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Sirius XM Holdings Inc. Message Board

  • republican_always republican_always Aug 29, 2001 8:45 PM Flag

    SIRI: $10--$15 in four weeks?...

    With SIRI selling at less than $7 a share, how much lower do you think SIRI is going to go when its Cash value per share is $8? This stock is selling at a big discount and the institutions know it: they're loading up, my friends: they've increased their holdings by over 13 million shares this quarter, a holdings increase of 27%. SIRI has been declining this last month on daily volume far below average: meaning that its not the "big boys" who are selling, but rather the dipwad retail crowd that is selling out their shares to the marketmakers. Just wait until the marketmakers start taking SIRI back up quickly--with 40% of the float shorted, SIRI has the potential to rocket when all these shorts head to the exits. If the NASDAQ has a good September, SIRI can get back easily to $10--$15 in four to five weeks under these conditions.

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