Investor News

As pre-market gets ready to wrap up it appears that SiriusXM may gap down this morning.  Watch the 5 day EMA closely.  If that breaks, and $2.90 breaks we could test the mid $2.80’s.  If I were an active trader I would look to pick up some shares… → Read More

With the action today we are seeing something develop.  The volume on SiriusXM dried up substantially with only about 45 million shares being traded.  Now the trick is understanding what that n=means in the short term.  It would appear at the moment that we have a crest happening… → Read More

We got big volume today, but the equity was unable to break $3.00.  A trade in the mock account was tempting when the equity bounced of of $2.91, but I did not pull the trigger because I felt that even with a nice bounce that there was too… → Read More

Sirius XM Radio today announced that James E. Meyer has been appointed Chief Executive Officer, on an interim basis, effective immediately.  Mr. Meyer, SiriusXM’s President of Sales and Operations, succeeds Mel Karmazin, who, as previously announced, informed the Board of Directors that he will not be renewing his… → Read More

We finally saw SiriusXM test $3.00 during regular market hours today!  That is the good news.  The bad news is that the equity could not hold that level and we are once again below the $3.00 level.  If you are expecting an easy run to $3.25 you are… → Read More

Early indications are that December auto sales should shape up to be on a pace that represents a positive for SiriusXM.  Edmunds has compiled a mid month estimate that outlines the real potential for December 2012 auto sales to be in the neighborhood of 1,360,000 units.  This would… → Read More

SiriusXM has tested $3.00 in market trading for the first time in quite a while and has hit this number on moderate to heavy volume.  While I would like to see a bit more volume behind the move, it does still represent an achievement for the equity and… → Read More

Okay.  The market has had a chance to digest the news, and the big spike appears to have been an after hours event that we all wish we could have sold into.  Such is life!  The important factor is where we go from here.  SiriusXM traded on moderate… → Read More

The new royalty rates set for the years 2013 through 2017 were big news for SiriusXM (NASDAQ:SIRI), but we need to remember that it is not over until it is over.  While celebration is good, this issue is not quite yet put to bed!  There can and very… → Read More

I have sold my Level 1 Over Core at $2.87.  This leaves me with only my core position of 500 shares and $1,421.35 in cash.  I will look to re-enter with a buy when I see volume dry up and the equity settle down a bit.