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Thirsty Tiger

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Thirsty Tiger

Re: was CA$H post# 33170

Tuesday, 07/29/2008 2:07:19 PM

Tuesday, July 29, 2008 2:07:19 PM

Post# of 35781
Strictly a bounce play off SIRI and XM closing the merger. Unfortunately, a fresh offering of $440 million in stock was announced by SIRI as part of the closing. In addition, the companies agreed to pay a combined $19.7 million in fines for FCC violations.

So, SIRI tanked down to 1.50 this morning. Yesterday’s close was at 1.88 and really nothing changed from yesterday except for the closing as the $440 mill offering was announced yesterday. Nevertheless, it tanked as nervous nellies decided to sell.

some analysts even hold a buy rating on Sirius/XM with a target as high as $6.50. They’re all idiots as we know.

But the pps should climb back close to 2 soon enough.

I was to chicken to get in



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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