Wednesday, September 20, 2006

RealMoney Comments on Satellite Radio

Satellites of Love
By Steven Smith

About this article:"Satellites gone Way up to Mars. Soon it will be filled With parking cars." -- Lou Reed Is it time to start showing some love for satellite radio companies? Sirius and XM Satellite have both recently put in higher lows, potentially breaking yearlong downtrends in their charts. Sirius took a bit of an ugly dip Tuesday on a news report that Howard Stern was "unhappy" and considering a return to terrestrial radio, but all parties have denied such a rumor. Shares have rebounded this morning, and a close above $4 would turn the chart moderately positive. It would also offer a good entry point in which a tight stop of a close below $3.85 creates a good risk/reward position. For those who want to use options to leverage their capital, a purchase of the March $3 calls at $1.20 might make sense. Just be aware that you are paying...Articles like this are available only to RealMoney subscribers. Get a FREE TRIAL now.

9/20/2006 02:42:00 PM

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