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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Lubin who wrote (205)1/2/2002 4:30:14 PM
From: Obewon  Respond to of 3386
 
I actually got off the train after the stock bounced off of resistance at $19.50 last week. My speculation is that the stock will have to recoup and could trade back down to about $14.50-$15 range prior to the expected Jan 23 announcement of initial subscribers after which the good news (my expectation is about 42,000 subscribers as of Dec 31) will have analysts raising estimates again to the low-to-mid $20 range from the mid-teens. That new could shoot the stock up to the $25 range by mid Feb when SIRI rolls out service (maybe).

Obewon