R A F

Closing Update for Thursday, August 6

Just firmly based consolidation, digesting the preceding move above .50. SIRI is now trading from dominant technical strength and tone will continue to reflect positive expectations going into the next significant release of data and guidance (3rd Qtr. - to be released in November). Intervening action will remain solidly based -with aggressive underlying support and resistance tending to await rallies to progressively higher levels before increasing significantly. The days of manipulative trading - based upon naked shorting and flash trading abuses - are coming to an end. Mild profit taking along the way should be anticipated - similar to the type of action seen currently - but all of this is occurring at firmly based levels. Potential remains projected toward 1.00+ over the next six months to one year - and significantly higher longer term. All of this suggests any pullbacks along the way will be viewed as buying opportunities and current holdiers of long positions are unlikely to give up anticipated upside potential.