This stock is worth $10 at least right now at this moment. The only reason it is not is because of technicality. It's like catching a big fish in the ocean. Once you got it hooked it's a done deal as long as you give and take and slowly bring it up. Too fast and the line will snap. SIRI is like a giant fish caught in the ocean with your long positions. It's not a question of if but when it will rise to the top. As long as you stay with it you've got it made.
There is not a single stock in the entire market that holds the future predictive value stronger than SIRI.
It's truly a STRONG BUY TOO STRONG!!!
I wouldn't say it just sits there...SIRI has seen an increase in it's share price of over 60% in the past year. But with it's cheap price and billions of outstanding shares, it's also in the hands of many speculators and stock shorters who bail out around the time of earnings reports. The fact that the price actually went up today is probably a good sign, considering in the past SIRI has usually gone down even after solid earnings reports.
As for Pandora's $11.36 stock price, it's simply because of the amount of shares available. If there were over 5 billion shares of Pandora stock out there, like with Sirius XM, the stock price would be more in the $0.30-$0.40 range.
SIRI shouldn't hit $10 anytime remotely soon (unless market mania kicked in and speculators just went crazy over some announcement), but it could certainly hit $4.00 or more this year - assuming everything stayed the course.
Nice thought but anything can go wrong at any time. It's technology and you have no idea what is down the road. There are thousands of high tech investment specialists out there and if it were worth ten bucks it would sell for ten bucks. The market knows.
SInce I paid well under a buck a share and I am an extreme buy and hold investor I'll just wait and see.