There will certainly be debate at some point about whether or not the after hours close at $1.00 of Sirius XM today will count toward the ten days of above $1.00 required to regain compliance with NASDAQ. The simple answer is NO. The NASDAQ rule is quite specific. The closing BID on the stock must be $1.00 or higher for ten consecutive trading days.

The stock does look like it will eclipse the $1.00 mark, but investors should not start counting the days until the closing bid is above $1.00.

Position - Long Sirius XM