Why sell a great story? I bought at well under a dollar and will not sell for another decade at least. Don't even look at the price just buy and put it away. Timing the market is for fools and gamblers.
Cashbar posted: Sell in May and come back in late July for August CC?
You have done well investing in Siri. Are you thinking about selling your entire position?
I have an order to sell (about 10%) at 3.30 and 3.40.
Then again Pandora will post all these fantastical numbers about users hours that they cannot monetize, post yet another quarterly loss. How many in a row will that be? Yet they will jump more than SIRI, a stable and profitable company is going up today.
Well it's SIRI and the HFT traders love it, so in short term it could be OK. I didn't like the report that much and what was that about more outstanding shares issued so 2 cents EPS? And got 209 million shares for basically 600 milion and share price not helped. Meyer now confirned CEO, not that exciting IMO. I am thinking QCOM here where they had decent Q1 recently and stock has soled off nearly 8% to 10%. Just not an exciting quarter, but it's SIRI and I expect in short term for it as usual to frusttare both he the longs and the shorts. If the this market happens to finallly if ever has a real correction then maybe we see some sell off. You ask a good question CASH, why do we get in here?
Agreed, LR. The report wasn’t great. But it wasn’t bad either. The bad news. I expected ARPU to be UP, not DOWN QoQ. I expected 500K+ sub adds but realize I was on the optimistic side. 453K adds ain’t bad at all but more in line with expectations. Revenue off slightly, but they always miss the estimate by a few M’s every Q. Not a big deal. Churn back up to 2.0%. It’s 1Q to begin with and there are some likely additional price increase defections between last year’s increase and this year’s MRF increase to consider, so it’s an explainable uptick; but still don’t like to see it, esp with ARPU off again. The good news. The $2B sh buyback is well underway. But already assumed as much so nothing new to me. The longer SIRI can languish at today’s prices or lower, the more sh the company can buy back. Short term pain, Long term gain.
Technically, we still have that ol’ gap to fill below to the downside. However, if $3.25 breaks to the upside we could actually rip for the first time in 4 months. Though IMO, I see the gang likely containing this range-bound trading of recent months for as long as possible. The longer the Base, the higher the Space. I’m still Long with the same targets to buy more or sell higher. The stock is taking a long time to Base. I prefer it take even longer to ultimately go Deep Space 9.
So though the report didn’t give me any further reason to add other than on dips, it didn’t give me any reason to sell either other than on rips. Let’s see what LM has to add to the story next week. I wouldn’t walk away from SIRI. If 3.25 breaks, we go to 3.50. Not to mention LMCA has a gap to fill of its own up at 121. We’re in the gap now again…fill is like a magnet.