Sold 700 shares of SIRI at 0.36
Trade ticket:
| Transaction: | Sold |
| Security: | SIRI |
| Quantity: | 700 shares |
| Price: | $0.36 |
| Value: | $252.00 |
| Target price: | $ |
Trade Note:
Bought in @ .13, I just missed to sell at .40's.
If you bought in under the .20 mark, just kiss them good-bye before is too late...
Posted about 1 hour after the trade
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Comments
Nighttrader:
I really like to think that the free trial and the iphone app is a positive indicator for SIRI, but let be honest, this is just speculation. Free trail does not translate instantly into subscribing fees and the Iphone app, more than expand the suscribing base, expose SIRI to compete with other free music radios out there, existing and developing.
The key here is how automakers (domestic and importers) respond to satellite radio, particularly, with new technologies that bundles GPS and other utilities. I think the future of SIRI is on the Auto industry, so until SIRI does not take further steps to capture this sector, there is no reason (for me ) to believe that SIRI is the real deal.
I really like to think that the free trial and the iphone app is a positive indicator for SIRI, but let be honest, this is just speculation. Free trail does not translate instantly into subscribing fees and the Iphone app, more than expand the suscribing base, expose SIRI to compete with other free music radios out there, existing and developing.
The key here is how automakers (domestic and importers) respond to satellite radio, particularly, with new technologies that bundles GPS and other utilities. I think the future of SIRI is on the Auto industry, so until SIRI does not take further steps to capture this sector, there is no reason (for me ) to believe that SIRI is the real deal.
They were just upgraded to CCC+ and they made a nice 20% gain today. I dont think its too late to get back in if you wanted to. I predict them hitting $1.00 before year end or maybe sooner depending on how the earnings report plays out. However I do agree with what you said that this is all speculative but I just have that gut feeling that this company is poised to go alot higher then what it is trading at now. Maybe a year from now when all there debt is coming back into play, they owe Liberty all the money back, and the wireless internet hits everywhere thats when the time to sell is but this company has a monopoly on this market right now.
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NightTrader11 posted April 14, 2009 (03:47PM)
I bought in at .12 and sold at .42 then I just recently got back in at .33. I have high hopes for the earnings report coming out on the 11th of next month. Subscribers should be up and I expect earnings to surpass the expectations. For these reasons, Sirius just came out with the Mirge radio head, they had a trial going on the end of last month that all radio heads that were turned off by subscribers will get a free trial for the rest of the month in hopes of bringing back some subscribers, the apple application for sirius/xm radio comes out in coming weeks, and they are in the process of restructering contracts with several of their heavy hitters (NFL,MLB, Howard Stern).