Originally Posted by
relmor2003
Going to treat .44 like .34, and .42 like .32, see if that works for me. I think we hit at least .46 today, going by premarket, and where yesterday traded for most of the day. No new news. Not really much selling between .44 and .47. Problem is, theres not much buying either. MOst retailers may have shot their loads in the .30s waiting for a breakout, or already rebought in the .40s. New money from retailers is not coming in on enough volume, meaning this sucker moves when institutional buying picks up again. Or the MM's get impatient, with the CC looming. Should get a decent run up into the call, just dont know from what starting price, or if it can hold gains this time. I think the MSM article after the CC will read this..
SiriusXM losses subs again: Is this the end of the road for satellite radio?
With 2 consecutive quarters of negative sub growth, analysts are predicting SiriusXM could find themselves right back in BK talks sooner than you think.
I can see it now. So I would get your sell finger ready that day(over core only of course). Just maybe not as much as last call, we will drop back(depending on how much SI really closed out, we will know on 7/10). But that doesnt mean new shorts can open, so as with all information, take it with a grain of salt.