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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: Obewon who wrote (204)1/2/2002 3:00:07 PM
From: Jeff Lubin  Read Replies (1) of 3386
 
Yes the stock has shot way up. It's also true that there are many expenses that will take a huge outlay of cash to get even on. A broker just downgraded the stock based on the run up and not on the heath of the company. All this makes perfect sense, ...unless, there a large suprise to the upside when they announce numbers in Jan. If there is, and I don't know if there will be, it won't take a genius to figure out if this new media is way ahead of schedule or not and also if the number of new subscribers has be underestimated. There now is less worry if this will make it or not and that is reflected in the current price to get in early. So we shall see...I think that there is less of a chance of huge selloff as there is of a large surprise to the upside. So if your in the stock, you need to hang in there. I think this will be far more successful than you have imagined to let yourself think.
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