Bottom Seeker
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buckle up, buy all you can guys
Mel along with the MM's are lining their pockets, why else do you think the ceo's annual income is showing N/A, this will be a long munipulating time with siri
The future for the shareholders and the company looks very very promising..... I didn't vote for Obama, but with his energy and environmental policy, the clean air act shows promising future for Capstone
I listened to the CC, but all honest where do you guys think the thing is going in the next fews day or weeks. Bought in a $.90 and then a $.49 then at $.38, i have been working the morning open up gaps for sometimes now to accumalate more free shares, i will not be placing anymore orders to buy out of my pocket from now on.
WAIT TILL 15MINS FEFORE CLOSE N.OR S.
:) fighting stocks and hurricanes is my gama..... Good luck to you..... and watch the news with siri
i didn't expect the up gap at open today, but tormorrow might be differet... 100000 shares sold at open would of returned an free share 10000 already
Stifel’s spring is maintaining his BUY rating on Sirius XM with a price target of $1.25.
GOOD NEWS!
BMW and Sirius XM Radio Extend Relationship
http://news.morningstar.com/newsnet/ViewNews.aspx?article=/PR/20081110NY44887_univ.xml
A Sirius problem for satellite radio biz
DENVER (Billboard) - Barely three months after the long-delayed merger of satellite radio companies Sirius and XM, the newly combined Sirius XM Radio is struggling to stay afloat.
The company has just another three months to start paying down more than $1 billion in debt that's maturing in 2009 at a time when credit markets are freezing up. It remains heavily dependent on automobile sales for new subscriber additions just as U.S. car sales are tanking. And its stock price is in a yearlong free-fall that has sparked an investor lawsuit.
For the music industry, the fate of Sirius XM looms larger than before. Under a U.S. Copyright Royalty Board decision made last December, satellite radio broadcasters like Sirius XM pay performance royalties for sound recordings based on a percentage of adjusted gross revenue. That means the better Sirius XM does, the more money labels and publishers make.
That rate currently stands at 6% and is set to increase by half a percentage point every year until 2012, when it will reach 8%. Neither SoundExchange -- which collects those fees and distributes them on behalf of the music industry -- nor Sirius XM will reveal exactly how much the company is paying in royalties. According to Sirius XM's quarterly reports, the company paid out a combined $92 million in revenue-sharing and royalty payments during the first half of 2008. That includes payments to SoundExchange and other partners, like equipment suppliers.
But while the music industry is poised to collect a growing percentage of Sirius XM's revenue, that revenue is in trouble. Subscription fees account for about 95% of Sirius XM's revenue. To increase income, the company needs to add subscribers and squeeze more revenue out of existing ones. The company reported 18.6 million subscribers as of June 30, up from 15.3 million for Sirius and XM combined a year earlier.
But Wall Street is deeply pessimistic about the road ahead. On Nov. 3, Merrill Lynch analyst Jessica Reif Cohen cut her previous forecast for net subscriber additions by almost 50,000 for the third quarter to 409,000 -- which would represent a 51% smaller increase from the same period last year. She also cut her third-quarter revenue prediction for 2008 to $611 million, up from $528.8 million a year earlier but down $7 million from her previous forecast.
Slowing auto sales are driving some of the problems, since about half of Sirius XM's current subscribers -- and about 80% of new subscriber additions in the second quarter -- received satellite radios when they bought new cars.
A Sirius XM spokesman says that will be offset by an increase in the number of cars carrying its receivers as a factory-installed option. Its penetration rate among Mercedes-Benz vehicles, for example, is nearing 90%.
The company hopes to attract new subscribers by adding short-term, artist-specific channels dedicated to the likes of AC/DC and Led Zeppelin, which a representative hinted would be an ongoing initiative.
In the meantime, the company faces urgent financial challenges, in particular the $1.1 billion in debt that will mature in 2009, about $300 million of which is due in February. That, among other concerns, has caused the company's stock price to fall from a 52-week high of $3.94 per share last December to 26 cents on Friday. Meanwhile, a group of 500 shareholders dubbing themselves "Save Sirius" filed a lawsuit seeking to remove the board and CEO Mel Karmazin.
Ever the pitch man, Karmazin spoke at Nielsen and Dow Jones' Media and Money conference in October, insisting that Sirius XM is "one of the top 25 media companies today" and predicting that it will be "the most successful company in the audio entertainment industry."
Should that come to pass, the music industry stands to make a decent buck. But in the present, there's not much to count on.
Good job Cent, i see you're working the up gap, very lucrative with bad news. Same goes for stocks that has down gaps when the next day opens after prev close, good news is required for this one to work, i have many to do this with.
Ren
did i just repeat myself...... dang i need a stiff drink...lol this SIRI thing is frustrating and pitiful and most of all sad...
They are talking about maybe loosing one of the big 3, hope this doesn't happen... and i vote NO on the R/S, i guaranty it will spell disaster for the shareholders going long. Less shares after the split, then give it 2 days and we all loose.... BIG TIME! That's why i'm trying to accumulating as many free shares as i can by working the morning gap up from previous close. Not so sure about which way the gap will be after the 10th, but it has been a nice gap up every day for sometime s now
That's why i said on the 10th tells all, things will change then, but on the other hand siri charts have shown for weeks even months that they have opened 1 to 3 cents higher then prev close then drops like a cement ship.There has not been one time that i could see that there was a gap down after prev close. Why not take advantage of this to accumulate more free shares with not being out of extra $$$.You won't get hurt so much finically when this R/S comes next year
Don't know the price you sold and rebought, but you got to have at least a total of 60000 shares...
I only have around 11000 and still in the neg... Can't afford more as i have to many other positions invested in an taking a lickung.
I'm not familiar with TD Ameritrade but while your trading platform is up pull the trade ticket up to place an order and look for (sp. inst.) or (instructions) you might be able to select it from there, wish i could help more i use scottrade
SOUL WASHER...... undoubtedly the most proper way to access that stituation
hey amarkiii i am probably more inexperienced than you and still learning since 05 lol... (ALL or None) when placing an order
exactly as i predicted, at open modified my order from sell limit .30 AON to .286 AON sold my position for .286 and used those same funds and bought again a .262, grand total 900 more shares... follow those previous charts with these guy. They have been opening at 1 to 3 cent higher then prev close for sometime now... now on the 10th will tell all
Crammer say bullish, i'll bet my $$$$ on this:)
This is something to stay updated with, 2 news release made on 11/4/08 links below
http://www.betanews.com/article/Amid_a_perfect_storm_Sirius_XM_faces_a_shareholder_lawsuit/1225824757
http://www.mediaweek.com/mw/content_display/news/local-broadcast/e3iac3113c71beb425a9366900cee97c49f
a possible R/S is coming up , and yes the share holders get to vote, but i can almost assure you that they will get around our votes and split anyway, depending on how we voted
Ceo is lining his pockets along with the MMs, this is a dirty game to their advantage, this is what's going on, all i can say is either accept your loss and get out now or follow the tend and sell your posistion at open and rebuy in the evening to accumulate more share so the R/S does not hit you so hard, 9 times out of ten time with a situation like siri's situation, after this split, it takes one to two days of the value increasing, then Bail out and watch it tank, we are screwed regardless, time to manipulate these suckers to accumulate more shares
I think the shorts are out, maybe started shorting acouple of months ago till the last week or so. I set a limit order at.30 AON, if it goes through so be it, but i have to take my wife to get her back injections, will be back after lunch to see what happened
like i have mention do not follow my advice, but siri has been so volatile and this seems to be the trend at open, that after lunch is the time to re position yourself for even more shares. But being these have been such a crazy last few months and not knowing what's going to happen with them, this has still been their tend.... I just hope they don't open above prev open and then keep inclining... this would be bad if you sold your position and then end up with less shares to repostion yourself. I have a lot of different position with diff companies and i love day trading and go long too, i buy at 2hrs to 15mins before close and sell at open about 1-3mins at open the next day for quick cash profits, but only the if the charts have been showing the same trend for the last few weeks or months
Dang guys, more bad news this morning click on Morningstar. Only way for me is to sell my position with siri at open and it depends on how high they open, then re position myself again after lunch to accumalate more shares, this has seem to be their trend from the past few months by studing the charts as with a lot of diff postions i own. Only problem is that the orders are going through very slow at open because of the high volume.
Selling at open there is a .2 to .3 gain that last around 1-3 mins and hoping the order goes through. Put in a limit order not a market order being it's very volitale at the first few minutes at open and do not put the order in as an AON that way at least some might get sold or limit with AON and hope the order will go through.
Anything that I might advise is only a hopeful speculation that has worked for me but not for every one..... as Crammer has said years back but doesn't won't admit today, news and and study the previous charts for day trading.
I do have a couple of others but Morningstar works great thanks Eastunder, that should do it.
Not understanding why it directs to a log in, there was access all day till now It's a direct link to Siri news releases that is updated very early in the morning. (Dow Jone News Plus). I guess it would have to be accessed through the homepage, cookies probably need to be deleted for direct access, I'm not a member. On the other hand Morning Star updates are not as early but have updates through out the day even before Dow Jones News Plus or Sirius. I hope there is not a cookie problem with their link. Link below
http://quicktake.morningstar.com/stocknet/AllNews.aspx?Country=USA&Symbol=SIRI
That was a dirty end, next to the last trade was .2801 then a 2.2mil order goes through for .26 right after for the close...but of BS
this seems to be the norm
scroll down for the links on my previous post
I have never seen so much volatility
More bad news guys
Sirius XM Sees Slowed Subscriber Growth
http://www.thestreet.com/story/10446392/1/sirius-xm-sees-slowed-subscriber-growth.html
Auto Troubles Hurting Sirius XM Growth
http://www.pcmag.com/article2/0,2817,2334035,00.asp
yep seen it on CNBC Live, also heard this morning that there will be no credit crunch...MAYBE?
eastunder
How hard would it be to add this quick link to the ibox?
http://www.djnewsplus.com/search?SEARCH_TYPE=NWCODE&KEYWORDS=siri&LINKTEXT=SEARCH+RESULTS&x=8&y=11
Early morning trading was up to .31 ask away from .2601 prev close now back to .2899
Q3 Results For Sirius XM Radio Will Be Known Monday
http://siriusbuzz.com/q3-results-for-sirius-xm-radio-will-be-known-monday.php
Yes i've noticed that strong buying restarted back on the 24th of oct......
Why is it that Mel Karmazin's pay shows N/A When Scott Greenstien pay does?
I remember when the CEO was interveiwed by Squawk box years back drilling him about his empty promises... this was really a sign then...
by a smidgen but aleast it's not the other way around