Santorum's Surprise...
JIMBO
What is the deal with SIRIUS and XM? How does the M&A transition occur? Should I
be worried with how the stocks are trading? I am a little confused...this all
seemed like good info with the FCC FINALLY APPROVING THE MERGER!
Thanks for the help!
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LOL. Glad not flipping my lid with SIRI. Saved a ton of stress. Just enjoying
all the holders complain now.
THIS STILL JUST MAKES NO SENSE
COME ON...SIRI TRADING AT $2.00???
(YOU GOT TO BE KIDDING ME)
WHATS THE DEAL? BESIDES THANKING THE FCC
Good observation clarky
the trade is over the pop was too 2.70 ..they r going too have too raise capital
and delute the shares witch means its going too be harder too move the shares
higher..i think this trade is over,,maybe u get a lucky upgrade and can sell on
a pop but with slow auto sales,and more and more compition its going too be very
hard for siri too make a come back
actually cramer recently said he was ok with this being your spec pick in a
portfolio, he just said that the bonds were probably a better play. To justwin,
siri would have gotten to 5 if the paid off gov't had done its job and approved
it last year. It nearly went to 4 in march after the DOJ approved it. I guess
it was a mythical person that bought 11 million shares as soon as the DOJ
approved it. Believe it not there are people who really like satellite radio.
notice even with this ridiculous merger limbo both companies added a significant
number of subscribers this quarter. They will become profitable next year and
the stock will go higher from this point.
If you were holding simply for a bounce on the news, that ship sailed when the
FCC took nearly 500 days to make a decision. Long term this stock will go
higher though.
Your correct...it sure is a spec play...but I don't see how you don't think he
is not reccomending it--he has been counting down for them to merge since only
God knows when.
And from what I remember...he believes it to go up to $8.00p/s possibly
Yea he stopped saying it was going to $5 after the merger about 3 months or so
ago. Obviously it would never have went to $5/share. There was no logical reason
for this stock to do anything but go down after the merger was announced.
A bunch of longs waiting for mythical buyers to bid absurd prices for their
stock. That spells disaster for the longs.
If you had followed him on this, he has not been recommending a play here -- too
speculative-- for the past month or so.
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