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michael – keep pumping it. We need all the help we can muster at this point.
Obamabooey
friggin….
Shorts will control an equity that is surrounded by uncertainty. If Sirius XM is going to do a reverse split, it will be because they are in danger of being delisted…. which will mean July or August of 2009.
By that time we will have Q3, Q4, Q1 and Q2 under our belts, with plenty of data to see where this company is headed. If at that point in time shorts are still in control of this equity, then there is far more to worry about than the reverse split.
Shorts took advantage of SIRI and XM during the merger process because they could. The companies were virtually defenseless. Shorts remain strong because there is no real data out there for people to measure, and the economy is in the toilet. Someone can have just as strong an argument that SIRI will fail, as they can for why it can succeed. That creates uncertainty, and uncertainty breeds pessimism.
I would rather see a reverse split than the company being taken private. The big issue is that people need to prepare for the reverse split to happen. They need to develop their investment strategy now, by using as much information as they can get their hands on.