posted
Rep. Gene Green (D-Texas), was on Mad Money. Stated if the Merger did go thru and Sirius raised the subscription to $25 dollars it would create problems for the consumer?!!!!!!!!!!!!!
Gene Green are you kiddin' me??? As it stands right now if the consumer wants baseball and football on sat radio they have to get both a Sirius $12.95 and XM $12.95 subscription. And twice as much electronic gear.
The question is do we really have a monopoly? Do terrestrial radio, cable tv, apple iPOD, Internet radio count as competition? Just another politician taking money from terrestrial radio. Give'em hell people.
posted
Ran up a bunch pre-market, then was down over 5% a minute ago, so I got some at $2.97.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
in at 3.00 do you think that this will go anywhere short term or is this going to take months?
Posts: 333 | From: Cullman, Al | Registered: Sep 2005
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posted
I pretty much only play short term. I will be out today, eitehr at $3.30 or EOD.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
FCC Chief To Recommend Clearing XM-Sirius Deal; Conditions Include A La Carte Subscription Monday June 16, 3:35 am ET By Rafat Ali
Everyone has "learned" it at the same time: U.S. Federal Communications Commission chairman Kevin Martin will recommend clearing Sirius Satellite Radio's (NasdaqGS: SIRI - News) proposed purchase of rival XM Satellite Radio (NasdaqGS: XMSR - News), and will remove the last big hurdle for the $5 billion deal, with a vote in as little as three weeks if the companies meet several conditions, reports WSJ, and others. Justice Department antitrust officials signed off on the deal, but FCC officials disagree with the assessment that there's enough competition from the likes of online radio, iPods and other sources. ADVERTISEMENT
The conditions that the deal may come under are designed to protect consumers from price increases for satellite-radio service and inflated prices for satellite receivers, the WSJ story says. Another condition calls for additional service options for three years to give consumers choice determine to which channels they want to subscribe, meaning a la carte, that would be available within three months of the close of the deal. Also, the FCC would also require the combined XM-Sirius to set aside 8 percent of its channels equally for non-commercial and minority-owned stations.
AP: The companies also agreed to an ''open radio'' standard, meant to create competition among manufacturers of satellite radios. The ''a la carte'' option will require new radios, the companies have said. In addition, the companies have pledged to offer radios that are capable of receiving both services within one year. An ''interoperable radio'' requirement was part of the two providers' license agreement 11 years ago, but the companies have never brought one to market, a point regularly brought up by merger opponents.
posted
Well, I lucked out and picked up some shares on Friday at 1.80. I put in the buy order on Monday and just noticed that it filled on Friday.
Still no formal decision that I can find, guess I should take any advice from Howard Stern with a big 'ole salt block... Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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Nice job Peaser I missed the 1.80 and wish I had gone up to 1.81-1.82 cause it hit that mark quite a few times. I think you'll do fairly well tomorrow. Are you holding the week or geting out at a target price.
Posts: 492 | From: new york | Registered: Jul 2005
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posted
IMO, the merger is already priced into the pps. It might run a day on hype, but not anywhere's close to 7.50 or 9.00. IMO, $1.00 will appear before $5. IMO, if it gets close to $3, it's time to jump and open the parachute.
With GM and Ford looking to go belly up, it will have a direct effect on Satellite radio since many satellite radio sales go hand in hand with new vehicle purchases these days.
Looks like another kool aide drinking contest in the works here...
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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I'm staying in until the merger is announced to see what happens. That's the only reason I'm holding. I'll put a trialing stop in to protect what gain I have. If it's at 4 on the announcement I'll probably definitely drop out. Good luck Peaser
Posts: 492 | From: new york | Registered: Jul 2005
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posted
Initially I believe there will be a pop in pps due to the approval announcement. I don't believe the pps will hold for long after the announcement though. There should be some wild swings on the day of the approval, so myself and many daytraders should have fun.
I believe that you have the right plan of action jgre. Just don't get greedy.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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posted
I think I got a handle on the greed........ it's the stupid part I'm having trouble with.
Posts: 492 | From: new york | Registered: Jul 2005
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So, here is a thought for everyone. Not saying it will happen anytime soon but think. You can get Cable through satelite. Why not have the Cable come in through XM and SIRIUS? If they would offer that in cars, I think their subscriptions would go nuts!!! Maybe down the road we will see that kind of stuff.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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posted
I had a feeling to get out yesterday morning before the market opened... I didn't but I was looking at the pda when it dropped to 2.06 and I was was pissed I second guessed myself on the sell. Today made me happier and tomorrow should be exciting.
Posts: 492 | From: new york | Registered: Jul 2005
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posted
Thursday, July 24 2008 7:50 AM, EST SIRI & XMSR: Deal closing probability increased to 99%*SBSH Fly On The Wall "All News " Citigroup increased their probability of the deal closing to 99% from 90% following news that Deborah Tate has agreed to vote in favor of the merger. As a results, the firm raised Sirius Satellite's (SIRI) target to $6.50 from $6 and XM Satellite Radio's (XMSR) target to $12.50 from $11 .
Posts: 134 | Registered: Dec 2006
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I would think this would have to be settled within the next week. Every news article says "finally, or after the longest wait etc.etc.." Someone has got to be pressuring them to get this wrapped up. They are making themselves and the fcc a joke. I still feel comfortable with my entry but wish I got out the other day on my gut and got back in.
Posts: 492 | From: new york | Registered: Jul 2005
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