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Re: was CA$H post# 33206

Thursday, 07/31/2008 11:47:36 AM

Thursday, July 31, 2008 11:47:36 AM

Post# of 35781
SCU - I noticed. Good pick. I'm out of cash at the moment (mortgage due today) so couldn't join you. Trying to figure out what to sell to free up some capital. Dumped SWPC yesterday. Need to clean out some more POS littering my floor.

SIRI - gonna hold one more day. Tomorrow would be the T+3 day for all that held XM short. Since the merger, those that were short XM will need to settle their trade, as the short positions do not transfer over. The XM shares borrowed to sell short were bought by someone else, who has already converted them to Sirius. Because of this, Friday may be an interesting trading day

XM had 35 mil shares short before the the merger. So in theory 35 x 4.6 = 161 mil shares must be bought back no later than Friday. Big question is of course: How much of the old XM short is still out there



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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