SiriusXM Will Have An Interesting Week
SiriusXM is just two weeks away from reporting earnings. I anticipate the company to report an EPS of 2 cents, meeting street expectations. The call will be more about the future than the current quarter. What I am anticipating is that early this week SIRI may settle down a bit and regroup. I am thinking that after Wednesday it will begin a pre-earnings run of a bit. If you are a trader you can play this, but you have to be willing to eat a nickel for the chance of gaining a nickel. In other words, if you sell at about $2.95, the hope is $2.90, but this equity can make a run to $3.00. You have to be focused and sharp if you are going to try to trade this morning. Today will set the tone for the early week.
Maybe best to just hold on here. Might be too risky to try to gain any pennies right now. Isn’t the call on the 30th?? That is only 1 week away from tomorrow.
Spencer I meant to correct myself early today on the above….2 weeks from tomorrow for the call. I looked at the calendar wrong. Sorry about that.
No Im wrong again…what a mess i was right the 1st time crap. I need to get some sleep I guess.