Stock Pick by B W

SIRI: Greater upside to risk now at this price level

Start trading SIRI with real money!

Rate Analysis

5 ratings

Posted 408 days ago on 10/09/08

Market call:SIRI will go UP
Target: $1.50 on 4/09/09
Current: $0.63 (33.47% from time of market call)
Close: $0.50 (6.36%)
on 10/13/08

Value has now crept into this stock at this price. Downside risk is low versus the upside potential. I don't want to get too technical or waste time telling you why you should TRADE, yes trade no invest in this stock from here, because the truth is the balance sheet and debt make this company crap. However, it is down too low, and a quick 50 cents to dollar trade from here will work. Wait and see.

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B W

Posted 10/13/2008, 12:53 pm

I will take the 6% here on 300,000 shares since this rally is weak. See my QID analysis. 20% over-night shorting that, but we are still in a bear market, so I closed out that position too.

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