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Volume has been so strong of late. When the shorties get scared, this stock flies. Looking forward for the big run!
Also looking forward to the inevitable short squeezes that will happen all along this run. It's going to be a fun ride back up! Go VAPE!
I really doubt you can short these penny stocks.
Bigsky -- I agree with you about the 3Q numbers being the tell-all.
I have to disagree as to your assertion that O&A's numbers were declining on terrestrial radio. They were #1 in morning drive when they went out (both times, 2002 and the last time).
The issue with terrestrial radio is that the FCC has extremely vague "indecency" rules and absurd fines for violations thereof ($350k per incident PER STATION, which is truly absurd) -- these fines were increased in the early 2000's from ~$5k to $350k.
Vague laws lead to uneven enforcement (because the notion of "indecency" is subjective -- it's in the mind of the beholder). So it's hard to blame radio stations for not wanting to push the envelope when a syndicated radio show could say the word "piss" (yes, that is an actionable word by the FCC) and wind up being fined $350k x 10-20 stations...so $3.5-7MM hit for just using a "fleeting expletive."
The FCC's tyranny is why Stern left terrestrial radio, and it's what made XM/Sirius so attractive to talk radio fans -- Satellite is not regulated by the FCC. It was supposed to be the wild west of radio. Again, this is another reason why people are outraged by Sirius firing O&A. The company was marketed as a rallying cry against the FCC's censorship.
I suspect that Opie & Anthony's salary has far less to do with their numbers than it does with the absolute leverage Sirius has over them -- O&A had no where else to go except for Satellite. Terrestrial radio can't afford to hire a show whose success depends on pushing the envelope and doing edgy radio. Sirius knows that, and $3MM is enough to make sure they don't walk.
It is what it is, everyone will move on in a few months. In the short term however, this is going to continue to be a big story.
Paullud is 100% correct. Sirius made a reactionary decision, and now we'll just have to see how it plays out.
http://www.fool.com/investing/general/2014/07/08/the-decision-to-fire-anthony-cumia-might-cost-siri.aspx
That's all either of us have been saying. Keep an open mind here & put personal feelings about the show aside or whether you think they are jerks. All that matters was that they had a huge audience, and that audience will largely follow them to the next platform.
Pre-merger days, O&A were hired by XM to anchor its talk content. Howard was hired by Sirius to do the same over there. Howard has a much bigger brand impact than O&A, that's indisputable.
Understand that both Stern & O&A now share the same fan base. And, when the companies merged, their fan bases overlapped, especially because Stern only does shows about 3 days/wk, and only 9 months a year. So you have whatever people who signed up for XM solely for O&A, PLUS, whoever they've culled from the Stern audience.
Those are the people who are most effected by this decision. It's a shame b/c none of this needed to happen, but so it goes.
Sirius will be fine in the long run, O&A will move on -- but O&A will bring their audience with them. The free market will dictate what happens next, but it's undeniable that this will have/is having an immediate, if not short-term, negative impact on Sirius.
I agree. I think people want to hear what Opie and Jim have to say on Monday before the next wave of fan cancellations. Opie & Anthony fans are seriously livid about this.
Wonder what is going to be worse press for the company - Anthonys tweets or blowback from his fans.
GV -- I agree! That's a good question!
"Did he get punched?" "What led to these tweets?"
These are all questions a real journalist would have asked. Gawker wrote what amounted to a teenage girl's diary entry. No questions were asked; no investigative journalism performed. And what's even worse is that no one since has asked these questions, not Sirius, not the Washington Post. Kind of scary to think that's what news has become, but so it goes.
GV, buddy, go read the company's financials.
It's not my responsibility to furnish due diligence for you. It's all public information. If you want to talk like the expert, go and look up their numbers. That's all that matters in the end.
Statements like "Most people listen to other channels" is purely speculation on your part. Again, the numbers will tell as this whole thing plays out.
GV, you're quoting Gawker like it's real news. It's not. It'd be like reading a teen's dumb journal real news.
The irony is that Anthony called his attacker bad words -- apparently getting punched in the face doesn't lead to people being happy. Go figure. His tweets were not the story; the fact that someone punched him in the face should have been the story.
In the end, you may be right, this might not have any effect on the company's long-term viability-- but in the short term, there will be thousands or cancelled subs. That's just reality.
$3.2 billion in revs from subs
$0.6 bil in revs from advertisers
Which is more important? Advertiser backlash or loss of subs. Thousands of people have cancelled. And reports are that people are being offered months of free subscriptions when they call to cancel.
So yeah, it looks like Sirius is starting to sweat their uninformed, reactionary decision to break up one of their top 3 channels.
The company is supposed to act in its Shareholders best interest -- they have no 'best interest', other than making shareholders money.
Not losing subscribers is what was best for S/Hs. Subscriptions are the company's main source of revenue. They stand to lose far more subscribers than they gain by firing Opie & Anthony. Like them or not, the radio show has a large, rabid fanbase who are cancelling their subs, taking to social media, and who will likely follow O&A wherever they wind up. So this knee-jerk reaction by the company was actually pretty darn stupid, imho.
You say that Opie & Anthony can easily replaced, but you're just wrong -- we're not talking about replacing a DJ, or a CD collection. We're talking about replacing original, 5-days per week, talk content. At a minimum, they would need to find someone else in Opie & Anthony's league, and to be honest, there is no one out there who can fill the role they filled. Howard Stern does does a 3day/wk show and works 9 months a year, so his fans have been turning to Opie & Anthony for years.
Who else can do what they did? Imus? Phil Donahue? Exactly. There is no one else. And even if they did find someone else, how is the company going to get back the subscribers that follow O&A out the door?
Original talk content is the only thing setting Sirius apart from an iPod or Pandora. So yeah, there is reason to be annoyed as a S/H or a subscriber that Sirius was seemingly more concerned about a dumb TWEET than it was about making sure it's subscribers or S/Hs were happy. They should start working on a contingency plan to either find/pay talented DJs to do a comparable radio show (which doesn't exist), or they need to find a way to get Opie & Anthony back on board (which is going to cost them a ton of money), along with whatever subscribers they lost from firing O&A.
It's getting ready to head back north -- if you look at the chart, when it runs it moves fast. This is going to be a fun ride!
Short volume is something that is required to be tracked by law and disclosed, so by saying "from what you can tell there's no shorting", you're actually saying "I didn't bother to check"
Short volume has been upwards of 50% on some days where there is low volume and few buyers, but it's typically btw 30-50% -- check SEC docs. So on a day like today, where there are few buyers, short volume is likely pretty darn high.
I was just thinking the same thing -- about 30-40% short positions out there -- buying back is not going to be a good experience for them
Just a quick glance at your post history -- I think I'm going to start buying into every stock you're shorting, haha. GL bro -- your agenda is pretty transparent
Posts by Eyeminute2winnit Board Date/Time
Get out before the weekend IMO. Could easily Vape Holdings Inc. (VAPE) 05/02/2014 01:08:24 PM
How is this POS not tanking? I don't CannaVest, Corp. (CANV) 05/02/2014 01:00:21 PM
Another day with no news for the empty Global General Technologies Inc. (GLGT) 05/02/2014 09:52:26 AM
Be careful with your investments. Remember the shell Infinex Ventures, Inc. (INFX) 05/01/2014 10:20:12 PM
Be smart with your investment. Don't forget that Global General Technologies Inc. (GLGT) 05/01/2014 10:14:48 PM
THIS POS COMPANY SHOULD GET TO WORK INSTEAD Greenshift Corporation (GERSD) 05/01/2014 09:39:38 PM
I wonder how long they will be able Creative Edge Nutrition, Inc. (FITX) 05/01/2014 01:13:09 AM
Dilution to pay for attorney fees. Get used Prana Biotechnology (PRAN) 04/30/2014 08:07:22 PM
LVL 2 is so thin -- just needs some more EOD buyers, which could also lead to a big run up tomorrow as well
I think they are -- I actually like that they were exercised in the middle of the day like that, and all in one shot -- also, that might have been then end of them -- If you notice the trading activity for the day, with the exception of that one 15 min period were it was clearly warrants being exercised, it's been the bulls beating up on the bears. Very good stuff today -- big things are happening, so there's not much to complain about!
LVL 2 -- tons of room to run after $4.07 -- if the bulls can win that battle i'd expect a short squeeze shortly thereafter.
Looks like the shorts got lulled into thinking this was going to drop --- they're going to have to buy back at a much higher price -- this thing is coiled and going to run hard.
Nice shake! love adding cheap shares!
No, they don't have millions -- they had at one point ~450,000 between two of them. You can check PHOT's 10-k filing for confirmation -- that said, they probably sold some of them when VAPE was soaring.
I hope you're not too exposed b/c VAPE is going to go back up. Very risky shorting OTC stocks -- I seriously hope you know what your doing.
Truth -- saw a huge $130k buy @ $3.70 right after your post
Nice bounce!
Shorts who were burned yesterday are back at it to recover some of their losses -- so there's definitely potential for a squeeze if the PPS climbs past today's open!
Definitely gap and run candidate for tomorrow -- locking em down down for tomorrow's ride for sure.
not to mention larger buys -- 40,000 @ $4.10 = $164k
There's almost always opportunity out there for shorts, just not today -- it's on the run today. Traders are trying to catch up to it.
Idk -- it looks like it's running hard. Might not consolidate if it keeps blowing off the roof! $VAPE
Dogg, that's just not true. The SEC can look into any company offering securities - whether or not a company's business is up and running yet has no impact on whether trading can be halted.
Having celebrity anchors are far from the most important thing to the company's success. It's about generating revenue, advertisers, business model, long-term vision, etc.
They're on their way and moving in the right direction -- no question about it. Celebrities would help towards visibility, but it's not vital to the company's success IMO
I wish we had Freedom from your comments.
Exactly! Shareholder letter is going to be a great boon. Looking forward to this
The game is on. Tomorrow is going to be impressive
LVL 2 resistance is non-existent -- at this rate it looks we're definitely going to get one heck of a run going for the next few days at the least
Wow. I'm loving it!
It looks professional, info seems like it's going to be streamlined nicely.
Well done UTRM!
We're moving in the right direction, good movement on low volume, L2 looks great -- not too bad for a friday, all things considered!
Ad revenue should kick this into a new gear. It's definitely disappointing that we didn't see a blast off this morning, but it is what it is, and the underlying business here is still a sound play.
What great news! $UTRM is going to fly!!!