Sirius-ly in trouble?

Discussion in 'Money & Investing' started by Mirage, Feb 7, 2006.

  1. Mirage

    Mirage Administrator Staff Member V.I.P.

    [SYMBOL]SIRI[/SYMBOL]

    I'm worried about Sirius stock. I am no longer in it, but I've been following it since I got out in Q3 2006. Ever since I got out it's been very shaky. Actually, it's gone consistantly down since.

    It was about $7.40 when I got out, and it's now at $5.76.

    Since last Friday however, it's gone up over 40 cents per share, so some people made some money on it recently I'm sure.

    This doesn't seem to be Howard Stern related, but he also doesn't seem to have helped their stock price either.
     

  2. stockbroker

    stockbroker Registered Member

    Sirius is gone. When Howard Stern cashs out the stock will lose so much money, and very quickly.
     
  3. Mirage

    Mirage Administrator Staff Member V.I.P.

    From what I read he has a contract with them. However, I don't know how much money or how long he is locked in for. I wouldn't be surprised if XM tried to snag him now that SIRI is crashing and burning.

    They can only afford to keep him if he helps their sales, and so far nothing good has happened.
     

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