Sirius Satellite Radio (SIRI) Message Board

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Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 20.78

-2.1%

Dec 19 3:59 PM EST

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To: HEXonX who wrote (6217)	2/7/2007 12:51:50 AM
From: Art Baeckel	Read Replies (3) of 8420

<5) XM is owned by institutions. Institutions hold nearly 90% of the company. SIRI on the other hand, is only 28% owned by institutions. The biggest reason for this is many institutions have a rule that states they cannot own a company that has a stock price under $5. When/If SIRI hits the $5 mark and maintains that, you will see many more institutions buying in, which will drive the stock up further> Maybe it's time to look into that reverse split that I talked about awhile ago. I'm a firm believer that the price of this stock needs to be over $5 to attract institutional buying. I've seen it used as a criteria too many times. I'm still pro-reverse split for SIRI in spite of some of the negative comments that were made when I mentioned it before. Besides, my recollection of it was that some felt why reverse split when in a few months we would be over the $5 without it. Yeah, right!!!!!!!! IMO ART

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