XM Satellite Radio Holdings Inc. (XMSR) Message Board

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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

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To: i-node who wrote (1734)	1/26/2005 7:03:33 PM
From: Michael Hart	Read Replies (1) of 3386

< I am planning to trade a portion of my XM calls rather than holding them longer term.> ok, good luck with the exits. I'll do what I can to post resistance and support levels as we get closer to earnings. As I posted to Billcasto, the premiums in the options will get higher as we get closer to earnings. Especially any strike prices you have that are near the PPS. This is because there is a lot of activity from investors speculating on the earnings and setiing up straddles and strangles on a high flier like this. As I've said before, although I think someone can do well as a buy and hold in this market, someone with your knowledge of it can do much better trading the sector. As of tonight it appears we're getting a turn in the overall markets to the upside and with SIRI out of the way and XM's earnings the 10th......I expect a runup from here........hard to tell how far...anything towards $40 will require caution into earnings. Be well, Mike

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