SiriusXM dipped down but did not break $2.85.  The bounce brought it back up to about $2.90.  Key level at $2.90.  I do not see this getting past $2.95 in today's action, and it appears that $2.85 might be the floor.  Karmazin news has, for the most part, been absorbed.  Now is time to set up for the Conference call.  A test of $3.00 may happen Friday.  If you are active in trading look for you opportunities, but know that this will swing quickly.  In my opinion you want to be in your desired position by Thursday morning.