EDGE TRADER

Monday, December 12, 2005

SIRI



Those who bought the breakout Friday got chopped off at the knees today. Tomorrow should be a telling move in SIRI...

Usually failed breakouts end up testing the support level which is between 6.90 and 7.10 depending on how straight your ruler is...

If it happens to go the other way we could be looking at a big move.

On the fundamental side, I am surprised how little advertising Sirius has done to position itself as "the gift" this holiday season. I saw one ad last night on the Survivor finale, but they should be everywhere with Howard Stern starting up in 1/06...

Not one I will be acting on today or tomorrow, but just getting filed for future use.

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