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?