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ZiggyK

ZiggyK
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  • Sirius XM's $2 Billion Buyback Raises Floors And Busts Ceilings [View article]
    Good article Stephen. Do you think we may have to worry about when Liberty starts selling their shares that they are currently buying back? I wasn't sure how or when they may do so to recoup the money they will make off it. Is it possible that they may doing so already? Buying it and then selling it back at a profit and then buying it back again when the price goes down? I am curious as to when they may begin selling it and stop buying it back since if that were to happen I would think the price would begin to go down with more shares added to the float. I currently have $2 Jan calls bought and I am divided on if or when I should sell the calls or wait it out until Jan if the price will be closer to $4.25 as you and the other analysts are predicting.
    May 23 04:51 PM | Likes Like |Link to Comment
  • Sirius XM: Why I Want You To Sell Your Shares [View article]
    Just added Jan14 $2 calls at $1.12 today! Long and strong!
    Mar 28 05:10 PM | 1 Like Like |Link to Comment
  • Three members of Sirius XM Radio's (SIRI -0.6%) board resign in an unsurprising development after the company lost control of itself to Liberty Media. Leon Black, Lawrence Gilberti, and Jack Shaw stepped down to be replaced by Liberty-affiliated Mark Carleton, Robin Pringle, and Charles Tanabe. [View news story]
    Not sure what Bear is talking about. They deliver their product uninterrupted via satellite and internet, and I've never had a problem with their customer service even when I've called up to cancel my subscription every 6 months because I figured they'd cut me a deal on the price to renew which they've done 3 times so far. Sounds to me like Bear got out early or lost his shirt shorting Siri like a lot of fools did. I made about 5K off Siri this year and it has been the best stock in my portfolio and probably will continue to be. You sure your name isn't Nino?
    Jan 23 08:20 PM | Likes Like |Link to Comment
  • Sirius XM Shorts Cover 15 Million Shares [View article]
    I'll be making $660 next week if it stays above $3 because I sold 20 puts at $.33/put. Maybe I'll get even luckier and the price will dip to $2.99 just in time for the expiration and I'll get 2k shares for $2.67/share which I can hold onto until they buyback. I did close a covered Jan $3 call I had on the 2k shares I do hold but I did that back when it just got over $3 and still made $40 profit, then sold 20 Feb $3.50 calls for $.03/call but will close that if I think there is a chance of it reaching 3.50 by Feb expiration.
    Jan 10 08:29 PM | Likes Like |Link to Comment
  • Time For Sirius XM To Trade On Fundamentals [View article]
    I don't think that will matter too much since their internet based service costs only $4 more a month or you can get just the internet price if you barely drive a car or if you have unlimited data plan on your phone/tablet and prefer to use the SiriusXM app instead of getting in through your car via satellite. I've been toying with such an idea since I have an unlimited plan and would like to listen to Sirius in my house at night.
    Jan 8 07:48 PM | Likes Like |Link to Comment
  • In the wake of the recent school tragedy in Connecticut, California Treasurer Bill Lockyer is proposing that CalPERS and CalSTRS, the state's two public pension funds, divest themselves of gun makers. "I want BlackRock (BLK), I want Credit Suisse (CS), I want everyone else to know that we're going to use our economic leverage if it's up to me, and I hope other private investors will do the same thing," Lockyer says. "They (the gun-makers) ought to feel the economic consequences of their bad behavior." [View news story]
    They're hypocrites jumping on the knee jerk band wagon to try to make themselves look good to the idiots blaming society instead of the crazy individual who commited the act. They new what they were investing in when they first did so
    Dec 20 10:05 AM | 2 Likes Like |Link to Comment
  • Sirius XM's Thanksgiving Turkey Stuffed With Cash [View article]
    The only risk with that is if Siri doesn't stay above $3 on March and then skyrockets later after the March call expires. The other risk is that you get the stock from Mar call and then Siri fails to stay above $3 in July because of the economy. Chances are the 2nd scenario won't happen but the 1st scenario could, albeit the chances are probably slim. Either way it is a crap shoot since it is hard to predict what a stock will do so far in advance, especially one that is being taken over in a hostile takeover, plus 90% of options expire worthless so I'm told. If you are bullish for the future then the sound plan is to buy the stock outright and be patient, or as I just did sell a put to get it cheaper than it currently is selling for and worse case the put expires and you keep the dough given to you.
    Nov 22 09:51 AM | Likes Like |Link to Comment
  • Sirius XM: Opportunity To $3.30 [View article]
    Just sold twenty $2.50 Jan13 puts at $.13 so I can try to get in real low if congress doesn't get off their butts and if they do then I still make money and still have my stock that just got assigned this weekend from my twenty $3 Nov puts I sold at $.28 a while back. Here's to hoping congress does their job for once now that the election is over. I'm so tired of them doing jack while they posture for power!
    Nov 20 10:43 AM | Likes Like |Link to Comment
  • The period of time during which a protest against Liberty Media's (LMCA -3.2%) planned acquisition of Sirius XM Radio (SIRI -3.7%) could be filed with regulators passes with only one objection actually recorded. Barring any problems with the FCC, the long-awaited takeover could be official in a matter of weeks. With that hurdle cleared, next on tap will be finding a CEO ready to take on the next chapter of Sirius. [View news story]
    So why did Siri drop $.10 today?
    Nov 7 03:39 PM | Likes Like |Link to Comment
  • Howard Stern: Attractive At Any Price [View article]
    Hmm00,

    Stern often stretches his popularity out to make himself seem bigger than he already is. Do not believe that 60% or more subscribers are listening to him because it is a completely false statement. The largest percentage of subscribers listen to music and sports according to the numbers that were provided. I am not worried if Stern was to leave as Sirius will survive his loss and he is not about to leave until his contract is up because he would face rather large fees for breaking his contract. The author of this title seems to be a large Stern fan so he either has an axe to grind or is trying to pump up his shorts in the stock that he should be covering at this point since Sirius just posted more record breaking earnings reports today.
    Nov 1 01:11 PM | 1 Like Like |Link to Comment
  • Sirius XM Radio (SIRI) edges up 0.4% premarket after a scare Apple was entering the Internet radio scene threw shares off kilter late in the day yesterday. When push comes to shove, the report was a rehash of previous news and Sirius XM Radio is considered by a majority of analysts as well-positioned to meet the challenge. [View news story]
    That's because Apple isn't a threat to Sirius like it is to Pandora and was just a knee jerk by some.
    Oct 26 09:05 AM | 2 Likes Like |Link to Comment
  • Monday Market Movement: A Little Perspective Does Wonders [View article]
    When in doubt pull out the socialist card! As Davis just explained Obama has spent the least of any Prez in the past 40 years but you apparently are still listening to Faux news. As for more regulations, that can be a good thing since when we deregulated the financial market the banks went nuts lending money to anyone even when they knew it would never be paid back so they could still get their commission fees. Then it was hot potato with the bad mortgages until there was noone left to toss it to except the taxpayers in the form if a bailout. That too is something you fail to realize since you seem to have a problem with providing a safety net when the public needs it most, but I'm sure you have no problem with providing corporate welfare like we did with the banks and still do with oil companies. In my opinion if oil companies want to profit getting oil from countries that don't like us then they should be the ones footing the Trillion dollar bill for the wars or they should hire their own mercenaries to do it since we know there's enough out there seeing how the US used a lot of them. Otherwise the oil companies should be only drilling domestically and investing money into mass producing sustainable fuels s o the US is not sending billions abroad to countries that don't like US, rather than creating jobs and keeping the money in the US economy. Think Romney will do that? Hell Romneys ready to extend the Afghan war and probably invade Iran, neither of which the US economy can afford to do, especially since the US won't see a dime in return for doing it. Now for the record I'll be voting for Gary Johnson since I prefer a moderate over either candidates but I still would take Obama over Romney and god forbid Ryan who wants to push women's rights back to the 40's.
    Oct 23 08:26 PM | 1 Like Like |Link to Comment
  • Why Would Liberty Media Be In A Hurry To Sell Sirius XM? [View article]
    I don't see Liberty doing an RMT without some consent of all the major players who own Siri stock. Seeing how most of the stock is not in individual trader hands and is mostly in rather large corporation hands, Liberty will have a rather large lawsuit on their hands if they try to screw the Siri investors because those corporations have high priced lawyers too. Just my view on it.
    Oct 23 12:47 PM | 1 Like Like |Link to Comment
  • Mel Karmazin Completes Sirius XM Stock Sales [View article]
    "Who can deny...who can deny? It's not just a change in style...
    One step done and another begun in I wonder how many miles...
    Spent a little time in the mountain...Spent a little time on the hill...
    Things went down we don't understand..but I think in time we will."

    Grateful Dead - New Speed Boogie
    Oct 18 12:40 PM | Likes Like |Link to Comment
  • Liberty Media (LMCA) moves a step closer to full control after it converts around 6.25M shares of Sirius XM (SIRI) B-1 preferred stock, giving it 49.5% stake in SIRI. LMCA +1.2%[View news story]
    Not like those shares will be sold by Liberty so why is everybody scared and selling?
    Sep 18 08:39 AM | Likes Like |Link to Comment
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42 Comments
26 Likes