Starting Out The Year On A Cranky Note
I am NOT going to take 362 more days of this dude!!!
When it comes to XM Satellite Radio (XMSR) I have been uncharacteristically upbeat for many months. I've even found silver linings in bad news, something genetically incompatible with my predisposition toward impending financial Armaggedon (what?!. . . you thought that a glitzy ball descending upon thousands of zombies cheering a ticking clock - (that's exciting) - while kept unfrozen by vast amounts of ingestible alcohol would somehow put me in some kind of sunnier mood for the new year?)
But it is what it is Minyans, and the lousy anecdotal evidence for XMSR from various retail stores, coupled with the technical performance of the stock, are raising all kinds of flags.
I am still convinced that XMSR - the company and the stock - will be big winners; and it is also possible that the stock might "stand up" to disappointing subscriber numbers, as a function of where it already "sits". But I am growing more worried that in the near term the stock might make sore losers of those long it. As soon as my account returns from cyberspace (as it is currently being ACAT'ed to our friends at MS Howells & Co.), trade Numero Uno for the year will be a full hedging of my position and maybe even a "dark side" speculative shot.
Phew!! Now that I got that non-advice off my chest, I already feel a lot better. Happy New Year Minyanville!!!
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