Originally Posted by
JohnnyIrishXM
not really sure this run up is related to Skydock,but rather upgrade in credit rating and 2Qreport and improving auto sector,also improving balance sheet.
most smart investors are looking a year or more out,not the next news item or report..As i said,when the last 2 new bond offerings were done SXM had to show the books and provide guidance at least until bonds are due and you saw the result of this,heavy and greater interest in SXM debt..bond buyers are very conservative and wouldn't touch anything too risky,Street saw thisa and has been uptil 3 weeks ago getting in quietly,but not anymore,no shares available..Hence run up..
But tomorrow is also important to keep short term momentum going,all depends on what else is presented and how it's presented..