quickly pushing the stock price up. Works like a charm. You see, the difference between now and 20 years ago is that we have 100000 times more information hitting us at the speed of light and there is no time to sift through it all to make rational fact based decisions. The media is more powerful than they have ever been and companies like Sirius (who are a media company, oddly enough) need to use their own tools to implement the tricks of the trade and give them every molecule of advantage they can muster up. With this said, I am ever more suspicious of the dud share price. I don;'t see any effort to play up the company on any regular basis. In fact it seems that the down side has always been emphasized. I would not be surprised if this has been a sinister plan of Mel and company to steal Sirius away from the investors. You see, a multi billion dollar company with billions of dollars worth of shares and annual revenue does not equal bankruptcy. Not even close. Even if they are operating in the red. Sirius has been exploited and raped with our faithful dollars continuing to line the pockets of the villains. Don't be shocked if the next press release from Mel is neutral at best.
It is probable the ultimate plan may be to take Sirius most likely to zero. You dig?

Auto Sales: Good News on the Horizon?

Check out Monaco Coach Corp. (MNC) Heres a portion of the press release:

Monaco Coach Corporation Announces $129.3 Million in New Debt Financing
6:01a ET November 5, 2008 (Market Wire)

Monaco Coach Corporation (NYSE: MNC), one of the nation's leading manufacturers of recreational vehicles, today announced that it has entered into two new definitive financing arrangements, the first of which is a three-year $90 million revolving working capital loan and security agreement with several financial institutions and Bank of America, N.A., as agent for the lenders. The Company also executed a secured financing agreement with Ableco Finance, LLC for a $39.3 million 3.5-year secured term loan. The funding of these loan facilities is scheduled to occur today and will pay off and retire our existing credit agreement.

Looks like Banks are loaning money to distressed corporations again. Monaco Coach has been down 50% with no relief in sight for the near future. Yet they acquire substantial refinancing. Perhaps this signals the start of loosening up on corporate lending. Time to buy back into Sirius? Any thoughts?

GM/Chrysler Merger Could Be Very Interesting for Sirius

Today is another example of what I have been talking about in my last few posts. The market will continue to drop for the next week or so with a couple of up days in the midst. Would be a good time to buy and sell short. (I believe tomorrow should see a nice up rally.) You see, it appears that the real bottom of the market lays somewhere between 7000-8000. This would mesh nicely with the historical market curve. This will be the proper correction and then there should be no more frequent wild fluctuations. But the market may not increase many points as a whole either. I do believe we are entering a recession, however, I do not believe it is going to be as deep and long winded as predicted. Watch what happens after the election. In the mean time, watch siri dip below ..40 once again. It wouldn't surprise me if it fell below .30 by next week. Good time to buy more if you still believe.

GM/Chrysler Merger Could Be Very Interesting for Sirius

Panic Buying. Not a good thing. In the interest of our economy, I hope we don't see 8 days of gains. I was overwhelmed to finally see a bottom, but it should have been about 800 points lower to keep within the historical balance. One of two things will happen here. Either we see the market recoup much of its losses in a short period of time, or this unnatural rally will reverse within the next few days and we will again experience some dramatic drops to establish a correction. My fear is greed will prevail and we will be in the hole again in no time. Any thoughts?