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To: i-node who wrote (11)	1/28/2005 9:51:33 AM
From: Michael Hart	Read Replies (1) \| Respond to of 180

<price action today was a little strange from what I can see> Yeah, a little dissapointing...just remember it's a marathon not a sprint :-) FWIW I like the low volume on XMSR. Also low volume this AM. I think there is just no catalyst yet. earnings still far enough out to not impact it yet. Being hedged this weekend with somethin would be wise. A combination of the Iraq election potential for diaster and the weakness in the XM move up will probably keep me in those CC's. on my core long position. The Feb. $35's are more of a cheap gamble play using the profits from my $31.50 entry the other day. Excluding the gaps to $31.50ish, $32 is very large support on the charts. Be well, Mike