(Short term / intermediate play) Long term: bullish for both
Siri has a conference call tomorrow that can make it or break it for them.
IF SIRIs numbers suck, the PPS may be in the 2s for a bit, and XMSR would get a lift. If the numbers tomorrow are better then expected, XMSR will be hit. IF SIRI comes out before the numbers with a PR ford deal or an MLB deal. XMSR MAY be testing the teens again.
Shares of XM Satellite Radio (XMSR:Nasdaq - commentary - research) slipped Friday after longtime backer DirecTV (DTV:NYSE - commentary - research) sold its stake.
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I bought into Siri last year heavy at 1.3$ sold enough of the shares around 2.5$ to set the rest aside for several years but had to sell when it overheated early this year--i like this one for retirement---the no advertising policy will slowly but surely be phased out after they develop a strong customer base.
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