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

[calven]

Updated Chart

[Terliso]

I think it's safe now to buy... looks like SIRI will trade in Rectangle Pattern for a while

Goodluck boys!!!

[Terliso]

I haven't triggered my long position on SIRI.. but i really think is already a buy @ this level.... don't you think?

A single uptick or a downtick of weekly MACD-Histogram indicates a change of a trend...

Well.... forget it, I'm BUYING tomorrow morning

[terabemo]

SIRIUS Satellite Radio Reaffirms 2006 Subscriber Guidance


Wednesday May 24, 5:25 pm ET


NEW YORK, May 24 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio (Nasdaq: SIRI - News) today reaffirmed its guidance of more than 6.2 million subscribers by year-end 2006, representing an 87% increase over the company's subscriber base at the end of 2005. The company continues to expect to add more than 2.8 million net subscribers during the year.

"We continue to experience dramatic growth and strong demand for our service across our retail and automotive OEM channels," said Mel Karmazin, CEO of SIRIUS. "This supports our expectation that we will capture the majority of retail satellite radio net additions in 2006."

According to The NPD Group*, SIRIUS achieved 54% retail market share in April 2006, compared to 38% retail market share in April 2005. For 2006 year-to-date, SIRIUS has achieved 58% retail market share, compared to 40% retail market share through April 2005. Also according to The NPD Group*, SIRIUS achieved 55% year-over-year retail unit growth in April 2006 and a 120% increase year-to-date.

SIRIUS' first quarter of positive free cash flow, after capital expenditures, could be reached as early as the fourth quarter of 2006, and the company continues to expect to generate positive free cash flow for the full- year 2007.


    *Source: "The NPD Group. POS retailer information does not include sales
    from Wal-Mart, Clubs, and direct sales."

    About SIRIUS
SIRIUS delivers more than 125 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 67 music channels available nationwide. SIRIUS also delivers 61 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NBA and NHL and broadcasts live play-by-play games of the NFL, NBA and NHL. All SIRIUS programming is available for a monthly subscription fee of only $12.95.

SIRIUS products for the car, truck, home, RV and boat are available in more than 25,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at shop.sirius.com.

SIRIUS radios are offered in vehicles from Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep®, Land Rover, Lexus, Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Toyota, Porsche, Volkswagen and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.

Click on http://www.sirius.com to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our operational results are: our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming partners, our competitive position and any events which affect the useful life of our satellites.


    G-SIRI

    Contact: Jim Collins
             SIRIUS Satellite Radio
             212-901-6422
             [email protected]

[terabemo]

SIRI ON FIRE AH!!

[j_p]

Hi!

Any opinion for this stock. Up or down movement?

Thanks

[Lucas Scott]

SIRI ON FIRE AH!!

Hello Terabemo.

Hi!

Any opinion for this stock. Up or down movement?

Thanks

Hello Terabemo's newest alias.

[setravis]

AP
Sirius Satellite Shares Rise on Outlook
Thursday May 25, 10:23 am ET 
Sirius Satellite Radio Gains on Outlook, Rival XM Satellite's Stumble


NEW YORK (AP) -- Shares of Sirius Satellite Radio Inc. rose Thursday, after it reaffirmed its guidance for subscriber growth and an analyst downgraded its main rival, XM Satellite Radio Holdings Inc.
New York-based Sirius' stock gained 15 cents, or 4 percent, to $3.83 in morning trading on the Nasdaq. The stock has traded between $3.60 and $7.98 during the past 52 weeks, and it has generally declined since last month, when it was over $5.



Shares of XM, meanwhile, dropped to a new 52-week low. The stock fell as low as $12.77 before settling at $13.86, down 89 cents, or 6.5 percent, in morning trading on the Nasdaq. Its previous low was $13.43, set Wednesday.

Bear Stearns analyst Robert S. Peck downgraded XM stock to "Underperform" from "Outperform," saying its management's credibility is in doubt after cutting its growth forecast Wednesday and failing to follow through on marketing promises.

XM said soft retail sales of satellite radios and problems with product availability pushed it to lower its full-year subscriber forecast.

"We think the market has lost faith, and unfortunately what used to be XM's premium over Sirius (confidence in its management) has eroded," Peck wrote in a research report.

Peck said he's optimistic about the satellite-radio industry long term and that shares of Sirius may begin trading more independently of its rival.

Banc of America analyst Jonathan Jacoby cut his target price for XM to $25 from $30 due to the lowered guidance.

Jacoby said he still prefers XM over the longer term, as he expects it to have more profitable subscribers than Sirius. He maintained his "Buy" rating for XM.

Merrill Lynch analyst Laraine Mancini said Sirius' price drop has been due to bad news for XM, not for Sirius.

After Sirius reaffirmed its growth guidance for this year Wednesday, Mancini maintained a "Buy" rating and $9 price target.

"Investors must separate XM news flow from SIRI fundamentals, which should be easier to do as SIRI continues to meet its milestones while XM works to eliminate overhangs," Mancini wrote in a research note.

[setravis]

Bottom Fishing
May have put in a possible short term bottom.
Delayed reaction to yesterday's positive news.
Closed above the 13-day MA,indicators have turned north.

Big volume day.
Volume: 101,606,167
Avg Vol (3m): 45,975,200

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
1.57%above 13-day EMA
-10.50%below 50-day EMA
RS Rating: 11 

Fundamentals
Key Data:
Market Cap (M): $5,616.67 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/08/2006
Last Analyst Rating: Average

[calven]

Terliso - I bought a half position at 4.17, I think we finally are coming to a bottom. 

I will save the rest of my money on this one in case of lower prices...

Wish me luck! 
calven

[Terliso]

Terliso - I bought a half position at 4.17, I think we finally are coming to a bottom. 

I will save the rest of my money on this one in case of lower prices...

Wish me luck! 
calven

Good luck Calven!!

For me for safer play I gotta to wait for the price to break the 50sma daily scale at least before plunging in

[mexirafa]

Technical breakout of the 50 MA with 84,227,696 Volume!!!! 

F.Y.I

http://www.fool.com/news/commentary/2006/commentary06062401.htm?source=eptyholnk303100&logvisit=y&npu=y

http://www.fool.com/news/commentary/2006/commentary06062319.htm?source=eptyholnk303100&logvisit=y&npu=y

I might buy on monday. I need to do some research first.

As always, good luck,

Rafael

[Terliso]

SIRI looks good now, yeah

[calven]

Terliso - I bought a half position at 4.17, I think we finally are coming to a bottom. 

I will save the rest of my money on this one in case of lower prices...

Wish me luck! 
calven

Entry - 4.17

Price - 4.70

+11%

[Ramsburg]

Profile: Sirius Satellite Radio, Inc. offers satellite radio services in the United States. The company provides commercial-free music channels that offer classic rock, pop, heavy metal and hip-hop, country, dance, jazz, Latin, and classical music; and channels of news, sports, talk, entertainment, traffic, weather, and data, which include commercial advertising. In addition, it sells SIRIUS radios and accessories for use in cars, trucks, homes, offices, boats, or other locations. Sirius Satellite Radio offers its services to the subscribers through SIRIUS radios, which are sold primarily by automakers, consumer electronics retailers and mobile audio dealers, as well as through its Web site.
Website: http://www.siriusradio.com

Trading Idea:
This is solely a technical trade; we are not considering SIRI's fundamentals and prospects, this trade is for short term purposes only.
SIRI break out its descending channel last Friday, and yesterday it managed to close above its last relative high, gaining momentum over an interesting technical upside potential. Volume has been above average giving some consistency to this technical move.

$4.50 is a technical reference; a reactionary level working has resistance/support, where SIRI had reactions within the past few months. Our plan is to buy SIRI now, and using a stop a bit bellow yesterday's low of the day.

A few news out today that are not particularly relevant, but may keep SIRI and XMSR under attentions for now:
Sirius CEO: Could Buy XM Satellite
http://biz.yahoo.com/ap/060626/sirius_satellite_ceo.html?.v=2

Trading Plan:
We are going to buy SIRI today at or near the open, and we'll set a stop at $4.30 for this trade.

Best regards,