Good morning everyone here at the Buzz,looks like we are getting some News about an I-Phone APP release tomorrow June 18th by SXM..If true,it's about time and very much appreciated for this stagnant SP,which don't believe it will move much because of it until all the ramnifications of how much Revenue and subs it will bring,also what content at what cost will be associated with it,and of course will it work like on-line or as a portable SATRAD as reported else where.
Now usually smart money knows these things before us common retail investors,so if it is coming and has an affect on the SP we should see it move in Pre-Market today and in the afternoon also..But remember it was floating out there most of today on the Web and SP stayed flat and closed RED...This leads me to believe it will not have an appreciable effect on it,YET,
until it is absorbed and if it contains good Revenue possibilities.
Just remember there are no BOOGIE men in the stock market,just gamblers and cheaters,who will prey on your fear..so stay calm and make rational decisions with YOUR money,keep emotion out of it...JMHO
Post away all and see you in the market..