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CAN'T WE ALL GO LONG ON SIRI???

I am not a blogger.  Period.  So please be gentle with your comments, this will be my first attempt to blog. 

I feel the need to clear the air and express why I believe Longing SIRI is the way to go.  I felt this necessary after reading article after article BASHING this stock for the last 3-4 days.  Someone needs to be the voice of reason here!

1) I am long on SIRI, with JAN 2012 calls at $2.00 and $2.50 and JAN 2013 calls at 2.50 and 3.00.  I want to make you all understand I have no agenda nor work for any company regarding stocks or anything financial.  I am a person, like many of you, that like the chances of this stock.  It does not mean if I see bad news I will sweep it under the carpet.  I am a realist and recognize there usually is good and bad with many of the companies we sink our hard earned dollars into.

2) Now, Why am I longing this stock?  I have a few reasons, and I believe they are credible.  This company is a MONOPOLY.  Period.  Noone is even close to having their content, affordability, technology and the equipment in place to even compete on a level that they are.  Their main vehicle for bringing us this entertainment is of course in a vehicle.  I do not have the %'s but imagine that pretty much every household in the USA and Canada has at least 1 of them.  That opens up a pretty wide area of potential customers.  It also is affordable and also has many DIFFERENT types of talent on the air (From Howard, to NFL, to Oprah).  This keeps it to different genders, races, and religions so it does not discriminate.  Let's not also forget the tax advantages of the carry forwards for the next 5 years!!

It also is priced fairly reasonable for a stock with a 7BILLION market cap, and has no significant increased expenses (other than loans) for the next 10 years (all satellites in place) They also have the ability to raise prices this year, which I hope they keep to the $1-2 range to lose less subscribers.

Now, the bad news which I promised you.  Our company is 40% owned by LIberty.  This DOES send up a red flag in my eyes however I see it is a minor one.  The stock is near the price it should be at IF Not for the monopoly potential and the rollout of 2.0 later this year.

You can get into 2013 calls at 2.50, 3.00 and 4.00 at reasonable numbers and still make a tidy profit come late 2011 into early 2012.  I do not see it reaching 4.00 by JAN 2013 BUT I believe a jump UPWARDS is coming in the next 4-6 months, or perhaps once 2.0 comes forward will drive those option prices up to turn a nice 20-25% return.

Hope you enjoy this, and BASHERS there is a NEW SHERIFF in town to stop this madness!

Disclosure: I am long SIRI.