As most investors and consumers are aware, SiriusXM delivers content to consumers via satellite. What many are likely unaware of is the fact that the satellite signal is supplemented by a repeater network. The repeater network allows you to receive your signal in areas where the satellite signal may be… → Read More
SiriusXM Consolidating And Testing Waters
SiriusXM’s behavior is in consolidation mode while at the same time testing the waters down below. As I stated in previous updates, this is not something to really worry about, as consolidation is healthy. What we have now is confirmation that the equity has had at least a… → Read More
Bullet Point – Low Volume….No News
SiriusXM seems to be holding the line above $2.70. This is a good sign, but there is still none of the anticipated news as yet. If we lack news the consolidation could turn into a dip and we have to be aware of $2.65 and $2.60. Pay close… → Read More
What About That Gap At $2.58?
There is a long standing mantra that all gaps in stock prices will eventually fill. While it is not totally true, it does seem to happen a lot. SiriusXM (NASDAQ:SIRI) has had a nice run up. It moved to new highs in relatively short order, and seems poised… → Read More
SIRI – Consolidation or Peak?
Well, SiriusXM is now sitting in that position where it may have peaked (short term) and may be consolidating. It was a dynamic that I spoke of yesterday in the technical update. I had stated that if the volume dries up that we could see this happen. Volume… → Read More
The “New” 2013 GM Deal And What It Means
When SiriusXM CEO Mel Karmazin was speaking at a Bank of America conference he was asked by Jessica Reif Cohen, an analysts, about a new deal taking shape in Q4 of 2013 and how that deal would be good for SiriusXM. Karmazin essentially dodged the question leaving many… → Read More
Bullet Point – Lower Volume
SiriusXM is trading modestly down on lower volume than we previously saw. If this type of volume remains it will be difficult for the equity to test $2.75. This leaves us with the potential that $2.75 is a near term crest. It does not mean a retracement as… → Read More
Bullet Point – SIRI Up In Pre-Market
SiriusXM is testing new highs in pre-market trading. Currently the price sits at $2.75. Watch volume today and watch for cresting. Cresting is when the volume begins to taper off on a new high. SiriusXM has room to move higher, but we want to try to gauge the… → Read More
Bullet Point – Update To Support & Resistance Chart
My apologies for inserting the Support and Resistance chart from 10-2 instead of 10-3 in last nights update. That has now been corrected.
SiriusXM Valuation – Testing The Limits Or Not?
If you have followed SiriusXM’s Mel Karmazin for any length of time, you are likely well aware that the proper way to value media companies is on EBITDA growth or Free Cash Flow growth (Pick your poison). I like to look at EBITDA growth and use an EV… → Read More
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