ezcomngo2, guess it is tag, and ure it! _ 3/1 Volumes: I think were in general good due to the NAZ & DOW having a super day 3/1.
**As they say when the tide is out few boats float, and when the tide comes in it lifts all boats.
XM & Gen. market
No news was announced for XM 3/1 that I am aware of, but the market was way up. Theory I heard was that if the institutions have tons of cash, and the markets take off, the managers are screwed. So they jumped in when good numbers on the Trade Def came out, good productivity #s hit, car production pickup, GM saying picture is the best in 18 months, and the GWB saying it is time for SSI and stocks to both be components of SSI retirement soon.
Problem will be what happens after Oracles negative earnings were announced after the bell FRI. Does the market ignore it next week, w/o 02/03 or does it go south some. Only $.01/shr off so I hope it is a non event,but techs now are volatile.
Siri:
Siri will quite likely come along, but it has to play serious catch up and it is now about 9 months behind with a cash burn and no revenue of consequence yet announced. Ford doesn't want XM due to it hating anything which GM has for a supplier. But if there is no choice, hmmmmm?
Personally, I think XM in the 10-13 range is a good deal, and Siri in the 3.50-4 is also a good deal,(though stocks under $5) make
investment non existent usually for institutions. Many institutions can't even pour money into a stock until it breaks $10.
Have a great weekend, we will catch up sometime!
XM There is some potentially huge news under cover which I am trying to verify and if what I heard is accurate XM is a real gimme let you know if I find out.
Good luck!
john
