Dipping my toe in unchartered waters by going long, i have being watching this shares move, Hoping for a pop. Yes i am long now how long will i remain long i don't know but need money for my weekened.
siri will close around 1.93 and will keep falling lower on your position. You should cut your losses there and use the money to buy more of GMCR that will clearly reach $30 by earnings.
You should get out of your position with Siri as in just 7 days you will be down over 10 cents. Just in one day that you bought it it's down 2 cents already in the first 15 minutes. Due to the looming convertible bond issue, you should see SIRI in the $1.85 range next week Friday.
I was so wrong....I thought it would this price NEXT Friday. Siri is down 4 cents in the premarket and people are predicting $1.70 by the close of today or Monday.
Probably will settle down to $1.55 range by next Friday. remember, don't try to hold on to a falling knife as you will bleed to death.