Tuesday, March 2, 2010

The Hardest Trade of The Year

Right now we are fighting for our lives in the trading pits. I got caught buying SIRI at the 1.01 level and it is now in the process of a bear raid. The company has to trade above a buck for 10 consecutive days before March 15th or face possible delisting by The NASDAQ. Unfortunately, we bought a fairly large amount of shares and are now delegated to making the hard decision of bailing out for a rather large loss or standing strong. There is a lot going on....The Howard Stern contract, valuation, delisting timing, and of course manipulation. Truly a tough hand to play. The volume is huge and I prefer not to play in these situations; however, I got caught. There are a lot of players and billions of dollars at stake here-the number of players is quite substantial. Stay tuned....It is snowing hard in Georgia and this is "The Ice Bowl" - we are going to have to make a very tough decision very soon....Vince Lombardi: Help us now.