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This recent development is following Cramers outline of how to manipulate a stock....to the letter.
Going down as fast as it went up. Someone did not want this to make it 10 days. That's all the3re is to it.
A few days of SIRI short history:
Date|Symbol|ShortVolume|TotalVolume|Market
20100225|SIRI|26539269|65566826|Q
20100224|SIRI|15566930|42605890|Q
20100223|SIRI|18518414|56678117|Q
20100222|SIRI|19702693|52236972|Q
20100219|SIRI|35829904|79435545|Q
20100218|SIRI|53968300|128666235|Q
imho a dangerous undertaking.
S & P raises target price to $1.50:
S&P KEEPS HOLD OPINION ON SHARES OF SIRIUS XM RADIO
(Standard & Poor's)
Q4 breakeven EPS, vs. $0.08 loss, $0.02 above S&P estimate. We think key metrics showed improvements, in line with preannouncement. But while auto OEMs should sustain '10 rebound, we see challenges for anemic retail channel (even with used car segment). SIRI sees implied 7% '10 revenue growth, over 500,000 net adds, 2% adjusted EBITDA growth, positive free cash. CEO Karmazin on call offered no new details on Howard Stern's contract issue, likely factoring in L/T targets. Absent near-term financing overhang, we raise our target price by $0.50 to $1.50, on EV/EBITDA, EV/Sales.
http://research.tdameritrade.com/public/markets/news/story.asp?docKey=7397-umsactI4201002250943-1&clauses=
the jobs report was a blind side. SIRI would be up more if not for the dow plunge. I expect more upgrades to come from this report. No -.02 loss, .00, this is another milestone. Liberty report yet to come.
sahd3g, where did you get that number?
Outstanding shares are 3,858.7M, not 6 billion
Pulled this off of another board:
Posted on February 24, 2010 Over the past year, Sirius XM Radio (Nasdaq: SIRI) investors have become a bit more sophisticated, perhaps to their own detriment. The trouble with Sirius XM is that its common stock has never traded on valuation. There seems to be an attitude towards Sirius XM by some that suggest the share price may have topped out in recent days.
Just two years ago both Sirius and XM were hemorrhaging cash. Neither company could imagine a day when it reported positive free cash flow nor EBITDA, and both companies stood before an ominous mountain of near term debt. Price targets that were suggested at the time for Sirius alone were published anywhere from $5.00 per share to $6.50 by analysts such as Tony Wible of Citigroup (NYSE: C) or Jessica Reif Cohen of Merrill Lynch (NYSE: BAC), as it traded in the three to four dollar range. While both Sirius and XM were deep in the red, the market valued Sirius and XM at roughly $6 Billion each. A $12 Billion merger of equals ensued.
As we fast forward to today, there is a sudden “concern” over valuation as Sirius XM shares hover just above the $1.00 mark, and its fully diluted market cap of about $7 Billion. This is absurd in light of the fact that Sirius XM Radio is now the only provider of Satellite Radio in the United States. A look at the company’s well improved balance sheet and fundamental projections makes it even more absurd.
Recent trading activity confirms that the “smart money” is not buying into the valuation argument. Sirius XM’s large trading volume indicates that heavy institutional accumulation is occurring on a daily basis. Smart money seems to believe that $1.10 is a fantastic entry point into Sirius XM. Suddenly, the market has immense faith in Sirius XM’s ability to deliver positive earnings and free cash flow, well into the future. Putting a valuation on Sirius XM has always been an exercise in futility…
I think by "refinancing more debt" he is talking about buying down the interest rate?
This is a good read on Sirius:
http://www.kingofalltrades.com/2010/02/24/1691.html
We could break the Naz record volume siri broke once already - today.
Nil may have discovered a rare albeit tenuous link to "the black".
And it certainly was an excellent find. Thanks Nil!!
What a long strange trip its been.
As longs knew this day would come so to will $2, $3 $4 and beyond. Just takes time.
lol, somebody had to say it.
Sanswire Corp. Appoints Major General Wayne P. Jackson, U.S. Army, Retired, Chairman Of The Board >SNSR
Last update: 2/12/2010 2:33:42 PM
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400)
February 12, 2010 14:33 ET (19:33 GMT)
Sanswire Corp. Appoints Major General Wayne P. Jackson, U.S. Army, Retired, Chairman of the Board
Current Chairman and CEO David A. Christian Resigns; Company Retains Defense Technology Expert John Robusto as Executive Advisor to Management Team and Board
marketwire
o
Buzz up! 0
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Companies:
o Sanswire Corp.
Related Quotes
Symbol Price Change
SNSR.OB 0.05 -0.01
Chart for SANSWIRE CORPORATION
{"s" : "snsr.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""}
Press Release Source: Sanswire On Friday February 12, 2010, 2:33 pm
FORT LAUDERDALE, FL--(Marketwire - 02/12/10) - Sanswire Corporation (OTC.BB:SNSR - News), which is developing and producing patented Lighter-than-Air unmanned aerial vehicles (UAVs) with the goal of providing intelligence, surveillance and reconnaissance support in various applications, today announced the appointment of Major General Wayne P. Jackson, U.S. Army, Retired, as Chairman of the Board. This announcement follows the resignation of decorated Vietnam veteran David A. Christian, U.S. Army, Retired, as Sanswire's CEO and Chairman for personal and health reasons. The company has refocused its efforts and has retained John Robusto, a decorated defense and reconnaissance expert with more than 30 years of experience, as the executive expert advisor to assist management and the Board in immediately implementing strategic defense initiatives. Under the guidance, expertise and assistance of Mr. Robusto, a retired career member of the U.S. Senior Executive Service and Harvard Business School alumnus, Sanswire's executive management team will function as Interim CEO as the Board conducts a search for a permanent CEO. In addition, William J. Hotz has chosen to resign from the Board, and Chief Financial Officer Thomas Seifert will take his seat as the company attracts additional independent directors.
Capt. Christian stated, "I am proud to have had the opportunity to introduce Sanswire technology to the attention of the President, the U.S. Senate and leaders of the Pentagon, and I wholly endorse the appointment of General Jackson and Mr. Robusto and hope to advise them when appropriate as the company furthers its business plan."
General Jackson said, "I am pleased and honored to Chair the Board of Sanswire and am confident in the ability of John Robusto and our executive management team to focus the company toward the goal of producing long-dwell persistent surveillance platforms. Sanswire is grateful for Captain Christian's dedication and hard work, which has laid the foundation for the company's first commercial unmanned airship, the STS-111. I also believe that the advice, guidance, and work John Robusto will provide to the management team will greatly assist Sanswire in executing our goals to provide industry-leading technologies to the marketplace."
Mr. Robusto's three decades of defense expertise includes 10 years of service in the Senior Executive Service ranks. Mr. Robusto served in executive assignments with the U.S. Marines and U.S. Navy. Senior Executive Service members serve in key positions just below the top Presidential appointees, which operate and oversee nearly every government activity in approximately 75 Federal agencies.
Mr. Robusto served as a senior executive responsible for aviation technology and innovation. He had oversight over hundreds of millions of dollars in technology investment. He is an inventor, and expert in surveillance, reconnaissance and software engineering with substantial experience in Unmanned Aerial Vehicles (UAV) including heavier and Lighter-than-Air (LTA) technologies.
Obviously a short who bought shares for the explicit purpose of painting the tape at the low. Wonder who that could be? LOL
Those that are accumulating LOVE IT!!
"Point out the progress and how it has let the investors of SNSR profit".
I don't need to read any further, you just reinforced what I pointed out.
IT'S A FREAKING R & D COMPANY!! REVENUES COME AFTER DEVELOPMENT REACHES A POINT A SALE IS MADE!!!
You people are SO misleading!!
I'm outta here!
Anybody else besides me think we are going to at least spike to $2 by August?
There's the dig we were expecting.
No disagreement here. down is down.
I verify what Jato has described.
TDA is currently .0615/.065, they sometimes do a .01 to .07 as this morning.
Seems to me Ihub does not know their own set up.
It clearly lists a buy, sell and ? column. when the buy column has entries like today they show up on my screen in green, sells show up as red and ? show up as black. today the buy column is loaded with buy trades and the buy indicator color column is green.
Is that what you see when you bring up trades?
No idea what those would be Pagan, I've never seen blue in the band. It would be great to have a different source of buys and sells for comparison and validation if anybody knows of one a heads up would be appreciated.
If there were any sells, (at least according to Ihub), there would be a red bar next to the green one and the sells would be listed in the sell column. Undetermined trades would be in black.
http://ih.advfn.com/p.php?pid=trades&btn=next&ihsymbol=&ihpagelist=Quote&newTradesSymbol=SNSR&minimise=&next=Later%C2%A0%3E%3E&symbol=gtem
the gap is filled.
The street.com did a 180, will Cramer issue a buy on his show now?
(I feel dirty even typing his name).
I might have to toast this day and I don't even drink. $1 soon is not going to be denied.
pushing against .81, who would of thought?
RS? We don neeed no stinkin RS. (In my best John Belushi fake Mexican accent).
92 million shares and streaking upward. this is starting to look like the old days.
are we having fun yet?
woohoo!
Sanswire trades today are all BUYS, 476,438 shares so far, according to IHUB: http://ih.advfn.com/p.php?pid=trades&symbol=SNSR
I'm "deluded" for not going along with your far fetched opinion expressed as fact without any backup? Once again, you have no idea what he has delivered or not. I think you are the one who has delivered nothing.....except **.
Gotcha, you have no idea what DC has, does or will do.
Your disparaging remarks about others, made on this board, are nice and safe since others cannot make disparaging remarks about you.
Cygy, how far and how much can you see from the outside? You are not even attempting to look within as evidenced by your statements.
"They have made NO attempt as all can see"
both the corporate share and personal share payroll taxes are paid with the same 941 deposit. the two are not distinguished from each other on paying. I could be wrong but believe any payment is applied to the total owed.
As long as a company or individual are working with the IRS and making some sort of payment plan or strategy with them they are usually satisfied and easy to get along with. Buck them too hard and they can and do get very nasty.
Info gleaned from several friends and acquaintances with both corporate and personal tax problems through the years.
yup, solid red, even though some trades went through at .088.
There are also opinions that say that snsr will increase in share value by tremendous percentages.......in due time. Yes, time will tell which is correct.
Explain the day after day of either all buys or mostly buys.
This is a research and development effort. Patience grasshopper, If it works like expected they will be used as soon as they are ready to be used and very effectively.
Whoever was able to set this up with Discovery deserves a kudos. Excellent pr.
Despite the odds, this company is recovering from a disaster itself, developing a very viable product and in the near future will have it's critics humbled by successful deployment.