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.