SIRI:
Media Bashing Continues!! Just wait for Q3!!
Start trading SIRI with real money!
Rate Analysis
4 ratings
Posted 333 days ago on 10/10/09
SIRI will go UP
$1.00 on 11/10/09
$1.05 (90.91% from time of market call)
This stock has been routinely bashed by the media, but the previous couple weeks have been particularly brutal. The slew of misinformation and deceptive articles is, IMO, a outright coordinated attack to illegally manipulate this stock price.
Here are just a couple recent misleading headlines:
"Why Sell Sirius XM"
by Rick Aristotle Munarriz
"Insider selling hits the satellite-radio powerhouse."
Motley Fool
Rick forgot to mention that these sales were already set in motion last May. The execs adopted a 10b5-1 plan in which their bonuses were issued in stock. The sales of these stocks are incremental and required to AVOID allegations of insider trading. In other words, it does not matter what the execs know, they are just realizing their bonuses given for working the nasty merger through.
"Poll Says Sirius XM Headed For Bankruptcy"
By Sung Moss
"Is Sirius XM headed for bankruptcy? That's the consensus of users of TheStreet in our latest poll."
TheStreet.com
The original title was "Sirius XM Headed for Bankruptcy, poll says" which was changed the following day. The damage was done and was down 7% on the day. The poll was was of "readers" of TheStreet and you could actually vote as many times as you would like.
IMO, these sites continue to recycle old or false news to promote an agenda.
Brandon Mathews has released a factual rebuttal article explaining this much more eloquently than I.
http://seekingalpha.com/article/163848-negative-media-attacks-plague-sirius-xm-radio
Q3 numbers will blow away projections, with subs UP and churn DOWN. The great success with CFC program and the Sky Dock release are greatly underestimated IMO. Hold on for Q4!!!
SIRI will watch a nice run up to the Q3 CC. May even hit a dollar about that time as another squeeze should flush out more shorts. Institutional buying will then push it up over $1.25 in first couple months of 2010.
NO BK!
NO DELISTING!
NO SPLIT!
All fear mongering!!
I called it from .06 to .25 in 30 days when everyone was screaming BK. I believe I am right on this as well.
Long SIRI
UP 50% in less than 4 months.. +1000% in less than a year!!!!
Thats not a "trend down" and a pretty far cry from "you will lose
most of what you put into this stock"
Did you have a short position, or just short sighted???
sure glad I would have never listened to your lame advice... hope
no one else did..
It's ok though.. I am laughing all the way to the bank on this
one..
longgggg and hard SIRI.. locking up retirement before 40 is a
beautiful thing!!!
I don't believe this stock is worth anything. It is worth about 8
cents a share if you look at it in terms of assets, according to
Vectorvest. It does have an outlook of earnings growth, but the
best anyone holding this could hope for is a takeover.
The fundamentals are so poor, why not pick six other stocks with
negative P/E's and roll a dice. You'll probabaly get a better
result that way. I had a technical look at this stock, and
regardless of what you say it doesn't change the fact its oversold.
All those morons on Wall Street with their millions of dollars, and
their vast conspiracies to devalue this stock, are what is
devaluing this stock.
People have been saying this all year, and for the last three
months, they have all been losing money. What makes you so sure
this stock is going anywhere? Why not look at all the big firms
analysis before the crash and see how wrong they already are.
The trend of this stock is down. Going long on this stock now would
be like going long on GM just before it became Government Motors.
Buy low and sell high only really works if you find the start of an
uptrend. There is no uptrend.
You will lose most of what you put into this stock.
everwood
