IMO there are two real scenarios for SIRI. One is the OS is so bloated it is very difficult for this stock to move, now that a lot of easy money has been made (culminating in the run into the 1.20s earlier this year). The other scenario is that we have a fairly long period of accumulation going on right now. As of now I'm leaning towards the first scenario, because you can tell by the diminished volume many traders have moved on as it has become harder to reliably flip this in anything less than a multi-day swing trade. You can play this in a versatile way anyway, picking up swing shares under .95 (I prefer to wait until the .90-92 range to make the stop loss nice and tight). Then, you can begin to unload on days when it makes a run after clearing a buck. If you want to give yourself a shot at catching the breakout (over say 1.07-1.11 or thereabouts) then keep some shares and sell them on the way down if the longer term rally fizzles. I'm not interested in that approach right now, sensing that this beast is just too big for its own mobility.
