Greedy Pigs Get Slaughtered
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Well funny you ask. I went from the main market back into the pink's and OTC BB stocks. I have had bad luck for a while, so I decided to go back into the penny world. I'll admit that I suffered losses from the sub-prime mess. Anyways, I missed the high risk high reward, and the thrill of doubling or quadrupling my money in a day.
Thank for the invite, I will check it out. I've been watching it since .0001.
Justice Dept approves XM-Sirius deal
49 minutes ago
WASHINGTON - The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers.
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The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
The buyout received shareholder approval in November. The companies said the merger will save hundreds of millions of dollars in operating costs — savings that will ultimately benefit their customers.
The Justice Department, in a lengthy news release explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment.
"The likely evolution of technology in the future, including the expected introduction in the next several years of mobile broadband Internet devices, made it even more unlikely that the transaction would harm consumers in the longer term," the Justice Department said. "Accordingly, the division has closed its investigation of the proposed merger."
XM Satellite shares rose $1.97, or 16.5 percent, to $13.90 in afternoon trading after the government's announcement while Sirius shares rose 28 cents, or almost 10 percent, to $3.18.
Justice Dept approves XM-Sirius deal
49 minutes ago
WASHINGTON - The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers.
ADVERTISEMENT
The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
The buyout received shareholder approval in November. The companies said the merger will save hundreds of millions of dollars in operating costs — savings that will ultimately benefit their customers.
The Justice Department, in a lengthy news release explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment.
"The likely evolution of technology in the future, including the expected introduction in the next several years of mobile broadband Internet devices, made it even more unlikely that the transaction would harm consumers in the longer term," the Justice Department said. "Accordingly, the division has closed its investigation of the proposed merger."
XM Satellite shares rose $1.97, or 16.5 percent, to $13.90 in afternoon trading after the government's announcement while Sirius shares rose 28 cents, or almost 10 percent, to $3.18.
Looks like we closed down 1bm at market close. hopefully we get some after hours bm's.
This is looking like crap. I decided to not buy, thank god. I'll try and get some fresh possible plays up tonight. I've been busy lately.
I am looking at HCPC .0003's
I will be buying RVGD at .0016 but if breaks below .0015 , I am out. I would screen shot my L2 to show you the large support at .0015. I can't risk getting in trouble for doing that.
L2 looking thin, .0003 may be a buying opportunity.
SIRI, I knew something was going on today! Posted at $3 in the morning.
Do you guys want me to only post penny stocks?
LTDI added to info box
Buying PRMO .0004
2mm's on the bid now
u lucky buyers at .0002's, wish I waited.
The chart looks good. Problem is that the volume is very low. Since it is a really low volume mover, it makes it volatile. Trade with caution, .005 seems like resistance imo.
XM-Sirius hopes rise , watch for SIRI/xm deal to go
By Scott Moritz
How do you combine satellite radio’s Boardwalk and Park Place and not create a monopoly? You write some game rules that let others play along.
That’s what at least one analyst thinks is happening with the proposed merger of the XM (XMSR) and Sirius (SIRI) satellite radio services, which has been dead in the water for months. As the one-year anniversary of when it was first filed with the FCC approaches Saturday, the agency is signaling that it’s about to do something - finally.
The evidence: FCC chief Kevin Martin said on Thursday that his staff is writing proposals for a possible decision on the deal. Though he did not indicate which way the agency was leaning, he suggested that the drafts included conditions upon which the deal would be approved, according to a Reuters report. Stifel Nicolaus analyst and former regulator Blair Levin predicted in a research note Thursday that the FCC might force XM and Sirius to rent access to their broadcast networks to other companies. The two Democrats on the Commission have opposed the idea of handing sole control of the satellite radio waves to one company. But they “could be persuaded to vote for the deal if a leased-access condition were included,” Levin wrote.
Shares of the pay radio duo rose in after-hours trading Thursday (the market is closed for Good Friday). XM shares jumped 6% and Sirius rose nearly 8%.
It has been widely thought that the only way the monopoly-making deal could be approved is if there were several conditions attached to appease critics’ fears that subscription prices would rise and innovation could suffer. Forcing XM and Sirius to share the airwaves with competitors would address the problem, but that approach with the phone monopolies in the late 90s was largely a failure. Antitrust experts say it appears the Justice Department, which must also approve the deal, may be about to sign off too.
If so, it would be a surprising turnaround for XM and Sirius. From the get-go, the deal between the only two satellite radio shops appeared doomed in large part because the terms of their original airwave licenses prohibited the combination. But early on, Sirius CEO Mel Karmazin proposed new pricing plans that would give users a choice of channels from both companies. The move helped ease the FCC’s burden to prove that it wasn’t necessarily a harmful hookup for consumers. And with both companies coming to the end of a rapid subscriber growth streak and still losing money by the millions each quarter, there’s reason to think the regulators want to avoid a bankruptcy scenario.
Stay tuned, as they say.
Check out the group I made. I have always been part of the Golden Lounge group by watching it. I have them in my list of favorites in the info box. My group tends to post stocks that may have gone un-noticed in the larger groups. I've had a good share of recent calls that turned out well. Please check it out, Thank You and Happy Easter!
http://investorshub.advfn.com/boards/board.asp?board_id=11868
Weekend Scans
Here some to look at. I had a list of 1000+ stocks, so I narrowed it down.
ERHE
HCPC
LLEG
MONA
NUBV
COT
RTGV
ALJ
DKAM
SPKL
NMKT*
XNN
SCA
IAHL*
PBLS
PRMO
SWVC
TCLT
LCC
FLIP
QEDC
NBF
MF
VM*
NCC
PHGI
SYDI
BDRR
LMC
That should of helped it go up, maybe more on Monday. =]
You should look into Forex then. I know I'm going to.
Yep, I had that in my morning scan up 3 days in a row and still showing strength. Just coming out of oversold conditions. Watch for any signs of slowing of down because its been downgraded by Lehman and UBS.
HCPC Video from Clay Trader.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=27814892&txt2find=hcpc
Lots of volume coming back into RTGV. Something up?
I am going to frame this until we hit #1
# 2 on the BREAKOUT BOARDS!
NMKT will do good next week imo. We closed HOD =]
Nope, I just played the hype. I think I made enough on it. After all, I bought .0004's.
SQUM looking good after my first call
In HCPC .0003
.15 is going to go.
They just need to break down that .15 wall
I was in .0005 then out .0004, now I want in, LOL. I'm out of the penny world for 1 year then come back, and almost forget how to play the game.
TCLT is moving, can't believe I listened to a fekin basher and sold. Just a reminder, don't take things serious on Ihub groups. Too many bashers.
Looks like I was wrong. I listen to the dam crowd on that one. should of went with my instinct.
QDEL still looking strong
Ok, I am taking off for the weekend. Have a great Easter everyone!
I'll stop by and post when I get near a computer.
It would be amazing if we can break past .0021. The HOD was .0023 but the bid never went over .002.