siri merger

today's price action is not very encouraging for either siri or xmsr (although their high volume may be indicative of the putting in of some bottoms). bottom fishing often leads to the gradual acquisition of a portfolio of snails, slugs, molgulae, and other slimy things. might be better to see theses issues bursting above resistance on volume (rather than testing support) before making a punt.

When you mean actually settled are you assuming that the merger will ultimately go through

Sirius' merger with XM is likely to get the FCC's nod, but I think regulatory strings could limit profitability. Either way, Wienkes recent statement is really putting the scare on shareholders. Pretty bearish today. In the long run, I think there is growth and SIRI holders will be rewarded for there patience.

I was just talking about t a friend.. sorry.. but you must be insane tio invest in SIRI - if they don't gert a merger - they are going out of business.. no doubt.
No cash, huge debt = bad news.

yeah, it'll be a huge profit maker once it is settled

there is a reason there is still potential "profit" to be had and that is because this merger is still up in the air. A little bit of RISK arbitrage.

this thing wont go though, it has been talked about and push around long enough but nothing will happen and it could be dangerous to automatically assume it will