According to the writer, "In simplest terms, SIRI is slowly and subtly approaching some major support lines that go back to early 2009. The upper one (black) is at $0.95, while the lower 'last bastion' one (orange) is at $0.88. I know neither has failed yet, but both are in reach. I just don't want anybody to be caught off guard if this slow, almost imperceptible pullback from Sirius XM Radio takes a turn for the worst. After all, it would be easy to just call this slow-down a volatile patch. It's more than that though."
FYI: 90% of all analysts predict the action of a stock WRONG. This is a statistical fact. So if you want to buy into the fear mongering these analysts spew (most of them probably are bought off or are self-serving and have short positions), or you can ignore these people. There is one clear fact no matter what anyone writes -- SIRI is manipulated. Some will argue this point, some will agree, and some will write what they want to suit their own agenda. I believe we will see a runup closer to earnings which with Liberty set for Monday August 09th for their earnings call, my bet is SIRI does there's on Thursday August 05th. I think if this turns out to be true it gives the stock the time it needs to have an organic runup that, at worst, will reach $1.15 and at best $1.35, the target price of most analysts. I'd be happy anywhere in the middle. Think we'll break old high of $1.25. But still not confident in this possibility as of yet. Next week we shoulde start to get an idea where we are headed. Stay tuned.
the 'old high' was clearly not 1.25. Why don't they just reverse split this stock. Not doing so makes very little sense, but keeping it in penny stock land sure brings out the we're all gonna get rich on this crowd.
All in all, just another media play, and debt laden at that. Bring the costs down. Overpaying for content is what got SIRI and XMSR in big trouble in the first place.