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Sirius XM Holdings Inc. Message Board

  • dsc20601 dsc20601 Mar 20, 2010 8:10 AM Flag

    I just dont r/s will happen

    Just a gut feeling, and im gonna keep my shares.

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    • There have been 4.6 Billion shares traded above today's price this year, or 120% of the float. Add to this the all the investors who have been in since 5.00. That is quite an overhead of shares now referred to as resistance. We could be trading just above a dollar instead of below a dollar if that Wunderlich outfit would have told the truth. This delisting would then not be an issue, as a matter of fact with the increased auto sales numbers and debt refi, we would probably be sitting comfortably at around 1.10 right now. However that was the story then, chance missed, now it will be a slow go back up, with a reverse split, weak holders will sell to institutions and pps will move up to pre-split of 1.35 before May.

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