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Thread: Stock just dropped .75 cents

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  1. #1
    tcm1968 is offline
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    Joined: Dec 2007 Posts: 6

    Stock just dropped .75 cents

    So news must be coming.... I'll go with the glass half full and the stock dove so people could jump in before it shoots up Hopefully all the 'insiders' betting against the merge are dumping...

    day low of 2.76
    Last edited by tcm1968; 12-12-2007 at 03:25 PM.

  2. #2
    tcm1968 is offline
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    Joined: Dec 2007 Posts: 6

    Guess this was the reason for the sudden stock drop today

    WASHINGTON, Dec 12 (Reuters) - Lawmakers on the U.S. House of Representatives Judiciary Committee have expressed concern about the Justice Department review of Sirius Satellite Radio's (SIRI) proposed purchase of rival XM Satellite Radio (XMSR).

    In a letter dated Dec. 11 to Attorney General Michael Mukasey, Reps. John Conyers and Steve Chabot wrote: "We were dismayed to learn of recent press reports suggesting that Justice Department staff may be trying to rush through the merger before you have an opportunity to fully participate, and that Assistant Attorney General for Antitrust Thomas O. Barnett may intend to grant the merger over the objections of department staff."

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