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Nothing in the email reply...thought they would at least give a small timeframe tidbit:
Thank you for your email. As you are aware from our previous press releases, we have many irons in the fire and are working hard to move the company forward. We will be announcing updates as developments unfold. As you said in your email we cannot say when news will be coming out. All we can say is that we will make announcements as developments warrant.
Thank you for all of your support.
I emailed the company with a request for timeline on some news/update on the Concorde Dome Project and audit. If I hear anything at all, I will post
Big news is needed.....but I am unsure of it arriving this week. The company had been good about giving updates fairly regulary, however, nothing as of yet. Has anyone tried to call the company to get an update on the audit or some sort of timeline of it's relaease....they owe us that much at least.
Today would have been a great day to buy another traunch at .95. Average your total price down and what for the jump prior to 2Qtr earnings release.
Patience is the key....the price will climb again....just need to be ready.
That is fine, however, what we need is the info from the audit report. Investors need to know what the company is worth and future growth/income. Once that news hits with some pumps on other boards, volume willl really soar, along with the pps.
I have no doubt the news will be very positive and this company has a good future.
Agree on this stock hitting 52-week high a few more times this year based on what you said. I listen to Stern every morning since joining SIRI 3 yrs ago. It is my opinion only, but his shows have improved significatly since being on SIRI. This is based on listening to past broadcasts during his vacation period. He loves what he does and is a master at reading the general public.
I doubt he will retire....I think he is just trying to leverage his contract. I think we will see a smaller contract with reduced hours for maybe 2 yrs, giving him time to branch into another medium. You have to understand that he decision not only affects him, but his entire staff. He has a lot of people along with their families who are dependant on this contract. He cares a lot for these folks, and I doubt he would have waited this long to announce anything unless he knew that they would not be required to submit new application for work.
I keep adding to my position at the .015 - .016 range. I keep a core and sell a percentage every time it jumps up towards .025 - .03. Which seems to be happening consistantly.
Even if a buyout rumor would be true...the cost per share would be much closer to $2.00 or more...not $1.25 based on capitialization.
However, I expect a bounce on the price this afternoon once the cars sales data is released. Already added to my position for the run-up to 2Q results.
That is fine...I do not really care to tell you the truth. Positive quarterly earnings will have a much greater impact, especially over the next year. Mark that post!
I disagree...I think SIRI is a very competive company that has taken steps to keep pace with growing tech trends and well as revise/re-fresh it media content to meet current customer needs.
How many companies have the forecast sales growth of SIRI.
I agree a stock buy back program would be extremly benificial, however, saying it would need to occur for this company to be competive is a false statement. I think you need to weigh in forecast sales growth as well as other factors before bashing this company.
That is fine and dandy...however...I would really like to see a PR soon stating that fact. Expectations are one thing....achieving them is another. If accomplished and PR'd...I would expect the pps to jump quickly IMO.
If the broader market recovers over the next few days, why do you think the price of SIRI will drop below .90 when it has shown very strong support at the $1 mark over the last month.
Do you know something that we do not? Is the market going to crash? Is something going to be announced about SIRI to drop the price for some reason?
Justify why you think the price is going to drop so much despite the strong underlying fundamentals of this stock. Chart does not support either.
Everyone is selling to drive the price down. MMs know that a steady climb will occurr as we get closer to 2Q earnings PR. So, they are going to drive the price down to cover and pick up shares of folks who are not long and scared. Then they are going to make millions again....rinse and repeat after the 2Q results....it is a no win for the longs for a long time...
I think a lot of people are too negative as well. The PRs have been relativly strong...on thing is that people want to know where the company actually stands financially IAW the dome project and the outcome of the settlement.
My gut feeling is that once the numbers (from the audit) start to rolling in, I think the PPS will rise signifcantly, maybe not another MILL, but a good rise none the less.
Same, but set my price for 1.16.....will re-enter after 1 July
When are we selling....I would say adjust your position. The long term gain on SIRI is significant. I would hold a core position long term and make smaller adjustments based on the RR and upcoming 2Q results....Upside potential is much greater than the downside, especially long term.
Either way, I think that if you wait until Monday morning for some huge spike, you are going to be disapointed....IMO
I am not a pro, however, so I have come to listen to those who have a lot of experience in this relm. Many of which, like myself, have held this stock for a while, and all agree on the same thing. None of them say to wait until Monday to trade.
If anything, set up a trade on close order per Mr. Mathews advice. Or, go on the Seeking Alpha blog and ask him yourself how to best trade this stock. He will give you a straight answer.
If you wait until the 28th, you maybe too late. Most who are truly not longs will most likely sell on the 25th per the RR models. From Monday on, you will most likely see a decline in the pps...that is the time to buy back in and wait for 2Q results.
Does anyone really care what Cramer has to say about stocks...his show is about hype and how to manipulate the public for his GS buddies....he is not your friend and he is certainly not looking out for your interests
LOL.....no, if I was, i would be spending most of my time and some country club spending money I have made off the fear of the general public.
Me, just another career military person trying to learn something new for the future. Seems that some of the best advice I have heard on many boards to include the SHO chat room is to never stay in pennies more than two days or you become a bag holder. Which I have to say has proven true about 95% of the time....
I have lost my share on this one, however, I did add to my position at .005. If they can put out a good PR, then it will be worth it....just like playing poker..
I have only been in this stock for a little while. Still down, however, i keep adding shares when it hits .02 or lower. I see a lot of potential, especially if they can PR some good news on expected profits (Good facual numbers on production).
I am usually never long on penny stocks, however, I do not view this company as many others I have traded or feel a scam here like ACLH. JIMO....but I think we are all going to fine on this one.
You are right...we need a PR on tangible oil production figures/finacial estimates. They should at least be able to estimate the amount of oil under the ground in that sector as well.
What is next for this stock...been sideways for a few days now. I we expecting some good news or is the floor going to drop beneath us on this one.
I did hear the Share Mtg went fairly well with some good info on their drugs progressing further for testing....anything really to look forward to on this one?
You are right, the PR's have been positive, however, I think what people want it an accurate evaluation of assets and forecasted income. Saying we expect to make tens of millions is kind of vague. Would also be nice to hear what they received in the settlement and how they plan to invest the money within the company.
Picked up more shares at the closing as well for .021. I am not worried about this company making money. Just a feeling that a lot of people who sold over the past few days for a loss are going to be very upset with themselves.
I think it will stablize much faster than you think. More info on the way this week. Upside potential is very strong. Many folks trading on emotion and charts. This is a buy and hold company.