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


To: i-node who wrote (549)4/23/2003 5:47:23 PM
From: Labrador  Respond to of 3386
 
But I will be interested in knowing how you come out on your short long-term. A lot of shorts have been killed on this stock during the last week. A little pullback ought to come, and if you bail out then you may make some money. But if you try to stick with it long term you'll be killed.

I think it is likely the stock will see high teens to low twenties between now and year end. Highly unlikely it will see 5-6 again... <i/>

I agree that a pullback is a likely possibility, but I could see a pullback into the 6's if the market comes down from its loftly levels or if a further problem with the satellite. I think that the stock is now priced for perfection.

I also agree that a longterm short is a killer.