sl62

Goldman's Wienkes No Longer Covering Sirius

cos1000...

Hope all is well. Thanks for that info on Merrill, I missed that she finally got off the dime. Last I remember she was reserving her opinion. .25 huh? What a joke. Who sets a price target of .25 at this point? Best thing to do at that point is just opine without a target. These analysts are funny. Well, I believe the average is around .90. Which I see as perfectly legit.

I agree with your sequence of events scenario. I'm just holding my current .20's position and waiting for any drastic drops to add one more time before then. I was just about to buy in that last day it was @ .14 last week. Took some new funds to my broker but it takes a day to get into my account so I missed it. I think this time I will start buying in @ .14 and add lower as needed. I will be somewhat surprised if the SP is under .30 by meeting time (I have to keep citing Circuit City, who while in BK on pink sheets is .20 and higher). But I guess stranger things have happened. Can you imagine them trying to justify a .17 SP? I really can't but we'll see if that plays out. If so, as you say, approval news is the next trigger for short exit. Could be days after. Maybe on news of new shares and reverse, they slam it down one last time to that .10 - .07 area, then all jump out at once. Just from experience, I've seen many a mass exit right on Dec. 30/31 for EOY accounting as you mention. And if not, we go into Jan. I'm cool with that too. Now worries, I'm just sticking with this until something breaks. When it does, we will be there to get paid! As we know, this is otherwise known as the "work" part of investing--which many here don't get. They cry like babies when their easy money doesn't just drop in their laps.