Originally Posted by
Faulkner_SA
Why is that a joke? There's little reason for it to have broken through previous resistance. People happy to sell. People waiting for $4 to sell. People get bored because it doesn't go up every single day.
What news or developments have come through to generate additional interest above and beyond what was generated by the beat in sub adds issued in January when the stock was around $3.40? It moved just shy of 20% since. Should it have moved 40%? 60%? 80%?
You've mentioned clearly that you are uninterested in purchasing or adding at these levels but would be a buyer in the $3.70's. Perhaps others are looking at the same and happy to wait? Why do you feel people would be interested buyers at $4+ and why are you uninterested in buying there?
I agree that SIRI is still at the bottom end of valuation even if it is a little better off right now vs. the end of last year, but the fact of the matter is there are probably far fewer people out there willing to buy or hold at the highs, and probably far more doing the same... waiting for that pullback or selling at or near $4 per share.