Replies to post #414391 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

SIRI >>hopeful of a rise into earnings tomorrow.<<

Earnings? In your dreams. How about hopefully less losses than expected? SIRI will lose over $700 million this year and is projected to lose over $600 million next. The new Stern contract bills have to get start paying soon. Looking at next quarters projected earnings I would not be surprised if SIRI does not have to lower their year end outlook to bigger losses.

I don't see the risk reward of being long or short SIRI going into earnings. The recent runup suggest to me that good news has already been priced in.

Good luck with it.