Has Cramer Turned the Corner on SIRI?
May 31, 2006
RealMoney Radio Recap: Technically Speaking By
TheStreet.com Staff5/31/2006 3:26 PM EDT
"He (Cramer) said that it makes sense that Sirius Satellite Radio (
SIRI:Nasdaq -
news -
research -
Cramer's Take) is beating out XM Satellite Radio (
XMSR:Nasdaq -
news -
research -
Cramer's Take), given the fact that XM dramatically missed its most recent quarterly estimates.
Plus, Sirius is run by Mel Karmazin, who Cramer called "money in the bank." Now that the stock is near $4, he said that he is more bullish on it, but that he would ring the register once it hit $5 or $6."
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