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


To: i-node who wrote (1743)1/28/2005 3:10:43 PM
From: Michael Hart  Read Replies (1) | Respond to of 3386
 
XMSR $31.56 here a little after 3 PM EST

I would normally uncover my position here but will wait until Monday as this weekend could be negative for the markets(or positive).....unusually risky weekend is the point.

The silver lining is the continued very low volume on this move down....2.6 million shares here today........avg daily volume is 5.7 million.....this is normally very bullish......on any reversal.........combined with the 60 million shares short....there is a lot of fuel building.

next support is the 200 sma at $29.57.

Be well,

Mike