SIRIUS XM RADIO: WARRANTS NOT TO WARRY ABOUT ANYMORE
Started Mar 02 at 9:52AM (EST) (By DEVILANGEL)
Symbols: SIRI
This warrants you see below were issued in August 2008 and are linked to SIRI stock price. It doesn't even matter what conversion rate is in warrants, what matters to me is since the warrants were issued SIRI never traded higher but warrants were always trading higher till now. It only shows that there is a huge optimism in derivatives trades on SIRI but as a company they are simply underperformers. With such a bullish trader sentiment stock will go much lower, trust me on this. By the way this warrants expire on March 15, 2010 and even at $0.06 they are overvalued by 99.99%
Sell SIRI short.
Chart of SIRI and SIRIW:
http://pennystocksking.angelfire.com/otctrading/index.album/siriw?i=27
Chart of SIRIW:
http://pennystocksking.angelfire.com/otctrading/index.album/siriw15?i=28
Sell SIRI short.
Chart of SIRI and SIRIW:
http://pennystocksking.angelfire.com/otctrading/index.album/siriw?i=27
Chart of SIRIW:
http://pennystocksking.angelfire.com/otctrading/index.album/siriw15?i=28
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
- Advertisement -
0 Comments