What a run since the crash. Basically straight up for 10 years. SIRI is now hitting a former high ... I think it will find some rejection on the first attempt. RSI is cranked high on multiple time frames. Looking to dump soon. Market proxy stocks like AMZN NFLX APPL and FB plus the SPY will all influence.
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Not financial advice.
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Bulls are calling for $8 and higher because of higher car sales and 40% roll over on trial serviceof SIRI ? New cars will be hooked up to *cough* THE INTERNET. Also, let's be honest here, anybody who is actually interested in music doesn't listen to radio because it sucks.
No radio will not die. But it is now a niche market with limited room for growth.
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I wonder if a takeover is in the near future?
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working very slowly ... what a zombie this stock is