Hello all!
I've been reading the threads here for a few weeks and have finally decided to join.
Is it just me or does it seem like any time the stock gets any momentum, someone comes out and trys to bash it down.
Weinkes from Goldman comes to mind first, but we haven't heard from him in a while. His job is probably done now that the stock is sitting well below his last target of $0.25.
Now, all of a sudden, after a long overdue 20% bounce in the stock, S&P feels it needs to come out and downgrade SiriusXM's credit outlook. It just seems to me that there are so many people that stand to benefit from the demise of the company.
With all the negative sentiment around SiriusXM's stock, the optimist in me says that any streak of good news will sure to start a wave of short covering and fund managers chasing the stock through the roof.
Thats just my take,
J
