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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?


To: rjk01 who wrote (5943)1/19/2007 8:43:15 AM
From: HEXonX  Respond to of 8420
 
rjk-

Gainseeker on IH someone saw a 4.8M block go through after ours. Here is his post:

Have any one observed what happened on the after our trading section, I was observing the amount of trades that was going on and then suddenly someone purchase a staggering 4,8 millions shares of SIRI for a value of US19,152,000.
I found that very impressive, that out of nothing many were buying shares of siri in a large quantities and it did not stoped until 8pm, I believe that we will see a big gain from now one or some one knows that something is going on causing this buying surplus.
I don’t think that an investor would put so much money on one stock such as Siri without knowing that something is about to happen specially US19M unless he or she knows more info than we do.
When I observed that I automatically call my broker and coincidently they had looked the same thing and they were actually talking about that specific transaction, why and how they say they will try to find out and they also have mentioned that all orders last evening were pure buying orders with very short selling going on.
Does any one know what is going on? Because I am lost and I was away and only saw what FCC mentioned and also have noted that they have corrected today what they have mentioned in the market yesterday thus causing this mega buy.
I took a snap shot of the page of the after ours to show you guys, I believe we are into something really big and its going to fly and fly very high after what I observed tonight.

After Hours Trade Reporting Thursday January 18

After Hours
Last: $ 4.01 after Hours
High: $ 4.06
After Hours
Volume: 5,673,051 after Hours
Low: $ 3.99

19:16 $ 3.99 4,800,000