Siri Satellite radio is trading at 1.38 and xm Satellite is trading at 10.00 It seems that siri is going to controle 50% of the market if not more they have more auto manufactors signed up to carry ther radio in new cars. So I beleave that in the next few months that they will take the lead in the market they are trading at a huge discount to xm satellite. Siri hit a bottom at .40 and should trade at or above xm stock price this is a great intry point the chart looks like a cup and handle coming off the botton at this price there is a huge potential to the up side.I got in at 1.00 long 20000 shares and will wait to see what happens looking for it to trade with xm check out siri auto manufactors that are going to carry ther radio systom. this looks like a money maker for those patient.I played Corning and vtss ,cpn mir dyn off the bottom for a verry nice move take a chance this looks like resistance at 10.00 You herd it here first Good luck Keith .It time to make sone $ on this stock the shorts are being forced to cover give them a reason to cover run them out of this stock
Posted by karwad on :
I have been watching SIRI as well lately. Even at 2 and change it still looks attactive. Can you tell me how you get the resistance number and what does that actualy mean?
Posted by Moon Pie on :
Satellite radio is an odd duck right now. XMSR is spending tons more in advertising, SIRI is reaping the rewards of it. IMHO I'd keep a leery eye on either one of them until it all shakes out.
Bad news from the automakers sent an earthquake through SIRI. It'll rebound. But the big question is will XMSR keep up?