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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 21.78+1.6%Jan 9 3:59 PM EST
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To: HEXonX who wrote (5360)10/20/2006 2:54:28 PM
From: kknightmcc  Read Replies (3) of 8420
 
Market sentiment can turn on a dime. There is too much negative information for the satellite industry these days and Sirius is being dragged down with XM. It also doesn't help to have Cramer out there telling people that neither one of these companies will go anywhere until they decide to merge. I, personally, don't believe that a merger or acquisition of XM is the right way to go at this point. I do believe that the third quarter numbers which should be out somewhere between November 9th and 15th, will give the market more information for direction to trade on.
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