XM SATELLITE (XMSR)

[trade2much]

JMO : Solid Support now exists from $9-12.75 Next support level being built is $13 -15

IMHO the news may break soon, April, relative to 1st qtr subs# and an additional offering will likely take place this spring. This cash will fund XM well into 2003 calendar year.
Then automobile/truck OEM subs will start to kick in and supplement the aftermarket sales, ad revenue should start to mount.

If correct:
The stock should break through $20 this year, and there is little resistance above that level. It should move along well as the concept grows. Since the company is not scheduled to breakeven until 2004 we probably can look for a split, or maybe if really lucky, two along the way.

I am a long and for the long haul, I love the service. If you have it, try a test and go to am/fm for 48 hrs, guranteed you will be anxious to get back to XM. Siri should rise in sympathy with XM regardless of the current time lead XM has. So as an inexpensive play I think it is a good way to have some gains.

Good Luck!
john