mogami_99

Clarifying Sirius Ambiguities over Liberty Shares

Hi, Also I think Liberty's BOD seats are tied to the prefered shares not to common. (But I think 40% of common gives seats on BOD just not the 6 Liberty currently has rights to) And of course 40% of common gives them alot of votes without BOD seats.

It was my impression that SIRIUS could not issue new shares. And then there is the chicken and the egg issue. Liberty is promised 40% of common. If SIRIUS issues 1,000,000,000 new shares 400,000,000 would go to Liberty. Or was Liberty only promised 40% at the time of the deal? And since Liberty is allowed to own 49.9% they could buy half the new shares.

SIRIUS BOD cannot do anything without Liberty because Liberty is ON the SIRIUS BOD (they could fill those 3 unfilled seat and veto any deal)

Clarifying Sirius Ambiguities over Liberty Shares

Hi, Liberty did not promise to never aquire more then 49.9% of common.
They are not allowed to exceed 49.9% for 3 years.

Sirius: Lessons in Manipulation, Part II

The main point about wash sales is you won't get to claim the loss unless the 61 day period is up or the SP goes up to where you sell the replacement shares at a profit. (Then you get the deduction for shares sold at loss)

example
buy 100@1.00
sell 100@.75 (loss=25.00)
buy 150@.50
sell 150@.25 (another loss=37.50)
buy 375@.10
sell 375@.20 (plus 37.50 but it is subtracted from previous wash loss of 52.5 that you could not claim before you sold. Remember you can't claim a loss on stock before you sell it and if you rebuy it is like you never sold it.


Make sense?
It's all legal you gain no benifit from this except YOU CAN INCREASE YOUR POSITION while a SP declines without introducing new money.

Sirius: Lessons in Manipulation, Part II

when it dawned on me SIRI was going to continue down I sold my shares at a loss. When I thought the price had hit bottom I rebought them (actually I was able to buy more shares with the same money)
I actually repeated this process several times before the price finally began the .11 to .14 cycles in Dec where I could sell for a gain and buy back in later at the lower price.
Since the SP kept falling even though I was doing wash sales the only change was I was adding shares each time. (I sold the shares I bought at .60 at .28 and bought twice as many at .14)
All this lowered my average per share. When I finally started selling at a postive the old wash loss was subtracted from my profit. (even though I sold shares bought at .10 for .17 the record still knew the .10's were bought after selling at a loss)

Sirius: Lessons in Manipulation, Part II

Hi, A wash sale is when you sell shares at a loss and then turn around and buy them back. You can't claim the loss now.

The wash sale period for any sale at a loss consists of 61 days: the day of the sale, the 30 days before the sale and the 30 days after the sale. (These are calendar days, not trading days. Count carefully!) If you want to claim your loss as a deduction, you need to avoid purchasing the same stock during the wash sale period.

RBC, Barclays Weigh In on Sirius

considering the complete collapse of the markets recently SIRI is holding up pretty well. Of course it's collapse occured while rest of market was in a rally.

RBC, Barclays Weigh In on Sirius

Hi, What are you folks showing for todays low? I have 1 share at .11 for low

RBC, Barclays Weigh In on Sirius

(I hate my computer curser always bounces around)
current shares were added in this manner.

RBC, Barclays Weigh In on Sirius

Hi, That has been my plan since Dec. I do add new money from time to time but my main goal is to sell when up and rebuy when it goes back down increasing my total holdings. About 1/3 of my curren


On Feb 21 11:59 AM sl62 wrote:

> Also about yesterdays day trade scenario...anyone with a trading
> account can make 3 day trades (round trips) per week without violating
> the SEC rule. The 4th one could trigger a freeze to your account.
> Certainly the 5th will if you're given a grace on 4 by your broker.
> If you keep a $25K balance, you are unlimited (by SEC rule). But
> as said yesterday..MM's will give good intraday takedown opps on
> this stock at least 3 out of 5 days. So with the right strategy,
> share blocks, and timing, money can definitely be siphoned from Mel's
> coffers while we wait for our next trip under the bus..Not telling
> anyone their business or how to do it, just mentioning the options....
>

RBC, Barclays Weigh In on Sirius

Here is The newest spin "People want Sirius because of it's 6 billion in debt can be used as a tax write off' (the 6 billion is their number not mine)(what about the 5 billion off good will?)
But would'nt Sirius need to pay off debt before it could be used as a tax loss?

RBC, Barclays Weigh In on Sirius

ok up .003 for the day, see you all on monday.

RBC, Barclays Weigh In on Sirius

SIRI has trade over 38 million shares for a .0028 change

RBC, Barclays Weigh In on Sirius

BOA is up.92 since lunch

RBC, Barclays Weigh In on Sirius

well here is my new take. The MM knew everyone would be glued to the ticker on the 17th so they have kept SP flat and low. Once they feel people have fell asleep they will rocket the price up. So stay glued to your computers I thin....zzzzzzzzzzzzzz...

RBC, Barclays Weigh In on Sirius

well 1 hour till close and then I can forget about it for a few days.