SIRI: Not insta-hype

Well 40c in 60 or less days hmmm. LOL ok meant 50c :)))

I say up to 40c within 60 days.

iHeartRadio is just one example of FREE radio apps on the iPhone. Pandora is another FREE radio app on the iPhone. Radio stations can stream live over the iPhone already. For FREE! Why pay $12.95 per month to add Sirius/XM radio to your already free iPhone.

Also, there are 7 million iPhone users. That is a drop in the bucket compared to the 204 million registered cars in America. What makes Sirius think that iPhone users will now subscribe to their service when Sirius can't get a serious foot-hold in the vehicle market?

Their quote: "This will also allow new customers to subscribe to our service without having to buy a radio." --Jim Meyer, President of Sirius, 4th quarter 2008. The only advantage that iPhone users have over car owners in Sirius's eyes is the fact that they will not have to buy a radio? Sirius/XM radios cost $50. Does anyone think that Sirius's $550 million debt is going to be cancelled by the small portion of 7 million iPhone users buying a $12.95 monthly subscription?

As soon as the iPhone users that buy this subscription find out that they can't get the Sirius signal because they went in the wrong bedroom in their house, they will drop their subscription, and all the insta-hype will be over.

Bottom line: this is insta-hype. Watch this stock fall again. Sirius must come up with a better product. Sirius must have better marketing. The majority of America does not care enough about Oprah or Howard Stern to justify paying to listen to them.

This stock will be back to $0.15 within two weeks--that is not just a drop of 5 cents, folks. That is a 25% drop in stock value. Short sell, my friend.