Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Tuesday, March 25, 2008
SIRI & XMSR
It's uncanny to me how similar SIRI & XMSR charts look on a 2 year basis. Yes a lot of people have been waiting for the government to act in order to combine these companies into a satellite radio monopoly. Well it looks like the FED's have stalled just long enough to kill any momentum in the stocks. I say sell the news when the FCC fianally allows the merger if you've been long SIRI and look for a better entry after the consolodation.
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