SIRI - Sector: Services---Industry: Broadcasting & Cable TV

[la-onda]

additional information:
SIRI: Short Interest UP 23.6% to 147.3M in Jun 2006
Monday , June 26, 2006 16:21 ET

According to new short interest data from NASDAQ, short interest for Sirius Satellite Radio Incorporated (NasdaqNM: SIRI) INCREASED 23.6% to 147,317,349 shares for the month ended mid-June, 2006.

SYMBOL               MAY            JUNE          CHANGE       %CHANGE    DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
SIRI         119,144,300     147,317,349     +28,173,049       +23.65%           4

Based on SIRI's 20-day average daily share volume of 40,934,450, it would require approximately 4 day(s) of buying to cover this short interest.

&

Sirius Satellite CEO says company doing well on its own
Monday , June 26, 2006 18:22 ET

By ELLEN SHENG

NEW YORK, Jun 26, 2006 (AP Worldstream via COMTEX) -- Sirius Satellite Radio Inc. would be interested in buying XM Satellite Radio Holdings Inc. at the right price, though regulatory issues "would be a question mark," Sirius Chief Executive Mel Karmazin said Monday.

He said he'd be less interested in being acquired, though he also would consider it if it were in the shareholders' best interest. Asked if he would consider a merger with a satellite-television provider, Karmazin said it would make more sense for DirecTV Group Inc. and EchoStar Communications Corp. to merge with each other than with Sirius.

Karmazin emphasized that regardless of the possible benefits and cost savings from a merger, Sirius is doing well on its own. "Our business plan doesn't involve our doing a deal," he said at an industry conference here.

Karmazin was speaking at an industry conference on media convergence at the Museum of Television & Radio.

In May, Sirius' chief financial officer, David Frear, similarly said that it would make sense for Sirius to merge with its rival, but wasn't so sure regulators would approve such a deal.

Chatter about possible talks between the two companies has circulated for months. Sirius and XM are the only two satellite radio providers in the United States. In order for regulators to approve such a deal, the two would have to be considered part of a broader industry with other competitors.

In 2002, regulators nipped a proposed merger between DirecTV and EchoStar amid competitive concerns. DirecTV management has said in recent months that it still seeks the appeal of such a merger, but didn't know if regulators would change their minds.

New York-based Sirius saw shares rise 23 cents, or 5.2 percent, to close Monday at $4.70 on the Nasdaq Stock Market. Stock of Washington-based XM rose 91 cents, or 6.8 percent, to $14.37.

[Ramsburg]

Update:
SIRI is holding above the support zone ($4.50), the chart looks great showing relative strength against the market, the volume was low for the last 2 sessions, but that's not a problem for now.
The projection of the descending channel's breakout is something like $5.35; with the right market environment we believe it can achieve that mark shortly.

Trading Plan:
Hold SIRI with a stop @ $4.30

[Ramsburg]

Update:
SIRI is holding the recent highs, having a little triangulation pattern on the intraday charts, the main reference for short term is a new resistance near $4.80, the low volume on the previous sessions shows some indecision. Our target for SIRI is $5.40 short term, and we are now updating our trading plan with a limit sell order:

Trading Plan:
Hold SIRI with a stop @ $4.30 or Sell @ $5.35

Regards,

[Ramsburg]

Update:
Monday was not a good day for SIRI, but momentum is not yet compromised, SIRI is still holding this breakout levels, and we'll maintain the trading plan while we wait for a further move up.

Trading Plan:
Hold SIRI with a stop @ $4.30 or Sell @ $5.35

Regards,

[Ramsburg]

Update:
SIRI opened with a Gap Up today because of this:
Sirius subscriber growth outpaces XM
Race for subscribers to satellite radio tightens up

SIRI closed the gap during the session, following the negative trend on the Nasdaq intraday chart. SIRI closed again above the $4.50 support, and we'll continue with the same plan for now.

Trading Plan:
Hold SIRI with a stop @ $4.30 or Sell @ $5.35

Regards,

[Ramsburg]

Position closed according to plan.

[masternic35]

Hi Guys,

Do you think SIRI has finally reversed the downard trend ?

[setravis]

Use the search to find threads on stocks that already exist.

http://www.3stocksonfire.org/trading/index.php?topic=656.0

[Terliso]

Mayday... mayday!!!

[setravis]

Seems to be forming a nice base......
There has been a net increase in institutional shares purchased.
There may be some good news comming out soon,
Maybe a possible XM/SIRI merger.
The chart looks like it is ready for a pop.

Technicals
Close Above the 13-day EMA
Most Actives

Last Price Quote is:
1.59%above 13-day EMA
-3.53%below 50-day EMA
RS Rating: 24 

Fundamentals
Earnings Expected on Aug 1

Key Data:
Market Cap (M): $5,813.26 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/01/2006
Last Analyst Rating: Outperform

[usedcasting]

A merger would maybe explain the sudden rise in XMSR friday. The other possible story could be their quarterly coming up any day now. Now on board with Mitsubishi.

Holding tight.

uc.

[Melf Elf]

SIRI tried to rally again this morning, but the high of 4.35 was even lower than yesterday's failure, right at the bottom of the Bear Flag. 

[Terliso]

Technical Target below $3

[Melf Elf]

alister,

siri isn't looking so good, is it.

SIRI tried to rally again this morning, but the high of 4.35 was even lower than yesterday's failure, right at the bottom of the Bear Flag.

siri took out 3.83 support yesterday, after that failure at the bottom of the bear flag.

[Melf Elf]

also closed below blue symmetrical tri.