With revs up, subs up, loses down, the stock fell like a rock. What the heck happened? All good news, it should have hit $4.00, instead it dropped to $3.29.
With revs up, subs up, loses down, the stock fell like a rock. What the heck happened? All good news, it should have hit $4.00, instead it dropped to $3.29.
I have two words for you - BUYING OPPORTUNITY!!
I used todays news to pick up some more XM at a 12% discount to yesterdays price and much closer to my entry price that I was looking for.
The reason I went with XM was because I was able to get a better deal with its larger drop and 4.6 ratio when the merger goes through. I got in just slightly above the low for today, and it is already on its way back up. (Already up 2% in after hours trading)
FYI: I am thinking there will be about a 3-5% jump tommorrow, and then regain the rest of the drop over the rest of this week. So get in while you can.