I'd actually agree with you here. It has to be wildly frustrating for a lot of people who may need to sell (or simply want to sell). It's a buyer's market for SIRI and not really friendly for the sellers. And with guidance like that it could drag around for the whole year yet again.
People may want to sell SIRI and flip around in other stocks. I know I have said it a million times but as a buyer (both periodically during the year and due to the buyback) who isn't interested in selling at these valuations... I'm pretty happy at the opportunity this provides on the buy side for both myself as an investor and for the company (my shares) in terms of the buyback.
If it drags here 2015 will absolutely exhaust retail unless institutions decide to become net sellers on a percentage basis.
The average buyer of buy under the 50 day MA is currently exactly flat for a 2 year investment. They may be happy to sell any pop... and thus turn into a simple holder of SIRI for LMCA for 2 years for free...
It's rather fascinating. Going to get far less fascinating, I think, once retail are hammered out.
$3.40 for SIRI today is cheaper than $2.97 for SIRI in 2012.... just sayin'