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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 21.09+2.9%Jan 5 3:59 PM EST

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To: i-node who wrote (1084)11/19/2004 6:16:15 PM
From: rrufff   of 8420
 
So far this XMSR tout has been exactly wrong. From the moment that Stern announced, he proclaimed that SIRI was going to tank. He's a great contra-indicator.

What he doesn't realize is that both companies' shares are selling on hype. You can't make a value play argument on either. Given that, XMSR had the game and has now moved into "coast". In a hype world, that is a recipe for losing.

With Stern and Karmazin, the hype will continue going to SIRI as it has. I think the tout is going to be surprised at the number of Stern fans who will go to SIRI strictly because of Stern and his promotional abilities. Add Karmazin to the mix and you have an incredible sales and hype machine.

Tell the tout to get his head out of the sand or perhaps it's somewhere else where the sun doesn't shine.
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