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Sirius Stock looking to dip below $4
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| Sirius Stock looking to dip below $4
- Click HERE to go to the original thread with graphics
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| Avalanche |
| Sirius stock is in serious danger of blasting through the $4 support level, this thing is tanking faster than anyone could have imagined? Anyone else stuck in this stinker of a stock? |
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| Beavis Booey |
| I'll buy when the price is less than a gallon of gas. |
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| Skreed |
| lol, if you haven't sold by now, you have no place being in the market. |
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| LarryHorseFucker |
| Off this pat battler! |
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| DryOatmeal |
| i better sell my radios |
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| Drex |
| piece of shit xm is dragging it down :offwall: |
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| DryOatmeal |
Quote: Originally posted by LarryHorseFucker
Off this pat battler! |
hi horsie
:hw: |
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| Avalanche |
Quote: Originally posted by Drex
piece of shit xm is dragging it down :offwall: |
While that may or may not be true, there is no real negative news about Sirius to warrant the drop. Its expected to go to positive cash flow in a year and subscribership is growing very well. |
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| LarryHorseFucker |
Quote: Originally posted by DryOatmeal
hi horsie
:hw: |
Fuck off |
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| DryOatmeal |
Quote: Originally posted by LarryHorseFucker
Fuck off |
hi horsie
:hw: |
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| Araxen |
| There just too much of the stock on the market and it keeps dragging down the price. Till Sirius buys back some of its shares I expect it to be low for awhile. |
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| biggestfan |
| Hang in for the long run.It will come up! |
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| Avalanche |
Looks just like the Sirius chart. Im amazed upper management hasnt done a reverse split to offset the insane dilution they created. That dilution is fueling the short position on this stock. If they can take some of the short manipulation out of it it may stabilize a bit. - They are just watching it sink as of now. |
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| ricky |
| The stock was trading like crazy before, driving the price up. There was no justification for those historical highs. It's just coming down to reality. |
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| Sal's a Homo |
Buy low - Sell high !!
:rolleyes: |
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| Avalanche |
Quote: Originally posted by ricky
The stock was trading like crazy before, driving the price up. There was no justification for those historical highs. It's just coming down to reality. |
Historical? The previous recent $8-$9 high is a fraction of what it once was. This WAS a $50 stock. |
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| DryOatmeal |
i hope it goes down to zero
i don't own any and don't give a shit |
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| liquidjjj |
my father is a stock broker and they are still very high on the stock. as it gets a little lower it may be actually a good time to purchash the stock and buy back what you sold.
hopefully most of us sold when it was high and this is the time to start buying it back when it is lower. you have to remember that this is a 2 horse race. there are not hundreds of competitors, just two.
the stock has basically got itself back to a realistic level, as it was way overvalued for a long time (as is XM).
Right now these companies have tremendeous debt, hundreds of millions of dollars. eventually they have to start showing a trend towards profitablility, or the stock will continue to drop.
Adding Howard was great for membership and income for the company, but remember they spent A TON FOR HIM, and other programing. Add to that the organizational costs of sending up satellites, payroll, etc - and you have a company with a mountain of debt.
Again, it is a good time to buy (or wait a little longer to see if it drops again) and hopefully Sirius will start to show a profitable trend and the stock will go back up. |
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| Sean B |
WOOHOO!!!!! :D
I bought 2500 shares back in Oct 2004.... sold them all in late Jan 2006
if this current dip drops below $3.50, I think I'll buy 5 or 6000
Yes, I have a decent portfolio that I leave alone (actually, I think there's a few hundred of SIRI in that too).... this is just my stock "play" money so to speak.
the sale in Jan made me enough to do some renovations in the kitchen, and taking a relaxing vacation this summer to the Cape.
I'm thinking the next buy/sell run for me will buy me a motorcycle at some point next year :) |
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| Luther |
Quote: Originally posted by DryOatmeal
i hope it goes down to zero
i don't own any and don't give a shit |
I'd buy at that price. |
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| jackelneck |
Quote: Originally posted by Sean B
WOOHOO!!!!! :D
I bought 2500 shares back in Oct 2004.... sold them all in late Jan 2006
if this current dip drops below $3.50, I think I'll buy 5 or 6000
Yes, I have a decent portfolio that I leave alone (actually, I think there's a few hundred of SIRI in that too).... this is just my stock "play" money so to speak.
the sale in Jan made me enough to do some renovations in the kitchen, and taking a relaxing vacation this summer to the Cape.
I'm thinking the next buy/sell run for me will buy me a motorcycle at some point next year :) |
im with you.... |
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| wozardking |
Quote: Originally posted by Skreed
lol, if you haven't sold by now, you have no place being in the market. |
:bigclap: |
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| Slayer |
Quote: Originally posted by Avalanche
Looks just like the Sirius chart. Im amazed upper management hasnt done a reverse split to offset the insane dilution they created. That dilution is fueling the short position on this stock. If they can take some of the short manipulation out of it it may stabilize a bit. - They are just watching it sink as of now. |
You mentioned a reverse split once before, and you are still incorrect, as I pointed out then.
http://www.sternfannetwork.com/foru...414#post2521414
A reverse split does absolutely NOTHING to the value of a company, it merely increases the price of an individual share.
If you have 1000 shares at 1 a share it's worth the exact same as 100 shares at 10 a share.
However, a stock buy back would reduce the number of available shares and that would affect the stock price. |
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| Avalanche |
Quote: Originally posted by Slayer
You mentioned a reverse split once before, and you are still incorrect, as I pointed out then.
http://www.sternfannetwork.com/foru...414#post2521414
A reverse split does absolutely NOTHING to the value of a company, it merely increases the price of an individual share.
If you have 1000 shares at 1 a share it's worth the exact same as 100 shares at 10 a share.
However, a stock buy back would reduce the number of available shares and that would affect the stock price. |
Jim Cramer you are certianly not. Who said anything about a companies value? Im talking about propping up the price of the shares to wring out short sellers and manipulators. Doesnt a reverse split by design reduce the number of shares? If you have 100 shares at $1 ($100) and Sirius says we are taking your hundred and giving you 25 at $4 (still $100), isnt that doing the same thing? -Yes it is
http://www.sec.gov/answers/reversesplit.htm
Sirius stock has a problem with soooo many shares outstanding its diluted the price, take shares off the market and you have a commodity thats a little more stable and less easy to buy.
As far as a buy back is concerned, hat very well may NEVER happen, they are bleeding cash as it is.
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| Air Florida |
| I got a bunch when it was 7 something and I'm sickened by the whole thing :vomit: |
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| burningred |
| I plan to back up the truck and load her up. |
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| DoobieWah |
| Buy ELN until SIRI finds it's bottom. |
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| BoyGary |
Quote: Originally posted by Avalanche
Sirius stock is in serious danger of blasting through the $4 support level, this thing is tanking faster than anyone could have imagined? Anyone else stuck in this stinker of a stock? |
thats what you get when you play the stock market with your heart instead of your brain. |
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| Fa-Fa-Fo-Ha |
| Time to buy :D |
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| Greenbuns |
any other buys out there.....
:demon: |
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| cooper243 |
| If it would go below $3, I would buy like crazy. What does Wall Street think positive cash flow means? |
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| LickMaster |
Quote: Originally posted by BUZZ
Good time to buy! |
Absolutely. It's not Sirius that has dropped, it's the market all together. The DOW has dropped something like 400 in the last couple days. This is a good time to buy Sirius. |
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| fahcue |
I see about 2 1/2 people here know what they are talking about.
People are freaked out about inflation rising and shit is hitting the fan. We are at war, interest rates just went up.
Now is the time to buy sirius if you don't own it, and if you do already own it its time to buy more to lower your average. |
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| liquidjjj |
Quote: Originally posted by fahcue
I see about 2 1/2 people here know what they are talking about.
People are freaked out about inflation rising and shit is hitting the fan. We are at war, interest rates just went up.
Now is the time to buy sirius if you don't own it, and if you do already own it its time to buy more to lower your average. |
i agree 100% - it is time to buy. |
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| adam |
| It's plummeting because Ralph is dumping some of his stock. |
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| PowerPlayMan |
I don't know who said it but I tend to go by the advice: "Buy land. They ain't making it anymore."
Seriously, Sirius at this price is a great buy....that's if you don't have terminal cancer or otherwise plan to die soon. It's a long term thing from here on out. |
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| BelowTheCrowd |
Quote: Originally posted by Avalanche
Jim Cramer you are certianly not. Who said anything about a companies value? Im talking about propping up the price of the shares to wring out short sellers and manipulators. Doesnt a reverse split by design reduce the number of shares? If you have 100 shares at $1 ($100) and Sirius says we are taking your hundred and giving you 25 at $4 (still $100), isnt that doing the same thing? -Yes it is
http://www.sec.gov/answers/reversesplit.htm
Sirius stock has a problem with soooo many shares outstanding its diluted the price, take shares off the market and you have a commodity thats a little more stable and less easy to buy.
As far as a buy back is concerned, hat very well may NEVER happen, they are bleeding cash as it is. |
Doing a reverse split isn't going to change much if there's any manipulation going on. You can manipulate a stock at 20 just like you can at 4.
Two things do happen if you move the stock up:
1) The stock becomes marginable for most retail investors. For the most part, retail brokerages won't margin stock that is below $5.
2) Since the stock is marginable, it becomes shortable by more people. Generally, it's hard for retail investors to short stocks that are below $5.
In reality, none of these mechanical things usually has much more than a short term inpact as people re-adjust things slightly.
-btc
(no positions) |
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| fahcue |
Quote: Originally posted by PowerPlayMan
I don't know who said it but I tend to go by the advice: "Buy land. They ain't making it anymore."
Seriously, Sirius at this price is a great buy....that's if you don't have terminal cancer or otherwise plan to die soon. It's a long term thing from here on out. |
I wouldn't say its long term. Long term is more for companies with a dived end. To my knowledge SIRI (as of yet) does not. |
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| BelowTheCrowd |
Quote: Originally posted by cooper243
If it would go below $3, I would buy like crazy. What does Wall Street think positive cash flow means? |
It means you're making money.
It doesn't necessarily mean you're worth the current market cap of $5.5b.
This one could easily fall a lot more. Not saying it will, but right now you're paying more than $1000 per subscriber in an untested business. Even if you think it's got a lot of growth, that's a pretty big number to pay.
-btc |
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| Max-the-Silent |
The one thing I know about stocks is you buy quality, and hold for the long term.
The Sirius stock I bought, I bought cheap (compared to the price surge) and I'll sit on it for the foreseeable future. |
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| Chrisell |
| I'll buy when these jerk's figure out that radio's are supposed to be portable, not attched to 22' of antenna wire. Three word's...Whole House Repeater. |
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| PowerPlayMan |
Quote: Originally posted by fahcue
I wouldn't say its long term. Long term is more for companies with a dived end. To my knowledge SIRI (as of yet) does not. |
Good point expecially when you consider what new, unknown technologies might be around the corner. Both the Sirius and XM business models could quickly crash unless they both clean up their act soon. Generally the hardware still sucks and the public is still wary. |
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| PowerPlayMan |
Quote: Originally posted by Chrisell
I'll buy when these jerk's figure out that radio's are supposed to be portable, not attched to 22' of antenna wire. Three word's...Whole House Repeater. |
An excellent point! It's typical of the business model for so many corporations today. Grab the quick cash today and don't give a fuck about tomorrow. No wonder the public is still wary. |
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| fahcue |
Quote: Originally posted by PowerPlayMan
Good point expecially when you consider what new, unknown technologies might be around the corner. Both the Sirius and XM business models could quickly crash unless they both clean up their act soon. Generally the hardware still sucks and the public is still wary. |
Don't forget howard is their meal ticket right now. It will be interesting to see what happens to the company "Post Stern" |
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| BillBellichick |
| I bought at 5.25 a month ago. dumb move |
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| fahcue |
Quote: Originally posted by BillBellichick
I bought at 5.25 a month ago. dumb move |
If you believe in the company the best thing to do is to buy more and lower your average. |
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| fanforlife007 |
sell low, buy high...oh wait I am high
:D |
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| BelowTheCrowd |
Quote: Originally posted by fahcue
If you believe in the company the best thing to do is to buy more and lower your average. |
If you're investing based on "belief," then you're already screwed.
There's no place for emotions in financial markets. It's about making money, not making a point or proving yourself right.
"Averaging in" can be a useful strategy when you want to build a position but are unsure of where the market will go. But it should be done with a plan (ie, knowing how many shares you want to have, what prices you're willing to buy them at, where/when you would buy more, etc.) not reactively. What you're proposing is something often refered to as "throwing good money after bad," and is closely related to another common practice, which is commonly refered to as "allowing a bad trade to become a worse investment."
-btc |
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| kace |
| i believe in howard.... |
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| Chowderhead29 |
| I agree. I look at my investment as investing in Howard. I am down 10% but I dont care. Again I am in for the long haul and I BELIEVE IN HOWARD! |
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| JoeyBoots |
| im buying my first Sirius stock this week. :hw: |
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| fahcue |
Quote: Originally posted by JoeyBoots
im buying my first Sirius stock this week. :hw: |
Congrats boots, don't invest more than you can loose... |
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| Beaner1827 |
| buying sirius stock wasnt going to make a big leap! |
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| gotham44 |
| Yeah, it's tanking. I have 3 thousand but I'm holding on to it..It for long term. |
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| digglerama |
| All I know is that it's time to buy or hold. I believe in this tech big time - the future is in satellite radio. |
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| bomb |
Karmazin is a good CEO, hes been doing it for years.
Relax and hold onto the stock (long term) |
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| Beckham7 |
| It is in the tank, but you need to look long term at this stock, with positive cash flow by year end, Mel is a proven CEO, it just might rally by years end, I hope! |
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| jasonsorsborn |
I own some shares that I bought at $5.15.
I thought that would be the bottom. Little do I know. I've had Sirius for a year now and honestly for the money (besides Howard and Bubba) it's a pretty shitty product. The hardware is terrible, reception is a joke and the programming is boring. Each station plays the same shit over and over. I get my moneys worth though because of H100 and 101, if it wasn't for Howie, I would have cancelled a long time ago. My point is investors and most of America don't give a shit about Howard. |
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| TLD |
Quote: Originally posted by jasonsorsborn
I own some shares that I bought at $5.15.
I thought that would be the bottom. Little do I know. I've had Sirius for a year now and honestly for the money (besides Howard and Bubba) it's a pretty shitty product. The hardware is terrible, reception is a joke and the programming is boring. Each station plays the same shit over and over. I get my moneys worth though because of H100 and 101, if it wasn't for Howie, I would have cancelled a long time ago. My point is investors and most of America don't give a shit about Howard. |
I have never heard any compaints about Sirius' playlists before your post. |
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| kochen |
NLST is the symbol for National Storm Mangagement Inc. They set up shop and do repairs on siding, roofing,etc wherever big storms or HURRICANES hit. They are now doing tons of work from Katrina.
Anyways, the stock hit over 3 dollars last summer and now is around .39 cents and I am looking for another big run here as summer approaches as another big hurricane season hits. Im telling you guys, this is THE STOCK OF THE SUMMER!
Here is some info on it: Symbol NLST.
NLST>>>>Read this and you will see why it is the next HOM and will be in the DOLLARS soon....Check out its locations...PRIME HURRICANE AREAS!!!! This one will be the MOTHERLOAD!!!!
National Storm Management, Inc. (Other OTC:NLST.PK - News) today said its Hattiesburg, Mississippi operation is opening a satellite office in Metairie, Louisiana. This location will operate under the Pinnacle Roofing, Inc banner as the Company continues to solidify its production capabilities. The Company said this new location will support its targeted sales of $12 million related to Hurricane Katrina.
"National Storm targets restoration markets that are about 50 - 100 miles outside of the eye of the hurricane," said Terry Kiefer, President. "That is because we focus on exterior repair only, which is generally beyond a storm's center where there is more extensive interior damage. Before actually starting work, we make sure that estimated repair costs are in agreement with the scope of loss of the various insurance carriers. Even though the storm struck last August, we expected a lag between the timing of the event and actual repairs to begin."
"Because of the tremendous damage from Hurricane Katrina, insurance carriers have been focused on areas that are totally devastated. They are just now moving into areas where the Company's operations are established," Mr. Kiefer said.
National Storm Management is an expanding national construction company specialized in storm restoration management that works closely with affiliates in seven states. The affiliates are: ABC Exteriors (Illinois), Pinnacle Roofing (Orlando, Vero Beach & West Palm Beach, Florida), MSM Builders and Remodelers (Missouri), WRS, Inc (Minnesota), First Class Builders (Maryland), Pinnacle Roofing (Mississippi), First Class Roofing and Siding (Ohio) and Pinnacle Roofing (Louisiana). The company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and many others for storm related claims. The Company is also a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau. |
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| TLD |
Quote: Originally posted by kochen
NLST is the symbol for National Storm Mangagement Inc. They set up shop and do repairs on siding, roofing,etc wherever big storms or HURRICANES hit. They are now doing tons of work from Katrina.
Anyways, the stock hit over 3 dollars last summer and now is around .39 cents and I am looking for another big run here as summer approaches as another big hurricane season hits. Im telling you guys, this is THE STOCK OF THE SUMMER!
Here is some info on it: Symbol NLST.
NLST>>>>Read this and you will see why it is the next HOM and will be in the DOLLARS soon....Check out its locations...PRIME HURRICANE AREAS!!!! This one will be the MOTHERLOAD!!!!
National Storm Management, Inc. (Other OTC:NLST.PK - News) today said its Hattiesburg, Mississippi operation is opening a satellite office in Metairie, Louisiana. This location will operate under the Pinnacle Roofing, Inc banner as the Company continues to solidify its production capabilities. The Company said this new location will support its targeted sales of $12 million related to Hurricane Katrina.
"National Storm targets restoration markets that are about 50 - 100 miles outside of the eye of the hurricane," said Terry Kiefer, President. "That is because we focus on exterior repair only, which is generally beyond a storm's center where there is more extensive interior damage. Before actually starting work, we make sure that estimated repair costs are in agreement with the scope of loss of the various insurance carriers. Even though the storm struck last August, we expected a lag between the timing of the event and actual repairs to begin."
"Because of the tremendous damage from Hurricane Katrina, insurance carriers have been focused on areas that are totally devastated. They are just now moving into areas where the Company's operations are established," Mr. Kiefer said.
National Storm Management is an expanding national construction company specialized in storm restoration management that works closely with affiliates in seven states. The affiliates are: ABC Exteriors (Illinois), Pinnacle Roofing (Orlando, Vero Beach & West Palm Beach, Florida), MSM Builders and Remodelers (Missouri), WRS, Inc (Minnesota), First Class Builders (Maryland), Pinnacle Roofing (Mississippi), First Class Roofing and Siding (Ohio) and Pinnacle Roofing (Louisiana). The company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and many others for storm related claims. The Company is also a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau. |
pump and dump |
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| Slayer |
Quote: Originally posted by Avalanche
Jim Cramer you are certianly not. Who said anything about a companies value? Im talking about propping up the price of the shares to wring out short sellers and manipulators. Doesnt a reverse split by design reduce the number of shares? If you have 100 shares at $1 ($100) and Sirius says we are taking your hundred and giving you 25 at $4 (still $100), isnt that doing the same thing? -Yes it is
http://www.sec.gov/answers/reversesplit.htm
Sirius stock has a problem with soooo many shares outstanding its diluted the price, take shares off the market and you have a commodity thats a little more stable and less easy to buy.
As far as a buy back is concerned, hat very well may NEVER happen, they are bleeding cash as it is. |
Cramer is an over hyped idiot, so I wouldn't want to be him, and if you think he knows anything you are misguided. You are also mistaken. A reverse split makes it easier to short a stock, not harder, and manipulation is still not a problem for the big boys. Reverse split will do nothing.
Quote: Originally posted by BelowTheCrowd
Doing a reverse split isn't going to change much if there's any manipulation going on. You can manipulate a stock at 20 just like you can at 4.
Two things do happen if you move the stock up:
1) The stock becomes marginable for most retail investors. For the most part, retail brokerages won't margin stock that is below $5.
2) Since the stock is marginable, it becomes shortable by more people. Generally, it's hard for retail investors to short stocks that are below $5.
In reality, none of these mechanical things usually has much more than a short term inpact as people re-adjust things slightly.
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Exactly. |
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| DevilDog |
Exactly. THAT is taking. SIRI is NOT tanking, retard. That said, I'm still surprised it hasn't taken off yet. :mad: |
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| DevilDog |
Quote: Originally posted by jasonsorsborn
I own some shares that I bought at $5.15.
I thought that would be the bottom. Little do I know. I've had Sirius for a year now and honestly for the money (besides Howard and Bubba) it's a pretty shitty product. The hardware is terrible, reception is a joke and the programming is boring. Each station plays the same shit over and over. I get my moneys worth though because of H100 and 101, if it wasn't for Howie, I would have cancelled a long time ago. My point is investors and most of America don't give a shit about Howard. |
I'm 50/50 with you on the playlists. I listen to the metal channels and notice they play a LOT of Ozzy, Black Sabbath, Zepplin and a few others VERY frequently. They need to really expand their library. For example, they have Judas Priest (and, half the time play You've Got Another Thing Coming...ugh) but have no Halford.
I also hear them play a lot of Edgar Winters, Billy Squier, etc.
Yet, many times, they play a ton of great shit. They got me back into Dio and I went out and bought two of his CDs, of which I had cassettes in the 80's. |
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| sternowitz |
Everyone chill out. Don't follow the herd mentality. Everyone is freaking out on the stock market because of inflation, the weak dollar and high oil prices.
Look at the long term. If you consider satellite radio comparable to cable tv, the future is bright. Sirius is here to stay and will most likely suceed in a few years. Buy your stock, forget about it and check up on it in January 2010. |
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| BelowTheCrowd |
Quote: Originally posted by Slayer
Cramer is an over hyped idiot, so I wouldn't want to be him, and if you think he knows anything you are misguided. You are also mistaken. A reverse split makes it easier to short a stock, not harder, and manipulation is still not a problem for the big boys. Reverse split will do nothing.
Exactly. |
One other point is that many mutual funds are prohibited from owning stocks under $5 and quite a few have a $10 floor as well. XMSR is beating SIRI in the percentage of institutional owners and this is part of the reason. A reverse split to bring the stock signficantly above $10 could bring in some more stable money that is currently prohibited from even looking at it. But that's the only real impact.
-btc |
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| BelowTheCrowd |
Quote: Originally posted by sternowitz
Everyone chill out. Don't follow the herd mentality. Everyone is freaking out on the stock market because of inflation, the weak dollar and high oil prices.
Look at the long term. If you consider satellite radio comparable to cable tv, the future is bright. Sirius is here to stay and will most likely suceed in a few years. Buy your stock, forget about it and check up on it in January 2010. |
I find it amazing how many people keep citiing cable TV as the model, and the reason not to worry.
The fact is that most of the first round of cable TV companies either went bankrupt or were cosolidated by bigger companies at significant discounts to the prices their original investors paid.
Just because satellite radio is here to say doesn't mean that both of these companies won't go bankrupt before the business becomes profitable in the hands of new owners.
This is hardly new. It's actually pretty rare for the first companies in a business to be the survivors. Usually the stuff they build survives, but not the companies themselves.
-btc |
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| pissclam |
Quote: Originally posted by bomb
Just be glad your not a XM stock holder. Their stock has lost half its value in less than a year |
As has Sirius.
Quote: Originally posted by ricky
The stock was trading like crazy before, driving the price up. There was no justification for those historical highs. It's just coming down to reality. |
Wrong:
Quote: Originally posted by Air Florida
I got a bunch when it was 7 something and I'm sickened by the whole thing :vomit: |
Right there with you... |
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