Hehe...well, I appreciate that:) It's funny, cause you can be right 90% of the time, but if you're wrong even once, people who have never had the guts to make a single prediction will jump all over you:)
My prediction hasn't really changed from earlier. I know we have this new "looming doom" over our heads from the debt ceiling, but I'm hoping that will sort itself out and we won't see too bad of an overall market drop from it.
The BB lines on SIRI are still SCREAMING rally at me, especially with financials so close. I don't know what it will do tomorrow, or monday...but I am as positive as I can be without a time machine that we'll be seeing 2.40-2.50 (and to me, that is conservative...I wouldn't be surprised by 2.70) before the end of July.
Take a look at the graph below.
The positioning and direction of the price are EXACTLY the same as they were exactly 3 months ago prior to last quarter's financials. Even the BB lines are positioned in almost the same way, with the exception of the bottom BB line being more inclined this time...which to me is a good thing. Last time, the price went from about 1.80 up to 2.40 (about 60 cent increase) off of NO good news from the conference call and financials other than the usual profit and speculation. This time, we do have a few downers, such as the debt ceiling business and declined auto sales...however, we have LOTS of good news too that we didn't have before, such as the used car deal, SatRad2.0, further updates about Howard's law suit (which will end in our favor, mark my words), and getting closer to the price increase freeze ending.
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