As I write this, Sirius and XM have shown a bit of life after all, and perhaps a new level of support for the satellite radio equities has been established. As the trading day enters its last hour, Sirius and XM have both turned around and have begun to climb out of the hole brought on by selling pressure earlier in the day.
While a full recovery has not yet materialized, fears of a long and down afternoon seem to be fading. If nothing else, investors at least have an understanding of the types of movements these equities are subject to without news.
Chart From Yahoo Finance
Position - Long Sirius, Long XM