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SNDK looking perky here. News?
It's risen to 3.24 in the AH -a good sign for tomorrow...
It's the time to buy...finally...when it's on the way up. Tomorrow will be interesting.
Looking at my Schwab acct., it shows that 3.89 was hit today. Maybe we'll get another spike at the end of the day.
SIRI to hit 3 again today?
Somethin's a-cookin'!
so when might we head up back over 3 bucks? what a wait for this thing!!
Today was that "What a country" sort of day!
Thanks for remembering!!
Can you imagine all of the posts Zeev would have given us on a day like today? What was it he used to say? What a world?!! Something like that... I miss his posts.
i was hoping for today (but then i think that every day!)
We just thought the world of your dad. He was an amazing cyber-space friend and we appreciated his postings and generosity in providing us incite into market movements. Zeev's Turnip Patch will live on in his memory. He was a gem...
My best to all of you -
Nancie
I agree! Don't change a thing! Zeev - we'll miss ya!
any chance siri will hit 3 today?
thanks golf nut. i'm concerned that we haven't heard from him in so long. if you're reading this, all my best to you zeev. as my fifth graders would say, you're "the bomb"! we miss ya!!
Press Release Source: SIRIUS Satellite Radio
Karmazin to Keynote at the Bear Stearns 21st Annual Media Conference
Tuesday March 4, 5:34 pm ET
NEW YORK, March 4 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio (Nasdaq: SIRI - News) today announced that Mel Karmazin, its Chief Executive Officer, is expected to keynote at the Bear Stearns 21st Annual Media Conference in Palm Beach, FL on Wednesday, March 12, 2008 at approximately 9:20 am ET.
http://biz.yahoo.com/prnews/080304/nytu137.html?.v=101
I'm liking those TASR shares I bought yesterday! Anyone buying ahead of earnings?
NVEC - if it hits 30 it's going to rocket....jmho
Zeev,
This is just terrific news and thanks for informing us here on ihub. You must have felt all the good vibes swirling out there in cyberspace! All the best!
Nancie
running hard, but down. looks like really bad news - or is it?
lol - Please!!!!!
XM (XMSR - Cramer's Take - Stockpickr - Rating) and Sirius (SIRI - Cramer's Take - Stockpickr - Rating) climbed Wednesday on speculation that U.S. regulators are very close to granting approval to the merger of the two satellite radio broadcasters.
According to a headline on Briefing.com, the buzz suggested that the Justice Department and the Federal Communications Commission could have a decision tonight. The Web site didn't list any sources for the rumor.
Some merger watchers remain skeptical.
"We do not anticipate a decision tonight or in the immediate future," says David Trout of M&A Researcher. Trout was among the first deal watchers to point out that the regulators were in no hurry to start the needed merger review last year.
The proposed $4.6 billion deal is awaiting regulatory approval from antitrust lawyers at the Justice Department, as well as from consumer advocates at the Federal Communications Commission.
Observers say the highest hurdle for approval is convincing antitrust officials that satellite radio faces formidable competition from conventional radio and new devices like Apple's iPod.
Company representatives declined to comment on the speculation.
Sirius shares were adding 13 cents to $2.78 and XM was up 41 cents to $11, bucking a selloff in the tech sector Wednesday.
Boy-Howdy!!
Any opinions as to the chance SIRI hits 3.00 this week?
Because there is the belief there will be no cut until the planned meeting next week, I feel they will make a move tomorrow. Contrary, I know, but America needs to save the day. We need to do something right - in the world!! It's been so long.....if you know what I mean.
Is there anything that could stop the fall before the fall? Anything before the bell? During the day?
Isn't Ben supposed to swoop down and save the day....today? Geez.
Thanks Op
I think you must have worked for this company or your uncle's cousin's sister twice removed does! Since I sold most of my Q, it might be time to buy some back.
again, thanks -
n
hey op
QLGC reports next week........your opinion??
SNDK oversold - IMO
I'm thinking a surprise announcement soon. It's the lack of news that makes me think something is up - or not! Maybe I'm just hopeful for good news today. The FED is unable to surprise us, so maybe SIRI/XMSR will...
i have no idea!
fed cut before the bell??
Fed to the Rescue?
Q&A with Jay Matulich, Septos Capital Management
What a tough market of late. Thoughts?
This has been quite a traumatic experience for investors since the last week of December. Just before New Year's and then rolling into the new year, we've had a number of triple-digit down days and a couple of up-days with lethargic volume on the upside. It is definitely trying investors' patience, but there is a lot of uncertainty in the marketplace with a number of issues. The sub-prime mess is looking to leak down into the derivatives market with these credit default swaps. Investors are wondering in the counterparty trades if the counterparties are going to be able to make good on these payments. They wondering in financial stocks if there's more carnage to come. And now you've got the high-end consumer companies with earnings coming out that are not meeting expectations. That's following what happened to the traditional retail stocks over the last six months. So, you've got bad sentiment out there for owning shares, and the market just cannot get any momentum going to the upside. It just seems like there's constant selling coming in, which has a lot to do with these quant funds, which quite frankly are backward looking. Once their models say to sell, they sell.
Are we near a climactic bottom?
I think we could get that tomorrow. Intel (INTC) just reported a miss on their earnings and light guidance on their revenues. That means their gross margins are probably down. The stock is off in the aftermarket right now upwards of 15%. All of the ETFs -- the SPDRs (SPY), the Q's (QQQQ), and the Russell 2000 (TWM) -- are all off significantly, so we could open down 200-400 points tomorrow, and that may get us to some type of bottom.
Today the TRIN indicator, which detects overbought and oversold levels of the market, closed out at over 4.3, which is super high, and we're going to get that easily, I believe, at the opening tomorrow morning. It could be a brutal opening. The question is: Do we crash from there? I think that's a legitimate question to ask yourself. With the momentum that's been in the market over the last 2 1/2 years, is there a possibility that we crash tomorrow? One thing I'll be watching for is the market going up on bad news rather than everybody waiting for good news for it to go up. That's the wrong recipe. I think we do need more bad news to see how the market reacts. If it reacts favorably, then we could be in for a rally. I do think we're in for a rally, and I do think it goes into March. Right now it's a question of when.
Could the Fed take action?
Yes, I think it may tomorrow. If the Fed is going to cut ahead of the Jan 31 scheduled meeting, I believe that they'll act tomorrow. Cut the discount rate and the Fed funds rate. I just think that the market anxiety and panic could possibly dictate that. It would be before the market opens.
So you see the market crashing unless the Fed acts prior to opening?
That's right.
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What industries would you be focusing on for a snapback?
I've been picking away at the financials based on the premise that the Fed has engineered the most important rate in the world -- LIBOR -- off its highs of a month ago. LIBOR, the most common of benchmark interest rate indexes, has been coming down, and in addition the TED spread -- the T-bill to the Euro dollar spread -- has been backing down. That affects the financing cost on over $125 trillion of derivatives. When that comes down, that helps out substantially. I have seen it moving down, which to me means it's time to pick away at some of the financials. We've got total institutional cash to market value now -- levels we haven't seen since the bottom in 2003. Last week and even today the markets had these three-digit declines, yet up-to-down breadth has been a little bit better than earlier in the year, which in this year is pretty early, but it has been better. So I just think we may get a big washout tomorrow.
I'm interested in seeing if we do rally, to see how much we do rally, to see if this is really the first leg down in a bear market. We had a Dow Theory sell signal which we talked about on these pages in October, where the market would have topped out in July. So it's been about six months, and we should have a reaction low around here. I've been looking for it for the last week, and then a reaction high to see how far we get up on the S&P and Dow and then what type of correction we get off of that rally. If it doesn't hold, then I think you can be rest assured we're in for a tough market over the next few years.
Defensively do you go with gold at this point, or is it just too high?
I don't know if gold is too high. It took gold took 35 years to get over its previous high at 850, so there's probably a lot of pent-up energy and momentum in it. But in this type of market over the last 2 1/2 years, all asset classes were traveling together in the same direction, and if this is really a bear market then all assets will get taken out one way or the other. So I'm not real keen on gold in here, to tell you the truth.
Any commodities you like at all?
None. I think the grains, soybeans, and those types of commodities are way overbought. I think March comes out with some sobering information about crop plantings and that type of thing, which I think are going to be up substantially. And again if this is a real bear market, there's only one place to go and that's into cash.
So you're looking for a long trade on this next rally, and then maybe invest in some short ETFs and keep in cash?
Yes. Look and see if this bounce is playable, and then see how durable the bounce is. If it's not too durable, then you may want to go to cash or do some shorting, although there's been just a tremendous amount of shorting and selling in here over the last month. Like I said, I don't think I'd be doing it in here, but I might if I don't think the durability of a rally that we get is going to be worthwhile.
Jay Matulich is principal of Los Angeles-based Septos Capital Management. To contact Jay with questions or comments, please email info@advicetrade.com.
© 2007, Weekly Wizards, a publication of AdviceTrade, Inc. (www.advicetrade.com). View the html version of this report at http://www.advicetrade.com/Wizards/.
Does it seem that we are on the verge of some news? Usually there is some sort of SIRI news, minor as it may be, just about every day. And now it may even tick up positive...
http://www.thestreet.com/video/index.html?clipId=10398624&channel=Market+Strategy&cm_ven=YAHOO&cm_cat=&cm_ite=
once you get past the commercial and mention of a few other stocks, the comments are positive (a buy) for SIRI.
weird that there was no news today.....
Where is the cut?! Isn't today the perfect day for the Fed to put the rate cut into effect? A little shock here would make my weekend more relaxing. Sunny and 71 degrees this weekend in San Diego.
Could long-suffering SNDK finally have their day in the sun? It's not my only green, but look-ee there - it's green!
SIRI merger
By Rick Aristotle Munarriz
January 2, 2008
Like a chimp, I don't mind going out on limbs. Like a chump, I keep doing so even when the branch cracks and I fall flat on my face. Like a champ, I'll dust myself off and get back on that limb.
Chimps? Chumps? Champs? Why don't I just stop beating around the metaphors and get into the four things that I see happening in the marketplace this year.
XM and Sirius will beat the market in 2008, deal or no deal
The deal that seemed so unlikely to receive regulatory approval is still on the table more than 10 months later. The fact that it hasn't been shot down is a good thing, with every passing month making it more likely to get approval, as regulators will be criticized for not killing the merger earlier if they lean strictly on the language of the original creation of the two satellite radio operators.
You also have the thinning crowd of objectors. Consumers want a combination because XM (Nasdaq: XMSR) and Sirius (Nasdaq: SIRI) have committed to lower prices for new scaled-back tiers within a year of approval. Automakers, the group that has in theory the most to lose if they are negotiating against the same company, have mostly backed the deal. All that's left is a few politicians and terrestrial radio.
I can't speak on behalf of the politicos, but what does it tell you if conventional radio's National Association of Broadcasters is the loudest critic of the deal? Do they see a merger as a competitive threat, and if so, doesn't that render the argument that this is a monopoly moot?
Let me go further than predicting the outcome of the merger. Whether or not it happens, I argue that XM and Sirius will beat the market averages this year. Shares of both XM and Sirius were slammed in 2007, even with the deal announcement. The market has not only devalued the substantial synergies of a merger, but failed to account for a pair of companies that continue to grow as standalone operators. With more than 16 million subscribers and taking baby steps toward positive cash flow, maybe axing the merger would be the best in terms of starting to view these companies as growth vehicles and not broadcasters mired in FTC regulatory tape.
http://www.fool.com/investing/general/2008/01/02/4-predictions-for-2008.aspx
SNDK held up fairly well in today's downturn.