By 6/29 JM will have completed both forward contracts and every time SIRI falls 20 cents he will get a MARGIN CALL for 106M to cover the trigger price in the contracts. What is even worse is that LMCA's price is tied to SIRI's price and it will fall in tandem with SIRI triggering MARGIN CALLS on LMCA. The chartists will already be shorting SIRI prior to 6/29 due to the impending DEATH CROSS. Your announcement will trigger the stop loss orders sending the stock down further. At this point the convertible bondholders will see blood in the water and short this thing into oblivion. I want JM to get massive margin calls every day so we strangle his available funds. Then CNBC will run a piece saying JM is paying 2.15 for a stock that is now selling at a buck and hold him up to derision. Not only that but the value of NOLS has shrunk in half so that the economic underpinning of the takeover is gone.
I know you are concerned about the current shareholders but they are COLLATERAL DAMAGE and they will be replaced by new shareholders. You have to understand we are in a GUNFIGHT here and we have to consider all options including the NUCLEAR one.
I expect the stock to fall to 80 cents but once I set this in motion, I will lose control of the process and unintended consequences will surely intervene. I can't control JM's response and the CBH may push the stock down to 60 cents. Ultimately, they will cover their shorts and get on the right side of the trade and SIRI will see new highs although there will be a rough 2/3 months ahead. The decision is up to you. We need to destroy the stock to prevent the takeover.
Last week, I predicted the spreads on the 10 YR Spanish and Italian Bond would blow out and they did. Spain will now need a bailout. The Greek election will lead to another stalemate. Greeks will continue to milk Europe for 30B a month until forced out of the Euro later this year. Equity went up this week, bond yields went down. Bonds have it right. Expect a big equity sell off soon. I am leaving for Vegas to play in the WSOP. My thoughts will appear on weekdays for the next two weeks depending on the whims of the poker gods
That guy is an idiot.
He used to follow others on the board, now he and Outboard are like soul mates. They both have been preaching buy/hold since the spring time top. Cash was out during the late winter, but got in around 2.10-2.20. He has been riding it down since then.
They have had plenty of warnings. A lot of us have been giving them evidence upon evidence that this will turn out like DTV, Second class shares with Malone getting the Class B shares with all the voting power. Institutions will cash out and get a nice little payday post RMT. The new shares will crumble, eventually finding its footing much lower (comparable to today).
Institutions will buy back in lower (after it gets above a buck assuming it gets there), then and only then can the stock move forward.
Love the company, hate the stock.
But I'm only talking about doubling my money. And to double your money even if it takes a year and a half, or even two years!?? Slam dunk!!! What do you think about what my trading strategy? I want to know!!
thanks i bump u! this is too hilarious. what a dope Cashbar1 is! the board idiot for sure!
i already have my buy order in at 80 cents! i don't want to be too greedy. I Sure hope that Cashbar1 town idiot realizes that he is on the wrong side of the trade. That boy is pretty dumb always doing the exact opposite of what he should be doing. didn't he say he made $1 million dollars trading Sirius? LOL!!