It doesn't appear we will be down in the a.m. already 1.7 cents up to .56 after hours on pretty high volume from the norm.
There is alot of momentum for day traders and the shorts are getting murdered and are covering and shitting down their legs right now. The Cash for Clunkers extra 2 billion is the topper on the cake, so we hit at least .63 tomorrow and close at at least .60.
After that I have no clue what will happen Thurs after they report, but I can tell you it will be really volatile.
See we go to weekly threads and we have 222 posts in 2 days LOL
im with you on the over .60 but my escape plan is .595, trying to catch it at the "changing 10's places" stall.
check this out, 13 cent loss thursday??
http://www.reuters.com/article/marke...BrandChannel=0Analysts on average expect the company to post a loss of 13 cents a share on revenue of $609 million, according to Reuters Estimates. (Reporting by Franklin Paul. Editing by Robert MacMillan)
sorry that .13 loss is for the year, if you go here the analyst estimate is -.02
http://finance.yahoo.com/q/ae?s=SIRI
They likely won't lose much more than 200k and the .13 loss is an error. There will be one time charges, but even with that something is way off, so it must be the estimate for the year.
The important thing is that the 3rd and 4th Q will probably be profitable with sub growth again and revenue growth will continue with costs being still slashed.