Initial reports that Standard & Poors has upgraded Sirius XM debt had me a bit concerned. The ticker coming across the dow Jones Newswires indicated that XM Holdings was the beneficiary of the upgrade alert. XM holdings however no longer exists, as it was merged with and into XM satellite Radio Inc. It seems...
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Many of you have asked for an update on my point & figure chart on Sirius XM. The trading anomaly I have been highlighting of late has led to some very nice gains for those that followed the madness to my method. For those unfamiliar with said method, let me offer a little background on...
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Here is a graph of the stock market crash over the past ten years, from Business Insider Clusterstock: The S&P 500 has declined approximately 85% from the 2000 high. This rivals the 1929-32 crash where the Dow Jones Industrial Average lost 89%. These two declines are the worst U.S. stock market declines in history, when looked at with respect to...
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On Friday, we learned that several market makers had filed a complaint and met with the Securities & Echange Commission regarding the gaming of sub $1.00 stocks, while highlighting the manipulation of Sirius XM & YRCW specifically by as yet undisclosed persons. The issue itself allows for certain high net worth persons and institutions to buy...
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How far are we from a bottom in U.S. home prices? There are many estimates that there could be another 10% or more for the national average and median prices to decline. This author estimated that 2010 had a most probable decline around 11% from December 2009, with further declines possible in 2011. Little...
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Well surprise, surprise! For six months Sirius XM investors had cried foul over what had appeared to be manipulative trading practices involving its stock. TheStreet.com referred to some of the conspiracy articles I had written months ago as tabloid fiction while descibing Sirius XM investors as “cult-like.” A news report just issued over the...
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