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Latest Comments66 Comments
Analysts See Weak Auto Sales as Real Challenge for Sirius XM
Analysts See Weak Auto Sales as Real Challenge for Sirius XM
Analysts See Weak Auto Sales as Real Challenge for Sirius XM
Barrington Stays Positive on Sirius
Stifel Lowers Sirius Estimates on Weak Auto Sales
Is Wienkes Hobbling Sirius XM?
Is Wienkes Hobbling Sirius XM?
I have a problem with "lending" the company money when the CEO is worth hundreds of millions, and the rest of the board of directors are multi-millionaires. If I have to take it up the ass I will. But I'm not gonna lube it up for them beforehand.
Is Wienkes Hobbling Sirius XM?
I have been a staunch defender of the company and remain bullish. But I see this move, though not necessarily negative, as a reluctant last stand. Why? Because if they didn't do this a month ago when the stock was worth much more, why now? Granted, the global economy has been derailed recently and they didn't expect this outcome. But this is their last card of the deck, unless they get the proxy approved. Again, not necessarily negative because the balance sheet will improve.
What's Behind Sirius' Big Gain?
I'm with you! I'm losing my cojones but I am prepared to go down with the ship. If this thing does go bellyup, I'll get up, dust myself off, then get back to work so I can finance my next blunder!
What's Behind Sirius' Big Gain?
What's Behind Sirius' Big Gain?
1. You guys want to know why the stock makes these minor erratic moves? Just read the postings on this board. People are DAY TRADING it for a few pennies. This board is a self-fulfilling prophesy. Now imagine how many more are out there doing the same thing.
2. The stock was up 40% on good volume yesterday. Today it was down a couple of pennies on very low volume. GOOD SIGN. Why? The negative reports that just came out (right on schedule I might add) had NO EFFECT on the volume. In other words, the smart money is not falling for the BS.
3. Weinkes put a SELL on the stock. And there are idiots out there (sheep) who will listen. ANYONE who gets out at this level, if they are heavily underwater and originally in for the long-haul, deserves to be shot on principle alone. Anyone who puts a SELL on this stock at this level, considering the upside potential, DOES NOT have your best interest at heart. If you are day trading it, then thats a different matter.
4. Pig Farmer is just having fun with you boys, and you're letting him! He is getting the exact reactions that he wants. Pretty funny actually.
5. So last nite I'm sitting in my local watering hole across the street here on beautiful Miami Beach, a bar I affectionately named the Pig Pen. But don't get the wrong idea...this bar makes a real pig pen look like the Saudi Royal Palace! So the off-duty bartender comes up to me and says, "John, I got a joke." Now I have a very low tolerance for drunks (especially when I'm sober), so I cringe and say, "What is it?" So as I prepare my best fake laugh he begins:
"Obama dies and goes to heaven. He starts knocking on the gate and old St. Pete answers. 'Who the hell are you?' he asks.
Obama replies, 'I'm Barack Obama.'
St. Pete responds, 'So what? What have you done to deserve a place in heaven?'
'Well, I was President of the United States of America.'
'What! The U.S has never had a black president,' St. Pete declares. 'When were you elected?'
'About two minutes ago...' replied a teary-eyed Obama."
What's Behind Sirius' Big Gain?
Mel has NO CONTROL over the stock price. He doesn't own enough shares. The control is in the hands of the secondary market; it is the puppeteer, the stock price is the puppet, and we idiots are the audience.
And the company DOES NOT have a legal duty to monitor or baby-sit the trading action in its stock. When a company goes public, its shares are bought in the PRIMARY MARKET by underwriters, brokers, investment bankers, et al, who then start to sell to the retail market (SECONDARY MARKET). Once the shares are out of the hands of the underlying corporation, it is now in the hands of the public.
This is Investing in Stocks 101 and whoever does not know this has no business being in the market, much less belly-aching.
"...and you know what happens to sheep? They get slaughtered."
--Gekko the Great, "Wall Street"
What's Behind Sirius' Big Gain?
Good job on the phone call. I have said that since we can't do anything else, the pressure should be put on the SEC to start monitoring this situation. I do believe the guy was right when he said that the burden was on the broker to locate the shares. At least that's what I have read. I don't think RICO laws would come into play here though, as those laws were put into play to target Cosa Nostra and their ongoing multi-crime activities as part of an enterprise. Also, you keep mentioning about the hedge funds and the shorts "stealing money from the stockholders." The reason they are making money is that weak stockholders VOLUNTARILY give up their shares, even at these ridiculous levels. The brokers are more responsible because they are the ones who are actually not following procedures. If I want to short 500,000 shares and my order goes through, I don't know if it is naked or not. All I know is that my order executed. If the broker filled it illegally, then it is on them.
What's Behind Sirius' Big Gain?
RING, RING.
Operator: "Hello. ISE, how can I help you?"
Gekko13: "Is this ISE?"
Op: "Yes it is. How can I help you?"
(A long and ugly silence)
Op: "Hello?"
(Music intensifies)
G13: "I'm watching you."
Op: "Que?"
G13: "WE...are watching you."
Op: "Who is this?"
G13: "Gekko."
Op: "Can you give me your full name please?"
G13: "No maam. Just Gekko. Gekko13 to be exact."
Op: "One moment please..."
(Dial tone; music fades...)
And the plot thickens!
Karmazin Video Provides Some Sirius Answers
Good job on the phone call. I have said that since we can't do anything else, the pressure should be put on the SEC to start monitoring this situation. I do believe the guy was right when he said that the burden was on the broker to locate the shares. At least that's what I have read. I don't think RICO laws would come into play here though, as those laws were put into play to target Cosa Nostra and their ongoing multi-crime activities as part of an enterprise. Also, you keep mentioning about the hedge funds and the shorts "stealing money from the stockholders." The reason they are making money is that weak stockholders VOLUNTARILY give up their shares, even at these ridiculous levels. The brokers are more responsible because they are the ones who are actually not following procedures. If I want to short 500,000 shares and my order goes through, I don't know if it is naked or not. All I know is that my order executed. If the broker filled it illegally, then it is on them.