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


To: Michael Hart who wrote (1744)1/28/2005 4:29:43 PM
From: mikey_1153  Read Replies (1) | Respond to of 3386
 
Michael Hart,

The trick is not to buy high and let your emotions take you away. So many of you folks in siri and xmsr take a love interest and can't see the forest for the trees. To all I say treat it like business. That's all it is. I have been long and short, optioned puts and calls, on both. Here was my recommendation a day or so ago on another board:

From: mikey_1153

Based on the action I'm seeing, it looks as if siri has/is consolidating a bit here. I look for more of the same with a drift upward. xmsr cannot seem to gather any momentum before the earnings report. I look for that to linger into the report and then have a sell-off. There is a short term, short or put opportunity on xmsr followed by going long at the dip after the earnings report.

If many of the emotional folks in this company would understand that once you take emotion out of the equation you become a better speculator, more folks would be able to trade profitably many more times in a year instead of trying to stop loss half the time.