I think that Jim Meyers is going to do a great job as CEO for Sirius, but I think that the overall market wanted to see someone else.
Sirius is on the right path overall.
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MJNA letter to Shareholders today.....fingers crossed, and toes, and eyes....
https://eresearch.fidelity.com/erese...=USPR____&sb=1
I thought it was a very good Q1 call and results....nice to see buy backs started. I may be a buyer at these prices...will wait to see what happens when markets open
SIRI with 35M shares trades in 30 minutes and up to 3.165
A good day and year begins......
They said in the Bloomberg news story bit I posted earlier today of every dollar in subscription fees thay take in 70 cents goes to free cash flow, and they said and I agree, WOW!
I was hoping for a pop to at least 3.20s. If we don't get there, I may peel off some shares later today. I wouldn't be surprised if we get dragged down to $3 again in the coming weeks/months to facilitate more cheap share buybacks.
Sold a small bit at .164, some of my higher costs basis shares, I need some losses in this cash account, basically made 30% in a day and took some losses too. That's what I see through my rose colored glasses.
Hopefully this quick top today will settle on a good level of support for a continued run up but 50/50 (short term) in my opinion. with this one...
I'm with you, Switch....... As I mentioned yesterday, if there's no real bang from the cc then I'm taking my powder to more-productive shopping grounds. It's been too long for us to muck around this level with no indication we're going anywhere soon. I sold several chunks of my remaining holdings at 3.16 and 3.17...... The last of my nearly 5-year love affair with this symbol is on the sell block at 3.18. Once that falls, then I'm not looking back.................... Personally, I'm waiting for FSLR to do a dip so I can increase my holdings there.