Sirius XM Holdings Inc (SIRI)

[FUNMAN]

I missed buying more during the last dip but won't miss again if it goes back down below $2.

We're in a holding pattern and won't move much; just my opinion.

Here's why:

Price increases are put off, used car reactivation figures won't be noticed until the fall, 2.0 is still a mystery (I wonder if they're waiting to introduce it as a Christmas-time promotion), Japan went "off-line", as the share price ramps up the P/E is becoming more noticeable, and the U.S. Government can't agree on a "debt ceiling".

So, until some of these things shake-out, and/or the 10Q comes out and we see some "beats", IMHO we're not moving much from here until the fall. That's when the "rate increase" hype will gain traction again.

I think we'll be heading into the $3's this fall.