Originally Posted by
airman
It is nice being a long. If your target is a min of selling next year or beyond this should just roll off your back. For those that need to get out in a shorter time frame there is still support coming from below. But BE CAREFUL who knows what the next weeks will show.
I figured I would go out on a limb and say that we will turn that corner soon and have a more steady rise. As the 50 and the 200 converge we will eventually break through cleanly and the 200 will become an additional support on a slow climb upwards. As the news gets digested and some finally get fed up and get out at these levels,
Others will start to see the silver lining is now beginning to show. Improved guidance for adjusted income, Maintain cash on hand(slight reduction),reduction in cash costs being realized. Subs did take a hit but in this environment It should be expected. But The silver lining there is that the self-paying subscribers only dropped 1%. Churn takes a small hit,expected, But we Bring on the camry. Isn't the Camry the #1 sold model? And even more the Camry types may be more inclined to satellite radio than the Chrysler/Gm types(who knows ...just guessing). Renegotiated contracts(I Havent seen the details butthis could be the biggest thing that came out)
Iphone app still coming ....(never thought this would make a real difference to any substantial amounts of potential subscribers but it will in the media probably)
So in the end Keep heart. We are on the right road.