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Still think that was a good entry point? Opened at $5.48 and it's now at $5.32.
Im showing over 16 mil on Scottrade Act. Also about 662,000 on open sell imblanace. This is going to end up being a bad red day for all not just SIRI. EU and Asia's market is horrid, take a look.
To anyone thinking this is going to be a green market please look at EU and Asia's market. All RED, ALL DAY. Our market will trend like theres and continue red at least for today and most likely tomorrow. Good luck whomever is going in, especially in BAC. We havent seen the bottom to this story yet IMO.
Who votes that BAC will drop under $5 tomorrow or within the next 2 days? The sell volume at the end of the day was incredible. Everyone knows the open will be a lot lower than the close after today's spiral to hell.
Additionally, all four indexes hit their lowest level for the year. I believe they will all meet a new low tomorrow based on how the market performed today.
Everything tanked today, its nothing but red and decline from now until close.
Nice call, 5 min later it collapsed $0.20+
I'm glad I got out and didnt decide to hold once I bought back in. It does seem like it's going south and it's headed for disaster once it lost the $6 post. Currently trading at $5.81! You can now buy a share of BAC for less than a meal at Mc.D's haha
I will admit it's trending down, ugh, technically tanking. I sold after I rebought back in and took a small loss. I shouldnt have bought back in at the low $6. Won in the AM and lost in the PM. Not bad I suppose.
I'm not playing BAC anymore for awhile, it's all over the place.
Sold at high and bought back in at the low.
Did anyone see EK jumping 88%? Wish I grabbed it Friday!
Told you so :D
Agreed. As for the prior post: I do think SIRI will come up from where it currently is but I believe it will most likely drop lower before it reaches it's normal behavior.
I'm not sure but I got out Friday. It fell well below the $1.50 mark in the last 2 days of trading so I'm going to sit it out for awhile. The next support level is around $1.30 and it seems to just be hanging there at the $1.50 lately so I'm not going to play the chances.
Sorry for the spelling error on the previous post, it was supposed to be *money
I typed that from my Iphone and it's a little hard to write on boards with it!! Hope everyone has a great weekend.
I missed that then, thanks for pointing that out. It will still be posted in the newsfeed though, most likely on Monday. Headlines are normally delayed for a reason.
I might as well fill my cart with the spare funds I have sitting around too! Good call!
That wasn't announced on US platforms yet. It will most likely be announced Monday morning. Certain headlines are delayed for inside reasons. Next week will be a good week for BAC. Candlestick charts seem to be bullish as well.
Buffet is a good lead and him entering into another agreement and purchasing more shares is a fantastic outlook.
To americano: Nice move. I grabbed in at 6.119.
The only one left? Take a look: http://in.reuters.com/article/2011/09/30/berkshire-idINS1E78T0KL20110930 That was posted today (IST time)
Monday and the rest of next week BAC will be UP.
I hope everyone grabbed BAC at the close today or at least more shares if you were already in before! :)
Liberty has been going back and forth with buying out SIRI for what, a good year or two now? I've read so many damn articles about it, it's giving me a headache!
SIRI is all over the charts for no reason. It's still a solid company and shouldnt be scaling the grids as if it's BAC! Sorry to mention another stock on this board! :D
New article at 7:04pm.
SiriusXM Reopens Studio 54 for One Night Only
22 minutes ago - PR Newswire Europe via Comtex
PR Newswire EuropeNEW YORK, September 29, 2011 /PRNewswire/ --
- Members of the original team reunite to create unprecedented
one more night inside the legendary Studio 54
- SiriusXM celebrates the launch of Studio 54 Radio
Sirius XM Radio announced that the legendary club Studio 54 will reopen at its original location, for the first time in more than 25 years, for one night only on Tuesday, October 18.
(Logo: http://photos.prnewswire.com/prnh/20101014/NY82093LOGO )
(Logo: http://photos.prnewswire.com/prnh/20110929/NY77840LOGO )
Decades after the opening of one of the most celebrated discos in the world, SiriusXM reunites with members of the original team that worked behind the scenes at the club during its 1977-1981 heyday. They will re-create what will be billed as "One More Night" of the iconic '70s nightlife glamour inside the famed Studio 54 at 254 West 54th Street.
The hand-picked collaborators who choreographed Studio's nightly parties will create the Studio 54 experience for one more night. The team includes: Karin Bacon, Studio 54 entertainment producer; Scott Bromley, Studio 54 architect; Marc Benecke, Studio 54 doorman; Myra Scheer, assistant to former Studio 54 co-owner Steve Rubell; Chuck Garelick, Studio 54's former head of security; Scott Taylor, Studio 54's former bartender and other insiders.
On hand to capture the club's liberated atmosphere, original Studio 54 DJs Nicky Siano and Leroy Washington will play the iconic era's dance classics. Celebrity guests, some from Steve Rubell's master call list; and lucky SiriusXM listeners will be in attendance to flashback or dance for the first time in the internationally renowned club.
The evening will feature authentic, over the top details that helped define the Studio 54 experience, including the famed theatrics, backdrops, aerialist performers and dancers.
"There has been a great response to the launch of Studio 54 Radio and we want to continue that excitement with this special one-time event," said Scott Greenstein, President and Chief Content Officer, SiriusXM. "We are working with many of the members of the original team that Ian Schrager and Steve Rubell so brilliantly assembled to create one more night."
SiriusXM launched Studio 54 Radio, a 24/7 commercial-free channel devoted to the best classic dance and disco as a tribute to the music often played in the legendary club created by Steve Rubell and Ian Schrager, on August 15, 2011. The channel features music that comes from the vaults and special record collections of insiders, much of which has never been heard since the club permanently closed its doors. Studio 54 Radio also includes The Marc and Myra Show, the weekly interview series featuring Studio 54 insiders sharing many never before told personal stories and anecdotes about the renowned club.
Studio 54 Radio, channel 15, will broadcast live from the "One More Night" event at Studio 54 on Tuesday, October 18.
Studio 54 is where Roundabout Theatre Company now produces classic musical and play revivals.
For more information on SiriusXM, please visit http://www.siriusxm.com.
About Sirius XM Radio
Sirius XM Radio [http://www.siriusxm.com ] is America's satellite radio company. SiriusXM broadcasts more than 135 satellite radio channels [http://www.siriusxm.com/channellineup ] of commercial-free music [http://www.siriusxm.com/music ], and premier sports [http://www.siriusxm.com/sports ], news [http://www.siriusxm.com/news&issues ], talk, entertainment [http://www.siriusxm.com/talk&entertainment ], traffic, weather [http://www.siriusxm.com/washington-baltimore ], and data services to over 21 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.
SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones [http://www.siriusxm.com/mobile ] and mobile devices [http://shop.siriusxm.com ], and consumer electronics products for homes [http://shop.siriusxm.com ] and offices [http://shop.siriusxm.com ]. SiriusXM programming is also available at siriusxm.com [http://www.siriusxm.com/internetradio ] , and on Apple [http://www.siriusxm.com/oniphone/indexd.xmc?utm_source=ONIPHONEDIRECT&utm_medium=Other&utm_campaign=APP ] , BlackBerry [http://www.siriusxm.com/blackberry ] and Android [http://www.siriusxm.com/android/indexd.html ]-powered mobile devices.
SiriusXM has arrangements with every major automaker [http://www.siriusxm.com/vehicleavailability ] and its radio products are available for sale at shop.siriusxm.com [http://shop.siriusxm.com ] as well as retail locations nationwide.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: our competitive position versus other forms of audio and video entertainment; our ability to retain subscribers and maintain our average monthly revenue per subscriber; our dependence upon automakers and other third parties; our substantial indebtedness; and the useful life of our satellites, which, in most cases, are not insured. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2010, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site ( http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
Follow SiriusXM on Twitter [http://www.twitter.com/siriusxm ] or like the SiriusXM page on Facebook [http://www.facebook.com/siriusxm ].
P-SIRI
Contact for SiriusXM Radio:
Samantha Bowman
SiriusXM Radio
+1-212-901-6644
samantha.bowman@siriusxm.com
When there is a sudden drop that large it generally means someone unloaded an immense amount of shares so it dropped the price of shares. Someone wanted to cash out and move their money onto something else or for whatever reason they may have. It doesnt meant that the company is doing bad or something happened, it's just a large 'sell' trade that was executed. Just as if someone were to purchase a large amount of shares (larger than large I should say), then the price of shares will generally increase a good amount from one second to the next. I believe SIRI will go back up tomorrow, I wish I had extra funds laying around in my account because I would have bought more today when it dropped in the $1.50 range.
I believe there will be a bounce before another drop that substantial with the amount of volume there was in the later part of the day.
Interesting article. This could either turn out to be very advantageous or disastrous to all SIRI investors.
I do have to agree that many do not read the articles that come up while they're trading; they read the headlines and jump to conclusions. Even when reading the articles I generally read them multiple times to make sure I understand what it's saying and what perspective it's coming from. To be honest, a good portion of them aren't even anything to worry about, just hype that's trying to cause drama in the market.
SIRI held great today and was very stable in the 1.70 range. Looking good in my books. I may buy more shares depending how tomorrow goes. Have any of you been in SIRI long or just flipping the lows and highs?
If it ever goes down to $1.20, I'll go all in. I don't believe it will ever drop to that anytime soon. Charts are important but only for analysis, not to base a whole move off of. Charts may point downward or upward but if the news disagrees with the charts than honestly anything could happen. In other words, charts can only go so far.
SIRI to $1.20? Are you kidding me? I believe SIRI will rally within the next day or so. There was extrodinary volume today. I dont believe it will be falling even close to that anytime soon.
SIRI will also be introducing it's 2.0 before this year ends (I believe they are holding off to release it until the holidays which is a smart play) which will spike the shares. I've heard they will be adding many spanish/latino stations which will bring in new business. I speculate that alone will boost the shares to over $2. Mel knows what he's doing and has been running the company perfectly. SIRI has been growing slowly but very consistent. 2012 earnings projection will be strong and will guide the stock higher.
SIRI has increased from about 18 million to 21 million subscribers over the last three years which have literally been the worst 3 years in decades. SIRI has been strong and has been holding a lot better than any other company in it's genre. Just imagine when the economy starts to turn around, SIRI will sky rocket. It's a very smart hold for any investor, it will continue to climb, it may have it's small hiccups, as all companies do, but it wll stay consistent and continue to thrive in the market. Slow and steady which is the best kind of company in my book.