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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: JD who wrote (762)	1/2/2004 9:17:52 AM
From: i-node	Respond to of 8420

Which is good news. But I think this sort of run up is a bit of an over reaction. I've got my sell order in - when the price drops 15% I'm out. Yeh, that's smart. I'm not in SIRI and haven't been for a long time. But it seems to me you can make money trading it as it just doesn't tend to hold on to its gains. I think it comes from management's efforts to bolster the stock by manipulating the media. In November they come out and say, "We're not going to make our [already reduced] goals of 300K subs; we're thinking 200K". Now, when they hit 200K they make a big announcement out of it. Surely, they will have finished the year at 250K, and this is viewed as success. With XM there is plenty of volatility, but when the stock moves up it tends not to give back the gain.