Originally Posted by
Faulkner_SA
Nothing terrible about flat during a buyback. Be even better if 2015 closed $3.50's.
Imagine if the price had cratered to $1? Be even better.
I know I know "who cares about the health of the company, the efficacy of the buyback, investing, etc." it's all about the trade, flip this buy that sell this short that buy this.
Works for some. SIRI has been terrible for those looking to sell this year, for sure, when comparing with the highs of last year. My only question to them is why didn't they sell at $4.18 when the sell target (or at least my own sell target... I realize others were higher / lower) was only $4.25 3 months later? =/ crazy...
And there are still about half of those people left. IMO 2015 could easily drag the same range for the entire year, but if I had to "guess"....
Drags $3.50's to 2013 high area ($4.18) and closes at or near that $4.18.
Jan 2016 gets to the point the low $4's are bottom end valuation in my opinion anyways / strongest buy area, etc.
Also depends on if LMCA has any interest in selling any back ... if they want to the price will likely run a bit.