Im guessing that the share repurchase was not the reason for the afternoon move, b/c like you said the news was out at 8am. Probably something else I just dont know what.
I am never one to bash but this is without a doubt a scam.
Order given to go ahead and kill Bin Laden on Friday, no idea on time, but silver sold off in the afternoon on no news while gold rallied. This morning when Asia opens, silver trades higher initially then plummets while everything else stays constant. Only 2 hours later we find out publically Bin Laden was killed on Friday. Im just saying kind of strange.
hey remember when you said this thing was going to the moon good call......just wanted to come back and remind you how great of a trade that was
im long gone on this thing, i make trades not buy and hold. You wont see me on this board again until this thing goes to 16, if it ever does. good luck
sirius just be honest you dont really know what your doing, your not gonna make millions let alone $100k+. You read some great book like Benjamin Grahams Security Analysis and think you can buy and hold severely depressed companies in the hopes of turning your 100 shares into a $1k gain after 5 years.
For as much so called bullish evidence that you guys have put out there the stock has yet to make any significant push up the last 5 days. So if it breaks 12.63 today I might start to change my tune regarding the stock. If not, I find it funny that no one is willing to buy a stock at 12 when its "worth 36". Good Luck all
Since sirius is sooooo smart, explain why they have consistently carried a massive cash position in relation to there market cap for the past 3 years, but it hasnt matter until now when idiots like you think it does? Do you think if there cash balance mattered all that much, wallstreet wouldn't have caught on a little quicker or are you that smart your seeing things the banks dont? quit filling up these message boards with your useless bs.
you really are not smart......there cash/short term investments are a non factor. They have continually had $150mln in those for the past 3 years. Unless your telling me someone overlooked this fact for 3+ years, you should not be weighting this to heavily in trying to come up with a value for the company.
your a moron.....its book value has been well above the stock price for the past 3 years. it is irrelevant with this stock
your reiterating the same stuff that has been out for weeks if not months.....i'd appreciate it if the people on here actually talked about things that were current, not just some self-serving bs
someone is playing a great game with this stock. Huge option volume in the 40 calls of jan from .01-05 cents per contract over the past week. Today hit a high of .85 cents per contract. Solid trade.
I agree, but people are probably assuming the common stock is gonna fall due to the massive increase in share count. So short the common long the preferreds.