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Sirius XM Holdings Inc. Message Board

  • cjclink3 cjclink3 Oct 25, 2013 11:22 AM Flag

    Cramer, Sell Sirius when it was $1.50/sh

    Remember when Cramer got disillusioned with Mel Karmazin a few years ago. He dedicated quite a bit of time telling everyone to get rid of the stock. He'll kiss Goldman Sach's _sses anytime they ask.. Sirius mgt will take advantage of this downgrade, buying back huge amounts in the mid $3s, and will then surprise everyone in future quarters.
    Sirius similarity with Taser. I own Taser since $5, now $15 in a quarter. Same thing last earnings, company announces huge buybacks at $9/sh, analyst didn't like last earnings, sold down to $8/sh, then after a few announcements, the stock went to $17. Sold a lot there, plus sold calls on the balance. Upgrades/downgrades....they are all intended to make the brokerages money, shake the shares out of your hands. However, do some selling on big run-ups, then sell calls to make some money, etc.
    Disclosure: I hold 20,000 shares of Sirius since a $1.09 cost basis. Sold 5000 at $4.14/sh (cost basis was $.93/sh) on those shares. Yes...listen to Cramer and the Goldman boys.

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