If it can just break through $1.65, I think that it could go down into the $1.52 range.. That's where I want in.
SIRI - Sirius XM Radio Inc. - Page 252
Yes, everything seeming bright is probably a bad sign. Usually when it looks like nothing can go wrong something does.
It looked like SIRI was making a move up before Wednesdays move took the air out. I believe there was some speculation about a buy out that caused the move and I guess that rumor is dead now.
I do agree about SIRI. It is one of my favoritres and I think there is a chance of a nice gain.
Well I am sure SIRI's service is not for everyone. I signed up for Pandora and got bored after 15 minutes and have not used it since. I listen to SIRI all the time but to be honest I only listen to music about 10% of the time. Still SIRI has over 20 million listeners and it is growing and making money. Personally as a stockholder if they are growing and making money then it is most likely a decent stock. I am not saying that is all that is important. Stocks can be growing and making money but still be overvalued. I do think they will have some competion from Pandora and Spotify but I also think they have a bright future.
A New York State Supreme Court judge has dismissed radio personality Howard Stern's case against Sirius XM Radio Inc. (SIRI) over alleged breaches of contract regarding stock awards, according to a filing with the Securities and Exchange Commission.
Last year, Stern's production company One Twelve Inc. filed a lawsuit against Sirius, claiming the satellite radio company has refused to pay stock awards it owes Stern based on subscriber targets in his contract. The lawsuit also said Sirius owes money to Stern's agent, Don Buchwald, under a consulting agreement.
The court found that Sirius had complied with all its obligations under the agreement, according to the filing.
Sirius shares were up 3.2% to $2.24 in recent trading, outpacing the broader market. The stock is up 23% so far this year.