Tuesday, October 31, 2006

TheStreet.com Seems to Be Trying Hard

October 31, 2006

TheStreet.com seems to be trying very hard to get out anything negative about Sirius these days.

On October 30, they released (to subscribers) a story titled "Sirius Reservations" which was an opinionated piece focusing on perceived negative aspects of investing in Sirius. The piece had several sections regarding rumors, and even went so far as to re-kindle a Stern-to-terrestrial model, which was outright denied by both Stern and Sirius only a month ago.

On October 31st they re-released the same story to a much wider and free distribution. Sirius stock remained in the green despite the article.

Now, after the close, they have a new article titled "Sirius Shares May Fall To Earth", which you have to pay for to read. I saved my money, because I know it is likely more of the same, and perhaps has even less research put into it.

Will this article become free tomorrow?????? If the stock stays green, it may well be issued.

I am not trying to perpetuate a conspiracy here, but something seems to be compelling The Street.com to keep the negative pressure applied to Sirius.