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

To: Michael Hart who wrote (1690)	1/21/2005 3:23:19 PM
From: Ok2Launch	Read Replies (1) \| Respond to of 3386

XM Earnings ? I don't think that the price of XM stock will react at all to reported financials. Everyone knows that it will be 2006 until cash flow breakeven, so subscriber numbers are still the driver. In the last conference call, one of the analysts asked Panero if they were going to continue to seek big content deals, which would push out profitability until the next century. He kind of danced around the issue but seemed to suggest that more big deals like MLB were not likely. As long as investors feel that we are moving towards positive cash flow, the stock should hang in there. Of course, the market is horrible so far this year, so maybe everything will crumble if this keeps up. Let's hope not. On another subject, I just got a new Polk XRt12 XM Reference Tuner. The audio quality is superb ! If you listen to XM at home, and have a good quality stereo system, this is the best investment you can make.

To: Michael Hart who wrote (1690)	1/22/2005 9:13:36 AM
From: billcasto	Read Replies (1) \| Respond to of 3386

OK, Mr. Hart. What you are saying is monday sell covered calls on any existing XM longs, wait until the stock gets hit on Wed. with SIRI earnings report, then get near the bottom and go long again. There will be a run up in the price next week with the anticipation of XM's earning. Sell into that anticipation or protect with shorts or covered calls again. Also if SIRI gets below $5.00 there could a bounce to the up side of a quarter. I am somewhat new to all out trading but what I have done this year has made me money. I am beginning to think that with the market the way it is and the probability that it will stay that way it will the only way to make money into the near future. One question, on covered calls, if by chance it was a bad call and the stock went up significantly, is there any way to buy back those covered calls or are you just stuck with them.