here comes .35...
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here comes .35...
Thank you Beach G. It does appear that 1) Sirius management comments 2) iPhone APP coming (and here in a junior form) 3) improvements in market conditions for SIRI and 4) a likely decline in the overall market in the shortrun (which frees up profit taking in other stocks) may lead us back to .40.
FYI, I actually was the lucky seller of a small block at .435 a few weeks back, which I believe in the recent period high.
I think i can help with this, but correct me if I'm wrong. The existing app will allow EXISTING subs to log in and stream content through their iPhone. The new SXM app, when it comes out, will allow people WITHOUT existing subs to download the app, pay a monthly fee, and stream the music, with full content, user friendly interface etc.
So, the app that's out now essentially means nothing to the bottom line, other than increased exposure, etc. When the new SXM app comes out, it opens up a HUGE new revenue stream that directly goes to the bottom line.
Brandon, does that sounds about right?
I know this is old news but word is getting out
http://www.crunchgear.com/2009/04/01...one-right-now/
damn...c'mon there is no one selling here....only 82k at .34 and they keep throwing up shares...
close may spike in a big way today people...
we have MOC orders plus we have the potential of short covering on the oem data...
To gauge how awesome the Pocket Tunes is likely to affect subscriber growth, let's take a quick poll.
Who here wants to pay $10 for something that will be FREE in a matter of days/weeks?
YAY?
or
NAY?
....i'm going with Nay. I have an iPHone and I've been *DYING* for the SIRI-XM app...but paying for a free product doesn't make much sense now does it?
Hoping your right on it. This groundhog day is getting old - although I appreciate the continued chance to get in more shares.
Been lurking in the shadows today .... I am hoping the better than expected auto numbers kicks in.... coupled with the fact S-XM is turning 30mil iphones into a way to provide the best content out there....
Annualized rate now 10.5 million.....not counting obama incentives...
GM: March Light Vehicle Sales Expected 9.8M Vs. Ford Low 9 Mln
Last update: 4/1/2009 2:48:19 PM
By Doug Cameron
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Executives at General Motors Corp. (GM) suggested on Wednesday that U.S. industry sales had bottomed despite a year-on-year decline of more than 40% in March.
The company, facing a May 31 deadline to meet a U.S. government-imposed restructuring, offered a more optimistic outlook than rival Ford Motor Co. (F).
Manufacturers all reported an improvement in business at the end of the month, largely driven by new incentives.
Mike DiGiovanni, GM sales analyst, said the trends "bode well" for an annualized industry selling rate of 10.5 million for 2009.
"We're seeing some stability in the overall SAAR," he said on a conference call, noting "the first signs of brightening".
GM's own sales fell 45% in March compared with a year earlier, but like the top five U.S. manufacturers saw the rate of decline alleviate compared with February.
Ford executives had said on an earlier call that it was too early to call a bottom, though economic indicators suggested improved demand conditions would emerge in around three months.
GM shares recently were down 2% to $1.90. Ford shares traded at $2.71, up 3%.
-By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com
(MORE TO FOLLOW) Dow Jones Newswires
Guys,
I started a new thread on financial educational materials. Check it out.
Gotta sign off now. Will talk to you all tomorrow.
Can anyone tell me what "sticky" means always associated with this daily thread.....just curious