Watching Sirius Satellite Radio Inc. again
Posted on November 2, 2005 , filed under Stocks | Print This Post
I wrote an article on SIRI, Sirius Satellite Radio Inc., predicting that the stock would go down to low $6’s possibly even low $5’s before the stock would rebound past $10. It appears that SIRI is on its way up again. I expect to see SIRI at over $8 in the next 1-3 months.
I shorted SIRI at $7.31 on September 13th, 2005 and covered my position at $6.53 on September 27th, 2005. If the stock does follow my prediction, I will short additional shares of the company.
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