Sirius and XMSR…Kaplooey!

I am proud of this call. I have stayed with it and documented this drunken group of executives for a while now.

Here is today’s major bitch slapping .

It’s in the book .

XMSR (XMSR) and Sirius (SIRI)…Shit Squared on Wallstrip…Would You Miss Either?

Last night I posed the following question on Twitter and in my comments…Who would you miss more – Apple or Google?

Today I would have to ask…XMSR or Sirius (SIRI)- Would you miss either?

As a long-term non subscriber I could care less if both went away. They are standing in the way of innovation and satellite radio is very 1960.

Today, Wallstrip catches up with the two dog stocks .

Brian gives you the technical look and sums it up quite well, just stay away:

Here was our original Sirius/XMSR merger show:

Sirius and XMSR (Shit Squared) Still Kicking… But Why? AND Other Busted Trends

My site redesign goes live next week and I have been looking through my archives for some of my personal favorite posts and Wallstrip’s . Thank goodness for tagging.

It’s been a while (October 2006) since I visited two stocks I think go to zero (XMSR and SIRI) . They get less relevant everyday that iTunes and iPods exist. Furthermore, internet services like BlogTalkRadio which are global, open (think NFL network and the 60 year old Howard Stern whitelabelling this service and controlling it for themselves), interactive and free should long survive the satellite radio guys, which is exciting because I am an investor .

Lot’s of things we love die…but satellite radio is one that has been on dumb investor life support forever. The government cares way too much as well about these awful businesses as well . Their management’s have run the businesses like drunken sailors. While nerds complain about a Web 2.0 bubble, more money has been pissed away building out these two turdish models than all of Web 2.0 combined.

I remember when I conducted the first CAR on the street interview with Lindsay:

All-Time Lows is a concept I have been pushing for at Wallstrip because it is just as important to help investors spot busted stocks and models and preserve capital as it is to find stocks in positive trends. We have only covered Whole Foods, Sirius/XMSR and Trump, but I want to do more of this soon.

Whole Foods (stock was in mid 40’s when we did the show in November, 2006 and $31 today)

Trump (also an inevitable zero we covered at $6 and change – now at $3 and change):

Some good times and content over the years for sure. Good memories.

Sirius Lovers + Crox Haters…Made My day…AGAIN

Last week (there is no need to report on these crap businesses in real time) Sirius and XMSR announced plans for post merger price drops.

As I expected, the title WOULD have been CORRECT if they were talking about price drops for their stocks . Both stocks are down 10 plus percent since the announcement.

They have no chance.

They dont have a growth model and their balance sheets bite. Their mobile solution never worked and iPod’s just won’t be unseated at this point.

The iPhone just made these two companies more irrelevant.

I have warned on these stocks forever and will continue to do so. They need to be liquidated.

Patience…The Pause that REFRESHES

This was a long overdue selloff. But, other than crap stocks, I don’t see much damage.

Sirius is back over three and that concerns me more than China. This is worthless paper and if it runs, thats my ‘froth’ tell.

Oil is back over $75 and my USO, the oil ETF and dirtbag stock of my portfolio is now strongly profitable.

“All we need is just a little patience…”

Sirius Satellite gets $250 million more to PISS Away!

The bottomfishers are gleeful with the $250 million loan from the drunken sailors at Morgan Stanley. What a waste. Morgan must be tring to keep it afloat in order to prevent writing it off just yet.

This is the heaviest, most polluted, overvalued piece of crap on the Nasdaq right now and should be delisted for continued drunken activity.

They could OEM Sirius into my butthole and play free Howard Stern out of my nostrils and not get a sign up. Not that it would’nt be cool.

Or you can go with FlyOntheWall (not the good FLY) and just gamble like a degenerate while we buy strength.

I have ripped on the stocks for over a year and Wallstrip has been skeptical for quite some time as well even calling the SIRI/XMSR merger shit squared:

Disclosure – No Positions and happy to use an iPod in my car.

Sirius in Serious Trouble

I have been bearish on satellite radio for a long time now. On February 22nd with the stocks in the toilet, I bagged on them again on Wallstrip . Sirius and XMSR were rallying on thier merger news. Headfake! They are both down over 20 percent since the show.

Why people continue to own this stock is beyond me. Maybe they stop going down tomorrow, but if these stocks are what you are watching and trading while the market continues to act juicy, you will eventually lose all your money.

Sirius and XMSR – Shit Squared is BACK!

So the rumor is that these two (Sirius and XMSR) are merging and will announce tomorrow. They do the same thing with airlines – slam two shit companies together for the shit squared effect. Some people will make money, but not likely YOU.

Unless you are the CEO’s, Bankers, Lawyers, Oprah or Howard Stern…who cares. Maybe Howard has a loophole and can sneak out and spearhead streaming internet to cars.

They say it will save $7 billion. I say only to spend it in a bad way elsewhere.

These are dinosaurs and for the pure speculators. If the regulators are to do anything, they should force both companies to liquidate and give back something to shareholders before it is too late.